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Accenture (ACN) has an average rating of overweight and mean price target of $229.39, according to analysts polled by FactSet.Price: $128.58, Change: $-27.44, Percent Change: -17.59%
(Updates with latest stock price movement in the headline and the first paragraph, along with revenue guidance details in the last paragraph.)Accenture (ACN) shares were down more than 17% in Thursday trading after the company cut its fiscal 2026 revenue growth outlook and forecast Q4 revenue below expectations.The company reported fiscal Q3 earnings Thursday of $3.80 per diluted share, up from $3.49 a year earlier.Analysts polled by FactSet expected $3.69.Revenue for the quarter ended May 31 was $18.72 billion, compared with $17.73 billion a year earlier.Analysts expected $18.78 billion.The company said it expects fiscal Q4 revenue of $17.75 billion to $18.40 billion. Analysts expect $18.48 billion.For fiscal 2026, Accenture raised its adjusted EPS guidance to a range of $13.78 to $13.90 from $13.65 to $13.90 previously. Analysts expect $13.86.Accenture said it now expects fiscal 2026 revenue growth of 3% to 4% in local currency, down from a prior forecast of 4% to 5%. Excluding an estimated 1% impact from its US federal business, the company expects revenue growth of 4% to 5%.Price: $129.01, Change: $-27.00, Percent Change: -17.31%
All three major US stock indexes rose in midday trading Thursday as investors assessed the signing of the peace deal between the US and Iran and the potential for an interest-rate increase by the end of 2026 after the Federal Reserve's meeting.President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a memorandum of understanding aiming to reopen the Strait of Hormuz, lift the US blockade of Iranian ports, and pursue a permanent peace deal to end the war. Amid criticism that Iran got the better end of the deal, Trump said in a post on Truth Social that people who thought he was not tough enough were "either jealous, bad people, or stupid."Intel (INTC) shares rose 8% after Trump said Apple (AAPL) has "agreed to work with Intel to design and build its Chips in America." In a Truth Social post, Trump cited Nvidia (NVDA) and Tesla's (TSLA) partnerships with Intel as examples of his success in bringing manufacturing back to the US.Apple's deal with Intel to design and build chips in the US may strengthen the iPhone maker's efforts to diversify its supply chain and secure domestic semiconductor capacity ahead of a multiyear AI-driven device cycle, Wedbush Securities said. Apple shares were little changed.Accenture (ACN) reported fiscal Q3 earnings of $3.80 per diluted share, up from $3.49 a year earlier and above the FactSet consensus analyst estimate of $3.69. Revenue rose to $18.7 billion from $17.7 billion, trailing the consensus of $18.8 billion. Full-year revenue is anticipated to increase by 3% to 4% in local currency for fiscal 2026, reflecting a lower top end versus the previous guidance for a 5% rise.Accenture also agreed to acquire a majority stake in Dragos and full ownership of runZero and NetRise in a deal with a combined enterprise value of about $4.18 billion. Accenture said the acquisitions significantly expand its position in the broader operational technology cybersecurity market. Accenture shares slumped 17%.Kroger (KR) reported fiscal Q1 adjusted earnings of $1.58 per diluted share, up from $1.49 a year earlier and narrowly missing the FactSet consensus of $1.59. Sales rose to $46.12 billion from $45.12 billion, trailing the consensus of $45.59 billion. Kroger shares fell 5.8%.Pfizer (PFE) said Chief Financial Officer Dave Denton will step down on Aug. 15 after accepting a position in the consumer-goods sector. The company named Cecile Guegan, currently senior vice president of finance for its global biopharmaceutical business, as interim CFO while it conducts a search for a permanent successor. Pfizer shares fell 3.2%.Price: $130.76, Change: $+9.66, Percent Change: +7.98%
Accenture (ACN) has an average rating of overweight and mean price target of $229.39, 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://finwires.com/en/contact)Price: $131.70, Change: $-24.32, Percent Change: -15.59%
Technology stocks were rising pre-bell Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) 2.3% higher and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 3.9%.Intel (INTC) shares were up more than 8% after President Donald Trump said Apple (AAPL) has agreed to work with Intel to design and build chips in the US.Accenture (ACN) stock was down more than 16% after the company issued fiscal Q4 revenue outlook below analysts' expectations. Accenture also said it is acquiring a majority stake in Dragos and full ownership of runZero and NetRise in a $4.18 billion deal.Tower Semiconductor (TSEM) said it has shipped more than five million coherent photonic integrated circuits in partnership with Marvell Technology (MRVL). Tower Semiconductor shares were up more than 4% and Marvell Technology rose 6% premarket.
Accenture (ACN) trimmed the top end of its full-year revenue growth outlook on Thursday as its sales fell short of market expectations in the fiscal third quarter, while the consulting firm announced three acquisition deals worth about $4.18 billion to expand its cybersecurity capabilities.Revenue is now anticipated to increase by 3% to 4% in local currency for fiscal 2026, reflecting a lower top end versus the previous guidance for a 5% rise.For the ongoing three-month period, the company projects revenue to come in between $17.75 billion and $18.4 billion, with a foreign-exchange headwind of about 0.5%. The current consensus on FactSet is for $18.48 billion. In local currency terms, the outlook represents a growth range of 1% to 5%.Revenue improved 6% year over year to $18.72 billion for the quarter ended May, trailing the Street's view for $18.78 billion. The topline increased 3% in local currency.Accenture shares fell 15% in the most recent premarket activity.In a separate statement, Accenture said it has agreed to acquire a majority stake in Dragos and full ownership of runZero and NetRise in a deal with a combined enterprise value of about $4.18 billion. Accenture said the acquisitions significantly expand its position in the broader operational technology cybersecurity market.Dragos, runZero and NetRise are estimated to generate about $208 million in annual recurring revenue as of June, representing annual growth of 53%. Accenture said the deals are expected to be initially dilutive but accretive to earnings per share and free cash flow over time."Our cybersecurity practice is growing by double-digits and has a strong track record of leveraging inorganic opportunity to fuel organic growth," Accenture Chief Executive Julie Sweet said. "We are confident Dragos' differentiated (operational technology) platform will accelerate our growth in the critical infrastructure and industrial operations markets, driving long-term shareholder value through scaled adoption of advanced cybersecurity capabilities."The transactions, which require regulatory approval, are expected to complete in August or September, according to Accenture.Accenture's earnings rose to $3.80 a share in the third quarter from $3.49 the year before, ahead of the average analyst estimate of $3.69. For the ongoing fiscal year, the firm now expects adjusted EPS of $13.78 to $13.90, reflecting a higher bottom end compared with the prior guidance of $13.65. The Street is looking for non-GAAP EPS of $13.86.Consulting revenue increased 4% to $9.33 billion, while sales in the managed services division gained 8% to $9.39 billion. New bookings decreased 2% to $19.32 billion, comprising $10.26 billion in consulting and $9.06 billion in managed services."Demand for large-scale reinvention remains strong - 104 quarterly client bookings of $100 million or more year-to-date, up 13% - and we are seeing more large-scale AI transformation programs, while executing our strategy to capture new areas of growth," Sweet said.
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Thursday after the US and Iran digitally signed an agreement aimed at ending the war in the Middle East.Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.6% higher.President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a memorandum of understanding targeting a permanent peace deal to end the war between the US and Iran. Amid criticism that Iran came out with the better end of the deal, Trump said in a post on Truth Social that people thinking he was not tough enough on the Middle Eastern nation were "either jealous, bad people, or stupid."All three major US stock indexes ended lower on Wednesday after Federal Reserve officials signaled a potential rate hike by the end of 2026 as inflation remains elevated.Traders observed the latest round of earnings, with Accenture (ACN) posting higher fiscal Q3 earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.3% at $78.52 per barrel and US West Texas Intermediate crude 2.1% lower at $75.22 per barrel.The weekly jobless claims bulletin showed 226,000 new unemployment claims for the week ended June 13, compared with the upwardly adjusted 230,000 figure in the prior week and above the 225,000 expected in a survey compiled by Bloomberg. The Philadelphia Federal Reserve's monthly manufacturing index rose to 10.3 in June from negative 0.4 in May, compared with expectations for a smaller increase to a reading of 10.0.In other world markets, Japan's Nikkei closed 1.7% higher, Hong Kong's Hang Seng ended 1.6% lower, and China's Shanghai Composite finished 0.4% lower. Meanwhile, the UK's FTSE 100 was down 1.1%, and Germany's DAX index was 00% lower in Europe's early afternoon session.In equities, Intel (INTC) shares were up 9% after President Donald Trump said Apple (AAPL) has "agreed to work with Intel to design and build its Chips in America." Taiwan Semiconductor Manufacturing's (TSM) stock was up 1.6% after a Nikkei Asia report cited chief operating officer Chris Koopmans as saying that Marvell Technology (MRVL) plans to adopt the company's 1.4-nanometer process for future chips. Broadcom (AVGO) shares were up 3.2% after the company said increased the maximum amount it will spend on its debt buyback program to $3 billion from $2.5 billion due to the strong participation.On the losing side, Accenture shares dropped 16% after the company reported its fiscal Q3 financial results. Kroger (KR) stock was down 4.7% after the company posted higher fiscal Q1 adjusted earnings and revenue.
US equity futures were higher pre-bell Thursday after the US and Iran digitally signed an agreement aimed at ending the war in the Middle East.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 1.4% higher.President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a memorandum of understanding targeting a permanent peace deal to end the war between the US and Iran. Amid criticism that Iran came out with the better end of the deal, Trump said in a post on Truth Social that people thinking he was not tough enough on the Middle Eastern nation were "either jealous, bad people, or stupid."All three major US stock indexes ended lower on Wednesday after Federal Reserve officials signaled a potential rate hike by the end of 2026 as inflation remains elevated.Traders observed the latest round of earnings, with Accenture (ACN) posting higher fiscal Q3 earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.5% at $78.36 per barrel and US West Texas Intermediate crude 2.2% lower at $75.13 per barrel.The weekly jobless claims bulletin, scheduled for release at 8:30 am ET, is expected to show 225,000 new unemployment claims for the week ended June 13, down from 229,000 in the prior week, according to estimates compiled by Bloomberg. The Philadelphia Fed's regional manufacturing index for May is seen coming in at 10.0, swinging from negative 0.4 posted previously.
US equity markets were tracking in the green before the opening bell Thursday as investors weighed the signing of an interim US-Iran peace deal and the Federal Reserve's decision to hold interest rates steady.The S&P 500 rose 0.7%, the Dow Jones Industrial Average gained 0.5% and the Nasdaq added 1.1% in premarket activity. The three main indexes finished Wednesday trading lower.US markets will be closed on Friday for the Juneteenth National Independence Day holiday.US President Donald Trump and Iranian President Masoud Pezeshkian on Wednesday signed a memorandum of understanding to end the Middle East war, Bloomberg News reported. Trump reportedly said he signed the agreement at the palace of Versailles near Paris.The agreement was earlier reported to be scheduled for formal signing in Switzerland on Friday, but a spokesperson for Iran's Foreign Ministry said no ceremony would be held as the deal has been signed digitally, CNN reported.The agreement calls for the rapid reopening of the Strait of Hormuz and immediate sanctions waivers for Iranian oil exports, with talks on nuclear issues to follow, according to the report.Earlier on Wednesday, Trump said the proposed memorandum of understanding with Iran is "not final" and that Washington would resume military operations if he doesn't like the Tehran deal, according to various media outlets.West Texas Intermediate crude oil dropped 2.9% to $74.58 a barrel before the open, while Brent declined 2.2% to $77.80.The International Energy Agency on Wednesday lowered its global oil demand forecast for 2026 amid war-driven headwinds while projecting a rebound next year."While the US-Iran interim agreement paves the way for a rebound in Middle East (oil) exports, operational and political constraints, including prolonged demining and unresolved transit arrangements, leave downside risks to the outlook," the agency said.The Fed kept its monetary policy steady on Wednesday to mark its fourth consecutive pause, removing the so-called easing bias from its statement. Fed policymakers raised interest rate expectations through 2028 and their inflation projections for 2026 and 2027.The policy decision was the first under new Chair Kevin Warsh.US Treasury yields were mixed in premarket action, with the two-year rate increasing 2.9 basis points to 4.19% and the 10-year rate retreating 0.6 basis points to 4.46%.Thursday's economic calendar has the weekly jobless claims bulletin at 8:30 am ET, along with the Philadelphia Fed manufacturing index for June. The weekly Baker Hughes oil-and-gas rig count is out at 1 pm.Intel's (INTC) shares jumped 8.3% pre-bell after Trump on social media said that iPhone maker Apple (AAPL) has agreed to work with the chipmaker to design and build chips in the US.Robinhood Markets (HOOD) advanced 2.1% after finishing the previous trading session with an 8.8% jump. Meta Platforms (META) rebounded 1.6% following a 5.4% decline on Wednesday.Accenture (ACN) and Kroger (KR) are scheduled to report their latest financial results before the bell.Gold fell 2.1% to $4,289 per troy ounce, while bitcoin decreased 0.7% to $63,934.
Consumer stocks were mixed pre-bell Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.1% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.1%.Marriott International (MAR) is facing growing pressure from hotel owners over how it shares revenue from its Bonvoy loyalty program, as franchisees demand a larger slice of profits generated through co-branded credit card deals, The Wall Street Journal reported. Shares of Marriott International were down more than 2% premarket.Yum! Brands (YUM) stock was up more than 1% after the company said it has signed agreements to sell Pizza Hut for a combined $2.7 billion through two separate transactions.Unilever (UL) is partnering with Accenture (ACN) to increase the use of AI digital twins in its manufacturing network, the company said. Unilever shares were 0.2% higher premarket.
(Updates with market moves at the end of the day.)The Dow Jones Industrial Average notched a new all-time high on Monday as a framework between the US and Iran to reopen the crucial Strait of Hormuz sent oil prices tumbling.The Dow rose 0.9% to settle at 51,671, topping its previous closing high recorded on June 4. The Nasdaq Composite jumped 3.1% to 26,683.9, while the S&P 500 climbed 1.7% to 7,554.3 -- both indexes advancing for a third consecutive session.Most sectors were in the green, led by technology's 3.4% gain, while energy saw the steepest drop.US markets will be closed Friday for the Juneteenth National Independence Day holiday.The US and Iran have reached an agreement to end their war and reopen the Strait of Hormuz after more than three months of conflict that disrupted regional stability and global shipping routes.The strait -- the world's most important chokepoint for crude flows -- has remained effectively closed since the US-Israel war with Iran began at the end of February.West Texas Intermediate crude oil was down 4.1% at $81.39 a barrel in Monday late-afternoon trade, while Brent fell 4.1% to $83.73.In the US, gasoline prices averaged $4.065 per gallon on Monday, compared with $4.164 a week earlier and $4.528 a month ago, according to AAA, a travel organization that tracks fuel prices in the country.While the US-Iran agreement lifts sentiment, analysts flagged potential implementation risks.US Treasury yields were lower, with the two-year rate last down 1.4 basis points at 4.08% and the 10-year rate falling 1.1 basis points to 4.48%.The Federal Reserve is scheduled to kick-off its two-day monetary policy meeting Tuesday, with Chair Kevin Warsh at the helm for the first time. Policymakers are widely expected to leave their benchmark lending rate unchanged Wednesday, which would mark their fourth consecutive pause, according to the CME FedWatch tool."We expect the Warsh Fed to move slowly on interest rates, especially with expectations for an end to the war," D.A. Davidson said. "The Fed, however, could remove its easing bias (a view that rates will be lower over the medium term)."The central bank's so-called "dot plot" may signal no interest rate cuts until 2028, said UBS Securities, which flagged the possibility of a tighter monetary policy amid the energy price shock stemming from the Middle East conflict.In economic news, US industrial production increased less than estimated in May as nondurable manufacturing fell, while mining output increased, Fed data showed.US homebuilder confidence declined this month as rising material costs and high mortgage rates stoked affordability concerns, the National Association of Home Builders and Wells Fargo said.SpaceX (SPCX) surged 20%, after the Elon Musk-led company finished its trading debut on Friday up 19%.Nvidia (NVDA) rose 3.5%, the second-biggest gainer on the Dow. Nvidia is looking to raise at least $20 billion from its first corporate bond sale since 2021, Bloomberg reported, citing people with direct knowledge of the matter.Micron Technology (MU) shares deserve a higher valuation amid a stronger memory cycle driven by artificial intelligence demand and tight industry supply, RBC Capital Markets said. The brokerage raised its price target for Micron to $1,200 from $525 and maintained an outperform rating.Micron's stock rallied 11%.In company news, Fox (FOX, FOXA) agreed to acquire Roku (ROKU) in a cash-and-stock deal that values the TV streaming platform at about $22 billion, creating a media and technology entity with one of the largest streaming businesses in the US.Fox's class A and B shares slid about 17% and 15%, respectively, the worst performers on the S&P 500, while Roku fell 1.9%.Payoneer (PAYO) agreed to be acquired by Canada's Nuvei in an all-cash transaction valued at about $2.75 billion, creating a global platform for local and cross-border commerce. Payoneer climbed 4.2%.Accenture (ACN), Jabil (JBL) and Kroger (KR) are scheduled to report their latest quarterly financial results later this week.Gold was last up 2.5% at $4,342.80 per troy ounce, while silver rose 3.4% to $70.29 per ounce.
(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, while oil prices sank as markets cheered an agreement between Washington and Iran to end their war and reopen the crucial Strait of Hormuz.The Nasdaq Composite was up 3.1% at 26,677.8 after midday Monday, while the S&P 500 rose 1.9% to 7,569.3. The Dow Jones Industrial Average gained 1.3% to 51,878.1. Most sectors were in the green, led by technology's 3.3% advance, while energy saw the steepest drop.On Sunday, US President Donald Trump said that a deal with Iran was "complete" and that he authorized the immediate removal of the US naval blockade of Iranian ports. In a separate social media post, Trump said the Strait of Hormuz will reopen for mine removal upon the signing of the peace agreement, scheduled for Friday in Switzerland.The strait has been effectively shut since the end of February, when the US and Israel launched joint strikes on Iran.West Texas Intermediate crude oil was down 5.3% at $80.41 a barrel intraday Monday, while Brent fell 4.9% to $83.02."The market driver is an alleged peace framework between the US and Iran that does have the advantage of getting oil flowing through the Strait of Hormuz, at least for now," Scotiabank said in a note.Separately, Rystad Energy said the US-Iran peace framework has lifted sentiment, but it will take time for oil supply to improve meaningfully.US Treasury yields were lower intraday, with the two-year rate down 2.5 basis points at 4.06% and the 10-year rate falling 1.5 basis points to 4.47%.The Federal Reserve is scheduled to kick-off its two-day monetary policy meeting Tuesday. Policymakers are widely expected to leave their benchmark lending rate unchanged Wednesday, which would mark their fourth consecutive pause, according to the CME FedWatch tool.The central bank's so-called "dot plot" may signal no interest rate cuts until 2028, said UBS Securities, which flagged the possibility of a tighter monetary policy amid the energy price shock stemming from the Middle East conflict."We have been saying since early March the energy price increase and potential supply disruptions (amid the Iran war) widened the potential outcomes for the future path of the funds rate, including rate hikes," UBS said in a note.In economic news, US industrial production increased less than estimated in May as nondurable manufacturing fell, while mining output increased, Fed data showed.US homebuilder confidence declined this month as rising material costs and high mortgage rates stoked affordability concerns, the National Association of Home Builders and Wells Fargo said."Costly and inefficient regulatory policy is clearly impeding the ability of builders to increase the housing supply," NAHB Chief Economist Robert Dietz said. "Easing permitting bottlenecks, density limits and inefficient zoning rules would help reduce costs and support the housing growth the nation needs."SpaceX (SPCX) was up 14% intraday, after the Elon Musk-led company finished its trading debut on Friday up 19%.Certain other big tech names were also higher intraday Monday, with Nvidia (NVDA) up 3.5%, among the best performers on the Dow. Microsoft (MSFT) rose 2.3%.In company news, Fox (FOX, FOXA) agreed to acquire Roku (ROKU) in a cash-and-stock deal that values the TV streaming platform at about $22 billion, creating a media and technology entity with one of the largest streaming businesses in the US.Fox's class A and B shares were down 16% and 15%, respectively, the worst performers on the S&P 500, while Roku fell 1.8%.Payoneer (PAYO) agreed to be acquired by Canada's Nuvei in an all-cash transaction valued at about $2.75 billion, creating a global platform for local and cross-border commerce. Payoneer shares were up 4.1%.Accenture (ACN), Jabil (JBL) and Kroger (KR) are scheduled to report their latest quarterly financial results later this week, along with others.US markets will be closed Friday for the Juneteenth National Independence Day holiday.Gold was up 2.9% at $4,360.80 per troy ounce, while silver climbed 3.6% to $70.42 per ounce.
Accenture (ACN) is likely to face continued pressure from slower discretionary technology spending as enterprise artificial intelligence investments crowd out traditional IT services budgets, Morgan Stanley said in a note Monday.The investment firm said its Q1 CIO Survey points to just about 2% year-over-year growth in IT services spending in 2026, while overall IT budget growth remains largely unchanged amid increasing AI prioritization.Fiscal Q3 bookings could fall short of expectations, Morgan Stanley said, citing tougher comparisons and a "diminishing" benefit from managed-services contracts. Investor concerns have centered on weaker bookings, the risk of future estimate cuts and fears that AI-driven productivity gains could eventually weigh on demand for services firms, according to the note.The firm said Accenture remains well-positioned due to its scale, enterprise relationships and exposure to large transformation projects, but expressed increased caution over its acquisition strategy as AI-related assets become more expensive and investors question the revenue potential of increasingly "product-focused" deals.Morgan Stanley downgraded Accenture to equal-weight from overweight, and cut its price target to $177 from $240.Price: $169.98, Change: $-0.30, Percent Change: -0.18%
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.
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).
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://finwires.com/en/contact)
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%
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%.
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%
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%
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