Check out the companies making the biggest pre-market moves: Delta Air Lines — Shares rose 12%, helped by a plunge in oil prices after the U.S. agreed to a cease-fire. The company also reported better-than-expected results in the first quarter, but its second-quarter guidance was lower than analysts expected. Levi Strauss — The apparel company soared more than 9% after reporting first-quarter sales and profits. Levi’s says direct-to-consumer sales now account for half of its sales for the first time. The company also raised its full-year profit forecast. Energy stocks — Many companies fell as oil prices fell below $100 a barrel after the U.S. and Iran agreed to a two-week ceasefire that included the temporary reopening of the Strait of Hormuz. APA fell more than 9%. Occidental Petroleum and Diamondback Energy fell about 7%. Exxon Mobil fell more than 5.5% and Chevron fell nearly 4.5%. Travel stocks — Stocks rose as lower oil prices eased concerns about demand destruction from lower consumer spending and higher input costs. United Airlines rose more than 10%, and Southwest Airlines rose 9%. Among cruise lines, Carnival increased nearly 10%, while Norwegian Cruise Line and Royal Caribbean rose more than 9% and 7.5%, respectively. Online travel planning site Expedia rose nearly 5%. RPM International — The building materials company soared more than 10% after its fiscal third-quarter report showed higher earnings and sales. RPM also reaffirmed its outlook for mid-single-digit sales growth this quarter. NEWMONT — The gold mining company soared 6% as gold prices soared. The precious metal rose to its highest level in nearly three weeks, last up about 2%, as oil prices and the dollar fell due to the ceasefire between the United States and Iran. Memory stocks — Stocks soared as the stock market’s hottest group in 2026 rejoined Wednesday’s broad stock rally. Micron rose more than 9.5%, and SanDisk and Seagate Technologies both rose more than 8%. Western Digital rose more than 7%. Freeport-McMoRan — The mining company rose more than 6.5% as metal prices rose significantly. Copper, of which Freeport is one of the world’s biggest producers, soared more than 3% as concerns eased that demand for the industrial metal would weaken if global economic growth slowed due to the U.S.-Iranian war. SUPER MICROCOMPUTER — Shares rose more than 4.5% after the company said Tuesday that two independent members of its board of directors are investigating the indictment of an employee accused of smuggling Nvidia chips into China. SuperMicro said no timetable has been set for the investigation and it will not comment further until the investigation is complete. —CNBC’s Michelle Fox contributed reporting.
