SPRX is trading at $50.29 (-1.93%) as oil amid Gulf shipping attacks renews inflation concerns and weighs on risk appetite. - Brent moved above $102 as attacks near the Strait of Hormuz raised supply-disruption fears. - Treasury yields remain near multi-decade highs; Fed minutes indicated most policymakers expected another rate increase this year, pressuring growth stocks. - Nvidia, Broadcom and Micron were lower pre-market; broader U.S. indexes were also softer, so losses extended beyond technology.