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Barchart
Barchart
Rich Asplund

Middle East Fears Weigh on Stocks

United States Middle East ECB Barclays Citigroup ZIM Integrated Shipping Services Ltd

The S&P 500 Index ($SPX) (SPY) today is down by -1.04%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.72%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -1.52%.

Stocks today are trading lower, with the S&P 500 and Nasdaq 100 posting 1-week lows.  Escalating Middle East tensions have sparked long liquidation pressure in stocks.  Israel began a limited ground assault into Lebanon, and US intelligence said that Iran is preparing to launch a ballistic missile attack against Israel.  Today’s US economic news was mixed for stocks as Aug JOLTS job openings rose more than expected, but the Sep ISM manufacturing index was weaker than expected.

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