
The S&P 500 Index ($SPX) (SPY) on Tuesday fell -0.21%, the Dow Jones Industrial Average ($DOWI) (DIA) fell -0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell -0.04%. March E-mini S&P futures (ESH26) fell -0.11%, and March E-mini Nasdaq futures (NQH26) rose +0.08%.
Bearish factors for stocks included Tuesday’s rise of more than +5 bp in the 10-year T-note yield and continued jitters about the war in Iran. The Pentagon said the US military conducted its most intensive day of bombing yet on Tuesday. Also, the largest refinery in the UAE was forced to close due to a drone attack, and there was a report of an explosion involving a tanker near the UAE.