QuantumScape shares rise 6% as oil prices drop and market gains boost sentiment

QuantumScape Corp's stock increased by 6.22% amid a broader market rally with Nasdaq and S&P 500 up over 1.5%. The rise follows a sharp drop in oil prices after the U.S. halted planned strikes on Iranian energy infrastructure, improving market sentiment for auto-related stocks. Despite the short-term bounce, QuantumScape remains in a longer-term downtrend with shares down nearly 49% over the past year. Investors should watch key resistance at $7.50 and support at $6.50 as the stock navigates this volatile period.