Financial stocks were edging higher pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.2%.
The Direxion Daily Financial Bull 3X Shares (FAS) was 0.1% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.4%.
eToro (ETOR) stock was up more than 1% after the company reported an increase in Q1 adjusted earnings.
Natural gas traded lower early Tuesday despite warm forecasts as production continues to rise. Gas for June delivery was last seen down $0.04 to US$2.87 per million British thermal units.Long-term forecasts from the National Weather Service expect nearly all states to see warmer than seasonal temperatures over its six to 14 day outlook, offering some cooling demand amid the spring shoulder season.However production continues to rise, boosting inventories of the fuel and limiting prices."U.S. production continues to trend higher, supported by solid shale output and rising associated gas volumes from oil directed drilling, particularly in the Permian Basin....Combined with relatively mild winter weather, this has left inventories in a comfortable position," TD Economics wrote.
Energy stocks were rising premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) up 1.1%.The United States Oil Fund (USO) was up 3% and The United States Natural Gas Fund (UNG) was 2% lower.Front-month US West Texas Intermediate crude oil was 3.2% higher at $101.25 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.2% to $107.49 per barrel, and natural gas futures were down 1.7% at $2.86 per 1 million British Thermal Units.Venture Global (VG) shares were up more than 7% after the company reported higher Q1 earnings and revenue.Petrobras (PBR) stock was down more than 1% even after the company posted higher Q1 net income and sales revenue.Shell (SHEL) plans to divest its gas station network in France, according to a Google translation of a Monday report from French newspaper Les Echos. Shell shares were up 0.2% premarket.
Financial stocks were edging higher pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.3%.EToro (ETOR) stock was up 0.4% after the company reported an increase in Q1 adjusted earnings.CME Group (CME) said it is partnering with Silicon Data to launch a compute futures market later this year, pending regulatory review. Shares of CME Group were 0.8% higher premarket.Goldman Sachs' (GS) private equity business within Goldman Sachs Alternatives acquired FGI Worldwide, the company said. Goldman Sachs stock was down 0.2% pre-bell.