APi, Applied Industrial, and Shoals Shares Plummet, What You Need To Know
After Iran missiles hit ships near the Strait of Hormuz, oil prices rose and investors revived inflation and higher-rate concerns. The Industrial Select Sector SPDR (XLI) fell ~2%; United Airlines dropped >3%. APi (APG), Applied Industrial (AIT), and Shoals (SHLS) each fell ~3.9%. Brent neared $75 and WTI ~$71; 10-year yields ~4.47%.





