The S&P 500 Index ($SPX) (SPY) today is down -0.24%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.21%. March E-mini S&P futures (ESH26) are down -0.30%, and March E-mini Nasdaq futures (NQH26) are down -0.27%.
Stocks gave up overnight gains and turned lower today after US Feb producer prices rose more than expected, a sign of sticky price pressures. Also, WTI crude oil prices (CLJ26) whipsawed higher by more than +2% after initially being down more than -2% on signs of escalation of the Iran war after Iran said part of its South Pars gas field was hit in an airstrike, as were the Asaluyeh oil industry facilities.
