Airline and some hotel stocks fell in premarket trading Monday after airspace closures throughout the Middle East. Affected airports included Dubai, one of the biggest hubs in the world by passengers, and a home base for airline Emirates.
Source: https://www.cnbc.com/2026/03/02/iran-strikes-flights-travel-…
Despite strong gains this year, Samsung Electronics and SK Hynix shares are even less expensive than their U.S. counterparts.
After finishing the past two years with an average annual gain of nearly 23%, the financials sector has struggled this year. With a year-to-date loss of around 9%, the cohort ranks last among the S&P 500’s 11 sectors.
The Strait of Hormuz disruption could keep oil prices elevated longer than a typical supply shock due to shipping/insurance constraints, limited SPR flexibility, and already-tightening fundamentals. ExxonMobil and Devon Energy could translate higher oil into outsized free cash flow, including Exxon’s advantaged production and LNG ramp and Devon’s Coterra merger synergies plus a potential dividend step-up.
