Major Averages Close Mixed as Bank of America and Morgan Stanley Beat Q1 Earnings
The major averages closed mixed as traders remain optimistic about a possible end to the U.S.-Iran war, particularly amid renewed signals that a new round of talks could resume within days as well as tentative reports of a ceasefire extension. This has kept oil capped below the recent highs and prevented another spike in inflation expectations, even though the broader conflict remains unresolved.Meanwhile, investors are weighing corporate earnings, with major lenders Bank of America and Morgan Stanley leading the way with Q1 beats.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Bank of Americaprovided areport for Q1Morgan Stanleyreported, with the company saying it is entering 2026 from a position of strengthBroadcomand Metaannounced an expanded partnership overBRPfollowing the recent amendment of Section 232 tariffs on steel, aluminum and copper imports into the U.S.ASMLreported ain Q1 earnings and revenue2. WALL STREET CALLS:Cloudflareto Overweight at Piper SandlerSolarEdgeto Sell at Goldman Sachs on challenging valuationCitiAdientto Buy, opened "90-day upside catalyst watch"Shift4 Paymentsto Peer Perform at Wolfe ResearchDA DavidsonSymboticto Buy on "unparalleled" AI tech moat3. AROUND THE WEB:A jury has found that Live Nationmonopolized the ticketing market, Bloomberg reportsSazerac offered to acquire Brown-Formanfor $32 per share, WSJ reportsAMD, Arm, and Qualcommare investing $60M in Wayve as an extension of its $1.2B Series D round, TechCrunch reportsStellantismulls carmaking deal with Dongfengin Europe, China, Bloomberg saysAnthropic has fielded multiple offers from VCs valuing the company at as much as $800B in recent weeks, Business Insider says4. MOVERS:Oklowas higher after announcingWebullgained after theto remove day-trading limit for investorsTempus AIincreased after announcing an expansion of itsTeraWulfwas lower afterDauchfell after TD Cowenits price target to $7 from $85. EARNINGS/GUIDANCE:Orionbacked itsM&T Bank, with Daryl Bible, M&T's CFO commenting, "M&T continued to produce strong operating results and return capital to its shareholders in the recent quarter"NOV Inc.and earnings guidance below prior guidanceSnapprovidedGloo, backed its guidance for Q1, and raised its outlook for FY26INDEXES:The Dow fell 72.27, or 0.15%, to 48,463.72, the Nasdaq gained 376.93, or 1.59%, to 24,016.02, and the S&P 500 advanced 55.57, or 0.80%, to 7,022.95.
