US PRE-MARKET MOVERS: AVGO, AAPL, XOM, PENG, FCEL, RIVN, KRUS, DLTR, AA, BBWI

ES -0.6% NQ -0.8% RTY -0.6%

• Trump says Iran ceasefire is over "I think"; the US has “wasted a lot of time” with Iran; “I do not want to deal with Iran”.
• AVGO -0.1%: Apple to increase spend with AVGO to produce more than 15bln US chips
• XOM +1.6%: Expects higher liquids prices to lift earnings by $3.5-3.9bln vs Q1
• PENG +4.2%: EPS, rev. & guidance beat
• FCEL -19.1%: Announced $200M common stock offering
• RIVN -4.7%: 75mln share secondary priced at $15.50 (closed Tue at $16.49)
• KRUS -9.7%: Cut FY26 revenue outlook
• DLTR +1.5%: Upgraded at Raymond James & Goldman Sachs
• AA -1.6%: Downgraded at Morgan Stanley to 'Equal Weight' from 'Overweight'
• BBWI -4.3%: Downgraded at Goldman Sachs to 'Sell' from 'Neutral'