Wall Street declines after weak data

US stock indices fell on Tuesday following weak data while investors assess the ongoing Iran-Israel conflict.

Recent data showed US retail sales fell 0.9% m/m to $715.4 billion in May, while analysts expected a 0.6% drop, as auto sales drop following Trump’s tariffs. 

Later today, the Federal Reserve will convene and discuss policies, and will announce its decision tomorrow, widely expected to hold interest rates unchanged at below 4.5%. 

Markets were a bit concerned after US President Trump urged Iranians to evacuate Tehran on Tuesday, coinciding with his early leave from the G7 meeting in Canada. 

On trading, Dow Jones fell 0.1% as of 16:08 GMT, or 29 points to 42,485 points, while S&P 500 fell 0.2%, or 15 points to 6018 points, as NASDAQ shed 0.3%, or 63 points to 19,637 points.