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Major Averages Surge at Noon, Nasdaq Up 1.34%
The major averages were sharply higher near noon as Treasury yields pulled back after Federal Reserve Governor Christopher Waller said he would be "inclined to support" maintaining interest rates where they are, barring any major development from upcoming inflation data.Meanwhile, geopolitical tensions in the Middle East remain, as the war between the U.S. and Iran featured new attacks around the Persian Gulf, pushing crude prices higher. Oil prices were up about 1% near noon.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:NvidiaHugging Face for $12.9BBroadcomreportedand provided its outlook for Q4 and FY27HP Enterpriseprovided areport for Q3Snowflakealso provided areport for Q2Campbell'sreportedand reduced its quarterly dividend2. WALL STREET CALLS:Modernato Sell from Neutral at Rothschild & Co RedburnBroadcomto Outperform at MacquarieUltragenyxby at least seven firms after Angelman syndrome study missEnvistato Overweight at JPMorganPG&Eto Hold at Truist3. AROUND THE WEB:Amazonis projecting that it could deliver nine out of every 10 U.S. packages through its own delivery network by 2029, Business Insider reportsSamsung Life is seeking to acquire a 15% stake in Principal Financial, Korea Economic Daily saysActivist Elliott Investment Management has built a "sizeable" stake in Deutsche Telekomand is said to oppose a potential merger of the German telecommunications giant with its American unit, T-Mobile, Bloomberg saysGlobal companies including Volkswagen, Tesla, Nokiaand Amazonhave named businesses blacklisted by western authorities as potentially present in their supply chains, FT reportsThe Trump administration implemented tariffs of up to 100% on drones as it seeks to hinder the Chinese drone industry and bolster domestic manufacturing, NY Times says4. MOVERS:Currence Capitalgains in New York afterwith Mint Incorporationto support the issuer-sponsored tokenizationGalaxy Digitalincreases after Morgan Stanleyon the stock to $48Cienalower after, providing guidance for Q4, and raising its outlook for FY26Trip.comfalls in New York after HSBCthe stock to HoldFluence Energydeclines after Barclaysthe stock to Underweight5. EARNINGS/GUIDANCE:Tyson Foodsfor FY26Toro Companiesand raised its outlook for FY26Land's End (LE)and provided guidance for Q3 and FY26Wileyand reaffirmed its outlook for FY27Victoria's Secretand raised its outlook for FY26, with CEO Hillary Super calling it "another strong quarter"INDEXES:Near midday, the Dow was up 608.57, or 1.15%, to 53,670.52, the Nasdaq was up 351.36, or 1.34%, to 26,569.18, and the S&P 500 was up 75.35,or 0.98%, to 7,741.95.
Major Averages Broadly Lower as Bond Market Pressure Increases
The major averages were broadly lower as investors assess renewed pressure in the bond market and higher oil prices.The 30-year Treasury yield has climbed back above 5.2%, near its highest level in roughly two decades, as investors worry about rising government debt and persistent inflation pressures. The Treasury moved to double its purchases of longer-dated government bonds, helping yields pull back from their recent highs, although the move does not address the underlying fiscal concerns driving the selloff.Oil is adding to the inflation concerns, with Brent crude rising for a fifth consecutive session as tensions surrounding Iran and the Strait of Hormuz remain unresolved. President Donald Trump vowed "economic warfare" on Iran and penalties for its supporters, as the United Arab Emirates reported it was ceasing trade with Tehran.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Walmartprovided areport for Q2Alibabareportedbut upbeat revenueDeerereportedand narrowed its FY26 net income guidancePresident Donald Trump asked Congress to pass the Clarity Act, arguing the legislation is a top priority for the industry and is critical to keeping the U.S.'s edge in emerging technologies,Anthropic anticipates matching or even surpassing the size of SpaceX'srecord-setting IPO as plans for the AI firm's public debt pick up speed,2. WALL STREET CALLS:BofAEtsyto Buy from NeutralSeaport ResearchAnalog Devicesto Buy from NeutralRBCMerckon 'unprecedented valuation' after vaccine dataAllstateto Underperform from Market Perform at Keefe BruyetteCitiCactusto Neutral on valuation after rally3. AROUND THE WEB:The NFL's Atlanta Falcons are in talks to sell a 10% interest in the team to KKR'sArctos Partners, Bloomberg reportsVirtu Financialis considering a sale of its agency brokerage and technology division, Bloomberg saysYouTubeis offering millions of dollars to popular channels on its platform if they upload videos exclusively to the site for a period of time, Bloomberg reportsOpenAI CFO Sara Friar told employees that the AI lab "will be a public company in 2027," CNBC reportsAustralia recently passed legislation that would force tech giants, including Meta, Google, TikTok, and Microsoft'sLinkedIn, to pay millions if they don't enter commercial deals with local media outlets for news on their platforms, Reuters reports4. MOVERS:Bitdeerincreased in New York after Barclayscoverage of the stock with an Overweight ratingAndersen Groupgained after announcing aWebullwas higher after, with EPS higher year-over-yearCotyfell after RBC Capitalthe stock to Sector Perform following Q4 resultsFluence Energywas lower after GLJ Researchthe stock to Hold5. EARNINGS/GUIDANCE:Advance Auto Partsand raised its outlook for FY26LSI Industries, with EPS and revenue beating consensusTicketplus, with EPS and revenue higher year-over-yearNetEase, with EPS missing consensusNavios Maritime Partners, with EPS and revenue beating consensusINDEXES:The Dow fell 703.84, or 1.32%, to 52,759.21, the Nasdaq lost 263.92, or 1.00%, to 26,067.17, and the S&P 500 declined 66.82, or 0.87%, to 7,641.16.
Major Averages Decline Amid Bond Market Pressure and Rising Oil Prices
The major averages were broadly lower near noon as investors assess renewed pressure in the bond market and higher oil prices.The 30-year Treasury yield has climbed back above 5.2%, near its highest level in roughly two decades, as investors worry about rising government debt and persistent inflation pressures. The Treasury moved to double its purchases of longer-dated government bonds, helping yields pull back from their recent highs, although the move does not address the underlying fiscal concerns driving the selloff.Oil is adding to the inflation concerns, with Brent crude rising for a fifth consecutive session as tensions surrounding Iran and the Strait of Hormuz remain unresolved. President Donald Trump vowed "economic warfare" on Iran and penalties for its supporters, as the United Arab Emirates reported it was ceasing trade with Tehran.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Walmartprovided areport for Q2Alibabareportedbut upbeat revenueDeerereportedand narrowed its FY26 net income guidanceNordsonprovided areport for Q3President Donald Trump asked Congress to pass the Clarity Act, arguing the legislation is a top priority for the industry and is critical to keeping the U.S.'s edge in emerging technologies,2. WALL STREET CALLS:BofAEtsy (ETSY) to Buy from NeutralSeaport ResearchAnalog Devicesto Buy from NeutralRBCMerckon 'unprecedented valuation' after vaccine dataAllstateto Underperform from Market Perform at Keefe BruyetteCitiCactusto Neutral on valuation after rally3. AROUND THE WEB:Virtu Financialis considering a sale of its agency brokerage and technology division, Bloomberg saysYouTubeis offering millions of dollars to popular channels on its platform if they upload videos exclusively to the site for a period of time, Bloomberg reportsOpenAI CFO Sara Friar told employees that the AI lab "will be a public company in 2027," CNBC reportsSeveral women working at L3Harris Technologieshad raised concerns of CEO Chris Kubasik's behavior, including a formal complain to human resources made around 2023 accusing Kubasik of sexual harassment, WSJ reportsAustralia recently passed legislation that would force tech giants, including Meta, Google, TikTok, and Microsoft'sLinkedIn, to pay millions if they don't enter commercial deals with local media outlets for news on their platforms, Reuters reports4. MOVERS:Bitdeerincreases in New York after Barclaysof the stock with an Overweight ratingAndersen Groupgains after announcing aWebull (BULL) higher after, with EPS higher year-over-yearCotyfalls after RBC Capitalthe stock to Sector Perform following Q4 resultsFluence Energylower after GLJ Researchthe stock to Hold5. EARNINGS/GUIDANCE:Advance Auto Partsand raised its outlook for FY26LSI Industries, with EPS and revenue beating consensusTicketplus (TP), with EPS and revenue higher year-over-yearNetEase, with EPS missing consensusNavios Maritime Partners (NMM), with EPS and revenue beating consensusINDEXES:Near midday, the Dow was down 454.85, or 0.85%, to 53,008.20, the Nasdaq was down 259.13, or 0.98%, to 26,071.96, and the S&P 500 was down 34.07, or 0.44%, to 7,673.91.
Company Expects Project Deliveries Delayed to Fiscal 2027, Adjusted EBITDA Guidance at -$10 Million
Consensus is $3.35B. The Company now expects that $400.0 million in project deliveries will be delayed into fiscal 2027 due to production issues at a new international contract manufacturing facility and construction related delays that affected the completion and start-up of a new U.S. contract manufacturing facility. Sees adjusted EBITDA of approximately ($30.0) million to $10.0 million, with a midpoint of approximately ($10.0) million compared to prior guidance of approximately $40.0 million to $60.0 million with a midpoint of $50.0 million. This reduction reflects the reduced revenue outlook and an approximately $15 million upfront cost associated with a planned agreement for long-term international battery supply. Sees annual recurring revenue of approximately $180.0 million by the end of fiscal year 2026, which is unchanged.
Fluence Energy Partners with Avantus for 200 MW Energy Storage Solution
Fluence Energy announced an agreement with Avantus to provide its advanced Smartstack energy storage solution and turnkey Engineering, Procurement, and Construction services for the Rexford 2 project. Located in Tulare County, California, Rexford 2 will include a 200 MW / 800 MWh battery energy storage system paired with a solar facility. Once operational, the project is expected to deliver firm, on-demand capacity to the California grid, enough to power 84,000 Southern California homes with clean, reliable energy. Fluence will deploy its 4-hour duration Smartstack system incorporating U.S. domestic content. The system will utilize Fluence's network of partner manufacturing facilities in states including Utah, South Carolina, and Texas, where key components such as battery cells, modules, enclosures, and thermal management systems are produced. By drawing on this U.S.-based manufacturing network, the project will support the continued advancement of domestically produced energy storage technology.
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