EXPE News & Events

Stock futures are sharply higher with global markets posting their strongest gains in months. Markets are ripping higher in a relief rally as a geopolitical pivot has flipped sentiment. The announcement of a two-week ceasefire between the U.S., Iran and Israel before a key escalation deadline has triggered a broad risk-on move across global assets.Crude is down roughly 13%-17%, dropping back below $95 per barrel after briefly threatening much higher levels earlier this week. This is effectively reversing the inflation shock that had been tightening financial conditions throughout March and early April. Lower energy prices are easing pressure on consumers, corporates and central banks.Airlines, travel, and cyclicals are surging as fuel cost expectations collapse, while financials and tech are benefiting from falling yields and a weaker dollar. At the same time, energy stocks are under pressure, reflecting the unwind of the war premium that had built into crude. Now the pendulum has swung back toward disinflation and a more accommodative Fed path with rate-cut expectations creeping higher again into year-end.Notably, this rally is built on a temporary ceasefire and not a permanent resolution. The Strait of Hormuz is only partially reopening, and structural supply disruptions haven't fully cleared. Markets seem to be pricing in a best-case scenario again and any breakdown in talks could quickly reintroduce volatility.In pre-market trading, S&P 500 futures rose 2.68%, Nasdaq futures rose 3.52% and Dow futures rose 2.7%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Bed Bath & Beyondup 9% after signing a letter of intent to acquire the equity interests and substantially all assets of F9 Brands,UP AFTER EARNINGS -Delta Air Linesup 12%RPMup 10%Aehr Test Sytemsup 6%UP AFTER U.S.-IRAN CEASEFIRE -United Airlinesup 13%Southwestup 11%Carnivalup 10%Royal Caribbeanup 9%Norwegian Cruise Lineup 8%Expediaup 5%DOWN AFTER U.S.-IRAN CEASEFIRE -Occidentaldown 8%Diamondback Energydown 8%Exxon Mobildown 5%Chevrondown 5%LOWER -Shelldown 4% after posting lower-than-expected Q1 guidance citing increased uncertainty due to the conflict in the Middle East

The major averages closed mixed, with the S&P 500 and Nasdaq ending lower despite earlier gains, as oil prices keep rising amid continued conflict in the Middle East. Of note, President Trump said the U.S. is in "serious discussions" with Iran to end its military operations. However, he added that if a peace deal is not reached "shortly" and the Strait of Hormuz is not reopened, the U.S. will "conclude our lovely 'stay' in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!), which we have purposefully not yet 'touched.'" The comments came after the president stated that Tehran had accepted most of the U.S.'s 15-point plan to end the war.Additionally, Federal Reserve chair Jerome Powell said during a discussion at Harvard University that even with rising energy prices, he views inflation expectations as "well anchored beyond the short term." Powell added that he is "optimistic" about the medium- and long-run outlook for the U.S. economy and that the Fed is watching private credit "super carefully."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SyscoJetro Restaurant Depot for a total enterprise value of $29.1BUberglobal chauffeur service leader BlacklaneAuriniaKezar Life Sciencesfor $6.955 per share in cash plus a non-transferable contingent value rightTJX'sboard raised itsand said it plans $2.5B-$2.75B of share repurchases for FY27Apollois near a deal to acquire Atlantic Aviation from KKR,2. WALL STREET CALLS:CrowdStriketo Outperform from Peer Perform at Wolfe ResearchExpediato Buy from Hold at JefferiesInstacartto Buy from Hold at JefferiesDole, Nomad Foodsto Hold at Deutsche BankStarbuckswith an Underperform at BNP Paribas3. AROUND THE WEB:JetBluetold CNBC it is increasing bag fees amid soaring fuel pricesGeneral Motorsis moving to a six days per week production schedule at its Flint plant, Reuters saysBanks led by JPMorganare dealing with pushback related to the terms of a $7.2B debt deal to fund Clayton, Dubilier & Rice's takeover of Sealed Air, Bloomberg reportsYouTubeemployees have admitted their goal was "viewer addiction" and shut down proposed safety tools for kids since they did not provide a sufficient return on investment, NY Post saysAn analysis of billions of anonymized credit card transactions by consumer transaction analysis company Indagari indicates that Claude is seeing record growth in paid subscribers, with subscriptions more than doubling this year according to Anthropic, TechCrunch says4. MOVERS:Compass Diversifiedadvanced after announcing it willto Archer for $292.5MiQiyigained in New York afteron HKEXViridiandeclined after announcing results from itsFermiclosed lower afterBoston Scientificfell after Raymond Jamesits rating on the stock5. EARNINGS/GUIDANCE:Alaska AirprovidedUSA Rare Earth, with CEO Barbara Humpton commenting, "2025 was the year that USA Rare Earth set the foundation to execute our integrated rare earth growth strategy"Spirecut itsNeumora Therapeutics, with EPS missing consensusCBAK Energy Technology, with revenue higher year-over-yearINDEXES:The Dow rose 49.50, or 0.11%, to 45,216.14, the Nasdaq lost 153.72, or 0.73%, to 20,794.64, and the S&P 500 declined 25.13, or 0.39%, to 6,343.72.