Middle East Tensions Impact Markets, Apple Shares Down 3.7%
Tuesday trading remained volatile as Middle East hostilities and renewed pressure in the Treasury market has been compounded by more active repositioning before the dawn of the trillion-dollar IPO trifecta, with SpaceX, OpenAI, and Anthropic all rushing toward public listings. Energy and Tech - the top two sectors on Monday - were the worst performers on Tuesday. Meanwhile Real Estate and Industrials led the benchmark. Mega-cap Tech was also generally under heavy pressure, with notable 3.7% declines in Appleshares, 3% drop in Tesla, and a 2% slide in Microsoft.In the opening hours of the evening session, S&P e-minis and Nasdaq 100 contracts are both down about 0.3%. In commodities, WTI Crude Oil is back above $89 per barrel following retaliatory strikes by U.S. forces against Iranian military installation after the latter downed a U.S. helicopter patrolling the Strait of Hormuz. In metals, gold is at a 2.5-month low below $4,250 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Lakeland Industriesup 14.8%Cracker Barrel Old Country Storeup 7.7%Casey's General Storesup 2.5%ALSO HIGHER -DOWN AFTER EARNINGS -Skillsoft Corp.down 4.2%BARK, Inc.down 2.9%Limoneiradown 1.4%ALSO LOWER -Summit Therapeuticsdown 6.8% after equity offeringSuper Micro Computerdown 5.5% after equity offering
