With Energy (XLE) down 2.0%, this looks like a sector-led move rather than a company-specific surprise.
The energy sector declined as crude oil prices fell more than 2% during the session. This drop is primarily attributed to diplomatic efforts to resolve the conflict involving Iran, with ongoing talks between Iranian and Qatari officials raising hopes for de-escalation. Reduced fears of a wider conflict that could disrupt global oil supplies have led to a sell-off in crude oil, which is pressuring energy stocks lower.