West Texas Intermediate crude futures surged above $100 a barrel amid rising tensions in the Middle East, lifting SLB by more than 7%, Halliburton by 6%, APA and Diamondback Energy by roughly 5%, and Chevron by more than 2%. Cybersecurity stocks rallied, with CrowdStrike and Palo Alto Networks up about 6%, while Dollar Tree, Dollar General, and Ollie’s Bargain Outlet fell more than 5% after Wells Fargo warned that higher diesel prices could squeeze profits. SK Hynix jumped more than 4% after postponing a U.S. listing for its Solidigm memory business, while American Express dropped more than 3% after announcing plans to cut about 5% of its global workforce and book a $336 million restructuring charge. Norwegian Cruise Line, SS&C Technologies, and Deckers also declined on weaker outlooks, while SpaceX rose nearly 2% after PhillipCapital doubled its rating to buy, and Bloom Energy plunged about 12% following a report of negative free cash flow.
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