The stock market dropped on Thursday as weakness in software stocks combined with a sharp rise in oil prices. Ongoing U.S.–Iran tensions and uncertainty surrounding the Strait of Hormuz continued to weigh on investor sentiment.
Overall, S&P 500 fell 0.4% to 7,108, while NASDAQ slid 0.9% to 24,439.
Chart of the Day
Here is the one-year chart of CrowdStrike (CRWD) as of March 11, 2026, when the stock was at $442.
Falcon Flex is a flexible plan that lets customers choose and expand multiple security tools as they need, and last quarter, it grew over 120% year over year, adding more than 350 new customers for a total of 1,600+ Flex customers and an average account Annual Recurring Revenue of over $1 million.
Meanwhile, Charlotte is CrowdStrike’s AI powered agent that helps security teams detect and stop threats faster. Its usage grew over 6x year over year.
These products are popular because Flex makes it easy to adopt new tool without complicated contracts, while Charlotte makes security faster and smarter for companies dealing with AI and cyber threats.
In last quarter’s earnings call, management said AI is weaponizing adversaries to attack with increased speed, sophistication, and precision in the Middle East.
CRWD is part of the Growth Portfolio.
