By Ed Ballard

The market is rallying on hopes of a resumption of energy flows from the Middle East. Here are a few of the stocks moving the most as some of the big moves of recent weeks start to unwind.

Going up:

Shares in Delta Air Lines $(DAL)$, United Airlines $(UAL)$ and Southwest Airlines $(LUV)$, which have been walloped by higher fuel prices, are surging premarket. Delta got a boost from some better-than-expected earnings.

Cruise operators have also been squeezed by higher fuel costs. Now, Royal Caribbean $(RCL)$, Carnival $(CCL)$ and Norwegian Cruise Line $(NCLH)$ are rebounding.

The prospect of an end to the war boosts hopes of more economic growth and lower interest rates. That is lifting bank stocks, particularly European names including UniCredit (IT:UCG) and BNP Paribas (FR:BNP).

Before the war, European industrial stocks were benefiting from a wave of spending on data centers and electrification. Today, Siemens Energy (XE:ENR) and Schneider Electric (FR:SU) are among Europe's biggest gainers as investors turn their attention back to long-term growth trends.

Going down:

Fossil-fuel stocks stand to benefit from higher oil prices. They're down across the board.

U.S. fertilizer suppliers including CF Industries $(CF)$, Mosaic $(MOS)$ and Nutrien $(NTR)$ are all down premarket after soaring in recent weeks as the war disrupted shipments from the Middle East.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 08, 2026 07:08 ET (11:08 GMT)

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