The S&P 500 Index ($SPX) (SPY) is down by -0.26% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.42%. December E-mini S&P futures (ESZ26) are down -0.30%, and December E-mini Nasdaq futures (NQZ26) are down -0.51%.
Stock indexes are under pressure today as a surge in crude oil prices pushes inflation risks and bond yields higher and dampens market sentiment. WTI crude oil is up more than +4% today after a report said the US could escalate the war in Iran before next month's midterm elections.
