S&P 500, Nasdaq Slide as Iran Conflict Keeps Oil Prices Elevated

What: The S&P 500 and Nasdaq are experiencing a slide due to elevated oil prices.
Why: The Iran conflict is driving up oil prices, which is negatively impacting the market.
Signal: The sell-off is a strong indication of investor concern over the escalating tensions.
Target: Tech stocks, in particular, are taking a hit as oil prices surge.
Risk: The prolonged conflict and subsequent oil price volatility pose significant risks to the market.