WS #13593
No material new developments in the last 30 minutes. The dominant narrative remains the potential US-Iran de-escalation and reopening of the Strait of Hormuz, with no new data points or counter-signals emerging. Earnings-driven idiosyncratic moves continue but no new surprises have surfaced.
Topics
Key developments
- Iran and Oman reach preliminary agreement on Hormuz shipping corridors, but Iran seeks to bar US/Israeli ships
- Cloudflare surges 16% after raising annual forecasts on AI-driven demand
- The Trade Desk plunges 28% on weak Q3 guidance; multiple analysts cut price targets
- Meta ordered to pay additional $567M in New Mexico child safety case, total $942M
- Under Armour cuts FY2027 revenue outlook, shares fall 6% premarket
- Saudi Arabia, Turkey, and Pakistan sign joint defense pact amid regional turmoil
- US investigates Chinese AI firms' offshore access to Nvidia chips