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

JBL is trading at $247.06 (-5.41%) as escalating Middle East tensions trigger a broad market selloff and risk-off sentiment.

• Geopolitical risks, including U.S.-Israel strikes on Iran and the closure of the Strait of Hormuz, have caused oil prices to spike, weighing heavily on equities.
• Major indices are down across the board, with the S&P 500 falling 1.90%, the Nasdaq dropping 2.00%, and the Dow losing 2.12%.
• No company-specific news has been reported for JBL; the stock's decline is moving in tandem with the broader market's reaction to global instability.