🔴 FIG is trading 4.1% down today as Middle East conflict and oil spike trigger market selloff

FIG is trading at $28.10 (-4.06%) in pre-market sessions, extending a downward trend from yesterday's close of $29.29 amid a broader market retreat.

• Geopolitical tensions have escalated following US-Israel strikes on Iran and the closure of the Strait of Hormuz, causing oil prices to surge to ~$82.
• The selloff is widespread with S&P 500 futures falling 1.63% and the NASDAQ dropping 2.12% as investors move away from high-growth SaaS platforms in a risk-off environment.
• No company-specific news or earnings were reported for FIG; the decline aligns with a ~5% slump in bank stocks and heightened yield curve risks.