🔴 JBL is trading 5% down today amid Middle East escalation and broad market selloff

JBL is trading at $248 (-5.05%) in pre-market as geopolitical tensions in the Middle East trigger a broad market selloff.

• The decline follows reports of U.S.-Israel strikes on Iran and the closure of the Strait of Hormuz, which sparked a surge in oil prices.
• Major indices are down significantly, with the Nasdaq dropping 2.28% and the S&P 500 falling 1.78%.
• The stock is extending losses from its March 2 close of $261.18 (-1.44%) despite no company-specific news. [Hero News ID: 69a557b37641e247d3eb4c5e]