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Stocks Rise Pre-Bell as US, Iran Reach Peace Deal; Investors Await Fed Policy Decision
US Markets

Stocks Rise Pre-Bell as US, Iran Reach Peace Deal; Investors Await Fed Policy Decision

The benchmark US stock measures were pointing higher before the opening bell Monday as the US and Iran reached an agreement to end their war and reopen the crucial Strait of Hormuz, while investors prepare for a major policy decision by the Federal Reserve later in the holiday-shortened week.The S&P 500 rose 1.2%, the Dow Jones Industrial Average gained 0.8% and the Nasdaq added 1.9% in premarket activity. The indexes finished Friday trading in the green.US markets will be closed on Friday for the Juneteenth National Independence Day holiday.In a social media post on Sunday, President Donald Trump said a deal with Iran is "complete" and that he authorized the immediate removal of the US naval blockade of Iranian ports. In a separate post, Trump said the Strait of Hormuz will reopen for mine removal upon the signing of the peace agreement, currently scheduled for Friday in Switzerland.West Texas Intermediate crude oil dropped 5.6% to $80.11 a barrel in the most recent premarket activity, while Brent declined 5.2% to $82.77.Trump's posts came after Pakistani Prime Minister Shehbaz Sharif announced on X that a peace deal had been reached between Washington and Tehran, with both sides agreeing to immediately end their military operations on all fronts, including Lebanon.Iran's Supreme National Security Council said a memorandum of understanding regarding the end of war negotiations with the US was "finalized," Iran's Mehr News Agency reported Monday.The Fed's monetary policy committee is scheduled to meet on Tuesday, with a decision on interest rates due on Wednesday. Markets are widely expecting the central bank to keep its key lending rate unchanged for a fourth consecutive meeting, according to the CME FedWatch tool.Treasury yields were down in premarket action, with the two- and 10-year rates retreating 4 basis points each to 4.05% and 4.45%, respectively.Last week, government data showed that annual inflation in the US accelerated to its highest level in three years in May.Monday's economic calendar has the Empire State manufacturing index for June at 8:30 am ET, followed by the industrial production report for May at 9:15 am. The housing market index for the current month is out at 10 am.SpaceX (SPCX) rose 6.1% pre-bell after the Elon Musk-led company finished its trading debut on Friday up 19%. Advanced Micro Devices (AMD) inclined 4.2%, while Nvidia (NVDA) moved 2.1% higher.Accenture (ACN), Jabil (JBL) and Kroger (KR) are scheduled to report their latest financial results later this week.Gold advanced 2.8% to $4,359 per troy ounce, while bitcoin increased 3% to $65,660.

Dow JonesNasdaq CompositeS&P 500$ACN$AMD$JBL$KR$NVDA$SPCX
Asia Markets

US Equity Investors to Watch Out for Fed Chair Kevin Warsh's Inflation Views, Details of Iran Peace Deal This Week

US equity investors will focus this week on Kevin Warsh's inflation assessment at his first rate-setting meeting as the chair of the Federal Reserve, and details of the framework agreement that Washington and Tehran announced over the weekend to end the Iran war.* Wednesday's summary statement will be accompanied by the Fed's Summary of Economic Projections, followed by Warsh's press conference, a Scotiabank note said late Friday. No rate changes are expected, according to the CME FedWatch tool.* Will Warsh seek to tweak 'Inflation is elevated'?, the note said, referring to current language in the Fed policy statement and President Donald Trump's calls to lower interest rates in the final leg of Jerome Powell's chairmanship.* "The [Federal Open Market] Committee would have to agree, but his argument in favour of trimmed mean PCE could invite a modification," the note said, drawing attention to a different gauge that may become the Fed's preferred to assess inflation.* Iran confirmed a deal with the US to end fighting on all fronts, Al Jazeera reported Monday. Trump ended Washington's blockade of Iranian ports and said the Strait of Hormuz will reopen on Friday when a pact is signed in Switzerland, the news report said. The deal comes ahead of the upcoming Group of Seven meeting in France that Trump is attending.* Iran said its nuclear program will be the subject of talks after the deal is signed, Reuters reported. Israel said it will not withdraw from Lebanese territory it has seized and will retaliate if Iran attacks it due to events in Lebanon, the news report added.* Early Monday, West Texas Intermediate crude oil futures were down 5.6% to $80.11 barrel, the US 10-year Treasury yield dropped four basis points to 4.45%, and gold futures jumped 2.8% to $4,359.01 per ounce.* Quarterly earnings due this week include Accenture (ACN), Kroger (KR), and Jabil (JBL).

Dow JonesNasdaq CompositeS&P 500$ACN$JBL$KR
Research

Morgan Stanley Downgrades Accenture to Equalweight From Overweight, Adjusts PT to $177 From $240

Accenture (ACN) has an average rating of overweight and mean price target of $235.87, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$ACN
Wire

Accenture to Acquire Creator Agency Whalar

Accenture (ACN) said Monday it agreed to acquire Whalar, a creator and social media agency, from Whalar Group, expanding its influencer marketing and customer engagement capabilities.Financial terms were not disclosed and the transaction is subject to customary closing conditions.Whalar will become part of Accenture Song, the company's marketing and creative services unit. Accenture said the deal is aimed at enhancing its capabilities in connecting real-time insights, social commerce, and AI-driven discovery to help brands integrate creators more deeply into customer experiences.Price: $177.05, Change: $-1.20, Percent Change: -0.67%

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Commodities

Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Thursday as Investors Weigh Economic Data

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4%, and the actively traded Invesco QQQ Trust (QQQ) fell by 1.2% in Thursday's premarket activity, as investors weighed economic data amid corporate earnings.US stock futures were mixed, with S&P 500 Index futures down 0.5%, Dow Jones Industrial Average futures gaining 0.4%, and Nasdaq futures retreating 1.3% before the start of regular trading.US employers announced 97,006 planned job cuts in May, the highest total for the month since 2020, driven largely by reductions in the technology sector, according to Challenger, Gray & Christmas on Thursday.US initial jobless claims rose to 225,000, above expectations of 215,000 and up from 212,000 in the prior week.US nonfarm productivity growth for the first quarter was revised down to an annualized rate of 0.3% from a preliminary estimate of 0.8%, falling short of expectations for a 0.4% increase, while unit labor cost growth was revised down to 1.8% from 2.3%, below forecasts of a 2.4% gain.Weekly natural gas stocks are due to be released at 10:30 am ET.Federal Reserve Richmond President Thomas Barkin and San Francisco President Mary Daly are slated to speak on Thursday.In premarket action, bitcoin was down by 4.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 4.4% lower, Ether ETF (EETH) retreated 3.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 3%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 1.5%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 1.4%. The iShares US Consumer Staples ETF (IYK) was 0.8% higher. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced by 0.5%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 0.5%.LGI Homes (LGIH) shares were down more than 4% pre-bell after falling 5% at the prior close. The company said late Wednesday that it closed 498 homes in May, compared with 416 homes a year earlier.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 1.5%, the Vanguard Health Care Index Fund (VHT) was up 1.2%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 1% higher.BrightSpring Health Services (BTSG) stock was down more than 3% premarket after the company said late Wednesday it has priced a secondary offering by certain shareholders of 15 million shares at $58.75 per share.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.8%, while the Vanguard Industrials Index Fund (VIS) was flat and the iShares US Industrials ETF (IYJ) was up 1%.X-Energy (XE) stock was down more than 3% before the opening bell after the company reported a wider Q1 net loss.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 2.3%, and the iShares US Technology ETF (IYW) was 1.6% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 2.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) fell by 3.8%, while the iShares Semiconductor ETF (SOXX) declined by 4.3%.Accenture (ACN) shares were up more than 2% in premarket activity after the company agreed to a deal to embed AI and digital technologies in the operations of Tokyo Electric Power subsidiary TEPCO Solution Advance.EnergyThe iShares US Energy ETF (IYE) gained 0.1%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.7%.Clean Energy Fuels (CLNE) stock was up more than 1% before the opening bell after the company said it has begun producing renewable natural gas at its East Valley Dairy facility in Jerome, Idaho, its eighth dairy RNG project.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 2.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 3% lower.Marsh & McLennan (MRSH) shares were up more than 1% pre-bell after the insurance broker and certain units signed a new $4.25 billion multi-currency unsecured five-year revolving credit facility with Citibank (C).CommoditiesFront-month US West Texas Intermediate crude oil retreated by 3.7% to $92.46 per barrel on the New York Mercantile Exchange. Natural gas was up 1.2% to $3.25 per 1 million British Thermal Units. The United States Oil Fund (USO) fell by 3.9%, while the United States Natural Gas Fund (UNG) was 1.1% higher.Gold futures for July gained by 1.6% to $4,539.90 an ounce on the Comex. Silver futures advanced by 1.5% to $74.77 an ounce. SPDR Gold Shares (GLD) was up by 1.1%, and the iShares Silver Trust (SLV) increased by 1.3%.

Dow JonesNasdaq CompositeS&P 500$ACN$BETH$BITO$BTSG$C$CLNE$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LGIH$MRSH$PMR$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XE$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Wire

Accenture Invests in XBOW Platform

Accenture (ACN) has invested in autonomous cybersecurity testing platform XBOW through its Accenture Ventures venture capital arm, the company said Wednesday.Transaction terms were not disclosed. The companies have also agreed on a partnership, with Accenture to integrate XBOW into its Cyber.AI solution, according to the statement.Price: $176.69, Change: $-2.32, Percent Change: -1.30%

$ACN
Wire

Accenture Invests in Customer Experience Agentic AI Platform Netomi

Accenture (ACN) has invested in Netomi, a customer experience artificial intelligence platform, through its Accenture Ventures arm, the company said Thursday.No financial terms were disclosed.The investment is expected to expand Accenture's customer experience and service capabilities through the integration of Netomi's agentic AI platform, the company said.Netomi said in a separate statement that it raised $110 million in new funding led by Accenture Ventures, with participation from Adobe Ventures, WndrCo, SLW, NAVER Ventures, Metis Strategy, and Fin Capital.Price: $176.25, Change: $-4.01, Percent Change: -2.22%

$ACN
Wire

Accenture, NSK Collaborate on AI, Digital Initiatives

Accenture (ACN) and NSK said Monday they are collaborating on an AI- and digital-driven transformation of the Japanese manufacturer's operations.The initiative will focus on streamlining back-office processes, increasing automation, and improving decision-making through data and AI.NSK said it will direct resources unlocked through operational improvements toward new product development, business expansion, and sales and marketing initiatives, while also strengthening workforce skills through reskilling programs supported by Accenture.Price: $179.68, Change: $+1.32, Percent Change: +0.74%

$ACN
Wire

Accenture Invests in AI Infrastructure Firm Iridius

Accenture (ACN) said Thursday it has invested in Iridius, an enterprise artificial intelligence infrastructure company designing compliant solutions for regulated industries, including life sciences.Financial terms of the investment were not disclosed.The companies also entered into a partnership to build end-to-end compliance workflows across the pharmaceutical value chain to scale AI adoption, Accenture said.The collaboration aims to accelerate clinical timelines and reduce manual compliance work by integrating Iridius' regulatory technology into enterprise operations, Accenture added.Shares of the company were down about 6.8% in Thursday trading.Price: $177.00, Change: $-13.11, Percent Change: -6.89%

$ACN
Wire

Top Midday Stories: GE Vernova Shares Gain on Strong Q1 Earnings, Guidance; Vertiv Lifts Guidance After Q1 EPS, Revenue Beats, Shares Fall

All three major US stock indexes were up in late-morning trading Wednesday following reports of Iranian attacks on vessels in the Strait of Hormuz and President Donald Trump's extension of the ceasefire between the warring nations.In company news, GE Vernova (GEV) reported Q1 earnings Wednesday of $17.44 per share, up from $0.91 a year earlier. Total Q1 revenue was $9.34 billion, up from $8.03 billion a year ago and above the FactSet consensus analyst estimate of $9.25 billion. For 2026, the company said it expects revenue of about $44.5 billion to $45.5 billion, up from its previous outlook of $44 billion to $45 billion and compared to the FactSet consensus of $44.66 billion. GE Vernova shares were up 12.4% around midday.Vertiv (VRT) reported Q1 adjusted earnings Wednesday of $1.17 per diluted share, up from $0.64 a year earlier and above the FactSet consensus of $1.00. First-quarter revenue was $2.65 billion, up from $2.04 billion a year ago and above the FactSet consensus of $2.64 billion. For Q2, the company said it expects adjusted EPS of $1.37 to $1.43 on revenue of $3.25 billion to $3.45 billion. Analysts polled by FactSet expect $1.43 and $3.40 billion, respectively. For full-year 2026, Vertiv said it expects adjusted EPS of $6.30 to $6.40, up from its previous outlook of $5.97 to $6.07 and above the FactSet consensus of $6.12. Vertiv expects full-year revenue to be $13.50 billion to $14.00 billion, up from its previous guidance of $13.25 billion to $13.75 billion and compared to the FactSet consensus of $13.63 billion. Vertiv shares were down 2.6%.Merck (MRK), Germany's Merck KGaA and Japan's Ono Pharmaceutical have expressed interest in Inhibrx Biosciences' (INBX) experimental cancer medicine that could be valued at over $8 billion, Reuters reported Wednesday, citing people familiar with the matter. Merck shares were down 0.2%, while Inhibrx shares were up 31.9%.Boeing (BA) reported a Q1 core loss Wednesday of $0.20 per share, narrowing from a loss of $0.49 a year earlier and compared to the FactSet consensus estimate of a loss of $0.68. First-quarter revenue was $22.22 billion, up from $19.50 billion a year ago and above the FactSet consensus of $21.85 billion. Cash outflow for the quarter was $1.45 billion, narrowing from $2.29 billion a year ago, and the company said Q1 deliveries increased 10% to 143 planes. Boeing shares were up 5.4%.Alphabet's (GOOG, GOOGL) Google Cloud is launching a $750 million fund to help consulting firms like Accenture (ACN), McKinsey and Deloitte get their clients to use agentic AI software, Bloomberg reported Wednesday, citing an emailed statement and an interview with a company official. Alphabet's Class C and Class A shares were up 1.5% and 1.6%, respectively. Accenture shares were down 1.9%.Philip Morris International (PM) reported Q1 adjusted earnings Wednesday of $1.96 per diluted share, up from $1.69 a year earlier and above the FactSet consensus of $1.83. Net Q1 revenue was $10.15 billion, up from $9.30 billion ay ear ago and above the FactSet consensus of $9.91 billion. For Q2, Philip Morris said it expects adjusted EPS of $2.02 to $2.07, below the FactSet consensus of $2.12. For full-year 2026, the company said it expects adjusted EPS of $8.36 to $8.51, compared to the FactSet consensus of $8.38. Philip Morris shares were up 7%.Boston Scientific (BSX) reported Q1 adjusted earnings Wednesday of $0.80 per share, up from $0.75 a year earlier and above the FactSet consensus of $0.79. First-quarter net sales were $5.20 billion, up from $4.66 billion a year ago and above the FactSet consensus of $5.17 billion. For Q2, Boston Scientific said it expects adjusted EPS of $0.82 to $0.84 and net sales growth of 5.5% to 7.5%. Analysts polled by FactSet expect adjusted EPS of $0.86. For full-year 2026, the company said it expects adjusted EPS of $3.34 to $3.41, down from its prior outlook of $3.43 to $3.49 and below the FactSet consensus of $3.45. Full-year net sales are now expected to grow about 7.0% to 8.5%, down from the company's previous guidance of 10.5% to 11.5% growth. Shares of the company were up 8.4%.AT&T (T) reported Q1 earnings Wednesday of $0.54 per diluted share, down from $0.61 a year earlier and below the FactSet consensus of $0.55. First-quarter operating revenue was $31.51 billion, up from $30.63 billion a year ago and above the FactSet consensus of $31.25 billion. AT&T shares were down 1.8%.Price: $1119.35, Change: $+128.05, Percent Change: +12.92%

$ACN$BSX$GEV$INBX$MRK$PM$T$VRT
Wire

Update: Market Chatter: Alphabet's Google Launches $750 Million Fund to Hasten AI Adoption by Consulting Firms

(Updates to include details on Google Cloud's new tools to build AI agents in the third paragraph.)Alphabet's (GOOG, GOOGL) Google Cloud is launching a $750 million fund to help consulting firms such as Accenture (ACN), McKinsey, and Deloitte to get clients to use agentic artificial intelligence software, Bloomberg reported Wednesday, citing an emailed statement and an interview with a company official.Google's DeepMind lab will give the firms early access to Gemini models while engineers will help train consultancy firms, the report said.In a separate Wednesday report, Bloomberg said Google Cloud has launched new tools to help companies build AI agents and monitor their performance. Google's Gemini Enterprise Agent Platform will include memory features, allowing agents to remember previous interactions with users, and a simulation feature for testing, the report said.Google did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $334.42, Change: $+3.95, Percent Change: +1.19%

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