Iran & KLA Corporation

Iran: Iran is the other primary belligerent, firing missiles at U.S. forces and striking targets in Kuwait and Egypt. It faces U.S. retaliation and sanctions, while its control of the Strait of Hormuz disrupts global energy markets.

KLA Corporation: KLA fell 8% despite strong earnings, as high expectations and market sentiment weighed.

Iran: Iran's ongoing conflict with the United States and Israel, and its control of the Strait of Hormuz, has significantly impacted oil prices and global inflation concerns. Hopes for a peace deal with the United States have influenced market sentiment regarding oil supply.

KLA Corporation: KLA Corporation's stock was up more than 5% as chipmakers and AI-infrastructure stocks staged a recovery.

KLA Corporation: KLA Corporation is a top US supplier of advanced chipmaking equipment, which the United States aims to limit access to for Chinese chipmakers like Semiconductor Manufacturing International Corporation.