The S&P 500 Index ($SPX) (SPY) on Thursday closed down -1.74%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.38%. June E-mini S&P futures (ESM26) fell -1.72%, and June E-mini Nasdaq futures (NQM26) fell -2.34%.
Stock indexes sold off sharply on Thursday, with the Nasdaq 100 falling to a 6.5-month low. Stocks slumped on Thursday amid soaring oil prices, as uncertainty persists over Iran’s willingness to engage in talks on a ceasefire. WTI crude oil prices jumped more than +4% on Thursday after Axios reported the Pentagon is developing military options for a “final blow” in Iran that could include the use of ground forces and a massive bombing campaign. President Trump said Thursday that Iran had “better get serious soon, before it is too late, because once that happens, there is no turning back, and it won’t be pretty.”
