LIVE MARKETS-Wall Street ends lower on Israel-Iran tensions, sour data; Your move, Fed

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WALL STREET ENDS LOWER ON ISRAEL-IRAN TENSIONS, SOUR DATA; YOUR MOVE, FED

U.S. stocks lost ground on Tuesday and crude prices jumped as the Israel-Iran conflict intensified and downbeat economic data threw a damper on investor risk appetite.

All three major U.S. stock indexes closed in negative territory, weighed down by a broad selloff in which energy .SPNY shares provided a rare glimpse of green due to spiking crude prices CLc1 as the mounting conflict stoked supply concerns.

Airlines .SPCOMAIR, housing .HGX, healthcare .SPXHC, transports .DJT and consumer discretionary .SPLRCD were among the day's underperformers.

President Donald Trump called for Iran's unconditional surrender, and U.S. fighter jets were moved into position in the Middle East, further exacerbating geopolitical tensions.

A plethora of economic data, most of it rather downbeat, started the day on a sour note. Retail sales and industrial production were softer than anticipated, capacity utilization unexpectedly shrank, and homebuilder sentiment sank to its most pessimistic reading in 3-1/2 years.

That bundle of bad news arrived just as the U.S. Federal Reserve convened for its June monetary policy meeting, which is expected to culminate on Wednesday with a decision to leave interest rates where they are. An update to the central bank's Summary of Economic Projections (SEP) will provide insight into Powell & Co's economic assessment and, in the case of the dot plot, clues regarding the Fed's expected rate cut path through the end of the year and beyond.

In addition to the Fed show, which is likely to add some volatility to the last two hours of trading, market participants can look forward to housing starts, building permits, mortgage demand and initial jobless claims, which was moved a day forward to accommodate the Juneteenth holiday on Thursday.

Here's your closing snapshot:

(Stephen Culp)

EARLIER ON LIVE MARKETS:

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DREARY DATA SETS THE FED'S TABLE: RETAIL SALES, INDUSTRIAL OUTPUT, ET AL CLICK HERE

U.S. STOCKS DIP AMID THE CONTINUING MIDDLE EAST CONFLICT; FED MEETING KICK OFF CLICK HERE

NASDAQ COMPOSITE: TRADERS BRACE FOR BULLISH BREAKOUT OR BEARISH TURN CLICK HERE

IRAN-ISRAEL FACE-OFF COULD TURN TEHRAN'S OIL CARD INTO MARKET KRYPTONITE CLICK HERE

WILL THE REAL VOLATILITY PLEASE STAND UP? CLICK HERE

EU DEFENCE: UBS FLAGS RISKS OF SLOWING REVISIONS CLICK HERE

EM ASIA AND ROTATION OUT OF US STOCKS CLICK HERE

STOXX AT 3-WEEK LOW, OIL STOCKS TOP GAINERS IN JUNE CLICK HERE

BEFORE THE BELL: EUROPEAN FUTURES FALL, RENEWABLES EYED CLICK HERE

ISRAEL-IRAN TRUCE HOPE IN TATTERS CLICK HERE