Stocks in the Red Amid Geopolitical Uncertainty | Closing Bell

Summary

Bloomberg Closing Bell anchors discuss a down day for U.S. equities with energy surging on an oil spike and technology slumping. Upcoming bank earnings and CPI data are key catalysts. Individual movers include Paramount, Warner Bros, Mattel, SK Hynix, and AppLovin.

• Dow -0.25%, S&P -0.8%, Nasdaq -1.6% on geopolitical jitters and tech weakness.
• Energy sector jumped 3.2% as Brent and WTI surged on Strait of Hormuz tensions.
• Information technology sector fell 2%, with the SOX semiconductor index down 4.8%.
• Earnings from five big banks and CPI report are the week's major catalysts.
• Paramount and Warner Bros Discovery gained on deal speculation amid state lawsuits.
• Mattel rose after UBS praised its brand equity and activist pushed for a Hasbro merger.
• SK Hynix ADR plunged 9.3% after a record 15% drop in South Korea; AppLovin slumped on slower e-commerce rollout.