Houlihan Lokey is trading 4.11% lower at $122.68 amid risk-off trading as Treasury yields and oil rebounded. - Coverage cited no clear company-specific announcement for the October 7, 2026 move; the latest newsroom release predates the session. - Investors awaited Federal Reserve meeting minutes as renewed Strait of Hormuz supply concerns pressured global markets. - The S&P 500 was down 0.61%, Nasdaq Composite 0.70%, and Dow 1.08%; Reuters also reported rising yields and oil weighing on investor sentiment.