Stock Market Slashes Losses As Oil Prices Retreat; Five Below, Karman, Planet Labs Eye Buy Points

Stock markets recovered sharply on Thursday, reversing earlier steep declines as crude oil prices unexpectedly retreated after a multi-day rally. The reversal eased investor concerns about inflationary pressures and economic instability. Oil’s sudden pullback—after hitting multi-month highs—triggered a late-session rebound in equities, with major indices trimming losses by the close. Analysts cited profit-taking and easing geopolitical tensions as key drivers. Retailer Five Below entered a technical buy zone after breaking above a key resistance level, signaling potential upside momentum. The discount chain’s strong earnings and consumer resilience fueled investor interest. Defense contractor Karman neared a buy point amid rising defense spending and geopolitical demand. Its stock consolidated near a breakout level, attracting institutional buyers. Satellite imagery firm Planet Labs hovered near a buy trigger as space-tech stocks gained traction. Recent contracts and AI-driven data analytics boosted its growth outlook.