WS #7804
No material new developments in the last 30 minutes. The dominant narrative remains the oil price drop from de-escalation of Strait of Hormuz tensions and Meta's restructuring, with no new data points to alter the outlook. Nvidia earnings remain the key upcoming event.
Key developments
- WTI crude falls 5% to below $100/bbl as Trump says Iran talks in 'final stages'
- Meta cutting ~8,000 jobs, moving 7,000 staff into AI groups, 2026 capex $125-145B
- Nvidia Q1 earnings after close; options imply 7% move
- Dark pool: $384M block in MU and $102.5M block in AMD
- Bloom Energy surges 10.9% on $2.6B Nebius fuel cell agreement