Stocks Selloff Amid Iran Ceasefire Doubts | The Closing Bell

• Major U.S. indices (S&P 500, Dow Jones, Nasdaq, Russell 2000) closed down, with Nasdaq leading losses.
• Geopolitical tensions (Iran ceasefire doubts) and rising oil prices (Brent up >5.5%) were cited as primary drivers for the market downturn.
• The bond market saw a selloff across the curve, with Treasury yields rising due to weak demand in auctions.
• Energy was the sole outperforming sector, while Information Technology, Industrials, and Consumer Discretionary sectors experienced significant declines.
• Notable individual stock movements included Olaplex Holdings Inc. surging over 50% on acquisition news, while Sandisk Corp/DE, Snap Inc., and MillerKnoll Inc. saw double-digit percentage drops due to specific company news and macro factors.

The U.S. stock market experienced a broad selloff, with major indices closing significantly lower, driven by doubts surrounding a potential ceasefire between the U.S. and Iran. This geopolitical uncertainty also pushed oil prices higher and led to a selloff in the bond market, raising concerns about inflation and its impact on corporate earnings and consumer spending. Energy was the only outperforming sector, while tech and consumer discretionary lagged.