The S&P 500 Index ($SPX) (SPY) this morning is down -1.06%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.96%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.38%.
Stock indexes today are under pressure, with the Dow Jones Industrials falling to a 2-month low. Heightened geopolitical tensions have fueled risk aversion and sparked long liquidation in stocks today. Risk aversion has also fueled safe-haven demand for gold and pushed gold prices to a record high today, and sparked a rally in crude prices by more than +2% to a 5-1/2 month high. Western intelligence assessments said a missile or drone attack by Iran or its proxies against Israeli government assets is imminent within days in retaliation for Israel’s attack on an Iranian embassy compound in Syria.
