Wall Street opens mixed after US extends Iran sanctions

Tuesday, 25. June 2019 15:30

Markets in the United States opened mixed on Tuesday as tensions between the US and Iran continued to intensify. US President Donald Trump announced a new set of sanctions against Tehran targeting Iranian Supreme Leader Ayatollah Ali Khamenei and eight IRGC commanders in response to last week's downing of a US drone. Iran's Foreign Ministry slammed Washington over the new measures, claiming they represent a "permanent closure of the road to diplomacy" between the two countries. Meanwhile, investors are digesting US housing price figures and awaiting Federal Reserve Chair Jerome Powell's speech at the Council on Foreign Relations.

The Dow Jones added 0.06% at 9:31 am ET as McDonald's gained 0.61% at 9:31 am ET.

The Nasdaq 100 lost 0.11% at 9:31 am ET with NetEase falling 2.08% at 9:33 am ET.

The S&P 500 was up 0.04% at 9:30 am ET. Allergan surged 29.11% at 9:31 am ET after AbbVie announced it will acquire the company for $63 billion.

The euro dipped 0.08% against the dollar to sell for 1.1389 at 9:33 am ET.

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Breaking the News / NP