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Asia Markets

Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Tuesday Amid Rising Oil Prices

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Tuesday's premarket activity amid rising oil prices.US stock futures were also mixed, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.8%, and Nasdaq futures advancing 0.1% before the start of regular trading.The National Federation of Independent Business' monthly Small Business Optimism Index fell to a reading of 98.7 in August from 99.8 in July and was below a 100.8 reading a year ago.The New York Fed's inflation expectations report for August will be released at 11 am ET.The July consumer credit data is slated for a 3 pm ET release.In premarket activity, bitcoin was down by 1.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.1% lower, Ether ETF (EETH) advanced 0.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 1.1%, the Vanguard Health Care Index Fund (VHT) was down 0.8%, while the iShares US Healthcare ETF (IYH) slipped 0.5%. The iShares Biotechnology ETF (IBB) was 1% lower.Pharvaris (PHVS) stock was up more than 16% premarket after the company said that a global phase 3 study of deucrictibant extended-release tablets met the primary endpoint of reducing the mean monthly attack rate by 83%, compared with placebo, in people with hereditary angioedema.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.2%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.Bloom Energy (BE) was up 6% premarket, after a 7.4% increase in Friday's session. The company will join the S&P 500, effective Sept. 21, S&P Dow Jones Indices said Friday.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.6%, the iShares US Technology ETF (IYW) and the iShares Expanded Tech Sector ETF (IGM) were inactive. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 1.7%.IonQ (IONQ) shares were up 6% after the company raised its 2026 revenue outlook to a range of $450 million to $460 million, up from $280 million to $290 million anticipated previously, reflecting contributions from SkyWater Technology following its acquisition on July 31.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1%.Solaris Energy Infrastructure (SEI) stock was 6% higher after the company raised its guidance for Q3 and Q4 adjusted earnings before interest, taxes, depreciation and amortization.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) and the iShares US Consumer Staples ETF (IYK) were inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.7%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.General Mills (GIS) shares were up more than 1% pre-bell after the company reaffirmed its fiscal 2027 financial guidance.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) was down 2.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 2.1% higher.First Citizens BancShares (FCNCA) shares were up 1% in early-hours activity after the company said it converted 138 bank branches that it acquired from Bank of Montreal (BMO).CommoditiesFront-month US West Texas Intermediate crude oil was up by 2.1% at $93.43 per barrel on the New York Mercantile Exchange. Natural gas was 0.5% lower at $2.96 per 1 million British Thermal Units. The United States Oil Fund (USO) rose 2%, while the United States Natural Gas Fund (UNG) advanced 0.6%.Gold futures for November were down by 0.7% at $4,446.90 an ounce on the Comex. Silver futures advanced 0.2% to $66.85 an ounce. SPDR Gold Shares (GLD) decreased 0.8%, and the iShares Silver Trust (SLV) was flat.

Dow JonesNasdaq CompositeS&P 500$BE$FAS$FAZ$FCNCA$GIS$GLD$IBB$IGM$IONQ$IYE$IYH$IYJ$IYK$IYW$PHVS$QQQ$RTH$SEI$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Insider Trading

Bloom Energy Insider Sold Shares Worth $1,130,665, According to a Recent SEC Filing

Aman Joshi, Chief Commercial Officer, on August 14, 2026, sold 4,677 shares in Bloom Energy (BE) for $1,130,665. Following the Form 4 filing with the SEC, Joshi has control over a total of 159,130 common shares of the company, with 159,130 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1664703/000119312526355898/xslF345X05/ownership.xml

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Insider Trading

Bloom Energy Insider Sold Shares Worth $7,167,300, According to a Recent SEC Filing

Jeffrey R Immelt, Director, on August 17, 2026, sold 30,000 shares in Bloom Energy (BE) for $7,167,300. Following the Form 4 filing with the SEC, Immelt has control over a total of 201,243 common shares of the company, with 201,243 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1664703/000119312526355897/xslF345X05/ownership.xml

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Wire

Bloom Energy Expands MiTAC Partnership to Support AI Server Factory

Bloom Energy (BE) said Thursday it expanded an agreement with a MiTAC Holdings unit to build a fuel cell microgrid at an artificial intelligence server manufacturing campus in Fremont, California.The project increases the overall contracted power capacity between the companies and adds to an existing installation at a San Jose production facility, the company said.The on-site power generation will support current factory operations and allow the company to scale production as demand grows, Bloom Energy said.Shares of the company rose more than 4% in recent Friday premarket activity.Price: $238.26, Change: $+9.30, Percent Change: +4.06%

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Insider Trading

Bloom Energy Insider Sold Shares Worth $3,083,700, According to a Recent SEC Filing

John T Chambers, Director, on August 03, 2026, sold 15,000 shares in Bloom Energy (BE) for $3,083,700. Following the Form 4 filing with the SEC, Chambers has control over a total of 362,220 common shares of the company, with 138,887 shares held directly and 223,333 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1664703/000119312526333129/xslF345X05/ownership.xml

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Wire

Bloom Energy Shares Rise After Mizuho Upgrade

Bloom Energy (BE) shares rose 25% in Thursday trading after Mizuho upgraded the stock to outperform from neutral, and adjusted the price target to $242 From $285.Trading volume stood at over 27.2 million shares compared with a daily average of nearly 13.3 million.Price: $205.52, Change: $+41.77, Percent Change: +25.51%

$BE
Commodities

Brookfield Infrastructure Q2 Highlights Growth Across Utilities, Transport, Data Businesses

Brookfield Infrastructure Partners (BIP) reported Q2 earnings Thursday, highlighting growth across its utilities, transport, midstream and data businesses, supported by capacity additions and new customer contracts.In Q2 2026, the company commissioned about 60 megawatts of contracted capacity across its global hyperscale data center portfolio and signed additional leases representing about 100 MW of capacity.Brookfield expanded its utilities business as the connections base at its UK regulated distribution operation grew 9% over the year.The company also signed an agreement to deploy about 500,000 smart meters in Australia over the next three years, a project expected to contribute about AU$25 million ($17.6 million) in annual EBITDA.Brookfield also renewed a 15-year agreement with one of the largest customers at its Canadian natural gas gathering and processing business, securing 10% of processing capacity under a long-term take-or-pay contract worth about $70 million in annual revenue.The company deployed about $1.2 billion of growth capital during the quarter to expand its utilities, transport, midstream and data businesses.Brookfield also expanded its partnership with Bloom Energy (BE) to $25 billion and increased total capital committed under the framework to $2 billion, with BIP's prospective share at about $80 million.Brookfield ended the quarter with about $1.4 billion of utilities projects scheduled for commissioning into rate base over the next two to three years, led by about $860 million at its UK regulated distribution business.The company also expects to commission about $835 million of transport projects and $237 million of midstream capacity expansion projects.Brookfield also approved two densification projects at existing US colocation data centers to support high-density computing and artificial intelligence workloads.Price: $42.84, Change: $+0.22, Percent Change: +0.52%

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Research

Mizuho Upgrades Bloom Energy to Outperform From Neutral, Adjusts PT to $242 From $285

Bloom Energy (BE) has an average rating of overweight and mean price target of $278.29, according to analysts polled by FactSet.

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Wire

Bloom Energy's Q2 Results Above Most Bullish Estimates, RBC Capital Markets Says

Bloom Energy (BE) reported Q2 results that were above even the most bullish expectations and raised its full-year revenue guidance as fuel cell sales continue to grow, RBC Capital Markets said in a note Tuesday.The company now expects 2026 revenue in a range of $3.9 billion to $4.2 billion, a $450 million or 12.5% increase at the midpoint.The investment firm projected revenue to increase to about $7.4 billion in 2028, driven by strong sales of fuel cells to large data center customers.The firm said Bloom Energy is in the early stages of a large demand ramp and its ability to provide power in under 90 days remains its "superior" value proposition, highlighting the strength of its potential pricing power.RBC has an outperform rating on Bloom Energy and a $335 price target.Shares of the company were down 2% in Wednesday trading.Price: $163.46, Change: $-3.38, Percent Change: -2.03%

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Equities

Social Buzz: Wallstreetbets Stocks Mostly Higher Pre-Bell Wednesday; Bloom Energy, Seagate Technology to Advance

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly higher hours before Wednesday's opening bell.Bloom Energy (BE) rose by 10% in premarket hours, swinging from an 11.3% decline at Tuesday's close. Bloom Energy posted higher Q2 adjusted earnings and revenue, and raised its 2026 outlook.Seagate Technology Holdings (STX) was up 6.4% pre-bell, after an 8.5% fall from the previous session. The company reported higher fiscal Q4 adjusted earnings and revenue.Sandisk (SNDK) advanced by 1.4% premarket, following a 14.3% decline at Tuesday's close.Micron Technology (MU) was 1% higher hours before the market open, after an 8.9% fall from the previous session.Nvidia (NVDA) was up 0.3% premarket, following a 0.3% increase at Tuesday's close.Microsoft (MSFT) advanced by 0.2% in pre-bell hours, after a 1.1% rise from Tuesday's session.SpaceX (SPCX) declined by 0.3% premarket, swinging from a 2.6% increase at Tuesday's close.Apple (AAPL) was slightly lower pre-bell, after a 0.9% increase from the previous session.

$AAPL$BE$MSFT$MU$NVDA$SNDK$SPCX$STX
Commodities

IDF, Oaktree Finance $1.7 Billion Fuel Cell Project for AI Data Centers

Industrial Development Funding and Oaktree Capital Management confirmed a $1.7 billion project investment to deploy Bloom Energy's (BE) solid-oxide fuel cell technology to power Nebius's AI cloud infrastructure.Nebius selected the fuel cell solution specifically for its ability to deliver clean, consistent energy with the speed required to meet the demanding uptime and power requirements of modern AI workloads, IDF stated on Thursday.IDF is serving as the lead developer for the project, with Oaktree providing minority equity participation, it stated.Financial structuring for the deal included senior debt financing from MUFG Bank and tax equity financing led by Morgan Stanley, the company added.By utilizing fuel cells, the project offers a cleaner and faster alternative to traditional utility-scale power connections, addressing a critical bottleneck for the data center industry as it struggles to meet the unprecedented electricity demand driven by the global AI boom.

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Sectors

Sector Update: Energy Stocks Advance Late Afternoon

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index up 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.2%.The Philadelphia Oil Service Sector Index was down 0.3%, and the Dow Jones US Utilities Index was fractionally higher.President Donald Trump withdrew his proposal to charge a 20% toll on cargo transiting the Strait, according to his social media post on Tuesday. "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States." There will be a "FULL Blockade, but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo," Trump said on Truth Social.Front-month West Texas Intermediate crude oil rose 2% to $79.70 a barrel, and the global benchmark Brent crude contract gained 2.4% to $85.30 a barrel. Henry Hub natural gas futures increased 0.7% to $2.92 per 1 million BTU.In corporate news, Thomas Barrack, US special envoy for Syria and Iraq, has held talks with officials from both countries as well as Chevron (CVX) and other companies about reviving a defunct pipeline running from Iraq to the western coast of Syria, Bloomberg reported. Chevron shares were down 0.2%.Patterson-UTI Energy (PTEN) shares rose 1.6% after Piper Sandler upgraded the stock to overweight from neutral.Shell (SHEL) will receive a production-linked tax credit from Nigeria for its Bonga Southwest Aparo deepwater project, Bloomberg reported. Shell shares were up 0.4%.Bloom Energy (BE) short sellers have made key mistakes on the company's access to the rare-earth mineral scandium and ignore its recent filings showing it has resolved its sourcing constraints, RBC said in a note. Bloom Energy shares rose 4.2%.

$BE$CVX$PTEN$SHEL
Sectors

Sector Update: Energy Stocks Decline Tuesday Afternoon

Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index falling 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.2%.The Philadelphia Oil Service Sector Index was down 0.3%, and the Dow Jones US Utilities Index decreased 0.2%.President Donald Trump withdrew his proposal to charge a 20% toll on cargo transiting the Strait, according to his social media post on Tuesday. "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States." There will be a "FULL Blockade, but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo," Trump said on Truth Social.Front-month West Texas Intermediate crude oil rose 1.2% to $79.04 a barrel, and the global benchmark Brent crude contract gained 1.5% to $84.53 a barrel. Henry Hub natural gas futures decreased 0.1% to $2.89 per 1 million BTU.In corporate news, Shell (SHEL) will receive a production-linked tax credit from Nigeria for its Bonga Southwest Aparo deepwater project, Bloomberg reported. Shell shares were up 0.3%.Bloom Energy (BE) short sellers have made key mistakes on the company's access to the rare-earth mineral scandium and ignore its recent filings showing it has resolved its sourcing constraints, RBC said in a note to investors on Tuesday. Bloom Energy shares rose 2.7%.American Resources' (AREC) ReElement Technologies unit received a $25 million investment from the US Department of Defense through the Industrial Base Fund to expand domestic rare earth refining capacity at its Marion, Indiana, facility, the company said Tuesday. American Resources shares jumped past 6%.

$AREC$BE$SHEL
Wire

Bloom Energy Shares 'Attractive,' Raw Material Concerns Overblown, UBS Says

Bloom Energy (BE) shares are offering an "attractive" buy opportunity, as concerns over scandium sourcing are overstated, UBS Securities said in a note Thursday.The report said the firm has developed a robust and diversified supply network with meaningful redundancy embedded within its procurement strategy.Bloom is protecting its supply-chain advantages and competitive positioning rather than evidence of an inability to scale with limited disclosure on sourcing arrangements, the report said.The note added that the market is conflating a lack of public disclosure with a lack of supply availability."We remain constructive on Bloom's ability to meet future demand requirements and scale operations over time," the note said. UBS kept its buy rating and $350 price target.Price: $236.09, Change: $-20.93, Percent Change: -8.14%

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Sectors

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index falling 1.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 1.4%.The Philadelphia Oil Service Sector Index dropped 1.4%, and the Dow Jones US Utilities Index decreased 0.4%.Crude oil prices fell in the aftermath of Washington degrading Iran's capability to attack commercial ships transiting the Strait of Hormuz. US Central Command overnight hit 90 Iranian military targets, according to its social media post on X, after striking 80 on the previous night following Iran's attacks on three commercial ships transiting the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.Front-month West Texas Intermediate crude oil fell 2.5% to $71.72 a barrel, and the global benchmark Brent crude contract dropped 2.6% to $75.97 a barrel.US natural gas stocks rose by 61 billion cubic feet in the week ended July 3, larger than the 58 billion cubic foot increase expected in a survey compiled by Bloomberg and following an increase of 87 billion cubic feet in the previous week.Henry Hub natural gas futures slumped 6.3% to $3.01 per 1 million BTU.In corporate news, Chevron (CVX) is poised to post Q2 earnings above Wall Street's expectations on stronger crude prices and improved refining margins, UBS Securities said in a note. Chevron shares were down 1.4%.Bloom Energy (BE) shares were up 2.5% after the company rejected claims made in a short seller report as "false and misleading." Hunterbrook Media's report alleged Bloom Energy relies on Chinese suppliers for scandium, a key material used in its fuel cells.BP (BP) will push decision-making closer to the "frontline" and seek greater financial accountability and discipline, said Meg O'Neill, the British energy giant's new CEO, on LinkedIn. BP shares fell 1.6%.TotalEnergies (TTE) shares were shedding 0.7% after the company said it sold its 170-megawatt distributed solar portfolio in seven European countries to Amarenco and AMPYR Distributed Energy.

$BE$BP$CVX$TTE
Sectors

Sector Update: Energy

Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index falling 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 1.4%.The Philadelphia Oil Service Sector Index dropped 1.5%, and the Dow Jones US Utilities Index decreased 0.3%.Front-month West Texas Intermediate crude oil fell 2.6% to $71.59 a barrel, and the global benchmark Brent crude contract dropped 2.8% to $75.86 a barrel. Henry Hub natural gas futures slumped 6.4% to $3.01 per 1 million BTU.In corporate news, Bloom Energy (BE) shares were up 1% after the company rejected claims made in a short seller report as "false and misleading." Hunterbrook Media's report alleged Bloom Energy relies on Chinese suppliers for scandium, a key material used in its fuel cells.

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Wire

Bloom Energy to Gain From AI Power Demand, Brookfield Deal, New Grid Rules, UBS Says

Bloom Energy (BE) could win more large data center orders as its expanded Brookfield Asset Management partnership, fast delivery times, utility deals and easier grid rules support wider use of its fuel cells, UBS said in a note Tuesday.The Brookfield partnership has grown to $25 billion from $5 billion and should help Bloom Energy expand its power systems for artificial intelligence data centers worldwide, UBS said, adding that it expects more orders from AI companies and utilities, including growth from Bloom Energy's work with Nebius (NBIS), Oracle (ORCL) and American Electric Power (AEP).Data center operators are likely to focus more on the full cost of getting reliable power rather than only the cost of producing electricity, and Bloom Energy compares well under this measure because its systems can provide steady power near data centers and reduce the need for costly grid, storage and backup upgrades, according to the note.New US rules that may speed up grid connections for large power users could also help Bloom Energy, especially as data centers may need to cover the cost of grid improvements, the investment firm said.UBS kept its buy rating for Bloom Energy and raised its price target to $350 from $322, while adding that 2028 sales estimates have been increased to $8.84 billion from $8.51 billion amid expectations for higher demand.Price: $299.26, Change: $-3.44, Percent Change: -1.14%

$AEP$BE$BN$NBIS$ORCL
Wire

UBS Adjusts Bloom Energy Price Target to $350 From $322, Maintains Buy Rating

UBS Adjusts Bloom Energy Price Target to $350 From $322, Maintains Buy Rating

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Commodities

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Wednesday Ahead of Fed Chair Warsh's International Debut

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.2%, and the actively traded Invesco QQQ Trust (QQQ) retreated by 0.5% in Wednesday's premarket activity, ahead of remarks from Federal Reserve Chair Kevin Warsh in his first international speech at the European Central Bank's annual forum in Portugal.US stock futures were also lower, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.3%, and Nasdaq futures retreating 0.4% before the start of regular trading.Mortgage applications rose by 0.04% in the week ended June 26, according to Mortgage Bankers Association data released Wednesday.Outplacement firm Challenger, Gray & Christmas said on Wednesday that companies planned to cut 45,849 jobs in June, well below 97,006 in May and down from 47,999 a year ago.ADP's monthly measure of private payrolls showed a 98,000 increase in June, well below expectations compiled by Bloomberg as of 7:35 am ET for an increase of 120,000.Warsh is slated to speak at 9 am ET.The final Purchasing Managers' manufacturing index for June will be released at 9:45 am ET, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am ET.The weekly EIA domestic petroleum inventories report is due at 10:30 am ET.In premarket action, bitcoin was down by 0.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% lower, Ether ETF (EETH) retreated by 0.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.1%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.4%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were flat.Bloom Energy (BE) stock was up more than 7% before the opening bell after Brookfield Asset Management (BAM) expanded its strategic partnership with Bloom, increasing its financing framework for artificial intelligence infrastructure power projects to $25 billion from $5 billion.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.5% higher.Klarna (KLAR) shares traded up more than 7% in early hours activity after a court ruled in favor of its PriceRunner unit, awarding it $1.97 billion in damages in an antitrust lawsuit against Alphabet's (GOOG, GOOGL) Google.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.04%, the Vanguard Health Care Index Fund (VHT) was up 0.2%, while the iShares US Healthcare ETF (IYH) slipped 0.03%. The iShares Biotechnology ETF (IBB) was 0.1% lower.Alvotech (ALVO) stock was up more than 3% premarket after the company said it has amended its agreements with GoldenTree Asset Management and other lenders to obtain a term loan facility of up to $75 million in additional capital.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated by 0.2%, and the iShares US Consumer Staples ETF (IYK) was up 0.2%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained marginally by 0.02%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was inactive.Kroger (KR) shares were down more than 2% pre-bell after the company said it has agreed to acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, expanding its presence across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.7%, and the iShares US Technology ETF (IYW) was 0.1% lower, while the iShares Expanded Tech Sector ETF (IGM) was up 0.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was down 0.6%, while the iShares Semiconductor ETF (SOXX) fell by 1.6%.Microsoft (MSFT) shares were up more than 1% in Premarket activity after Business Insider reported the technology giant is planning to cut "thousands" of roles in sales and consulting, in addition to its Xbox gaming division.EnergyThe iShares US Energy ETF (IYE) was 1.5% higher, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.3%.Shell (SHEL) stock was down more than 1% before market open, a day after Bloomberg News reported the company is close to a deal to sell over 600 retail fuel outlets in South Africa to Abu Dhabi National Oil's retail arm for a deal valued at around $1 billion.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.5% to $69.14 per barrel on the New York Mercantile Exchange. Natural gas was down by 1.3% to $3.23 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 1.5%, while the United States Natural Gas Fund (UNG) was 0.6% lower.Gold futures for July were up by 0.2% to $4,046.90 an ounce on the Comex. Silver futures was down by 0.9% to $59.40 an ounce. SPDR Gold Shares (GLD) advanced by 0.3%, and the iShares Silver Trust (SLV) was 0.6% lower.

Dow JonesNasdaq CompositeS&P 500$ALVO$BAM$BE$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$GOOG$GOOGL$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$KLAR$KR$MSFT$PMR$QQQ$RTH$SHEL$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Commodities

Bloom Energy Expands Brookfield Power Partnership to $25 Billion

Bloom Energy (BE) has expanded its strategic partnership with Brookfield, expanding the financing of global AI infrastructure power projects fivefold to $25 billion to meet surging demand for clean onsite power, the company said on Tuesday.The funding will be utilized to scale up deployment of Bloom's fuel cell technology globally, it said.Bloom Energy Chief Commercial Officer Aman Joshi said the milestone reflects strong market momentum and the volume of large-scale deals.The agreement leverages funding from Brookfield's dedicated AI Infrastructure Fund, positioning Bloom Energy as a provider capable of bypassing grid capacity delays to deliver immediate power solutions for data center operators.

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