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Markets Drop Amid U.S.-Iran Stalemate. CPI Inflation Report Will Show Economic Impact of War.
Barrons.com140d agobearish
Markets Drop Amid U.S.-Iran Stalemate. CPI Inflation Report Will Show Economic Impact of War.

Stocks looked set to tumble on Tuesday as the stand-off between the U.S. and Iran dragged on, putting the market on edge ahead of an inflation reading that will make clear just how much the war in the Middle East is impacting the economy. S&P 500 futures declined 0.4% and contracts tied to the tech-heavy Nasdaq 100 dropped 0.8%. The S&P and Nasdaq both eked out record highs on Monday as the rally in chip stocks rolled on.

Review & Preview: Nothing New Except the Highs
Barrons.com140d agoneutral
Review & Preview: Nothing New Except the Highs

The Dow Jones Industrial Average added 0.2%, while the S&P 500 also inched 0.2% higher and the Nasdaq Composite edged up 0.1%. Investor attention is focused squarely on events later in the week, including inflation data and a meeting between the U.S. and China. Sure, there’s still a war going on, and the impasse in the Gulf shows no signs of ending as the U.S. and Iran fail to reach a peace agreement.