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Barchart
Barchart
Rich Asplund

Stocks Pressured by Middle East Tensions and Weak US Economic News

The S&P 500 Index ($SPX) (SPY) today is down -0.28%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.33%.  June E-mini S&P futures (ESM25) are down -0.30%, and June E-mini Nasdaq futures (NQM25) are down -0.33%. 

Stock indexes are sliding today, and crude oil is up by more than +2%, as market sentiment turned negative after President Trump played down the chance of an Israel-Iran ceasefire.  After leaving the G-7 meeting in Canada, President Trump said that he hasn’t reached out to Iran for peace talks “in any way, shape or form” and that a “permanent end and not a ceasefire” to the nuclear dispute with Iran would be the goal. 

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