Closing Bell Movers: Futures bounce on Iran ceasefire; Levi Strauss up 6% on Q1

An 11th hour ceasefire just before President Trump’s 8:00pmET deadline for Iran to reopen the Strait of Hormuz has served up an offramp to Middle East tension that roiled the markets for over a month and upon which investors had been counting on over several recent winning sessions.  Following Trump’s announcement of the deal on Truth Social that the bombing of Iranian infrastructure would be suspended pending the “complete, immediate, and safe” opening of Strait of Hormuz, along with separate reports that Iranian officials have agreed to the ceasefire proposal brokered by Pakistan negotiators, S&P e-mini futures are up over 2% above 6,800, Nasdaq 100 futures are up 2.4% above 25,000, while WTI Crude Oil is down by nearly $20 below $92 per barrel.  The sharp rise in risk-appetite has also dented the U.S. Dollar and sent precious metals firmer, with Gold futures above 4,845 and Silver above $77 per ounce. 

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER EARNINGS –

• Skillsoft Corp. (SKIL) up 23.4%
• Phoenix Education Partners (PXED) up 9.2%
• Levi Strauss  (LEVI) up 7.3%

ALSO HIGHER –

• Airlines / Cruise Lines higher on Iran ceasefire news: Delta Airlines (DAL) up 4.9%, United Airlines (UAL) up 6.5%, American Airlines (AAL) up 5.6%, Southwest Airlines (LUV) up 5.1%, Royal Caribbean (RCL) up 4.2%, Carnival (CCL) up 6.5%, Viking Holdings (VIK) up 4.6%.  
• Nutanix (NTNX) up 2.2% after announcing increase to buyback

DOWN AFTER EARNINGS –

• Kura Sushi USA (KRUS) down 5.5%