US Stocks Tumble as S&P 500 and Nasdaq Hit Multi-Month Lows Amid Geopolitical Fears
The S&P 500 Index ($SPX) (SPY) on Monday closed down -0.39%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.78%. June E-mini S&P futures (ESM26) fell -0.43%, and June E-mini Nasdaq futures (NQM26) fell -0.88%. Stock indexes gave up an early advance on Monday and settled mixed, with the S&P 500 posting a 7.5-month low and the Nasdaq 100 posting a 7.75-month low. Concerns that a protracted war in the Middle East will derail economic growth weighed on stocks on Monday, along with a sell-off in chip stocks. Strength in software stocks kept the Dow Jones Industrial Average in positive territory.
