Major Averages Rise on Optimism for U.S.-Iran Peace Deal
The major averages closed higher, supported by optimism around a potential U.S.–Iran peace deal. Comments from President Donald Trump suggesting the conflict may be nearing an end further boosted investor sentiment. Of note, the Lebanese presidency said the country's president Joseph Aoun spoke with Trump, who then stated in a social media post that Lebanon and Israel have agreed to begin a 10-day ceasefire.Meanwhile, investors also have their eyes on another spate of earnings reports, including new prints from PepsiCo, TSMC, and Travelers along with a report due from Netflix later today.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:PepsiCoreportedand affirmed its FY26 financial outlookTSMCreported better-than-expectedTravelersreportedand raised its quarterly dividendHims & Herssharesafter Health and Human Services Secretary Robert F. Kennedy Jr. said the FDA is seeking to remove 12 peptides from Category 2 restrictionsMadison Airraised $2.23B in the2. WALL STREET CALLS:Oktato Outperform at Raymond JamesQualcommto Neutral at JPMorganFlywireto Buy at BTIGFlutter Entertainmentto Sell from Buy at CitiJetBlueto Buy at Seaport Research3. AROUND THE WEB:Paramount Skydanceconfirmed that the company will commit to a 45-day exclusive window for its movies to play in theaters, Variety reportsGoogleis negotiating a deal with the U.S. Department of Defense that would let the Pentagon deploy Gemini AI models in classified settings, reversing its previous stance, The Information saysBoeingis hiring 100 to 140 factory workers a week as the company looks to replace retirees and increase staffing to support higher production rates, Reuters saysCaterpillarhas acquired the assets of Monarch Tractor, TechCrunch saysRepsolhas signed an agreement with Venezuela and state-owned Petroleos de Venezuela to regain operational control of the Petroquiriquire asset, aiming to boost production significantly, WSJ reports4. MOVERS:Aehr Test Systemswas higher after reportingfrom a hyperscale AI customerNextNavgained after Oppenheimerthe stock to OutperformPolarisrose after saying it seeson guidance from recent tariff policy changesQuidelOrthowas lower afterJinkoSolardeclined in New York after5. EARNINGS/GUIDANCE:Abbottand cut its guidance for FY26Charles Schwab, with CEO Rick Wurster commenting, "Schwab's strong business momentum continued into 2026"ManpowerGroup, with EPS and revenue beating consensusOnto Innovationraised itsand provided guidance for Q2Wipro, with EPS in-line with consensusINDEXES:The Dow rose 115.00, or 0.24%, to 48,578.72, the Nasdaq gained 86.69, or 0.36%, to 24,102.70, and the S&P 500 advanced 18.33, or 0.26%, to 7,041.28.