JBL is trading at $350.20 (-4.12%) amid a broader market sell-off driven by hotter-than-expected inflation data and rising geopolitical tensions.
- Major U.S. indices are down across the board, with the Nasdaq leading losses at -1.24% following an April CPI reading of 3.8% YoY and rising Treasury yields.
- Escalating Middle East tensions have pushed oil prices above $107 per barrel, further weighing on investor sentiment in the tech sector.
- The move erases yesterday's 2.84% gain to $365.24; no company-specific news was found, suggesting the drop is macro-driven.