Major Averages Mixed at Noon as Markets React to U.S.-Iran Talks Progress
The major averages were mixed near noon as markets react to reports of potential progress in U.S.–Iran talks aimed at ending the conflict, with sentiment supported by President Trump's comments that negotiations were "proceeding nicely." However, uncertainty remains as the president also warned that military action remains possible if talks fail.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Eli LillyCurevo, LimmaTech Biologics, and Vaccine Company in deals worth up to $4B combinedBPsaid Albert Manifold has been removed as board chair followingAutoZonereportedChip stocks, including Micronand Qualcommare rising on hopes that easing geopolitical tensions around the Iran conflict could reduce supply-chain and risk-premium pressuresFerrariunveiled, a five-seat electric vehicle2. WALL STREET CALLS:Marvellto Buy at HSBC on "undervalued" optical interconnect strengthBooz Allento Buy at StifelNorthlandIntel, Astera Labsand Semtechto Market PerformBofAthe firm's price target on Appleto $380 from $330UBSthe firm's price target on Micronto $1,625 from $5353. AROUND THE WEB:Wixis preparing its largest-ever round of layoffs, with plans to cut about 1,000 jobs, or roughly 20% of its workforce, following weak earnings, a sharp stock decline, and mounting pressure on profitability, Calcalist reportsPrologisand the American Bureau of Shipping will be anchoring a $200M venture-capital, VC, fund betting on a U.S. revival in maritime and logistics, WSJ saysDelta Air Linestypically prides itself on not canceling flight, but recently, domestic-flight cancellation rates have been higher than industry average, WSJ reportsNvidiaCEO Jensen Huang has asked Super Micro Computerto tighten its compliance after Taiwan detained three people for allegedly making fraudulent declarations related to AI servers made by Nvidia, Bloomberg saysBHP Groupis pulling back on decarbonization projects in its Western Australian iron ore operations, Bloomberg reports4. MOVERS:ASP Isotopesgains after announcing it hasthe first 18 stages of its Silicon-28 enrichment facility located in Pretoria, South AfricaOusterincreases after entering awith ARGUS InterceptionSatellogichigher after securing anfor persistent earth observation monitoringCircle Internet (CRCL) falls after KeyBancof the stock with a Sector Weight ratingCosanlower in New York after HSBCthe stock to Reduce5. EARNINGS/GUIDANCE:VNET Groupand backed its guidance for FY26Champion Homeswith EPS and revenue beating consensusCSW Industrial, with CEO Jospeh Armes commenting, "I am pleased to report all-time record revenue and adjusted EBITDA for the fiscal Q4 and FY26"Uni-Fuelsand raised its guidance for FY26Dropboxand fiscal year 2026 financial results to be in-line with or above the guidance rangesINDEXES:Near midday, the Dow was down 0.25%, or 124.37, to 50,455.33, the Nasdaq was up 0.84%, or 220.48, to 26,564.45, and the S&P 500 was up 0.38%, or 28.40, to 7,501.87.
