JEDI is trading at $29.04 (+3.05%) as stronger-than-expected Philadelphia Fed manufacturing data and falling initial claims support cyclical industrials.
- Deere beat earnings and revenue estimates and raised fiscal 2026 profit guidance, reinforcing optimism that the farm-equipment cycle may be bottoming.
- Broad risk appetite is also helping: the Dow is up 0.78%, the S&P 500 is up 0.51%, and the Nasdaq is up 0.51%.