IXIC – 1% Drop as US-Iran 48-Hour Ultimatum Fuels Risk-OffNASDAQ Composite IndexNASDAQ_DLY:IXICDEXWireNewsNasdaq futures down ~1%, S&P 500 futures -0.8%, Dow futures -0.6% ahead of Monday open. Fourth straight week of losses: Dow & Nasdaq ~2% each last week, S&P 500 -1.5%. Dow’s first 4-week losing streak since 2023. Key drivers: - Trump ultimatum: Obliterate Iranian power plants if Strait of Hormuz not reopened in 48 hours - Iran threatens US Gulf energy & desalination infrastructure in retaliation - Asia already hit hard: Nikkei -5%, Kospi >-5%, Topix -4.4% Oil: WTI +0.5% to ~$98.80, Brent +0.5% near $113 — contained so far, waiting for actual strikes. SPX broke below 200-day MA last week → systematic selling pressure likely. Verdict: High headline risk. Escalation = oil spike + equity sell-off. De-escalation = short-covering relief. Volatility extreme — tight stops essential.