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Asia Markets

European Equities Traded in the US as American Depositary Receipts Drop in Thursday Trading

European equities traded in the US as American depositary receipts were trending lower late Thursday morning, declining 0.41% to 1,938.57 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company Cellectis (CLLS) and accommodations booking site trivago (TRVG), which advanced 1.6% and 1.1% respectively. They were followed by medical device maker EDAP TMS (FOCL) and 3D printer company Materialise (MTLS), which increased 1.2% and 0.8% respectively.The decliners from continental Europe were led by biotech firm Evaxion (EVAX) and biopharmaceutical company DBV Technologies (DBVT), which lost 5% and 2.7% respectively. They were followed by biotech firm BioNTech (BNTX) and biopharmaceutical company Grifols (GRFS), which were down 1.8% and 1.7% respectively.The gainers from the UK were led by software firm Endava (DAVA) and biopharmaceutical company Akari Therapeutics (AKTX), which were up 2% and 1.6% respectively. They were followed by telecommunications operator Vodafone Group (VOD) and pharmaceutical company AstraZeneca (AZN), which rose 1.2% and 1.5% respectively.The decliners from the UK and Ireland were led by mining company BHP Group (BHP) and biotech firm Trinity Biotech (TRIB), which fell 4.7% and 5.6% respectively. They were followed by biopharmaceutical companies Amarin (AMRN) and Biodexa Pharmaceuticals (BDRX), which dropped 2.2% and 3% respectively.

$AKTX$AMRN$AZN$BDRX$BHP$BNTX$CLLS$DAVA$DBVT$EVAX$FOCL$GRFS$MTLS$TRIB$TRVG$VOD
Wire

BHP Faces Class Action Funded by Australian Mining Union Over Public Holiday Shifts

BHP Group (BHP) faces a class-action lawsuit funded by the Mining and Energy Union for allegedly forcing employees to work on public holidays in Australia, the union said Thursday.The suit seeks compensation for up to 7,000 people employed by the mining company's labor hire units between late 2019 and early 2023, the union said.BHP is currently challenging the underlying legal principle of the workplace law in court ahead of a November hearing, the union added.BHP did not immediately respond to' request for comment.Shares of the company were down 5.3% in early Thursday trading.Price: $87.35, Change: $-4.90, Percent Change: -5.31%

$BHP
Asia Markets

European Equities Traded in the US as American Depositary Receipts Fall in Tuesday Trading

European equities traded in the US as American depositary receipts were tracking lower late Tuesday morning, declining 0.46% to 1,968.02 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biotech firm Evaxion (EVAX) and telecommunications company Nokia (NOK), which rose 2.6% and 6.5% respectively. They were followed by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which were up 2.3% and 2.2% respectively.The decliners from continental Europe were led by biotech firm BioNTech (BNTX) and internet browser company Opera (OPRA), which fell 4.9% and 2% respectively. They were followed by biopharmaceutical companies argenx (ARGX) and Cellectis (CLLS), which were down 2.2% and 0.3%, respectively.The gainers from the UK were led by biopharmaceutical company Akari Therapeutics (AKTX) and oil and gas company BP (BP), which increased 2% and 2.5% respectively. They were followed by mining company BHP Group (BHP) and oil and gas company Shell (SHEL), which advanced 3.4% and 2.5% respectively.The decliners from the UK and Ireland were led by software firm Endava (DAVA), which lost 6.2%. It was followed by biotech firm Autolus Therapeutics (AUTL) and pharmaceutical company Silence Therapeutics (SLN), which dropped 3.6% and 3.4% respectively.

$AKTX$ARGX$AUTL$BHP$BNTX$BP$CLLS$DAVA$E$EQNR$EVAX$NOK$OPRA$SHEL$SLN
Asia Markets

Update: US Equity Futures Mixed Pre-Bell as Traders Assess August Employment Report

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Friday as traders parsed the employment report for August for a view on how the labor market is faring.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were down 0.3%, and Nasdaq futures were 0.1% higher.Federal Reserve Governor Christopher Waller told Reuters Thursday he is leaning toward keeping interest rates steady at the central bank's September meeting if upcoming inflation data shows that price pressures are continuing to moderate. However, he added, "If inflation comes in hot, I would consider a rate hike."The EU has formally joined US-led economic sanctions on Iran. In a post on X, US Treasury Secretary Scott Bessent said, "The world is sending a clear message to the Iranian regime: We will not stop until every remaining financial lifeline has been severed."Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $94.89 per barrel and US West Texas Intermediate crude 0.9% lower at $90.48 per barrel.The August national unemployment rate was reported at 4.1%, unchanged from the prior month and meeting expectations according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 1.3% higher, Hong Kong's Hang Seng ended 1.7% higher, and China's Shanghai Composite finished 0.3% lower. Meanwhile, the UK's FTSE 100 was flat, and Germany's DAX index was 0.4% higher in Europe's early afternoon session.In equities, Tesla (TSLA) shares dropped 3.1% after the US National Highway Traffic Safety Administration said that the company's Cybercab is under investigation over the process used to claim compliance with federal vehicle safety standards. BHP Group (BHP) stock was down 1.8% after the company said it was aware of recent media speculation regarding a potential partnership involving part of its Western Australia Iron Ore business. Lululemon Athletica (LULU) shares fell more than 20% after the company reported late Thursday a decline in its fiscal Q2 results and cut its full-year outlook.On the winning side, Nvidia (NVDA) shares rose 1.1% after a CNBC report that the company has increased its equity investments more than ten-fold in the past year to $99 billion as of July 26. United Microelectronics (UMC) stock was up 2.3% after the company reported sales of 25.04 billion New Taiwan dollars ($790.6 million) in August, up 30.71% from a year earlier.

Dow JonesNasdaq CompositeS&P 500$BHP$LULU$NVDA$TSLA$UMC
Asia Markets

European Equities Traded in the US as American Depositary Receipts Edge Higher in Thursday Trading

European equities traded in the US as American depositary receipts were edging higher late Thursday morning, rising 0.29% to 1,969.29 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by accommodations booking site trivago (TRVG) and biopharmaceutical company Cellectis (CLLS), which rose 6.2% and 6% respectively. They were followed by software firm SAP (SAP) and biotech firm Evaxion (EVAX), which were up 3.6% and 1.3% respectively.The decliners from continental Europe were led by healthcare tech company Royal Philips (PHG) and telecommunications company Nokia (NOK), which fell 2.5% and 2.2% respectively. They were followed by petroleum refiner Equinor (EQNR) and consumer goods company Unilever (UL), which were down 1.2% and 0.5% respectively.The gainers from the UK were led by communications company WPP (WPP) and telecommunications operator Vodafone Group (VOD), which climbed 7.1% and 3.4% respectively. They were followed by software firm Endava (DAVA), which advanced 2.9%.The decliners from the UK and Ireland were led by biopharmaceutical company NuCana (NCNA) and alcoholic beverage company Diageo (DEO), which lost 2% and 1.4% respectively. They were followed by mining company BHP Group (BHP), which decreased 0.7%.

$BHP$CLLS$DAVA$DEO$EQNR$EVAX$NCNA$NOK$PHG$SAP$TRVG$UL$VOD$WPP
Asia Markets

European Equities Traded in the US as American Depositary Receipts Track Higher in Wednesday Trading

European equities traded in the US as American depositary receipts were trending higher late Wednesday morning, rising 0.50% to 1,960.43 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biotech firm Evaxion (EVAX) and semiconductor company Sequans Communications (SQNS), which rose 4% and 3.6% respectively. They were followed by pharmaceutical company Novo Nordisk (NVO) and lender ING Group (ING), which were up 3.5% and 2.9% respectively.The decliners from continental Europe were led by internet browser company Opera (OPRA) and petroleum refiner Equinor (EQNR), which dropped 2.3% and 1.5% respectively. They were followed by telecommunications companies Nokia (NOK) and Ericsson (ERIC), which lost 0.8% and 0.7% respectively.The gainers from the UK were led by hospitality company InterContinental Hotels Group (IHG) and biopharmaceutical company Bicycle Therapeutics (BCYC), which advanced 4.1% and 3.1% respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and mining company BHP Group (BHP), which increased 1.5% and 1.4% respectively.The decliners from the UK and Ireland were led by educational publisher Pearson (PSO) and biotech firm Trinity Biotech (TRIB), which fell 2.8% and 2.5% respectively. They were followed by communications company WPP (WPP) and biopharmaceutical company Mereo BioPharma Group (MREO), which were down 2.4% and 2.3% respectively.

$BCYC$BDRX$BHP$EQNR$ERIC$EVAX$IHG$ING$MREO$NOK$NVO$OPRA$PSO$SQNS$TRIB$WPP
Wire

Update: Market Chatter: Vale, BHP Compensation Deal For Mariana Dam Collapse Joined by 19 More Brazilian Cities

(Updates with BHP's response in the fourth paragraph.)Vale (VALE), BHP's (BHP) agreement regarding compensation for the Mariana dam collapse in 2015 has been joined by 19 new cities, Reuters reported late Thursday, citing a Brazilian court.This means that the deal, which was signed and ratified in October 2024, now has the support of 45 of the 49 municipalities eligible to receive funds, the report said.The Brazilian court said it remains available to accept any future consent from the four remaining cities that have yet to join the agreement, the report added.A spokesperson for BHP toldin an emailed response that the development "reflects a constructive, Brazil-led process that further strengthens the agreement as the principal framework for resolving claims arising from the Fundao dam failure."Vale did not immediately respond 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: $15.16, Change: $+0.57, Percent Change: +3.87%

$BHP$VALE
Asia Markets

European Equities Traded in the US as American Depositary Receipts Track Higher in Friday Trading

European equities traded in the US as American depositary receipts were trending higher late Friday morning, rising 0.74% to 1,979.62 on the S&P Europe Select ADR Index, which is up 0.55% for the week so far.From continental Europe, the gainers were led by accommodations booking site trivago (TRVG) and biotech firm BioNTech (BNTX), which advanced 7.2% and 6.2%, respectively. They were followed by lender Banco Santander (SAN) and furniture maker Natuzzi (NTZ), which rose 2.9% and 1.7%, respectively.The decliners from continental Europe were led by biopharmaceutical company Cellectis (CLLS) and oil and gas company Eni (E), which dropped 4.2% and 1.2%, respectively. They were followed by medical device maker EDAP TMS (FOCL) and healthcare tech company Royal Philips (PHG), which were off 1.1% and 0.4%, respectively.The gainers from the UK were led by biotech firm Trinity Biotech (TRIB) and biopharmaceutical firm Bicycle Therapeutics (BCYC), which climbed 6.6% and 4.3%, respectively. They were followed by mining company BHP Group (BHP) and lender Lloyds Banking Group (LYG), which were up 2.9% and 2.1%, respectively.The decliners from the UK and Ireland were led by telecommunications operator Vodafone Group (VOD) and biotech firm Autolus Therapeutics (AUTL), which lost 0.5% and 0.4% respectively. They were followed by alcoholic beverage company Diageo (DEO) and hospitality company Intercontinental Hotels Group (IHG), which were down 0.3% each.

$AUTL$BCYC$BHP$BNTX$CLLS$DEO$E$FOCL$IHG$LYG$NTZ$PHG$SAN$TRIB$TRVG$VOD
Asia Markets

European Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading

European equities traded in the US as American depositary receipts were tracking higher late Wednesday morning, rising 0.68% to 1,973.64 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biotech firm BioNTech (BNTX) and biopharmaceutical company Grifols (GRFS), which advanced 24% and 5.6% respectively. They were followed by semiconductor company Sequans Communications (SQNS) and biopharmaceutical company argenx (ARGX), which rose 3.3% and 3% respectively.The decliners from continental Europe were led by internet browser company Opera (OPRA) and biotech firm Evaxion (EVAX), which fell 7.9% and 6% respectively. They were followed by accommodations booking site Trivago (TRVG) and telecommunications company Nokia (NOK), which were down 4.3% and 1.6% respectively.The gainers from the UK were led by biotech firm Autolus Therapeutics (AUTL) and mining company BHP Group (BHP), which increased 9.2% and 4.5% respectively. They were followed by software firm Endava (DAVA) and biopharmaceutical company Bicycle Therapeutics (BCYC), which were up 4% and 3.4% respectively.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which dropped 3.5% and 1.9% respectively. They were followed by insurance company Prudential (PUK) and medical device maker Smith & Nephew (SNN), which lost 1.3% and 1.1% respectively.

$ARGX$AUTL$BCYC$BDRX$BHP$BNTX$DAVA$EVAX$GRFS$NOK$OPRA$PUK$SNN$SQNS$TRIB$TRVG
Wire

Correction: BHP's Fiscal 2026 Earnings, Revenue Rise

(Corrects FactSet estimates for underlying earnings, revenue.)BHP Group (BHP) reported fiscal year 2026 underlying earnings of $2.60 per basic share, up from $2.00 a year earlier.Analysts polled by FactSet expected $2.50.Revenue for the year ended June 30 was $58.76 billion, up from $51.26 billion a year earlier.Analysts polled by FactSet expected $58.23 billion.BHP shares were up nearly 1% in afternoon trading.Price: $89.20, Change: $+0.82, Percent Change: +0.93%

$BHP
Sectors

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%.The Philadelphia Oil Service Sector Index was up 0.4%, and the Dow Jones US Utilities Index was decreasing 0.6%.Oil prices rose Monday as the 60-day ceasefire between the US and Iran expired, with no signs of near-term engagement prospects. The US and Iran agreed to a memorandum of understanding to end their war in June and negotiate a final deal. However, the truce apparently collapsed as tensions over the control of the Strait of Hormuz escalated.Front-month West Texas Intermediate crude oil rose 2.3% to $84.31 a barrel, and the global benchmark Brent crude contract added 2.4% to $90.66 a barrel. Henry Hub natural gas futures fell 1.5% to $2.69 per 1 million BTU.In corporate news, Chevron (CVX) said Monday that its Cabinda Gulf Oil unit has made an oil and gas condensate discovery offshore Angola. The company said the well, which was drilled in the Lower Congo Basin, reached an oil and gas condensate column of more than 600 meters with more than 90 meters of net pay in reservoir quality rock. Chevron shares rose 1.5%.Palantir (PLTR) Co-Founder Peter Thiel has acquired over 1.1 million American depositary shares in Vista Energy (VIST) worth about $75.9 million, according to a filing with the US Securities and Exchange Commission. Vista Energy shares gained 5.7%.Fermi (FRMI) shares were down nearly 4% after it received a subpoena from the US District Court for the Eastern District of New York on July 30 requesting documents related to Project Matador, the company and certain former management members.NexGen Energy (NXE) is sharing information and holding talks with BHP (BHP) about its Rook I mining project in Saskatchewan, as it seeks to raise $1 billion in capital over the next nine months, Reuters reported, citing NexGen CEO Leigh Curyer. NexGen shares rose 3.3%, and BHP added 1.6%.

$BHP$CVX$FRMI$NXE$VIST
Sectors

Sector Update: Energy

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%.The Philadelphia Oil Service Sector Index was up 0.4%, and the Dow Jones US Utilities Index was decreasing 0.6%.Front-month West Texas Intermediate crude oil rose 2.3% to $84.31 a barrel, and the global benchmark Brent crude contract added 2.4% to $90.66 a barrel. Henry Hub natural gas futures fell 1.5% to $2.69 per 1 million BTU.In corporate news, NexGen Energy (NXE) is sharing information and holding talks with BHP (BHP) about its Rook I mining project in Saskatchewan, as it seeks to raise $1 billion in capital over the next nine months, Reuters reported, citing NexGen CEO Leigh Curyer. NexGen shares rose 3.6%, and BHP added 1.2%.

$BHP$NXE
Wire

Market Chatter: NexGen in Talks With BHP About Uranium Project in Saskatchewan

NexGen Energy (NXE) is sharing information and holding talks with BHP Group (BHP) about its Rook I mining project in Saskatchewan, as it seeks to raise $1 billion in capital over the next nine months, Reuters reported Monday, citing NexGen CEO Leigh Curyer.In response to questions about a potential equity partnership with BHP, Curyer said BHP has acquired substantial land near the Rook project in the Athabasca basin, according to the report.NexGen Energy and BHP Group did not immediately respond to' requests 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: $10.80, Change: $+0.41, Percent Change: +3.95%

$BHP$NXE
Asia Markets

European Equities Traded in the US Rise in Thursday Trading

European equities traded in the US as American depositary receipts were higher late Thursday morning, rising 0.45% to 1,969.72 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company Cellectis (CLLS) and biotech firm Evaxion (EVAX), which rose 4.9% and 2.9% respectively. They were followed by telecommunications company Nokia (NOK) and healthcare tech company Royal Philips (PHG), which increased 2.8% and 1.9% respectively.The decliners from continental Europe were led by Ascendis Pharma (ASND) and petroleum refiner Equinor (EQNR), which fell 3.8% and 2.8% respectively. They were followed by oil and gas company Eni (E) and pharmaceutical company Novo Nordisk (NVO), which were down 1.8% and 0.7% respectively.The gainers from the UK were led by Autolus Therapeutics (AUTL) and Silence Therapeutics (SLN), which rose 4.7% and 3.6% respectively. They were followed by software firm Endava (DAVA) and British American Tobacco (BTI), which were up 3.3% and 2.9% respectively.The decliners from the UK and Ireland were led by Trinity Biotech (TRIB) and Mereo BioPharma Group (MREO), which lost 3% and 2.5% respectively. They were followed by mining firm BHP (BHP) and oil and gas company BP (BP), which fell 1.8% and 1.5% respectively.

$ASND$AUTL$BHP$BP$BTI$CLLS$DAVA$E$EQNR$EVAX$MREO$NOK$NVO$PHG$SLN$TRIB
Asia Markets

European Equities Traded in US as ADRs Advance in Tuesday Trading

European equities traded in the US as American depositary receipts rose late Tuesday morning with the S&P Europe Select ADR Index gaining 0.6% to 1,941.81.From continental Europe, the gainers were led by semiconductor company Sequans Communications (SQNS) and medical device maker EDAP TMS (FOCL), which climbed 11% and 5.3%, respectively. They were followed by telecommunications company Nokia (NOK) and internet ad firm Criteo (CRTO), which advanced 5.2% and 3.2%, respectively.The decliners from continental Europe were led by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which fell 2.1% and 1.8%, respectively. They were followed by accommodations platform trivago (TRVG) and pharmaceutical company Ascendis Pharma (ASND), which were down 0.9% each.The gainers from the UK were led by mining company BHP Group (BHP) and pharmaceutical company Silence Therapeutics (SLN), which rose 3.8% and 3%, respectively. They were followed by biotech firm Autolus Therapeutics (AUTL) and lender Barclays (BCS), which were up 2.5% and 1.3%, respectively.The decliners from the UK and Ireland were led by medical device maker Smith & Nephew (SNN) and oil and gas company BP (BP), which dropped 5.8% and 4%, respectively. They were followed by educational publisher Pearson (PSO) and oil and gas company Shell (SHEL), which lost 1.6% and 1.4%, respectively.

$ASND$AUTL$BCS$BHP$BP$CRTO$E$EQNR$FOCL$NOK$PSO$SHEL$SLN$SNN$SQNS$TRVG
Asia Markets

European Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading

European equities traded in the US as American depositary receipts were climbing sharply higher late Tuesday morning, rising 1.57% to 1,909.91 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by telecommunications company Nokia (NOK) and biopharmaceutical company argenx (ARGX), which rose 5.5% and 2.3% respectively. They were followed by lender Banco Bilbao Vizcaya Argentaria (BBVA)and oil and gas company Eni (E), which were up 2.2% and 0.9% respectively.The decliners from continental Europe were led by software firm SAP (SAP) and consumer goods company Unilever (UL), which fell 1.7% and 1.3% respectively. They were followed by healthcare tech company Royal Philips (PHG) and 3D printer company Materialise (MTLS), which were down 1% and 0.8%. respectivelyThe gainers from the UK were led by mining company BHP Group (BHP) and lender Lloyds Banking Group (LYG), which advanced 2.7% and 2.1%, respectively. They were followed by lender Barclays (BCS) and biotech firm Autolus Therapeutics (AUTL), which gained 2% and 0.9%, respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX) and communications company WPP (WPP), which lost 6.3% and 4.3% respectively. They were followed by telecommunications operator Vodafone Group (VOD) and tobacco company British American Tobacco (BTI), which dropped 1.2% and 1% respectively.

$AKTX$ARGX$AUTL$BBVA$BCS$BHP$BTI$E$LYG$MTLS$NOK$PHG$SAP$UL$VOD$WPP
Sectors

Sector Update: Energy Stocks Advance Late Afternoon

Energy stocks were slightly higher late Friday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each increasing 0.2%.The Philadelphia Oil Service Sector Index was adding 1.2%, and the Dow Jones US Utilities Index was up 0.6%.Front-month West Texas Intermediate crude oil fell 0.7% to $71.56 a barrel, and the global benchmark Brent crude contract decreased 0.2% to $76.12 a barrel. Henry Hub natural gas futures dropped 2.3% to $2.94 per 1 million BTU.In sector news, the International Energy Agency on Friday projected a smaller decline in global oil demand in 2026 amid signs of a rebound in consumption as crude flows improve. The agency now expects oil consumption to fall by 1 million barrels per day this year, compared with a 1.1 million-barrel drop forecast in June. That would mark the first annual contraction since 2020, CNBC reported.In corporate news, Sempra (SRE) said Thursday it appointed Justin Bird as chief financial officer and Karen Sedgwick as president and chief executive of Southern California Gas. The appointments will take effect when the company's planned sale of a 45% stake in Sempra Infrastructure to KKR (KKR) affiliates closes. Sempra expects the deal to close in Q3. Sempra shares were down 0.5%.BHP (BHP) is mulling the sale of a desalination plant in Chile, along with its electricity transmission assets, as it focuses on its core copper business, Bloomberg reported. The electricity transmission assets are expected to fetch about $1 billion to $1.3 billion, while the desalination plant could raise about $500 million to $700 million, the report said. BHP shares were up 2.4%.South Bow's (SOBO) subsidiaries South Bow USA and South Bow Infrastructure Operations have agreed to pay more than $26 million to settle allegations that the 2022 Keystone Pipeline rupture in Kansas violated the Clean Water Act, the Environmental Protection Agency, the Department of Justice and the State of Kansas said Friday. South Bow shares were down 0.8%.Plains All American Pipeline's (PAA) Q2 results are likely to be pressured by the company's recent sale of its Canadian natural gas liquids business, UBS Securities said Thursday in a report. Plains All American shares were fractionally higher.

$BHP$PAA$SOBO$SRE
Sectors

Sector Update: Energy

Energy stocks were slightly higher late Friday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) up 0.1% each.The Philadelphia Oil Service Sector Index was adding 1.2%, and the Dow Jones US Utilities Index was up 0.6%.Front-month West Texas Intermediate crude oil fell 0.7% to $71.56 a barrel, and the global benchmark Brent crude contract decreased 0.2% to $76.12 a barrel. Henry Hub natural gas futures dropped 2.3% to $2.94 per 1 million BTU.In corporate news, BHP (BHP) is mulling the sale of a desalination plant in Chile, along with its electricity transmission assets, as it focuses on its core copper business, Bloomberg reported. The electricity transmission assets are expected to fetch about $1 billion to $1.3 billion, while the desalination plant could raise about $500 million to $700 million, the report said. BHP shares were up 2.6%.

$BHP
Wire

Market Chatter: BHP Weighs Sale of Chile Desalination Plant, Electricity Transmission Assets

BHP (BHP) is mulling the sale of a desalination plant in Chile, along with its electricity transmission assets, as it focuses on its core copper business, Bloomberg reported Friday, citing people familiar with the matter.The electricity transmission assets are expected to fetch approximately $1 billion to $1.3 billion, while the desalination plant could raise about $500 million to $700 million, the people reportedly said.BHP has not identified potential bidders, since the deal is still pending, according to the report.BHP did not immediately respond to a request for comment by.(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: $81.97, Change: $+2.06, Percent Change: +2.58%

$BHP
International

Update: US Equity Futures Edge Higher Pre-Bell as Tech Stocks Rebound, Oil Prices Fall

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures edged higher pre-bell Wednesday as technology stocks rebounded after a broad sell-off in the sector, and oil prices continued to decline.S&P 500 futures were up 0.2%, Nasdaq futures were 0.4% higher, and Dow Jones Industrial Average futures were steady.Micron Technology (MU) stock was up 3.8% in premarket activity after falling 13% on Tuesday. The company is set to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $20.83 per share on revenue of $35.85 billion.President Donald Trump, in a post on Truth Social, called out oil companies for not lowering gasoline pump prices amid the recent drop in crude prices and said he has instructed the US Department of Justice to look into the issue. "Gasoline prices better start going down a lot faster than what I'm seeing!" Trump said.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.8% at $74.64 per barrel and US West Texas Intermediate crude 2.9% lower at $71.07 per barrel.May new home sales, due at 10 am ET, are seen at 640,000, up from 622,000 previously, according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 0.9% lower, Hong Kong's Hang Seng ended 0.3% higher, and China's Shanghai Composite finished 0.1% higher. Meanwhile, the UK's FTSE 100 was up 0.2%, and Germany's DAX index was 0.9% lower in Europe's early afternoon session.In equities, shares of AMD (AMD), Intel (INTC), ARM (ARM) were higher as part of a wider rebound in technology stocks. AMD shares rose 0.8%, Intel stock was up 1%, and ARM shares were 3% higher.On the losing side, BHP (BHP) stock was down 1.7% after Australian labor unions representing Port Hedland workers said that they have not yet reached an agreement with the company on wages and working conditions. FedEx (FDX) shares fell 6.1% after the company provided a calendar-year earnings outlook below analysts' consensus. Cerebras Systems (CBRS) stock was down more than 9% after the company posted a worse-than-expected Q1 net loss.

Dow JonesNasdaq CompositeS&P 500$AMD$ARM$BHP$CBRS$FDX$INTC$MU

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