Overview

• Investors drove the S&P 500 up 1% as doubts grew that Iran’s retaliation for U.S. airstrikes would significantly disrupt oil supplies.
• Tesla’s launch of a limited Model Y robotaxi service in Austin, Texas, propelled its shares up 8.2% after CEO Elon Musk touted the debut.
• Northern Trust’s stock jumped 8% following reports that Bank of New York Mellon approached the firm about a potential merger.
• Super Micro Computer fell nearly 10% after unveiling plans to raise $2 billion through convertible notes to bolster its balance sheet.
• Chipmaker Wolfspeed filed for Chapter 11 bankruptcy to restructure its debt with key lenders.