Solar stocks drop as US Senate proposes to phase out tax creditsEli Lilly to acquire Verve Therapeutics for up to $1.3 blnRetail sales post biggest drop in four months in MayIndexes: Dow down 0.7%, S&amp;P 500 down 0.8%, Nasdaq down 0.9%(Updates close with volume, share moves)By Caroline ValetkevitchNEW YORK, June 17 (Reuters) - U.S. stocks finished with losses on Tuesday as the Israel-Iran conflict raged on for a fifth day and kept investor anxiety high, with the U.S. military moving fighter jets to the Middle East.Indexes added to losses in afternoon trading, and the Cboe Volatility index (.VIX) rose to end at 21.6, its highest close since May 23.Reuters reported, citing three U.S. officials, that the U.S. military is deploying more fighter aircraft to the Middle East and extending the deployment of other warplanes.President Donald Trump called for Iran’s “unconditional surrender.” The war began on Friday when Israel attacked Iran’s nuclear facilities.“We’re in a period where visibility is not great, uncertainty is high, and the wall of worry is under construction,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis, Minnesota.Besides the Middle East conflict, investors are closely watching for any new information on Trump’s tariffs, his tax-cut bill and U.S. interest rates.A Federal Reserve monetary policy decision is expected on Wednesday, with policymakers widely seen leaving rates unchanged.All of the major S&amp;P 500 sectors were lower except for energy (.SPNY) , which gained along with sharply higher oil prices. Investors have worried that the conflict could create bottlenecks for oil exports from the oil-rich Middle East.Defense shares also rose, including Lockheed Martin (LMT.N) , which was up 2.6%.The Dow Jones Industrial Average (.DJI) fell 299.29 points, or 0.70%, to 42,215.80, the S&amp;P 500 (.SPX) lost 50.39 points, or 0.84%, to 5,982.72 and the Nasdaq Composite (.IXIC) lost 180.12 points, or 0.91%, to 19,521.09.Sandven said the market could trade sideways until investors get more clarity, but earnings and other factors are likely to remain favorable for equities.Solar stocks fell after U.S. Senate Republicans late on Monday unveiled proposed changes to Trump’s tax-cut bill, including a phase-out of solar, wind and energy tax credits by 2028.Shares of Enphase Energy (ENPH.O) fell 24% and Sunrun (RUN.O) dropped 40%.Eli Lilly (LLY.N) shares eased 2% after the company agreed to acquire Verve Therapeutics (VERV.O) for up to $1.3 billion. Shares of Verve surged.Earlier Tuesday, data showed U.S. retail sales dropped more than expected in May, while factory production barely rose last month.“The resilient consumer is getting skittish,” said Brian Jacobsen, chief economist at Annex Wealth Management.Declining issues outnumbered advancers by a 2.07-to-1 ratio on the NYSE. There were 97 new highs and 77 new lows on the NYSE.On the Nasdaq, 1,325 stocks rose and 3,130 fell as declining issues outnumbered advancers by a 2.36-to-1 ratio.Volume on U.S. exchanges was 15.71 billion shares, compared with the 17.98 billion average for the full session over the last 20 trading days.Retail sales<img src="https://imageproxy.pbkrs.com/https://reut.rs/40bQNcL?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="600" height="400" original-src="https://imageproxy.pbkrs.com/https://reut.rs/40bQNcL"/>Monthly change in US retail sales<img src="https://imageproxy.pbkrs.com/https://reut.rs/4leCLPY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1420" height="968" original-src="https://imageproxy.pbkrs.com/https://reut.rs/4leCLPY"/>(Additional Reporting by Chuck Mikolajczak and Kanchana Chakravarty and Sukriti Gupta in Bengaluru; Editing by Maju Samuel)

VERV

U.S. stocks closed lower amid rising investor anxiety due to the ongoing Israel-Iran conflict, with the Dow down 0.7%, S&P 500 down 0.8%, and Nasdaq down 0.9%. The Cboe Volatility index rose to its highest since May 23. Solar stocks plummeted after Senate proposals to phase out energy tax credits, while Eli Lilly announced its acquisition of Verve Therapeutics for up to $1.3 billion. Retail sales saw their largest drop in four months, indicating consumer uncertainty.

- U.S. stocks closed lower amid ongoing tensions in the Israel-Iran conflict, with the Dow down 0.7%, S&P 500 down 0.8%, and Nasdaq down 0.9%.  
- Solar stocks plummeted after the U.S. Senate proposed phasing out energy tax credits by 2028, leading to a 24% drop in Enphase Energy shares and a 40% drop in Sunrun shares.  
- Retail sales fell more than expected in May, indicating consumer hesitance, while defense stocks rose due to concerns over potential oil export disruptions from the Middle East.  

US STOCKS-Indexes end lower as Israel-Iran fighting raises investor anxiety