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Sector Update: Consumer Stocks Lower Pre-Bell Monday

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Consumer stocks were lower pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) slipping 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.8%.

Taylor Morrison Home (TMHC) has agreed to be acquired by Berkshire Hathaway (BRK.A, BRK.B) for $72.50 per share in cash and a total enterprise value of about $8.5 billion, the companies said. Taylor Morrison Home shares were up more than 22% premarket.

People Inc. said Monday it has submitted a non-binding proposal to acquire all outstanding MGM Resorts International (MGM) shares it doesn't already own for $48.30 per share in cash. MGM Resorts International stock was advancing past 11% pre-bell.

iHuman (IH) agreed to acquire the businesses and assets of two AI-powered apps, All Knowledge and Perfect Lingo, for 94.0 million Chinese renminbi ($13.9 million), the company said. iHuman shares were up more than 2% premarket.

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Sector Update: Healthcare Stocks Decline Premarket Monday

Healthcare stocks were declining premarket Monday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.6% and the iShares Biotechnology ETF (IBB) 0.1% lower.Humana (HUM) shares were up more than 4% after the company said it plans to reaffirm its full-year adjusted earnings guidance of at least $9 per share during upcoming meetings.GRAIL's (GRAL) stock was down more than 17% after the company said the NHS-Galleri trial of its Galleri multi-cancer early detection test missed its primary endpoint.Biohaven (BHVN) shares were up more than 1% after the company said it has initiated first-in-human dosing of BHV-8100, an experimental oral, brain-penetrant PKM2 modulator being developed for neurological, retinal and inflammatory diseases.

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Sector Update: Tech Stocks Mixed Premarket Monday

Technology stocks were mixed premarket Monday, with the State Street SPDR S&P Semiconductor ETF (XSD) down 0.2% and the State Street Technology Select Sector SPDR Fund (XLK) advancing by 1%.Nvidia (NVDA) has launched RTX Spark, a new AI chip that will feature in Microsoft (MSFT) Windows laptops and desktop personal computers. Nvidia stock rose past 2% and Microsoft shares were up more than 3% pre-bell.Intel (INTC) plans to begin shipping a new artificial intelligence chip in limited volumes by the end of 2026, the Financial Times reported, citing a senior company executive. Intel stock was down more than 5% premarket.Salesforce (CRM) shares were up more than 4% after the company said it will invest $2 billion in France through 2030, expanding its AI and cloud operations.

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Sector Update: Energy

Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.8% higher.The United States Oil Fund (USO) was up 1.7% and the United States Natural Gas Fund (UNG) was 2.6% lower.Front-month US West Texas Intermediate crude oil was 4.5% higher at $91.32 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.6% to $94.31 per barrel, and natural gas futures were down 3% at $3.19 per 1 million British Thermal Units.Equinor (EQNR) said it recommended that its corporate assembly elect Jarle Roth as new chair of the board. Shares of Equinor were up more than 2% pre-bell.

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