Your daily review of the biggest winners & losers from the trading day, plus notable market-moving news.
Brent held above $100, GDP got revised down to near-nothing, and Wall Street closed out its third straight losing week with the Hormuz clock still ticking.
The Strait of Hormuz stayed shut, Brent crossed $100, and Wall Street had nowhere to hide... except for a few names that had very different news to trade on.
The biggest reserve release in history did not cool oil, but a giant and a surprise buyout gave the market something better to focus on.
A biotech beat, an industrial miss, and a market that still cannot shake the oil overhang.
Biotech stocks surged on major drug trial wins, a telehealth platform secured blockbuster weight-loss drugs, and one small-cap skyrocketed over 240%.
Oil crossed $90, the jobs market cracked, and two earnings standouts refused to go down with the ship.
