WS #9289

The dominant narrative is de-escalation in the Israel-Iran conflict, with multiple sources reporting that Iran has halted attacks on Israel and Pakistan PM Sharif urging restraint. This counters the prevailing bearish war-risk thesis and is likely to weigh on oil prices and safe-haven assets. Separately, a major AI infrastructure deal between Amazon and Corning (GLW) for optical fiber to power data centers is a high-significance positive for GLW and AMZN, reinforcing the AI buildout theme. Additionally, reports that Google and Nvidia are considering Intel as a backup chip manufacturer are driving INTC premarket gains, signaling potential shifts in the semiconductor supply chain. The SpaceX IPO is also generating buzz, with potential implications for space-related stocks and broader market sentiment. The overall market tone is cautiously optimistic, with S&P 500 futures up 0.6% after Friday's selloff, but the de-escalation in the Middle East is the key macro driver.