S&P Erases Losses Since Iran War Began | Closing Bell

Summary

The video covers the U.S. market close, with the S&P 500 rallying to erase losses since the Iran war began. Hosts discuss earnings season, geopolitical risks, and individual stock movers driven by news like acquisition rumors and earnings reports. They also touch on supply chain issues affecting companies like Toto and Bill Ackman's IPO plans.

• S&P 500 gains 1%, recouping losses since Iran war began.
• Russell 2000 outperforms, up 1.4%.
• Earnings season underway with Goldman Sachs reporting mixed results.
• Dell and HP rally on acquisition rumor, later denied by Nvidia.
• Oracle surges 12.7% on new AI utilities offering.
• Polypeptide attracts private equity interest.
• Fastenal and ConAgra among worst performers due to earnings and CEO change.
• Toto suspends orders due to material shortage from Iran war.