US stocks end mixed as US introduces new Iran sanctions

Monday, 24. June 2019 22:00

Wall Street ended mixed on Monday after starting the day with gains as the Nasdaq 100 and the S&P 500 turned negative during the trading session. Market watchers are paying close attention to the relations of Iran and the United States as Washington announced new sanctions on top Iranian officials including Foreign Minister Mohammed Javad Zarif and Ayatollah Ali Khamenei. Trade also remains in focus as US President Donald Trump is set to go to the G20 summit in Osaka, Japan later this week, where he will hold talks with Chinese President Xi Jinping.

The Dow Jones Industrial Average index was 0.03% in the green at the end of the day.

Meanwhile, the Nasdaq 100 finished flat, declining 0.07% as pharmaceuticals fell, led by Celgene which dropped 5.5% on Bristol-Myers Squibb's delay of the $74 billion merger of the two companies, complying with demands of the Federal Trade Commission (FTC).

The S&P 500 lost 0.17% as Bristol-Myers Squibb plunged 7.42%.

The euro was 0.24% higher against the dollar at 4:01 pm ET, changing hands at 1.13972.

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Author:
Breaking the News / VP