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Honeywell Aerospace Stock Rises to $168.60

Notable gainers among liquid option names this morning include Honeywell Aerospace Inc (HONA) $168.60 +5.49, Martin Marietta (MLM) $506.19 +14.95, Nucor (NUE) $262.06 +7.37, Reddit Inc (RDDT) $163.93 +4.57, and Steel Dynamics (STLD) $247.62 +6.87.

Trump Announces $15B Steel Factory Investment in Iowa

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.STEEL FACILITY:U.S. President Donald Trump is slated to announce plans for a $15B Mesabi Metallics steel factory in Iowa, Bloomberg's Monique Mulima reports. Publicly traded companies in the space include ArcelorMittal, Cleveland-Cliffs, Nucor, Steel Dynamicsand U.S. Steel.TAX RELIEF:The White House is weighing broader use of tax-exempt red-dyed diesel as an alternative to restricting exports, potentially reducing fuel costs for some buyers without directly addressing underlying supply constraints, while the administration continues to consider voluntary export limits amid record diesel prices, Reuters' Jarrett Renshaw and Nicole Jao. The Trump administration is looking for ways to bring down diesel prices without disrupting fuel supplies or creating additional costs elsewhere in the economy, the report says, adding that the administration has also been seeking voluntary commitments from major refiners to limit diesel exports. Publicly traded companies in the space include Valero, Phillips 66, and Marathon Petroleum.ARMY CONTRACT:Parsonsannounced that the company was selected by Army Contracting Command - Rock Island, in coordination with Air Force Civil Engineering Center to provide comprehensive Owner's Advisor support for the progressive design-build development of the U.S. Space Command's new headquarters at Redstone Arsenal in Huntsville, Alabama. The initial $85M agreement consists of a 75-month performance period and represents new work for the company and capitalizes on the synergies of Parsons' Federal Solutions and Critical Infrastructure portfolio. The agreement will oversee one of the Department of War's largest PDB initiatives to date and is one of the Air Force's first uses of an Owner's Advisor delivery approach and will set an example for future use of the Owner's Advisor delivery approach.DEFENSE LOGISTICS AGENCY:Metallusannounced that the U.S. Defense Logistics Agency, the logistics agency for the Department of War, has awarded the company an Indefinite Delivery/Indefinite Quantity contract to supply steel for critical defense applications. Under this single-award, firm-fixed-price IDIQ contract, the DLA may purchase material through delivery orders issued during the contract term. The contract has a five-year ordering period and a maximum ceiling of $995M. This ceiling represents the maximum amount the DLA may order over the contract term and is not a commitment to purchase that amount. On September 29, 2026, Metallus received an initial delivery order under the contract valued at approximately $125M. The company has up to 24 months to fulfill each delivery order.

Major Averages Decline as Oil Prices Come into Focus

The major averages had a down day to start the week, with oil prices in focus after President Donald Trump rejected conditions for a ceasefire presented by Iran. Meanwhile, Treasury yields continued to climb to multi-year highs amid expectations that higher energy prices could put further pressure on inflation and increase the likelihood of additional rate hikes.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiahas launched an agent safety platform following recent security incidents and authorized an additional $150B under its existing share repurchase programMongoDBCEO Chirantan Desai has left the company to take on the role as Meta'sEnterprise Platform OfficerBoeinghas discovered a glitch to the 737 MAX software that could cause its automated navigation feature to fail, WSJ reportsBrixmorand Everview Partners agreed to acquire Slate Grocery REITfor $2.34BJana Partners is pushing Fiservto more than double planned cost reductions, Reuters reports2. WALL STREET CALLS:Royal Caribbeanupgraded to Buy at both Deutsche Bank and BofARobloxdowngraded to Underperform at JefferiesPark Hotelsupgraded to Strong Buy from Market Perform at Raymond JamesPepsiCodowngraded to Hold from Buy at Deutsche BankSweetgreenupgraded to Overweight at Wells Fargo3. AROUND THE WEB:The White House is weighing broader use of tax-exempt red-dyed diesel as an alternative to restricting exports, Reuters reportsTrump is expected to announce a $15B Mesabi Metallics steel factory in Iowa, Bloomberg saysAirbusand Leonardoare investigating a coatings defect affecting about 500 A321neo jets, Reuters reportsFugazi Research said in a new research report that the firm considers Greenland Energy'sstock "uninvestable" at "any price above zero"A EUR 10.3B bid by BASFfor Evonikhas been rejected as too low to warrant negotiations, setting up a potential takeover battle as Evonik pursues restructuring and divestitures amid broader consolidation in Europe's challenged chemicals industry, FT reports4. MOVERS:Kodiak Sciencessurged after announcing its Phase 3 DAYBREAK study met its primary endpointsBurford Capitalincreased after issuing comments related to the patent matter between Apple and TactionGE Aerospaceslipped after Bloomberg reported the FAA intends to delay certification of Boeing's 737 Max 10 aircraft as it reviews a potential issue with software developed by GE AerospaceGold Fieldsfell in New York after announcing its offer was rejected by Northern Star Resources boardNubankwas lower in New York after Bloomberg reported the company is in talks to acquire Monzo Bank for GBP8B-GBP10B5. EARNINGS/GUIDANCE:Zymeworksprovided guidance for FY26NetSol Technologiesreported Q4 results, with EPS and revenue higher year-over-yearGray Mediaannounced its outlook for Q3Kandi Technologiesreported results for H1, with EPS and revenue higher year-over-yearVestisreaffirmed its guidance for FY26INDEXES:The Dow fell 347.11, or 0.67%, to 51,481.51, the Nasdaq lost 248.34, or 0.92%, to 26,820.38, and the S&P 500 declined 59.72, or 0.77%, to 7,683.69.