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Retail Sales, Middle East Tensions Drag Major Indexes

The S&P 500 and Nasdaq are lower this afternoon

Managing Editor
Jun 17, 2025 at 12:10 PM
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Weaker-than-expected retail sales data and President Donald Trump's calls to evacuate Tehran has stocks firmly in red territory this afternoon. Trump also left the G7 Summit in Canada early to address the heightening Middle East tensions. In response, the Dow Jones Industrial Average (DJI) is off nearly 100 points, while the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also firmly lower.

Continue reading for more on today's market, including:

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Jabil Inc (NYSE:JBL) stock is popular in the options pits today, with 8,951 calls and 7,908 puts across the tape so far. This represents 25 times the average intraday options volume, with positions opening at the June 200 and 210 calls. The manufacturing stock was last seen 12.2% higher at $202.93, surging after the company posted a fiscal third-quarter earnings and revenue beat. JBL is up 39% year-to-date and earlier hit a record high of $203.90.

Reddit Inc (NYSE:RDDT) stock is one of the best performers on the New York Stock Exchange (NYSE) today, last seen up 6.8% at $134.83, after the online forum revealed two artificial intelligence (AI) ad tools yesterday. Today's pop is helping shave off some of the security's 17% year-to-date deficit, and set it on track for its fourth-straight daily gain. Today's bull gap has also placed RDDT above the 100-day moving average for the first time since early March.

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Near the bottom of the NYSE today is JinkoSolar Holding Co., Ltd (NYSE:JKS), down 6.2% to trade at $18.85 at last check. Though a catalyst is unclear, the renewable energy name on Friday announced a cash dividend. So far in 2025 JKS has shed over 23% and has been unable to break above a $20 ceiling, which moved in as resistance in mid-May.

 

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