🔴 ASML is trading 3.5% down today as oil surge and geopolitical tensions spark market selloff

ASML is trading at $1248.07 (-3.46%) in pre-market as rising oil prices and geopolitical tensions trigger a broad market selloff.

• Shares are extending a downward trend following losses of 5.5% on March 6 and 2.2% on March 5, further pressured by a recent Zacks downgrade to hold.
• Macroeconomic headwinds are mounting as oil surpasses $100 due to the Iran conflict, alongside a China inflation surprise that has pushed US futures sharply lower.
• Broader market sentiment remains risk-off, with the S&P 500 and Nasdaq futures dropping 1.5% and 1.6% respectively in early trading.