The S&P 500 Index ($SPX) (SPY) today is down -1.68%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -1.93%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.50%. March E-mini S&P futures (ESH26) are down -1.60%, and March E-mini Nasdaq futures (NQH26) are down -1.48%.
Stock indexes are falling sharply today, with the Dow Jones Industrial Average sliding to a 3.5-month low amid concern that the war in the Middle East will keep pushing energy prices higher, sparking inflation. Qatar’s energy minister told the Financial Times today that the war in the Middle East could “bring down the economies of the world,” and predicted that all Gulf energy exporters would shut down production within weeks, driving crude oil prices to $150 a barrel.
