Things to know before we start the day

GSAT jumps 9.5% on ceasefire hopes, but its 50% 5% moves/yr show high risk. VSAT +4.7%, PSTG +4.9%.

Oil prices tumble on de-escalation hopes, but March saw a 50% surge amid Iran conflict.

Oil stocks like MGY, EQT, HP drop 3% on de-escalation news. HP's 15.8% YTD gain faces profit-taking.

Trump reiterated that US objectives in Iran are largely met but offered no new detail on Hormuz or next steps. Markets turned mildly risk-off, with the dollar firmer, equities softer and oil higher as geopolitical uncertainty persists.

TD SYNNEX hits new highs, up 19.1% YTD. AI stocks trade high, but one AI app firm is cheap.

Gas prices hit $4/gallon, impacting drivers & potentially Iran war's effect on oil.

Oil prices drop 2% on de-escalation news. Energy stocks like CRC, XPRO, RES, HPK, NBR fall. NBR down 7.8%, still up 43.3% YTD.