The S&P 500 Index ($SPX) (SPY) today is down -0.79%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.81%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.12%. June E-mini S&P futures (ESM26) are down -0.74%, and June E-mini Nasdaq futures (NQM26) are down -1.08%.
Stocks are retreating today, with the S&P 500 and Nasdaq 100 falling to 6.75-month lows. Stocks are falling today as crude oil prices are up more than +3% and global bond yields are soaring amid the risk of a protracted Iran war. Iran and Israel exchanged missile fire today, and Iran targeted several Gulf states as the war entered its 27th day. Saudi Arabia said it intercepted two ballistic missiles headed for Riyadh, and Kuwait said drones damaged the port of Shuwaikh, while another port called Mubarek Al Kabeer was also targeted. Meanwhile, the Wall Street Journal reported the Pentagon is considering sending as many as 10,000 additional troops to the Middle East.
