Major Averages Broadly Higher to Close Q2
The major averages had a broadly higher day to close out the second quarter as traders continue to monitor oil prices amid tensions in the Middle East. Despite geopolitical tensions, an oil-price shock earlier in the quarter, and persistent inflation concerns, the major indexes still notched one of their strongest quarterly performances in years.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Patrick Industriesand LCI Industriesin an all-stock mergerDigital Realtyin three data centers from Blackstonefor $7.8BAeroVironmentreportedand provided upbeat FY27 guidanceThe U.S. Supreme Court will hear Apple'sappeal challenging a contempt ruling in its long-running App Store dispute with Epic Games,Amazon Web Services (AMZN) isto embed AI Forward Deployed Engineers with customers2. WALL STREET CALLS:Deutsche Bank and RosenblattComcastto BuyOppenheimerGoldman Sachsand Morgan Stanleyto UnderperformBofAOlinto Underperform from BuyBMOReplimuneon higher chances of FDA approvalPiperBlockwith $100 target after analyst transfer3. AROUND THE WEB:Boeingand the Society of Professional Engineering Employees in Aerospace will begin formal contract talks ahead of October labor agreement expirations, Reuters reportsWilliamsis in advanced talks to acquire Momentum Midstream for about $5.5B from EnCap Flatrock Midstream, Bloomberg reportsFerrariand BMWare releasing new models using lightweight aluminum wiring, shifting away from using copper, Reuters saysComponent and supplier lists, and photos of iPhone 18 Pro models, are among files a ransomware group stole from Apple'sIndian supplier Tata, Reuters reportsWaymo'srobotaxis are no longer available on Uber'sapp in Phoenix, Arizona, TechCrunch says4. MOVERS:Abivaxincreased in New York after announcing resultsAevexgained after securing aRezolve AIwas higher in New York after its board of directorsSable Offshorewas lower after announcing a $100M stock andNuvectis Pharmafell after5. EARNINGS/GUIDANCE:Concentrixand cut its guidance for FY26General Millstoon July 1FactSettoon July 1Progress Softwaretoon June 30MSC Industrialtoon July 1INDEXES:The Dow rose 136.46, or 0.26%, to 52,319.20, the Nasdaq gained 393.57, or 1.52%, to 26,213.72, and the S&P 500 advanced 58.93, or 0.79%, to 7,499.36.
