LUNR News & Events

Intuitive Machines is down -16.3%, or -$4.99 to $25.66.

Backtracking by President Trump regarding impending bombing of Iranian targets and the possible reversal of his threat to take over Kharg Island in a bid to control the country's oil industry soothed investor sentiment. Front-month WTI Crude Oil pulled back toward $85 - the lowest levels since mid-April - while Treasury yields saw a meaningful pullback, repricing inflation expectation, with added assistance from a notable rise in weekly jobless claims that dented a threat of a Fed rate hike. In equities, Basic Materials, Industrials, and Tech bounced sharply on renewed risk-on appetite while Energy and Consumer Staples underperformed.In the evening session, index futures remain bid, targeting a full reversal from two days of heavy selling. S&P e-minis are up 1%, Nasdaq 100 is up 1.1%, and Dow Industrials is up 0.8%. In metals, Gold and Silver are notably higher as US Dollar retreats. Among notable earnings, Adobewas down over 5% despite better than expected Q2 results and guidance raise, with the company warning that its strategic shift on freemium customers will also reduce the growth outlook for annualized recurring revenue in the second half of the year.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -RHup 10.8%ALSO HIGHER -Space exploration / infrastructure stocks higher following SpaceX IPO pricing; Iridium Communicationsup 2.1%, Rocket Labup 3.6%, AST SpaceMobileup 5.8%, Intuitive Machinesup 3.1%, Planet Labsup 3.6%, Redwireup 8.9%, Spire Globalis up 3.5%, Virgin Galacticup 13.1%, and BlackSkyis up 4.0%.FormFactorup 1.3% after being upgraded at B.RileyDOWN AFTER EARNINGS -Adobedown 5.8%Laser Photonicsdown 4.2%Lennardown 2.5%

S&P Dow Jones Indices (SPGI) conducted a consultation with market participants on potential changes to the S&P U.S. Indices Methodology and Dow Jones U.S. Total Stock Market Indices Methodology related to MegaCap companies. As part of proposed changes, the company proposed, "Initial public offerings should be traded on an eligible exchange for at least 12 months before being considered for addition to an index. Spin-offs or in-specie distributions from existing constituents are not required to have 12 months of trading prior to their inclusion in the S&P Composite 1500. Companies that migrate from an ineligible exchange, emerge from bankruptcy, are newly designated to be domiciled in the U.S. for index purposes by S&P Dow Jones Indices, or convert from an ineligible share or organizational type to an eligible type do not need to trade on an eligible U.S. exchange for 12 months before being considered for addition." Space stocks including Intuitive Machines (LUNR) and Rocket Lab (RKLB) were trading lower in after-hours following the news, as the proposal would deny SpaceX (SPCX) early inclusion.

The major averages closed broadly lower as investors digested stronger-than-expected employment data from ADP ahead of Friday's official nonfarm payrolls report. In central bank news, the Federal Reserve said in its Beige Book that economic activity inccreased at a "slight to moderate pace," adding that employment showed little to no change across eleven Fed Districts. Meanwhile, oil prices rose once again amid continued tensions in the Middle East.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Elon Musk's SpaceXis targeting a $75B IPO with a $135 per share price,Alphabetis upsizing itsto $84.75B and reported that its Gemini app has 900M monthly users as of MayPalo Alto Networksprovided areport for Q3GameStopreported a year-over-year increase in earnings and revenue andMacy'sprovided areport for Q12. WALL STREET CALLS:Yum! Brandsto Overweight at Morgan StanleyConcurrently, Morgan StanleyChipotleto Equal WeightOppenheimerAT&Tto Perform, sees broadband subscribers at riskBernsteinCampbell's, Conagra Brands, General Mills, and Kraft Heinzto UnderperformRaymond Jamescoverage of FedEx Freightwith an Outperform rating3. AROUND THE WEB:Disneyhas sold a significant portion of Super Bowl LXI ad inventory at around $8M per 30-second spot after initially seeking higher pricing, following advertiser pushback, Variety reportsMetalost its appeal against the EU's designation of Messenger as a "gatekeeper" under the Digital Markets Act, meaning it will remain subject to stricter regulatory obligations, Reuters saysStripe, Visa, and MasterCardare nearing the launch of a stablecoin platform, with Coinbasealso exploring participation, CoinDesk reportsNestleis buying out the founders of yfood Labs for an undisclosed sum, Bloomberg saysThe antitrust division of the New York Attorney General's office is investigating Compass'footprint in the New York market, The Real Deal reports4. MOVERS:Navitasgained afterits 800 V-to-6 V DC-DC power delivery board is being shown at Nvidia'sshowcaseMaxLinearincreased after announcing a collaboration withCognytefell in New York afterand providing guidance for FY27Mineralyswas lower after announcing it willdue to Tanabe Pharma Corporation related to lorundrostatIntuitive Machinesdeclined afterof common stock5. EARNINGS/GUIDANCE:Thor Industriesand cut its guidance for FY26Medtronic, with EPS in-line with consensusOllie's Bargain Outlet, with CEO Eric van der Valk "very pleased" with the first quarter resultsSprinklrand provided its outlook for Q2 and FY27Scotts Miracle-Grobacked itsINDEXES:The Dow fell 620.72, or 1.21%, to 50,687.07, the Nasdaq lost 239.92, or 0.89%, to 26,853.98, and the S&P 500 declined 56.10, or 0.74%, to 7,553.68.