S&P 500-1.24%▼: fell to 7,408.50 at Friday’s close after a broad market pullback tied to higher energy prices and market repricing late last week. Nasdaq-1.54%▼: dropped Friday as large-cap technology names led losses amid the late‑week unwind. Russell 2000-2.40%▼: declined sharply at Friday’s close, reflecting heavier weakness in lower‑priced issues. Dow-1.07%▼: pulled back Friday from recent record levels amid the same price swings in cyclical and energy‑sensitive names. VIX+3.80%▲: rose into the close and traded in the high‑teens range early Monday, indicating elevated option‑implied volatility relative to recent troughs. Crypto: BTC and ETH opened lower Monday, with both cryptocurrencies trading down from recent levels as prices moved lower early in the session. What's driving the market this week Geopolitical supply concerns tied to the Iran conflict kept oil volatile and contributed to the market pullback late last week as energy prices moved higher. A rebound in semiconductor names and upbeat commentary/earnings from large tech suppliers supported the Technology sector and helped lift related indexes in early Monday trade. Continued weakness in major cryptocurrencies and pronounced moves in low‑priced equities produced ongoing idiosyncratic volatility across small‑cap and microcap segments.