WS #13317
Markets are rallying on US-Iran de-escalation hopes, with Trump claiming talks will start Monday (though Iran denies) and oil prices plunging ~7% on OPEC+ output hike. Amazon crossed $3 trillion market cap, and Microsoft is surging on AI optimism. ISM Manufacturing beat expectations, but construction spending slipped. Crypto remains weak with Bitcoin below $60k and regulatory uncertainty. Key earnings tonight: Palantir, Snap, ON Semiconductor, and others.
Topics
Key developments
- Trump claims Iran talks start Monday, Iran denies; oil prices plunge ~7%
- Amazon surpasses $3 trillion market cap, AWS growth accelerates
- ISM Manufacturing PMI beats at 55.6, but construction spending slips
- Bernstein warns crypto could fall further if Clarity Act stalls
- Morgan Stanley downgrades Circle Internet to underweight, cuts PT to $38
- Visa to acquire BioCatch for $2.4B to bolster fraud detection
- ServiceNow surges after CEO dismisses 'SaaSpocalypse' fears
- Microsoft options show aggressive call buying, stock up 26% in 3 days