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“Stocks Slide as Oil Surges Above $100 Amid Middle East Tensions” 🚨🚨🚨

U.S. markets tumbled after global oil prices spiked, sending fresh shockwaves through Wall Street. S&P 500, Nasdaq-100, and Russell 2000 all moved lower as Brent crude oil closed above $100 per barrel for the first time in more than three years.

The surge in oil came after a series of attacks on ships traveling through or near the Strait of Hormuz, one of the world’s most important energy shipping routes. The escalating tensions in the region have rattled investors and raised fears of supply disruptions.

Higher oil prices have also reignited inflation concerns, leading traders to become increasingly pessimistic about the chances of interest rate cuts later this year. As a result, energy stocks outperformed while economically sensitive sectors like industrials lagged behind.

Stocks Moving Higher

Energy and commodity-related companies led the gains as oil prices climbed.

• Occidental Petroleum surged after receiving a double upgrade and a higher price target from Wells Fargo.

• Bumble skyrocketed after posting stronger-than-expected fourth-quarter results and issuing an optimistic profit outlook.

• Lightwave Logic jumped after announcing a deal to deploy its modulator technology on the platform of Tower Semiconductor.

• Petco rallied following upbeat full-year EBITDA guidance in its latest earnings report.

• Chemical and fertilizer companies including CF Industries, The Mosaic Company, Dow Inc., and LyondellBasell also climbed as natural gas supply concerns boosted pricing power.

• Firefly Aerospace continued to rally after the successful launch of its Alpha Flight 7 rocket, fueling strong options activity.

Stocks Moving Lower

Financial, retail, and tech stocks were among the hardest hit during the market sell-off.

• Financial firms such as Ares Management, JPMorgan Chase, Morgan Stanley, KKR, Goldman Sachs, and Apollo Global Management slid as concerns about private credit exposure weighed on the sector.

• Deutsche Bank was hit particularly hard after revealing roughly $30 billion in private-credit exposure.

• Dollar General dropped after issuing weaker-than-expected same-store sales guidance.

• Automation software company UiPath fell despite beating revenue expectations, as investors remained unimpressed with its long-term outlook.

• Beauty giant Estée Lauder declined as higher oil prices dampened sentiment around discretionary spending.

• Semiconductor manufacturer GlobalFoundries slipped following news of a 20 million share secondary offering.

With geopolitical tensions rising and energy prices surging, investors are bracing for continued volatility in global markets.