FINWIRES · TerminalLIVE
FINWIRES

Sector Update: Healthcare Stocks Decline Premarket Monday

By

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.

Related Articles

Sectors

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.

$CRM$INTC$MSFT$NVDA$XLK$XSD
Sectors

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.

$EQNR
Sectors

Gold Falls Off a Two-Week High as Oil Rises as the U.S. and Iran Trade Strikes

Gold fell off a two-week high early Monday as the dollar rose after fresh attacks between the United States and Iran boosted oil prices, reviving inflation worries.Gold for July delivery was last seen down $62.90 to US$4,530.10 per ounce, after rising to the highest since May 14 on Friday.The drop comes after the United States over the weekend attacked Iranian military sites, while The Guardian reported Iran on Monday targeted a U.S. military base in Kuwait, pushing oil prices up from a six-week low.The hostilities have dimmed prospects for a end to the war that began on Feb. 28, when the U.S. and Israel launched strikes on Iran, which responded by blockading the Strait of Hormuz, the narrow waterway that is the chokepoint for 20% of daily oil demand supplied by Persian Gulf countries. The rise in oil since the start of the war has raised inflation and boosted the dollar on worries central banks will need to hike interest rates to slow rising prices."Gold trades lower following last week's rebound from key support as oil prices recovered and progress in US-Iran peace talks remained slow. The price action highlights the market's ongoing struggle to balance the inflationary implications of elevated energy prices -- which tend to support the dollar and bond yields -- against longer-term bullish drivers such as de-dollarisation, fiscal debt concerns, and persistent central bank demand," Saxo Bank wrote.The dollar was higher early, with the ICE dollar index last seen up 0.15 points to 99.06. Treasury yields were also higher, with the U.S. two-year note last seen paying 4.037%, up 2.7 basis points, while the yield on the 10-year note was up 1.2 points to 4.455%.

$GCN6$GLD