Earnings breadth, Iran diplomacy and fuel pressure shape the weekend backdrop

U.S. markets were closed, leaving no QQQ or SPY session move or 15-minute price reaction. Of reporting S&P 500 companies, 82% beat EPS estimates and 78% posted year-over-year earnings growth. Iran submitted a 14-point, 30-day proposal to end the war, while Trump doubted it could be accepted. The United States approved more than $8.6 billion in arms sales to Gulf allies. Gasoline reached $4.43, up 61% since December amid Hormuz uncertainty. Spirit Airlines stopped flying and moved toward liquidation. Sean Duffy said the collapse was self-made, not caused by the Iran war.