FM Global Named to Financial Times List of Americas' Fastest-Growing Companies

• SpaceX confidentially filed for a U.S. initial public offering on Wednesday, April 2, 2026, signaling major movement toward going public. • The aerospace company is targeting a $1.75 trillion valuation in the IPO, reflecting investor confidence in the commercial space sector. • The filing comes as Elon Musk's companies face increased market scrutiny, with analyst focus expected to intensify on SpaceX developments.

• The US stock market has risen 16% over the past year with earnings forecasted to grow 15% annually, though the market remained flat in the past week, creating opportunities for value-focused investors. • Analysis identified 10 top undervalued stocks trading at approximately 49% discounts to their estimated fair values, including Vertex (49.8% discount), Nutanix (49.9% discount), and Roku (49.4% discount) based on cash flow assessments. • Stocks like Uranium Energy (49.2% discount), iRhythm Holdings (48.8% discount), and BillionToOne (49.5% discount) also appeared significantly undervalued, suggesting potential growth opportunities despite broader market volatility.

• US stock markets experienced sharp volatility in March 2026, with equities approaching correction territory before a month-end rally as oil prices surged significantly, driven by geopolitical events shaping the economic outlook. • Energy emerged as the strongest-performing sector, driving value stocks to materially outperform growth peers, while bond markets showed less stability than expected as inflation concerns contributed to higher rate volatility. • Despite market weakness and narrowing leadership, corporate profit expectations remained resilient with consensus earnings forecasts pointing to healthy growth in 2026, suggesting the selloff was driven by valuation reassessment rather than earnings deterioration.

• Blue Owl Capital investors requested $5.4 billion in redemptions from two private credit funds amid accelerating outflows in the financial services sector. • The fund manager reversed its policy by capping redemptions at 5% to manage liquidity pressures effectively. • This development highlights rising concerns over private credit market stability amid broader economic uncertainties.

• US stocks closed Q1 2026 attempting a rebound from the year's deepest downturn, with S&P 500 marking a second straight down month. • Geopolitics and soaring oil prices dominated sentiment, boosting energy as the sole positive sector while industrials weakened most. • Spot crude rallied 55.2% in March, the second-largest monthly gain in 40 years, lifting energy stocks significantly.

• CoreWeave, Inc. (CRWV) shares jumped 12% after securing an $8.5 billion loan to scale its AI infrastructure. • The financing strengthens investor confidence in CoreWeave's expansion plans amid booming demand for AI computing power. • This deal highlights growing capital inflows into AI-focused firms, potentially accelerating sector growth in 2026.

• Energy stocks like Exxon Mobil, Occidental Petroleum, and Valero Energy topped S&P 500 performers for the month and quarter due to oil prices exceeding $100 per barrel. • Exxon Mobil recorded its largest quarterly gain, benefiting from sustained high crude demand. • Sector strength highlights vulnerability of broader market to geopolitical risks and inflation.

• Eli Lilly announced the acquisition of Centessa Pharmaceuticals, a company developing treatments for excessive daytime sleepiness and neurological conditions, in a deal valued at up to $7.8 billion if certain conditions are met. • Centessa shares soared 44% on the news, while Lilly's stock rose 3.7%, helping offset broader market pressures from companies like McCormick. • The deal highlights Big Pharma's aggressive push into neuroscience amid rising demand for sleep disorder therapies, potentially boosting Lilly's pipeline.

• Nike's stock tumbled 13.1% after the company reported better-than-expected quarterly profits but issued weak financial forecasts. • Investors reacted negatively to cautious guidance amid softening consumer demand and competitive pressures in apparel. • The drop underscores broader concerns in consumer discretionary stocks, impacting sector sentiment on Wall Street.

• S&P 500 rises 1.12% or 71 points, with SPDR S&P 500 ETF (SPY) up 0.91% or $5.78, on March 31, 2026, amid news President Trump may end the war. • Dow Jones climbs 1.14% or 512 points, Nasdaq advances 1.09% or 252 points, as futures explode on the development. • Oil increases 25 cents to $103.13 per barrel, gold jumps $51.39 to $4,579 an ounce, while Bitcoin falls $173 to $66,554.

• Meta Platforms reported Q1 revenue of $39.1 billion, growing 27% year-over-year and substantially exceeding Wall Street consensus estimates, driven by robust advertising demand and improved cost management. • Average revenue per user (ARPU) in the United States increased 18% year-over-year to $54.62, reflecting higher-value ad inventory and refined targeting capabilities powered by artificial intelligence. • The company guided Q2 revenue at $37-39.5 billion, cautioning of seasonal moderation, though full-year guidance remains constructive and suggests sustained advertiser confidence despite macro uncertainty.