UK Markets close in 1 hr 5 mins

Stocks jump as Trump backs off imminent Syria strike

Stocks popping here as Trump backs off his Syria threats. Plus, is Amazon’s HQ2 location reveal getting closer? We have the latest report. And Spotify and Hulu are teaming up for a big deal. Will this bring more subscribers on board? Plus, we’ve got a new new feature for you: This week in Trumponomics. What score does the Donald get? We check the Yahoo Finance Trump-o-meter to find out. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland and Rick Newman.

Winners and losers

Stocks in the red include Bed Bath & Beyond, with shares getting crushed as the housewares retailer reported an earnings beat, though comp sales were down year over year; Bristol-Myers Squibb on the heels of a note from Citigroup that Pfizer chief Ian Read has ‘no interest’ in acquiring BMY because it’s ‘not worth the price;’ and L Brands, with shares dropping despite March comp sales rising 4%, plus weakness at its Victoria’s Secret PINK sub-brand has investors concerned.

Stocks in the green include Delta Airlines as the airline beat on earnings but reported costs were higher thanks to a jump in fuel prices; Snap as Barclays advises adding shares ahead of Q1 earnings, citing revenue upside; and Costco on the rise as it reported a jump in March sales of over 10%, with e-commerce soaring over 33%.