The S&P 500 Index ($SPX) (SPY) Tuesday closed down by -0.93%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -1.43%.
Stocks on Tuesday posted moderate losses, with the S&P 500 and Nasdaq 100 falling to 1-week lows. Escalating Middle East tensions sparked long liquidation pressure in stocks on Tuesday. Israel began a limited ground assault into Lebanon, and Iran launched a ballistic missile attack against Israel. Tuesday’s US economic news was mixed for stocks as Aug JOLTS job openings rose more than expected, but the Sep ISM manufacturing index was weaker than expected.
