SpaceX Partners with Cursor in $60B Deal

The major averages had a mixed session, with the Dow hitting its fourth straight day of gains while the Nasdaq pulled back. Elon Musk's SpaceX continued to build on its massive post-IPO rally, climbing higher in the ranks of the biggest companies in the world in terms of market capitalization. Oil prices continue to drop, slipping below $80 per barrel. Meanwhile, investors are beginning to shift attention from geopolitical headlines toward tomorrow's Federal Reserve decision and commentary from new Fed Chair Kevin Warsh.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SpaceXwith Cursor in a deal valued at $60BYum! Brandsentered into agreements tofor $2.7B in the aggregateHuntsmanand Olinin an all-stock merger of equalsRobinhoodannounced aand will incur $10M of chargesGeneral Motorsis considering partnering with Lockheed Martinon weapons parts,2. WALL STREET CALLS:Exxon Mobilto Buy from Neutral at BofAWolfePalantirto Peer Perform after resuming coverageKilroy Realtyto Buy at BofA on AI-driven leasing momentumBTIGFannie Maeand Freddie Macon conservatorship release uncertaintyDomoto Hold from Buy at TD Cowen3. AROUND THE WEB:Rivianlaid off hundreds of employees on Tuesday, WSJ reportsNvidiaraised $25B in high-grade bonds, up from a $20B target, amid strong $85B investor demand, marking its first debt issuance since 2021 and reflecting intense appetite for AI-linked credit as proceeds are expected to be used for refinancing and other corporate purposes, Bloomberg saysBlackRockwill be eliminating 1% of its workforce, or about 200 employees, Bloomberg reportsJPMorganChase is planning for its digital bank to operate in at least five European countries within the next five years, FT reportsJehoshaphat Research is short Gildan Activewear, saying the company "got addicted to a growth narrative, and like many addicts it has done unsavory things to feed its addiction."4. MOVERS:Open Lendinggained after announcing itfor $3.15 per share in cashRackspaceincreased afterannouncing an agreement for the phased deployment of an initial 30 MW footprintLionsgate Studiosrose in New York after Semafor reported Netflixis interested inSnapwas lower after launching itsBraskemfell in New York afterthe company was named as a defendant in a criminal case over the ground subsidence in five neighborhoods of Maceio, a Brazilian state in Alagoas5. EARNINGS/GUIDANCE:SailPointreiterated itsVince Holdingand provided guidance for Q2 and FY26Wiley, with EPS and revenue beating consensusDave & Buster's, with EPS missing consensusDomoINDEXES:The Dow rose 328.64, or 0.64%, to 51,999.67, the Nasdaq lost 307.60, or 1.15%, to 26,376.34, and the S&P 500 declined 42.94, or 0.57%, to 7,511.35.