Dow, S&P 500, Nasdaq rise after Trump remarks on ending war with Hormuz closed

🚀 Why Virgin Galactic shares are trading higher by 6%

Shares of Virgin Galactic Holdings Inc rose sharply in pre-market trading after the company reported financial results for the fourth quarter.

Virgin Galactic reported fourth-quarter revenue of $312,000, missing estimates of $495,000, according to Benzinga Pro.

The aerospace and space travel company reported a fourth-quarter loss of 98 cents per share, beating estimates for a loss of $1.05 per share.

Virgin Galactic said it’s progressing on support testing of its second SpaceShip, which is expected to enter service late in the fourth quarter to early in the first quarter.

Virgin Galactic shares jumped 6% to $2.30 in pre-market trading. Benzinga reports.


🚢 Scorpio Tankers surges as momentum score skyrockets as STNG expands fleet strategy

Scorpio Tankers Inc. shares surged as the stock’s momentum score skyrocketed from a low 9.3 to a robust 74.79 on a week-over-week basis.

On Monday, Scorpio Tankers agreed to sell two 2015-built scrubber-fitted MR product tankers, STI Brooklyn and STI Black Hawk, for $35 million each, with the sale expected to close in Q2 2026. Benzinga reports.


📡 Top 3 tech and telecom stocks you'll regret missing in March

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term.

An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Benzinga reports.


🛍️ Why PDD shares rallied even after a mediocre earnings report

For years, e-commerce company PDD Holdings, known for its rock-bottom prices, sold investors on scale and speed: more users, more merchants, more orders, more growth.

But as it matures, the company has shifted that formula to something slower and less glamorous, better merchant relations, deeper supply chains, wider logistics coverage and a more compliant global business.

That may help to explain why the market looked past the company's latest quarterly report issued last week, which looked a bit messy.

Rather than panic, investors sent the stock up as much as nearly 10% the day of the announcement.

That suggests they saw the Temu owner less as a company in breakdown, and more as one trying to evolve from a bruising stretch of domestic competition and mounting regulatory pressure at home and abroad. Benzinga reports.


🏭 Iran’s attacks on Gulf aluminum plants threaten supply crisis

Iran’s strikes on Persian Gulf aluminum plants are threatening to send a fragile market into crisis, raising the prospect of record prices for the metal used in everything from airplanes to food packaging and solar panels.

Aluminum futures on the London Metal Exchange have jumped almost 6% since two major producers confirmed attacks by Iranian drones and missiles over the weekend.

The Middle East accounts for about 9% of global production, but its impact is being amplified because constraints on output elsewhere have eroded inventories, leaving the market with little buffer to cushion any shocks. Yahoo Finance reports.

Time (ET)/ Report/ Period

9:00 AM - S&P Case-Shiller home price index (20 cities) - Jan.
9:45 AM - Chicago Business Barometer (PMI) - March
10:00 AM - Job openings - Feb.

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