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Barchart
Barchart
Rich Asplund

Stocks Pressured as Middle East Hostilities Boost Inflation Risks

The S&P 500 Index ($SPX) (SPY) on Monday closed down -0.19%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.59%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.04%. September E-mini S&P futures (ESU26) fell -0.20%, and September E-mini Nasdaq futures (NQU26) rose +0.01%.

Stock indexes on Monday settled mixed, with the Dow Jones Industrials falling to a 3-week low. Stocks gave up early gains on Monday and settled mixed as rising crude oil prices boosted bond yields and undercut stocks. Crude prices rose to a 5-week high on Monday amid concern the US-Iran conflict will worsen and lead to higher inflation. The 10-year T-note yield rose +5 bp to 4.60%.

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