US Market Preview | OMEX Up 148%; Iran Ceasefire - Stocks, Gold Rally, Oil Dives; SpaceX-Tesla Merger Buzz Grows; DAL Surges 12% After Earnings
Odyssey Marine Exploration, Inc. OMEX | 0.00 | |
Quince Therapeutics, Inc. QNCX | 0.00 | |
Beasley Broadcast Group, Inc. Class A BBGI | 0.00 | |
U Power Limited Class A UCAR | 0.00 | |
PMGC Holdings Inc. ELAB | 0.00 |
Most Important News
- Dow Surges: Futures jump over one thousand points.
- Oil Tumbles: Crude prices fall over fourteen%.
- Iran agrees to open Hormuz waterway.
- Alibaba Stock Surges on AI Model Success.
U.S. stock futures jumped Wednesday after President Donald Trump said he was suspending Iran attacks for two weeks just ahead of his 8 p.m. ET deadline, pausing a five-week conflict that closed a crucial waterway for global energy supply and sent equity prices reeling.
As of 08:15 EST (or 3:15 PM in Riyadh), futures tied to the Dow Jones Industrial Average rose by 1284 points, or 2.74%. S&P 500 futures added 2.79%, and Nasdaq 100 futures climbed 3.57%.
West Texas Intermediate crude futures tumbled more than 16% to $94.41 a barrel following Trump’s declaration. International benchmark Brent for June delivery lost more than 14% to $93.67 per barrel.
As of 03:15 PM Riyadh Time, top pre-market movements are as follows:
Change | Price($) | Ticker (🌙 means "Shariah Compliant") |
147.7% | 2.06 | Odyssey Marine Exploration, Inc.(OMEX.US) |
106.1% | 0.34 | 🌙 Quince Therapeutics, Inc.(QNCX.US) |
63.4% | 5.13 | Beasley Broadcast Group, Inc. Class A(BBGI.US) |
62.9% | 0.9 | U Power Limited Class A(UCAR.US) |
35.4% | 4.67 | 🌙 PMGC Holdings Inc.(ELAB.US) |
-61.7% | 0.15 | Captivision Inc.(CAPT.US) |
-42.1% | 0.41 | WM Technology, Inc. Class A(MAPS.US) |
-28.0% | 0.43 | 🌙 Cuprina Holdings (Cayman) Limited Class A(CUPR.US) |
US Stocks Surge on US-Iran Ceasefire
US stock index futures jumped over 2% as a US-Iran ceasefire eased supply fears, sending oil prices down 13.7%. Energy stocks like Exxon Mobil Corporation(XOM.US) fell, while airlines and cruise operators rallied on lower fuel costs.
Gold, Silver Soar on Iran Ceasefire
Gold and silver prices surged to three-week highs after a US-Iran ceasefire agreement sent the dollar and oil prices plunging, boosting demand for safe-haven assets.
China's Central Bank Buys Gold Amid War Dip
The People's Bank of China purchased its largest gold volume in over a year in March, providing key market support as prices fell due to the Middle East conflict.
Markets Rally on US-Iran Ceasefire News
Global markets surged after a two-week US-Iran ceasefire announcement, sending oil below US$100 and boosting stocks, bonds, and the yen while pressuring the dollar and energy shares.
Fed Governor Sees Labor Market Stabilizing
Federal Reserve Governor Jefferson stated the US labor market may be showing signs of stabilizing after a period of cooling that lasted for most of the past year.
US Electricity Demand to Hit Record Highs
The US Energy Information Administration forecasts US electricity consumption will set consecutive annual records through 2027, driven by rising demand from data centers and industrial activity.
SpaceX-Tesla Merger Buzz Grows
Investors and analysts are actively debating the potential merger of SpaceX and Tesla Motors, Inc.(TSLA.US) , following Elon Musk's previous surprise consolidation of SpaceX and xAI.
Alibaba Stock Surges on AI Model Success
Alibaba Group Holding Ltd. Sponsored ADR(BABA.US) Hong Kong shares surged nearly 8% after its Qianwen 3.6 Plus AI model topped a global usage chart and its mysterious "Happy Horse" model also reached a top global ranking.
Intel Joins Musk's Chip Venture Terafab
Intel Corporation(INTC.US) has unexpectedly joined Elon Musk's high-risk Terafab project, which develops semiconductors for Tesla, SpaceX, and xAI, marking a new chapter in Intel's recovery.
Stellantis, Leapmotor Eye Opel EV SUV
STELLANTIS (STLA.US) is in talks with Leapmotor to jointly develop an Opel-branded electric SUV using Leapmotor's technology, with production planned at a Stellantis plant in Spain.
Pony.ai, Uber Launch Robotaxis in Zagreb
Pony AI Inc.(PONY.US) , Uber Technologies,Inc.(UBER.US) , and Verne have launched Europe's first commercial robotaxi service in Zagreb, Croatia, marking a major step for autonomous ride-hailing on the continent.
NuScale Power Schedules Q1 2026 Earnings Call
NuScale Power Corporation Class A(SMR.US) has scheduled its first-quarter 2026 earnings conference call for May 7, 2026. The webcast details are available on the company's investor relations page.
Delta's Q2 Profit Forecast Misses Estimates
Delta Air Lines, Inc.(DAL.US) projects second-quarter adjusted earnings per share between US$1.00 and US$1.50, falling short of the US$2.28 consensus estimate from analysts.
Aehr Test Systems Beats EPS, Misses Revenue
Aehr Test Systems(AEHR.US) reported a non-GAAP EPS loss of US$0.05, beating estimates by US$0.02, but its revenue of US$10.31M missed expectations by US$0.54M.
Beasley's Q4 Loss Widens on Impairment Charge
Beasley Broadcast Group, Inc. Class A(BBGI.US) reported a Q4 net loss of US$190.1 million, widened by a US$224.8 million FCC license impairment charge. Revenue fell 21.1% to US$53.1 million, though digital revenue grew 9.7%.
| Time | Event | Previous Value | Forecast Value |
| 12:50 AM | Fed Jefferson Speech | ||
| 2:00 PM | MBA 30-Year Mortgage Rate APR/03 | 6.57% | |
| 5:30 PM | EIA Crude Oil Stocks Change APR/03 | 5.451M | |
| 5:30 PM | EIA Gasoline Stocks Change APR/03 | -0.585M | |
| 8:05 PM | Fed Daly Speech | ||
| 9:00 PM | FOMC Minutes |