The S&P 500 Index ($SPX) (SPY) today is down -0.96%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.57%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.53%. March E-mini S&P futures (ESH26) are down -0.96%, and March E-mini Nasdaq futures (NQH26) are down -1.56%.
Stock indexes are under pressure today, with the S&P 500 and Nasdaq 100 sliding to 1-week lows. The weakness in chip makers and the Magnificent Seven technology stocks is weighing on the broader market. Also, rising geopolitical risks are undercutting stocks as markets await the US response to the turmoil in Iran. Reuters reported that some US personnel have been advised to leave the US Al Udeid Air base in Qatar. The facility was targeted by Iran in retaliatory airstrikes last year after the US attacked Iran’s nuclear facilities. President Trump urged Iranians to continue protests against the government of Supreme Leader Ayatollah Ali Khamenei, and said he would “act accordingly” once he gets a sense for how many of the demonstrators have been killed.
