Aevex surged more than 11% after disputing a Bloomberg report that the U.S. Navy would no longer buy its GARC boat drones because of performance issues, while Lockheed Martin rose 3% after reporting better-than-expected quarterly results and raising its 2026 outlook. Spotify gained 5% on quarterly revenue guidance above forecasts and an 11% increase in monthly active users to 788 million, while energy stocks rallied as oil prices rose on renewed geopolitical concerns. Tesla fell 3% after beating consensus estimates for the quarter, posting adjusted earnings of 48 cents per share and revenue of $28.05 billion, whereas IBM dropped 5% and Meta slipped 2% despite revenue exceeding forecasts. Lam Research fell more than 7% after issuing slightly lower quarterly forecasts than expected, while QuantumScape surged 7% on plans for a 100 megawatt-hour solid-state battery production line for artificial intelligence data centers.
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