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Rich Asplund

FOUND: Stocks fall amid rising middle east tensions - You Need To See This

DD EA SPORTS Nasdaq SP United States eBay Oil Strait of Hormuz Dow Jones Industrial Average ECB

The S&P 500 Index ($SPX) (SPY) on Monday closed down -0.41%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.21%.  June E-mini S&P futures (ESM26) fell -0.42%, and June E-mini Nasdaq futures (NQM26) fell -0.22%.

Stock indexes gave up an early advance on Monday and settled lower amid heightened tensions in the Middle East.  WTI crude oil prices surged more than +4% on Monday after the US and Iran exchanged fire in the Strait of Hormuz, raising inflation expectations and pushing bond yields higher.  The 10-year T-note yield rose to a 5-week high of 4.46% on Monday. 

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