Memory stocks climbed on Wall Street following the successful IPO of CXMT in Shanghai, with its shares surging more than 466%. The energy sector declined after the U.S. and Iran agreed to a ceasefire, pushing ExxonMobil, Chevron and several oil producers down 2 to 4%. Forte Biosciences jumped 39% after Argenx announced its acquisition for $2.2 billion, or $77 per share. Baker Hughes rose 2.2% in premarket after reporting better-than-expected quarterly results and confirming its full-year guidance. D-Wave Quantum’s partnership with AT&T to bolster AI capabilities boosted quantum stocks, with gains ranging from 4 to 7%.
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