🔴 JBL is trading 4% down today amid a broad market selloff and weak jobs data

JBL is trading at $241.17 (-4.38%) amid a broad market selloff triggered by a weak February jobs report and rising geopolitical tensions.

• U.S. indices are sharply lower with the S&P 500 down 1.37%, the NASDAQ down 1.66%, and the Dow down 1.02%.
• The labor market report showed 92,000 jobs lost and unemployment at 4.4%, while escalating U.S.-Iran conflict has pushed oil prices above $90 per barrel.
• No company-specific news was found for Jabil; the stock is currently moving in line with broader market sentiment and recession fears.