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Atkore, Carrier Global, Advanced Energy, Astec, and L.B. Foster Shares Are Falling, What You Need To Know
Shares of several companies, including Atkore, Carrier Global, Advanced Energy, Astec, and L.B. Foster, fell following an afternoon session marked by rising crude oil prices due to geopolitical tensions in the Middle East. The surge in oil prices to over $82.57 a barrel, driven by threats to block the Strait of Hormuz, has fueled fears of resurgent inflation and potential delays in Federal Reserve interest rate cuts. This market reaction led to declines in the mentioned stocks, with Advanced Energy showing significant volatility but also strong year-to-date performance.