Jabil Inc. stock experienced a decline on January 30, driven by intense risk-off sentiment in the technology sector and the official nomination of hawkish Federal Reserve Chair nominee Kevin Warsh.
- The decline was fueled by macro concerns regarding higher interest rates and increased volatility.
- The movement coincided with analysts issuing negative near-term price forecasts for JBL.
- Jabil closed the trading day down 2.76% at $237.19.