The S&P 500 Index ($SPX) (SPY) today is down -0.37%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.64%. March E-mini S&P futures (ESM26) are down -0.40%, and March E-mini Nasdaq futures (NQM26) are down -0.70%.
Stocks are under pressure today, with the Nasdaq 100 falling to a 3.75-month low as bond yields rise on concerns inflation will climb due to the war in Iran. The 10-year T-note yield rose to a 6.75-month high today of 4.34%. The Iran war enters its twenty-first day as Iran presses ahead with attacks on neighboring states. Kuwait said it shut several units at its Al Ahmadi refinery after multiple strikes, and Bahrain reported a fire at a warehouse. Also, Saudi Arabia and the United Arab Emirates said they intercepted Iranian missiles and drones today.
