Jabil Circuit (JBL) shares are trading down 1.10% at $257.68 during the February 19 session, slightly underperforming the broader market amid significant macroeconomic headwinds.
- Market sentiment is pressured by escalating U.S.-Iran tensions, crude oil surging past $66/barrel, and persistent tariff concerns weighing on the industrial sector.
- Recent Federal Reserve minutes signaling a hawkish pause on rate cuts have contributed to declines in the S&P 500 and Nasdaq, creating a challenging environment for manufacturing-exposed stocks.