Stock Movers Microsoft in Talks With Chevron; United Airlines Cut; Magnificent 7 Stocks Fall
Apr 2, 2026
Talks of a $7 billion natural-gas power plant to fuel a huge data center campus grab attention. Airline stocks face pressure after a price-target cut and rising jet-fuel worries. Big tech leaders slip, dragging futures lower amid geopolitical jitters. Satellite takeover chatter and cloud connectivity plans also stir the market.
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Oil Surge Lifts Energy Stocks Amid Geopolitical Risk
- Energy stocks rose as crude surged after President Trump's address promising an escalation in the Iran conflict.
- Emily Graffeo links Chevron and Exxon gains to oil moving higher amid uncertainty about a timeline for exit from the war.
Anticipate Airline Pressure From Rising Jet Fuel
- Expect airlines to underperform when jet fuel prices rise and geopolitical risk increases.
- Nathan Hager notes United Airlines fell about 4% and TD Cowen cut its price target to $120, worsening sentiment.
Magnificent Seven Amplify Market Downturns
- High-weighted growth names amplify market moves during risk-off episodes.
- Emily Graffeo points out all Magnificent Seven stocks were lower, dragging broader indices because traders lack clarity on the Iran exit.