The S&P 500 Index ($SPX) (SPY) is down -0.04%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.13%. March E-mini S&P futures (ESH26) are down -0.16%, and March E-mini Nasdaq futures (NQH26) are up +0.13%.
Stocks are being pressured today by fresh disruptions in the Persian Gulf that raised doubts about President Trump’s comment yesterday evening that the Iran war could end “very soon.” In addition, the Pentagon said the US military is today conducting its most intensive day of bombing yet. Stocks are also being undercut by today’s +1.7 bp rise in the 10-year T-note yield.
