The S&P 500 Index ($SPX) (SPY) today is down by -0.36%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.41%.
Stocks today are moderately lower as flaring tensions in the Middle East continue to weigh on stocks. The markets are awaiting Israel’s response to Tuesday’s missile barrage from Iran after Israeli Prime Minister Netanyahu vowed to retaliate, saying Iran “made a big mistake” and “will pay.” His comments sent crude prices soaring another +3% today to a 1-week high and threatened to escalate hostilities even further in the region. Stock indexes remained lower after the Sep ADP employment showed US employers added more jobs than expected, which pushed bond yields higher and is hawkish for Fed policy.
