U.S. Offers Iran 15-Point Peace Plan, Oil Prices Drop
The major averages were broadly higher near noon following reports that the U.S. has provided a plan to Iran to bring the war to an end, which sent oil prices lower. The Associated Press reported that Iran was given a 15-point proposal from the U.S. to end the conflict, though media have reported that the two sides remain very far apart and attacks from both sides have continued.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:MerckTerns Pharmaceuticalsfor $53 per share in cashElon Musk's SpaceX will file an IPO prospectus as soon as this week or next,Armexpectsfrom its chips unit in five yearsChewyreportedand provided its outlook for Q1 and FY26Beretta willfor 20.05% of Sturm Rugershares2. WALL STREET CALLS:Armto Outperform from Market Perform at Raymond JamesWolfeGeneral Motorson underappreciated potential tailwindsWedbushRezoluteas worst case scenario seems unlikely for cHIMondelezto Neutral from Buy at Rothschild & Co RedburnEVgowith Neutral from Overweight at JPMorgan3. AROUND THE WEB:Finland has suspended a plan to move its election platform to Amazon Web Services, opting to remain on domestic servers through the 2027 general election, Bloomberg reportsSK Hynixplans to spend about $8B on cutting-edge EUV lithography chipmaking tools from ASMLthrough 2027, Bloomberg saysClear Secureapp downloads have surged, with passengers downloading the app 289,000 times since the beginning of March, as travelers face long TSA lines amid a partial government shutdown, WSJ reportsInteland AMDhave each told customers they plan to raise prices across their entire CPU product lines starting in March and April, Nikkei reportsMeta Platformswill lay off "a few hundred people" across the company on Wednesday, The Information says4. MOVERS:Sareptaincreases after announcingfrom Phase 1/2 ascending dose studies of SRP-1001 and SRP-1003Brazegains afterand authorizing a stock repurchase program of up to $100MApogee Therapeuticshigher after announcing aMaze Therapeuticslower afterand announcing data from its Phase 2 HORIZON trialAdma Biologicsfalls after addressing the5. EARNINGS/GUIDANCE:Paychexand reaffirmed its guidance for FY26EDAP TMSand backed its guidance for FY26Cognytewith EPS beating consensusCintasand raised its guidance for FY26QT Imagingand reaffirmed guidance for FY26INDEXES:Near midday, the Dow was up 0.62%, or 287.95, to 46,412.01, the Nasdaq was up 0.80%, or 173.04, to 21,934.94, and the S&P 500 was up 0.59%, or 38.91, to 6,595.28.
