S&P 500, Nasdaq 100, Russell 2000 Smash Records As Hormuz Reopens: What's Moving Markets Friday?

U.S. stock markets surged to all-time highs on Friday following Iran's announcement to reopen the Strait of Hormuz for commercial vessels. Crude oil prices crashed over 10%, easing stagflation concerns. The S&P 500, Nasdaq 100, and Russell 2000 all hit record highs, with the Nasdaq extending its winning streak to 13 sessions. Airlines and travel stocks rallied on lower fuel costs, while energy and chemical stocks declined sharply due to plummeting oil prices.

04/17/2026, 1:05 PM • Benzinga

ESAB Targets $5 Billion TAM Growth Through Eddyfi Buyout

ESAB Corporation announced the acquisition of Canada-based Eddyfi Technologies for $1.45 billion to expand its total addressable market by approximately $5 billion. The deal, expected to close mid-2026, will create a comprehensive workflow solution spanning fabrication, inspection and monitoring. Eddyfi is projected to generate $270 million in revenue and $80 million in adjusted EBITDA in 2026, with $20 million in anticipated synergies. However, ESAB shares declined 7.84% following the announcement, and FY26 EPS guidance came in below consensus expectations.

02/02/2026, 1:27 PM • Benzinga

ESAB (ESAB) Q2 Revenue Jumps 6%

ESAB reported Q2 2025 revenue of $715.6 million, exceeding analyst estimates. The company saw strong performance in EMEA and Asia-Pacific regions, while experiencing volume declines in the Americas. Management raised full-year guidance and continues to focus on strategic acquisitions and gas control segment growth.

08/06/2025, 7:18 PM • The Motley Fool