SaaS stocks down 21.5% vs S&P 500's 4.8% gain. PLTR shows 59.5% billings growth & 50.7% FCF margin.
X-Energy IPO prices at $23, above range, valuing it at $9.1B. Investors bet on SMRs despite $390M net loss.
Goldman Sachs estimates 57% of Gulf crude output was offline in April. A Hormuz reopening could restore most supply within months, but tanker shortages and well damage may slow recovery.
WERN's sales tumble 4.8%, EPS down 67.1%, trades at 45x P/E. SIGI's margins shrink, EPS lags. NTB's net interest income slows.
APLD inks $7.5B AI deal, boosting contracted revenue to $23B. Investors eye massive growth potential.
Asia crude imports on track for a 22% annual fall to a 10-year low in April as the Hormuz closure forces refinery run cuts. Diesel and jet fuel output losses seen at up to 2 million bpd.
PBOC sets USD/ CNY reference rate for today at 6.8674 (vs. estimate at 6.8400) PBOC CNY reference rate setting for the trading session ahead.
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