By Mackenzie Tatananni, George Glover, and Kit Norton

Stocks rose Friday and extended the recent relief rally as Iran declared the Strait of Hormuz fully open to commercial traffic for the duration of the cease-fire between Israel and Lebanon.

These stocks were making moves:

United Airlines and Royal Caribbean Group were leading the S&P 500 and were the top performers among a broad rally in travel stocks due to falling oil prices. United Airlines rose 9.6% and Royal Caribbean jumped 9.3%.

Dow Inc. sank 12%. The commodity chemicals maker was the worst performer in the S&P 500, falling on the prospects of an open Strait of Hormuz. Among oil stocks, APA fell 10%. Exxon Mobil and Chevron declined 5.2% and 4.2%, respectively.

Netflix slumped 9.5%, also making it one of the S&P 500's worst performers. The streaming giant reported solid first-quarter earnings but its guidance looked weak despite last month's price hikes. The company announced the departure of its co-founder and chairman, Reed Hastings, as he pivots to focus on philanthropy and other pursuits.

Advanced Micro Devices fell a fraction, putting the chip maker at risk of snapping a 12-session winning streak, its longest run of gains since 2005. Shares have risen 42% over the period, rallying on broader market optimism as well as a rebound in artificial-intelligence stocks.

Autoliv surged 8.5%. The automotive safety company, which makes airbags and seatbelts, backed its full-year outlook and said its fiscal first-quarter earnings were stronger than expected.

Albemarle fell 6.4% to $201.90. Shares of the lithium miner closed at $215.62 on Thursday, the highest level since July 2023. Baird analysts downgraded the stock to Neutral from Outperform with a $210 price target.

Alcoa sank 5.5% after the aluminum producer's first-quarter earnings and revenue fell short of analysts' expectations. The stock had gained 202% over the past 12 months through Thursday's close, boosted by the Trump administration's tariffs on imported aluminum and the Iran war disrupting shipping through the Strait of Hormuz.

Madison Air Solutions ticked up 1% to $32.02. Shares surged more than 17% in their trading debut Thursday. The company raised $2.2 billion in an initial public offering on Wednesday, making it the largest listing of 2026 to date.

State Street rose 2.6%. The asset manager posted better-than-expected adjusted earnings and revenue in the first quarter. State Street ended the period with $5.6 trillion in assets under management, up 20%.

Ally Financial climbed 4.7%. The online bank and auto lender swung to a profit and saw higher revenue in its latest quarter. Provision for credit losses, an expense set aside to cover expected losses from loans or credit that may default, rose by $276 million to $467 million.

Telefon AB L.M. Ericsson dropped 5.1% in U.S. trading after the Swedish telecommunications company missed Wall Street's sales target and reported that its gross profit margin fell over the first quarter.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

April 17, 2026 10:21 ET (14:21 GMT)

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