Shares of Intuitive Machines ( LUNR 15.87%) are jumping on Wednesday, up 12.8% as of 2:55 p.m. ET. The rise comes as the S&P 500 and Nasdaq Composite gained 0.6% and 0.5%, respectively.

Stocks found support from afternoon news reports that the U.S. and the EU are working toward a deal that would set a 15% ...