Stocks Jump Amid Iran Conflict De-Escalation, Fed Reassurance: A Closer Look at Polaris, Callaway Golf, Compass, Sphere Entertainment, and Viking

Several stocks, including Polaris, Callaway Golf Company, Compass, Sphere Entertainment, and Viking, surged in the morning session as investors hoped for a de-escalation of the conflict in Iran and reassurance from the Federal Reserve on interest rates. The stocks jumped 3.3-3.9% as Treasury Secretary Scott Bessent commented on reopening the Strait of Hormuz and Federal Reserve Chair Jerome Powell stated that inflation appears to be under control.