The S&P 500 Index ($SPX) (SPY) Tuesday closed down -0.84%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.70%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.00%. June E-mini S&P futures (ESM25) are down -0.86%, and June E-mini Nasdaq futures (NQM25) are down -0.99%.
Stock indexes retreated Tuesday, and crude oil surged more than +4% 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.
