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Barchart
Barchart
Rich Asplund

Stocks Plunge on US Plans to Escalate Iran War

The S&P 500 Index ($SPX) (SPY) on Friday closed down -1.51%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.96%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.88%.  March E-mini S&P futures (ESM26) fell -1.39%, and March E-mini Nasdaq futures (NQM26) fell -1.83%.

Stocks plunged on Friday, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 falling to 6.25-month lows.  Stocks fell sharply on Friday amid concerns about the spillover effects of elevated energy costs from the war with Iran to inflation and economic growth.

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