Major Averages Close Higher as Oil Prices Rise 5%

The major averages closed higher despite the price of oil having gained roughly 5% as investors continue to monitor developments in the Middle East. While the U.S. and Iran ceasefire deal remains intact, cracks have emerged as ongoing military activity in Lebanon, disputes over compliance, and continued restrictions in the Strait of Hormuz are all raising doubts.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Meta Platformsand CoreWeaveannounced aAres ManagementWhitestone REITfor $1.7BConstellation Brandsreportedand provided its outlook for FY27Disneyis planning to make "sizable" layoffs for up to 1,000 positions,Amazonadvanced after awas seen as validating the company's potential with AI2. WALL STREET CALLS:Texas Instrumentsto Buy at StifelDatadogto Buy at GuggenheimInstacartto Outperform at Raymond JamesCircle Internetto Sell at Compass PointZscalerto Neutral at BTIG3. AROUND THE WEB:The U.S. Department of Justice has opened an investigation into the National Football League over alleged anticompetitive tactics, WSJ saysTeslahas contacted suppliers recently to discuss the details on developing a smaller, cheaper electric SUV, Reuters reportsRene Haas, CEO of chip designer Arm, is in line to lead much of the international business of parent company SoftBank, while retaining his current position at Arm, The Financial Times saysAI cloud company Nebiusis in talks to acquire Israeli AI company AI21 Labs after Nvidiapulled out of negotiations with the firm, The Information reportsSamsungis planning to invest $4B to construct a chip packaging plant in northern Vietnam as the company expands it footprint in the country, Bloomberg reports4. MOVERS:Staar Surgicalwas higher after Canaccord upgraded the stock to BuyInvivydincreased after announcing the discovery and advancement of a measles antibody candidate while also providing an update on itsAehr Test Systemsgained after entering into aStubHubwas lower after the company agreed to pay $10M to settleApplied Digitalfell after5. EARNINGS/GUIDANCE:Beyond MeatreportedSimply Good Foodsand provided guidance for Q3 and FY26BlackBerry, with EPS and revenue beating consensusOrthofixreportedand reaffirmed its guidance for FY26Neogenand raised its guidance for FY26INDEXES:The Dow rose 275.88, or 0.58%, to 48,185.80, the Nasdaq gained 187.42, or 0.83%, to 22,822.42, and the S&P 500 advanced 41.85, or 0.62%, to 6,824.66.