JBL is trading at $254 (-4.2%) in pre-market, extending losses from Friday's -2.5% close as escalating geopolitical tensions in the Middle East spark a sharp global market retreat.
- Major indices are sliding with the S&P 500 down 1% and Nasdaq down 1.4% following reports of US-Israel strikes on Iran and the closure of the Strait of Hormuz.
- Crude oil prices have surged to $73 per barrel amid supply fears, driving safe-haven flows and a 1.3% drop in pre-market futures.
- No company-specific news or earnings were reported for Jabil; the stock's decline aligns with the broader move away from risk assets.