IDN News & Events

The major averages closed broadly lower, with the S&P down over 1.5% and the Nasdaq falling over 2%, as investors continue to digest the Federal Reserve's more cautious stance on rate cuts while weighing ongoing volatility in energy markets. Traders continue to monitor the U.S.-Iran war, as Iran and Israel exchanged strikes overnight. Meanwhile, the Wall Street Journal reported that the Pentagon is sending thousands of extra Marines to the Middle East. Amid the continuing attacks, U.S. benchmark oil prices advanced again back near $100 per barrel.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:FedExprovided areport for Q3U.S. prosecutors indicted Super Microco-founder Wally Liaw and two others forNvidiachips to ChinaUnileveris in talks to separate its food business and combine it with McCormick,Nexstarhasof TegnaEcolabCoolIT Systems from KKRfor $4.75B in cash2. WALL STREET CALLS:Armto Buy at HSBC amid AI transitionOppenheimerFigsto Outperform on expectations for "sustained recovery"Chipotleto Outperform from Neutral at MizuhoMosaicto Neutral at BofA and to Sell at Freedom CapitalMagnum Ice Creamto Sell at Goldman Sachs3. AROUND THE WEB:Netflixand Warner Musichave reached a documentary partnership agreement, Deadline reportsKalshi's valuation hit $22B in an ongoing funding round, WSJ reportsNvidiaplans to sell 1M GPUs to Amazonby the end of 2027, Reuters reportsUBS'national bank charter has been approved by U.S. regulators, WSJ saysMetais reducing its reliance on outside content moderators, Bloomberg says4. MOVERS:Torridhigher afterand providing upbeat FY26 guidanceScholasticrises after reportingXPengfalls in New York afterFiscalNotelower afterand announcing it will lay off 25% of its staffFlowcoslips after its 7.8M5. EARNINGS/GUIDANCE:Milestone PharmaceuticalsreportedGemini Space StationreportedBitFuFureported a year-over-yearOndasprovidedIntellicheckreportedINDEXES:The Dow fell 443.96, or 0.96%, to 45,577.47, the Nasdaq lost 443.08, or 2.01%, to 21,647.61, and the S&P 500 declined 100.01, or 1.51%, to 6,506.48.

The major averages were broadly lower once again near noon as investors continue to digest the Federal Reserve's more cautious stance on rate cuts while weighing ongoing volatility in energy markets. Traders also continue to monitor the U.S.-Iran war, as Iran and Israel exchanged strikes overnight. Meanwhile, the Wall Street Journal reported that the Pentagon is sending thousands of extra Marines to the Middle East. Amid the continuing attacks, U.S. benchmark oil prices were higher, though still below $100 per barrel.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:FedExprovided areport for Q3U.S. prosecutors indicted Super Microco-founder Wally Liaw and two others forNvidiachips to ChinaUnileveris in talks to separate its food business and combine it with McCormick,Nexstarhasof TegnaEcolabCoolIT Systems from KKRfor $4.75B in cash2. WALL STREET CALLS:Armto Buy at HSBC amid AI transitionOppenheimerFigsto Outperform on expectations for "sustained recovery"Chipotleto Outperform from Neutral at MizuhoMosaicto Neutral at BofA and to Sell at Freedom CapitalMagnum Ice Creamto Sell at Goldman Sachs3. AROUND THE WEB:Kalshi's valuation hit $22B in an ongoing funding round, WSJ reportsNvidiaplans to sell 1M GPUs to Amazonby the end of 2027, Reuters reportsUBS'national bank charter has been approved by U.S. regulators, WSJ saysAmazon is developing a smartphone built around Alexa, Reuters saysMetais reducing its reliance on outside content moderators, Bloomberg says4. MOVERS:Torridhigher afterand providing upbeat FY26 guidanceScholasticrises after reportingXPengfalls in New York afterFiscalNotelower afterand announcing it will lay off 25% of its staffFlowcoslips after its5. EARNINGS/GUIDANCE:Milestone PharmaceuticalsreportedGemini Space StationreportedBitFuFureported a year-over-yearOndasprovidedand FY25IntellicheckreportedINDEXES:Near midday, the Dow was down 0.53%, or 244.36, to 45,777.07, the Nasdaq was down 1.10%, or 243.87, to 21,846.82, and the S&P 500 was down 0.78%, or 51.28, to 6,555.21.

U.S. equity markets pared their losses late in the day on Thursday following comments from Israeli PM Netanyahu that the war "will end much faster than people think" with  ground operation is being considered, along with his expressed willingness to help the U.S. reopen the Strait of Hormuz.  S&P 500 bounced from its early session lows below 6,560 to close the day north of the 6,600 level, and the rebound is holding into the evening session.  In the opening hour of the evening trade,  S&P 500 e-minis and the Nasdaq 100 contracts are up 0.3%.  In commodities, WTI Crude Oil is down notably on the developments, sliding 2% below $94 per barrel, while precious metals bounce from Thursday's steep declines.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Torrid Holdingsup 21.6%Intellicheckup 16.3%Scholasticup 9.9%FedExup 9.2%, United Parcel Serviceup 1.6% in sympathyYork Space Systemsup 8.6%Firefly Aerospaceup 7.2%United States Antimonyup 3.7%LOWER -Super Micro Computerdown 8.8% on export control violation reports as board member charged with smuggling Nvidiachips to ChinaFlowco Holdingsdown 8.0% after equity offering

Intellicheck up 17% at $5.60 after Q4 results