Briefing

Market Snapshot

Dow	46450.24	-114.39	(-0.25%)
Nasdaq	21812.41	-28.55	(-0.13%)
SP 500	6570.56	-6.85	(-0.10%)
10-yr Note
NYSE	Adv 1450	Dec 1218	Vol 451.23 mln
Nasdaq	Adv 2117	Dec 2160	Vol 6.40 bln

Industry Watch

Strong: Energy, Consumer Staples, Utilities, Real Estate, Financials

Weak: Consumer Discretionary, Communication Services, Industrials

Moving the Market

--Stocks giving back some of their recent gains as President Trump's address weighs on ceasefire hopes --Oil prices surging higher, with WTI crude moving above the $112 per barrel mark before retreating --Stocks bounce off opening lows following report that Iran and Oman are drafting a proposal regarding traffic through the Strait of Hormuz

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• Major averages drifted lower.
• Oil prices surged on renewed Iran conflict concerns.
• Geopolitical rhetoric caused initial market volatility.
• Asset managers faced pressure from private credit redemption limits.
• Rubrik shares climbed after director purchase.
• Consumer Discretionary sector lagged, Tesla missed delivery estimates.
• Information Technology sector recovered from early losses.
• Weekly initial jobless claims remained low.
• February trade deficit widened.