Rally on Pause with Peace Deal Uncertainty | Closing Bell

Summary

Bloomberg hosts discuss the stock market taking a pause after a 13-day rally, with attention on geopolitical uncertainty and rising oil prices. They highlight notable movers in rare earth and psychedelic drug stocks driven by company-specific news and an executive order. The show also covers several individual stock declines due to earnings, deal delays, and operational setbacks.

• Market rally pauses as S&P and Nasdaq dip amid geopolitical and earnings anticipation.
• Oil prices rise significantly, with WTI up 5.6% and Brent near $95 a barrel.
• Rare earth stocks USA Rare Earth and MP Materials rally on analyst upgrades and U.S. government support.
• Psychedelic drug stocks surge after an executive order expediting research and access.
• ASG Space Mobile falls after a Blue Origin rocket failure affects a satellite launch.
• American Airlines declines after denying merger talks with United Airlines.
• Cleveland-Cliffs drops on negative free cash flow and Middle East disruption impacting a potential deal.
• Jersey Mike's files for a confidential IPO, seeking a valuation of at least $12 billion.