Major Averages Broadly Higher at Noon, Oil Prices Rise Again
The major averages were broadly higher near noon, extending Monday's rebound, despite growing concern that the latest leg higher in crude could reintroduce inflation pressure and derail the recent stabilization in equities.Oil was trading higher once again following comments from President Trump on Monday, in which he suggested that a coalition to protect shipping along the Strait of Hormuz remains in the works, though he told reporters that some countries are "less than enthusiastic" about such plans. Meanwhile, investors continue to monitor further developments in Iran, particularly after Iran's security chief Ali Larijani was killed in airstrikes overnight, according to Israeli Defense Minister Israel Katz.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:NvidiaCEO Jensen Huang said he sees demand for Blackwell and Ruben revenue ofDelta Air Linessaid itin high-single digitsMasterCardfor up to $1.8BQualcommincreased its quarterly dividend and approved a newBoeingexpects itsto change to 47 per month around mid-year2. WALL STREET CALLS:Eli Lillyto Reduce from Hold at HSBCMorgan StanleyLemonadeto OverweightArgusDraftKingson prediction market competitionAlign Technologyto Overweight at BarclaysLi Autoto Neutral at Goldman Sachs3. AROUND THE WEB:Warner Bros. DiscoveryDavid Zaslav could receive more than $667.2M if his company is sold to Paramount Skydance, Bloomberg saysAlibabais planning to release an agentic AI service for companies, with an announcement for the product to be made as soon as this week, Bloomberg reportsActivist investor Jana Partners is calling for change at theme park operator Six Flags Entertainment, urging the company to explore a sale and immediately appoint a new head of its board of directors, according to a letter reviewed by ReutersBlue Owl Capitaltriggered the recent collapse of Century Capital Partners after discovering irregularities in its financial reporting and demanding repayment, FT reportsOpenAI on Friday signed a new contract with AmazonWeb Services to sell its AI to U.S. government employees for both classified and unclassified work, The Information says4. MOVERS:Adecoagrogains in New York after Morgan Stanleythe stock to Equal WeightOcugenincreases after Canaccordof the stock with a Buy ratingBabcock & Wilcoxhigher afterMicrovastlower in New York afterCytomX Therapeuticsfalls after announcing a5. EARNINGS/GUIDANCE:Tencent Musicwith EPS and revenue higher year-over-yearGDS Holdingsand provided guidance for FY26Academy Sportsand provided guidance for FY26, with CEO Steve Lawrence commenting on "an inflection point for Academy as we continued to gain market share and moved back to topline growth"Corporacion America Airport, with EPS and revenue beating consensusCencorafor FY26INDEXES:Near midday, the Dow was up 0.26%, or 120.57, to 47,066.98, the Nasdaq was up 0.32%, or 70.81, to 22,444.98, and the S&P 500 was up 0.34%, or 22.53, to 6,721.91.
