Shares of oil and gas engineering and services companies are trading higher amid crude price gains due to continued Iranian demands over war reparations, unfreezing of sanctioned assets, and Strait of Hormuz tolling as negotiations with the U.S. may have reached an impasse.

8-K filing — ProFrac Holding Corp. (ACDC)

Filed: 2026-09-16 AccNo: 0001104659-26-108302 Size: 355 KB Item 1.01: Entry into a Material Definitive Agreement Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 9.01: Financial Statements and Exhibits

Morgan Stanley Maintains Underweight on ProFrac Holding, Lowers Price Target to $4.5

Morgan Stanley analyst Joe Laetsch maintains ProFrac Holding (NASDAQ:ACDC) with a Underweight and lowers the price target from $5 to $4.5.

ProFrac Holding shares are trading lower after the company reported worse-than-expected Q2 sales results.

Nasdaq 100 Records Have Rarely Been This Narrow, 55 Stocks Are Still Below 50-Day Average

The Nasdaq 100 trades at records Monday, yet 55 of its 101 stocks sit below their 50-day average. QQQ has beaten equal-weight QQQE by 8% since late July.

JPMorgan’s October Stock Picks Hint at 3 ETF Trades: Value, AI Power, Health Care

JPMorgan’s October stock picks spotlight American Express, Liberty Energy and Thermo Fisher, opening ETF plays across value, AI power and health care.

Shares of U.S.-traded companies with Brazil exposure are trading higher after the first round of Presidential election balloting showed right-wing candidate Flavio Bolsonaro with a lead over Lula, the current left-wing President. The results may indicate a possible pro-business final election outcome ahead of the October 25 run-off vote, wherein the winning candidate must achieve a majority above 50%.