FINWIRES · TerminalLIVE
FINWIRES

US Equity Markets End Higher Amid Gains in Tech, Communication, Industrial Stocks

By

-- US equity indexes closed higher on Thursday in a broad-based rally led by technology, communication services, and industrials despite ongoing geopolitical tensions.

* US President Donald Trump will hear about updated military options for Iran from Pentagon officials on Thursday, as a possible way of forcing Tehran into an agreement, CNN reported.

* Iran's new supreme leader gave a statement Thursday, vowing not to give up the country's nuclear or missile technologies and signaling Tehran would keep control of the Strait of Hormuz, Bloomberg reported.

* The US core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, rose to 3.2% year-on-year in March from 3%, meeting expectations.

* June West Texas Intermediate crude oil fell $1.82 to settle at $105.06 per barrel, while June Brent crude, the global benchmark, was last seen down $3.94 at $114.09.

* Qualcomm's (QCOM) shares were up roughly 14%, the biggest gainer on the S&P 500 and the Nasdaq, after the company posted better-than-expected fiscal Q2 adjusted earnings and revenue late Wednesday.

* Meta Platforms (META) was down nearly 8% after the company overnight raised its forecast for 2026 capital expenditures, despite a Q1 earnings and revenue beat.

Related Articles

Australia

Axos Financial Fiscal Q3 Earnings, Revenue Rise

Axos Financial (AX) reported fiscal Q3 earnings late Thursday of $1.90 per diluted share, up from $1.81 a year earlier.Analysts polled by FactSet expected $2.13.Revenue in the three months ended March 31 rose to $392.2 million from $308.8 million a year earlier.Analysts surveyed by FactSet expected $372.5 million.Axos shares fell 2.5% in after-hours trading.

$AX
Insider Trading

HBT Financial Insider Sold Shares Worth $455,416, According to a Recent SEC Filing

Fred L Drake, 10% Owner, Director, Executive Chairman, on April 28, 2026, sold 15,742 shares in HBT Financial (HBT) for $455,416. Following the Form 4 filing with the SEC, Drake has control over a total of 17,270,558 common shares of the company, with 14,343 shares held directly and 17,256,215 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/775215/000178953026000008/xslF345X05/wk-form4_1777581363.xml

$HBT
Mining & Metals

CN Says Union Pacific-Norfolk Southern Merger Fails To Address Competitive Harms

Canadian National Railway (CNR.TO, CNI) after the close Thursday said it is reviewing Union Pacific UNP) and Norfolk Southern's (NSC) amended merger application submitted to the Surface Transportation Board (STB) and will remain "actively engaged" in this process.According to a statement, the applicants have failed to "materially improve the amended application" in ways that address the competitive harms of the merger. They have not remedied the "significant competitive harms" posed by the merger, nor have they offered any meaningful competitive enhancements as required under the board's new rules, said CN, adding that "these failures should be fatal to the application"."Given the magnitude of this transaction, the board's authority to impose conditions that protect competition and the public interest must be paramount. If Union Pacific and Norfolk Southern have set a cost cap on the conditions they're willing to accept, that's their business decision and their risk. It is not a ceiling on the board's authority, and it doesn't limit what's required in the public interest," said Olivier Chouc, CN's chief legal officer.CN Rail shares closed up C$4.66 at C$152.57 on Toronto Stock Exchange.

$CNI$CNR.TO$NSC$UNP