BIIB News & Events

The major averages closed sharply higher and the Dow rallied above 50,000 for the first time in a rebound from several days of sharp losses, even as Amazon tumbled after its earnings report and spending forecast. Wall Street appears to be reassessing worries about AI disruption as well as the risks of major investments in the space by big tech.Looking to commodities, gold was on the rise amid continued volatility, while oil prices were also higher.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Amazonreportedand said it expects to invest $200B in capital expenditures in 2026Stellantissaid a reset of its business resulted in, with the company also announcing plans to sell its 49% equity stake in NextStar Energy and the suspension of its annual dividendRedditreportedand provided upbeat Q1 revenue guidanceMolina Healthcarereportedand provided its outlook for FY26The Department of Justice is investigating Netflix'sbusiness practices as part of a review of he company's proposed acquisition of Warner Bros. Discovery'sstudios and HBO Max streaming service,2. WALL STREET CALLS:Amazonto Neutral from Buy at DA DavidsonFreedom CapitalRobloxto Buy on valuation, better-than-expected outlookRokuto Outperform at OppenheimerGemini Space Stationto In Line at Evercore ISIHub Groupto Sell at Stifel and downgraded to Neutral at Baird3. AROUND THE WEB:Hellman & Friedman is in talks to acquire Bill, Bloomberg reportsWilliamsis looking to buy natural gas production assets, Reuters reportsAppleCEO Tim Cook told employees an all-hands meeting with staff on Thursday that he's "deeply distraught" with the current U.S. approach to immigration and will continue pressing the issue with lawmakers, Bloomberg reportsTSMCplans to make advanced 3-nanometer chips in Japan, upgrading its original blueprint to produce 7nm chips, Bloomberg reportsHP, Dell, Acer, and Asus are considering sourcing memory chips from Chinese chipmakers, Nikkei Asia says4. MOVERS:SunOptagains after announcing itfor $6.50 per share in cashStrategyand Billincrease afterGalaxy Digitalincreases after announcing aDoximityfalls afterand announcing its CFO will take a leave of absenceRibbon Communicationsand Impinjlower after5. EARNINGS/GUIDANCE:AerCap, with EPS and revenue beating consensusUnder Armourand raised its guidance for FY26Philip Morris, with CEO Jacek Olczak commenting on "another remarkable year of results"Toyota Motorand raised its guidance for FY26Biogen, with EPS and revenue beating consensusINDEXES:The Dow rose 1,206.95, or 2.47%, to 50,115.67, the Nasdaq gained 490.63, or 2.18%, to 23,031.21, and the S&P 500 advanced 133.90, or 1.97%, to 6,932.30.

The major averages were sharply higher near noon in a rebound from several days of sharp losses even as Amazon slides. Wall Street appears to be reassessing worries about AI disruption as well as the risks of major investments in the space by big tech.Looking to commodities, gold was on the rise amid continued volatility, while oil prices were also higher.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Amazonreportedand said it expects to invest $200B in capital expenditures in 2026Stellantissaid a reset of its business resulted in, with the company also announcing plans to sell its 49% equity stake in NextStar Energy and the suspension of its annual dividendRedditreportedand provided upbeat Q1 revenue guidanceMolina Healthcarereportedand provided its outlook for FY26Hims & Herswas slipping after FDA commissioner Marty Makary warned againsta day after the company announced a $49 monthly starting price for a copy of Wegovy2. WALL STREET CALLS:Amazonto Neutral from Buy at DA DavidsonFreedom CapitalRobloxto Buy on valuation, better-than-expected outlookRokuto Outperform at OppenheimerGemini Space Stationto In Line at Evercore ISIHub Groupto Sell at Stifel and downgraded to Neutral at Baird3. AROUND THE WEB:AppleCEO Tim Cook told employees an all-hands meeting with staff on Thursday that he's "deeply distraught" with the current U.S. approach to immigration and will continue pressing the issue with lawmakers, Bloomberg reportsSnowboarder Maddie Mastro and other athletes are using a new AI tool powered by GoogleDeepMind's computer vision models to prepare for the 2026 Winter Olympics, WSJ saysTSMCplans to make advanced 3-nanometer chips in Japan, upgrading its original blueprint to produce 7nm chips, Bloomberg reportsHP, Dell, Acer, and Asus are considering sourcing memory chips from Chinese chipmakers, Nikkei Asia saysArm HoldingsCEO Rene Haas believes fears about AI hurting software companies are a "micro-hysteria" that has triggered a market sell-off and exceeds the reality of how businesses are using the tools, FT reports4. MOVERS:SunOptagains after announcing it willfor $6.50 per share in cashStrategyand Billincrease afterGalaxy Digitalincreases after announcing aDoximityfalls afterand announcing its CFO will take a leave of absenceRibbon Communicationsand Impinjlower after5. EARNINGS/GUIDANCEAerCap, with EPS and revenue beating consensusUnder Armourand raised its guidance for FY26Philip Morris, with CEO Jacek Olczak commenting on "another remarkable year of results"Toyota Motorand raised its guidance for FY26Biogen, with EPS and revenue beating consensusINDEXES:Near midday, the Dow was up 1.98%, or 966.95, to 49,875.67, the Nasdaq was up 1.62%, or 365.75, to 22,906.34, and the S&P 500 was up 1.51%, or 102.36, to 6,900.76.

Futures have shown modest gains as traders step in to bargain shop following sharp losses in major tech stocks and broader equity weakness in recent sessions. However, there remains deepening investor skepticism about heavy capital expenditures on artificial intelligence and cloud infrastructure without near-term profit clarity, especially after Amazon's after-hours selloff tied to higher 2026 capex plans, which reverberated through the sector. Despite some rebound in select software names, the broader tech indices remain on track for steep weekly declines.Meanwhile, more defensive and cyclical sectors were relatively resilient as market participants rotated away from high-beta growth themes. In commodities, crude oil softened on dollar strength and signs of easing geopolitical tensions, while precious metals and industrial commodities experienced volatility linked to changing risk appetite.In pre-market trading, S&P 500 futures rose 0.54%, Nasdaq futures rose 0.63% and Dow futures rose 0.52%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Robloxup 9%Redditup 8%Fortinetup 3%Under Armourup 2%Biogenup 1%AutoNationup 1%DOWN AFTER EARNINGS -Molina Healthcaredown 32%Amazondown 8%Centenedown 4%Philip Morrisdown 2%LOWER -Hims & Hersdown 5% after FDA commissioner Marty Makary said the FDA will be taking action against companies producing "illegal copycat drugs" claiming to be similar to FDA-approved products