The S&P 500 Index ($SPX) (SPY) today is down -0.57%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.58%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.60%. June E-mini S&P futures (ESM26) are down -0.50%, and June E-mini Nasdaq futures (NQM26) are down -0.52%.
Stock indexes are under pressure today, with the Nasdaq 100 falling from a new record high. The broader market is under pressure today as the US and Iran clashed overnight, sending WTI crude oil prices up more than +1% to a 1.5-week high. Shortly after disabling an empty oil tanker heading back to Iran, the US military said it came under missile and drone attacks as Iran targeted the US’s Bahrain naval base and the Ali Al-Salem airbase in Kuwait. US forces struck a communications tower on the Iranian island of Qeshm near the Strait of Hormuz as part of the skirmishes. In addition, weakness in software companies and private credit stocks today is weighing on the overall market.
