Averages Consolidate, While Hormuz Concerns Lift Oil & Yields

After a relatively weak open, technology initially stabilized the market. Sandisk (SNDK -6.8%) and Western Digital (WDC -13%) opened sharply lower after their earnings reports, but the sector recovered in early morning trade and helped provide support for the broader market. Stocks then drifted lower as an intraday surge in oil prices and bond yields…