FINWIRES · TerminalLIVE
FINWIRES

US Equity Markets End Lower Amid Semiconductor Sell-Off, Trump Threat to Hit Iran "Hard"

By

US equity indexes were lower on Wednesday amid a semiconductor stock sell-off and after President Trump threatened a "very hard" attack on Iran.

* The US will resume attacks on Iran on Wednesday, President Donald Trump said, citing slow progress in talks for a deal to end the war, according to a report from CNN.

* The US seasonally adjusted consumer price index, a measure of inflation, rose by 0.5% in May, as expected by analysts, following a 0.6% increase in April, according to data released Wednesday by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose by 0.2%, below the consensus estimate for a 0.3% increase. Core CPI rose by 0.4% in April.

* July West Texas Intermediate crude oil rose $2.16 to settle at $90.36 per barrel, while August Brent crude, the global benchmark, was last seen up $1.88 at $93.35.

* Devon Energy (DVN) shares were up roughly 5.7%, the top gainer on the S&P 500, after Evercore ISI upgraded the stock to outperform from in line with a $54 price target.

* Super Micro Computer (SMCI) shares fell nearly 27%, the steepest decliner on the S&P 500, after the company said late Tuesday it is planning $7 billion worth of equity and equity-linked financing transactions as part of efforts to fund AI orders related to its advanced servers.

Related Articles

International

Indonesian Consumer Confidence Falls in May

Indonesia's Consumer Confidence Index fell to 120.9 points in May from 123.0 points in the previous month, according to the Bank Indonesia consumer survey released Wednesday.The index remained in optimistic territory, sitting above the 100-point threshold that separates optimism from pessimism.The shift was driven by a fall in the Current Economic Condition Index, which slid to 112.2 points from 116.5 points, while the Consumer Expectation Index tracking future outlook increased to 129.7 points from 129.6 points.

$^JKSE
International

Singapore, East African Community Eye Free Trade Agreement

Singapore President Tharman Shanmugaratnam expressed the city-state's intention to work on a free trade agreement with the East African Community during the former's state visit to Tanzania, according to a release by the Ministry of Foreign Affairs on Tuesday.The negotiation is the first of its kind for both parties.The EAC comprises eight member states, with the announcement coming on the back of the city-state's push to deepen its ties with African countries.

$^STI
International

Three NZ Central North Island Regions Post All-Time High New Rental Listings in May

Three of New Zealand's Central North Island regions recorded all-time high new rental listings in May, according to a report by realestate.co.nz released on Wednesday.New listings in Gisborne doubled year on year, rising 102.2% to 91 in May from 45 in the same period last year, while Hawke's Bay recorded a 26.5% increase with 129 new listings.Manawatū-Whanganui's new listings were up 17% year on year to 399.Meanwhile, Otago recorded 48.9% year-on-year decline in new rental listings, falling to 156 from 305. The region's stock also declined by almost 46.7% in May 2025 to 192 total rental listings.Additionally, Southland's new listings declined by almost 23.7%, although its stock levels increased 6.7% compared to the same time last year.In Wellington, total rental stock fell nearly 24.8% year on year in May to 845 properties from 1,123, and new listings declined 12.1% over the same period to 567 from 645.

$^NZ50