SNPS News & Events

The major averages were sharply higher near noon after President Donald Trump said the U.S. and Iran have held talks and that he was ceasing plans to attack Iranian power plants and energy infrastructure. Of note, however, AP reported that two Iranian semi-official news agencies close to the paramilitary Revolutionary Guard claim that there have been no such negotiations. Following Trump's comments, oil prices are sharply pulling back, while shares of airlines and cruise lines are advancing.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Elon Musk plans to start his Terafab project, which will be run by Teslaand SpaceX, in Austin, Texas,U.S. Senators have introduced a bill aiming to ban sports bets on prediction markets,Activist investor Elliot Management has built a stake in Synopsys,Palantir'sMaven AI system will be adopted by the Pentagon as a core military system,Despite Trump's claims of productive talks with Iran, two Iranian semi-official news agencies close to the paramilitary Revolutionary Guard claimed that there had been no such negotiations,2. WALL STREET CALLS:MongoDBto Outperform from Neutral at MizuhoRaymond JamesAeroVironmentafter share underperformanceValvolineto Buy at StifelMacquarieXPengwith 2026 volume growth "no guarantee"William Blaira handful of names in infrastructure software, including Backblaze, N-able, GitLaband Dropboxto Underperform3. AROUND THE WEB:Sonyis close to a deal to sell a majority stake in its home entertainment business to Chinese rival TCL Electronicsin a deal that may be valued at about $1B, Bloomberg reportsUnited Airlinesplans to cut additional unprofitable flights over the next two quarters as it braces for sustained high jet fuel prices tied to the Iran war, despite strong travel demand and higher fares, Reuters saysMP MaterialsCEO James Litinsky has repositioned the company as a key U.S. rare earths supplier amid rising geopolitical tensions and Chinese export restrictions following tariffs imposed by Donald Trump in 2025, CBS News reportsA former Metaexecutive will lead the ad push at OpenAI, WSJ reportsAn Air Canada Expressflight operated by Jazz Aviation LP collided with a fire truck shortly after landing at LaGuardia Airport, killing both pilots among the 76 people on board, Bloomberg reports4. MOVERS:Apogee Therapeuticsgains afterfrom Phase A of its Phase 2 APEX trial of zumilokibartTeraWulfincreases after Areteof the stock with a Buy ratingTower Semiconductorhigher in New York after demonstrating a 400 Gbps/lane dataEquinorlower in New York after acquiring the ready to buildonshore wind complex from VestasPG&Efalls after Jefferiesthe stock to Hold5. EARNINGS/GUIDANCE:Talphera, with EPS higher year-over-yearOndasand provided guidance for FY26 and Q1Solo BrandsCabaletta Bio, with EPS beating consensusChina Petroleum and Chemical, with EPS and revenue lower year-over-yearINDEXES:Near midday, the Dow was up 1.61%, or 733.01, to 46,309.99, the Nasdaq was up 1.40%, or 302.85, to 21,950.46, and the S&P 500 was up 1.31%, or 85.22, to 6,591.70.

Stock futures are higher this morning. Stocks came into the session under heavy pressure after global equities slid to four-month lows, reacting to an 80% surge in oil prices this year and the growing risk of supply disruptions through the Strait of Hormuz.However, oil prices are pulling back, the major averages are jumping, and shares of airlines and cruiselines are up in pre-market trading in the wake of President Trump's message that the U.S. and Iran had "very good and productive conversations" regarding a "complete resolution of hostilities".In pre-market trading, S&P 500 futures rose 1.93%, Nasdaq futures rose 2.04% and Dow futures rose 2.11%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Apogee Therapeuticsup 16% after announcing a 52-week maintenance data from Part A of the Phase 2 APEX clinical trial of zumilokibartFlutter Entertainmentand DraftKingsup 9% and 6%, respectively, after The Wall Street JournalU.S. senators have introduced legislation that will prohibit entities regulated by the Commodity Futures Trading Commission from listing contracts related to sporting eventsSynopsysup 3% after WSJ reports that activist investor Elliot Management has built a multibillion-dollar investment in Synopsys and plans to push the company to make more money from its software and servicesSolo Brandsup 1o% after introducing FY26 guidance ahead of its investor dayDOWN AFTER OIL PRICE DECLINE-Occidentaldown 4%BPdown 3%ConocoPhillipsdown 2%Exxon Mobildown 2%TotalEnergiesdown 1%EOG Resourcesdown 1%Chevrondown 1%Shelldown 1%LOWER -Gossamer Biodown 5% after Cantor Fitzgerald downgraded the stock to Neutral without a price targetN-abledown 5% after William Blair double downgraded shares to Underperform from Outperform without a price target