Business · Sherwood News
Stocks rise as risk-on traders are hopeful for a peace agreement
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This past weekend’s failed talks did little to dampen optimism.
Key facts
- Charter, which owns Spectrum, reported adjusted earnings of $9.17 per share, below Wall Street estimates of $9.96 per share from analysts polled by FactSet
- JPMorgan Chase dropped after cutting full-year net interest income guidance to $103 billion from $104.5 billion
- Wells Fargo dipped after disclosing $36 billion of private credit exposure, and net interest income missed estimates by 1%
- Nvidia, the world’s most valuable company, is poised to close at a record high for the first time since October 29, 2025, on Friday (if it ends above $207.04)
Summary
Stocks surged as the market took a definitively risk-on stance, driving each of the S&P 500, Nasdaq 100, and Russell 2000 higher as Iran appeared not to escalate after President Trump’s blockade order and the US and Iran could reportedly resume peace talks as early as this week. Traders piled into retail favorites and drove crypto higher as bitcoin surged. IonQ ripped higher after disclosing new contracts and hitting benchmark milestones, and quantum stocks D-Wave Quantum, Rigetti Computing, and Quantum Computing rose as well. Bloom Energy spiked after massively expanding its partnership to supply power to Oracle. Globalstar gained after Amazon struck a deal to acquire it for about $11.6 billion as it looks to take on SpaceX ’ s Starlink, while AST SpaceMobile dipped on the news.