Travel Soars, Critical Metals Gains, Netflix Tanks

On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

-United Airlines (UAL) Royal Caribbean Group (RCL) and other travel stocks surged on Friday to pace the S&P 500 index's gains, after Iran and U.S. President Donald Trump declared the Strait of Hormuz "open" for now - easing concerns about oil supplies, even as some analysts questioned the rally's stability. The gains arrived after Iran's blockade of the strait, a key shipping lane that ushers through around 20% of the world's oil, threatened a prolonged stretch of higher fuel prices, jet-fuel shortages, fewer flights and higher costs for consumers.

- Critical Metals (CRML) shares rose as much as 35%, the most since January, after the firm increased its stake in the Tanbreez rare earth deposit in Greenland to 92.5% from 42%.

- Netflix (NFLX) shares are down 11% on Friday after the streaming company gave a second-quarter outlook that was weaker than expected. Company co-Founder and Chairman Reed Hastings separately announced plans to not stand for reelection to the board at its annual meeting in June.

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