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Sectors

Sector Update: Financial Stocks Decline Wednesday Afternoon

Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index down 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.8%.The Philadelphia Housing Index dropped 3.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.3%.Bitcoin (BTC-USD) was decreasing 0.2% to $63,732, and the yield for 10-year US Treasuries was rising 4.7 basis points to 4.651%.In economic news, the US Federal Reserve is likely to remain on hold in the 3.5% to 3.75% target range in July, according to the CME FedWatch tool. However, the probability that the target rate for fed funds will increase to 4.25%-4.5% in December jumped to 17% as of Wednesday afternoon from 9% a month ago, implying a significant tightening bias among some market participants.In corporate news, Visa (V) shares rose 1.8%. The company reported fiscal Q3 results above consensus estimates as consumer and business spending helped drive annual gains in payments volume.CBIZ (CBZ) agreed to be acquired by accounting and advisory firm Grant Thornton Advisors in an all-cash deal worth about $5 billion, creating one of the largest providers of professional services, tax and advisory services in the US. CBIZ shares jumped 17%.NextEra Energy (NEE) and Brookfield (BN) are part of a strategic partnership group that will develop a data center campus at the Energy Department's Paducah Site in Kentucky for $100 billion, according to a joint statement. Brookfield shares were down 1.8%.

$BN$CBZ$V
Wire

Top Midday Stories: Stocks Down, Oil Up as Trump Vows Strong Response to Iran Attacks; Vertiv Q2 Revenue Misses Estimates

All three major US stock indexes were down in late-morning trading Wednesday after President Trump vowed to hit Iran hard in response to recent attacks on US forces in Jordan and ahead of the Federal Reserve's decision on interest rates to be announced in the afternoon.In company news, Vertiv Holdings (VRT) reported Q2 adjusted earnings Wednesday of $1.52 per diluted share, up from $0.95 a year earlier and above the FactSet consensus analyst estimate of $1.42. Second-quarter revenue was $3.27 billion, up from $2.64 billion a year ago but below the FactSet consensus of $3.38 billion. For full-year 2026, the company expects adjusted diluted EPS of $6.65 to $6.75, above the FactSet consensus of $6.49. Vertiv said it expects Q3 adjusted diluted EPS of $1.77 to $1.83, in line with the FactSet consensus of $1.79. Vertiv shares were down 12.8% around midday.CBIZ (CBZ) agreed to be acquired by Grant Thornton Advisors in an all-cash deal with an enterprise value of $5 billion, the companies said Wednesday. Under the deal terms, CBIZ shareholders will receive $55 in cash per share, the companies said. CBIZ shares were up 16.8% around midday.The UK's Competition and Markets Authority said Wednesday it is investigating whether Microsoft (MSFT) provided pertinent information on changes to Microsoft 365 personal and family subscription plans. Microsoft shares were up 0.3%.NextEra Energy (NEE) and Brookfield (BN) are part of a strategic partnership group that will develop a data center campus at the Energy Department's Paducah Site in Kentucky for $100 billion, according to a joint statement. Big Rivers Electric Power, Jackson Purchase Energy Cooperative and Paducah Power System are also in the partnership. NextEra shares were down 0.1%, while Brookfield shares were down 2.2%.Morgan Stanley's (MS) mortgage bankers have allegedly been pressured to approve mortgages for wealthy clients despite underwriting concerns, The Wall Street Journal reported Wednesday, citing current and former employees, emails and internal documents. Morgan Stanley shares were down 3.3%.Price: $54.55, Change: $+7.85, Percent Change: +16.81%

$BN$CBZ$MS$MSFT$NEE$VRT
Sectors

Sector Update: Financial Stocks Rise Late Afternoon

Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.5%.The Philadelphia Housing Index was falling 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.4%.Bitcoin (BTC-USD) was declining 2.7% to $62,004, and the yield for 10-year US Treasuries was rising 4 basis points to 4.609%.In corporate news, First Hawaiian (FHB) agreed to buy TriCo Bancshares (TCBK) in an all-stock deal to create one of the largest banks in the western US. First Hawaiian shares were down 3.4%, and TriCo jumped past 12%.Brookfield (BN) is in advanced talks to acquire a stake in Hudson Square Properties in a deal that would value the office portfolio at $3.5 billion, The Wall Street Journal reported. Brookfield shares were down 1.1%.Saudi digital services provider NourNet is working with Goldman Sachs (GS) and HSBC (HSBC) on a potential IPO that could take place as early as this year, Bloomberg reported. Goldman shares were down 1%, and HSBC was shedding 1.3%.Mastercard (MA) shares were rising 2%. The Financial Times reported Sunday the company is exploring the sale of a majority stake in its UK payments infrastructure subsidiary Vocalink potentially back to British banks.

$BN$FHB$GS$HSBC$MA$TCBK
Sectors

Sector Update: Financial Stocks Advance Monday Afternoon

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.4%.The Philadelphia Housing Index was falling 1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.Bitcoin (BTC-USD) was declining 3% to $62,136, and the yield for 10-year US Treasuries was rising 4.5 basis points to 4.614%.In corporate news, First Hawaiian (FHB) agreed to buy TriCo Bancshares (TCBK) in an all-stock deal to create one of the largest banks headquartered in the western US, with combined assets of about $34 billion. First Hawaiian shares were down 3.7%, and TriCo jumped past 11%.Brookfield (BN) is in advanced talks to acquire a stake in Hudson Square Properties in a deal that would value the office portfolio at $3.5 billion, The Wall Street Journal reported. Brookfield shares were down 1%.Deutsche Bank (DB) has hired four private bankers from Standard Chartered, including Managing Director Eleftherios Sachanidis, as the German lender builds out its wealth management operations in Dubai, Bloomberg reported. Deutsche shares were shedding 1.5%.

$BN$DB$FHB$TCBK
Wire

Update: Market Chatter: Brookfield in Talks to Acquire Stake in Hudson Square Properties in NYC

(Updates with Brookfield's response to a request for comment in the last paragraph.)Brookfield (BN) is in advanced talks to acquire a stake in Hudson Square Properties in a deal that would value the office portfolio at $3.5 billion, The Wall Street Journal reported late Sunday, citing a person familiar with the matter.Under the deal, which is expected to close in the coming months, Brookfield would own 10% of the complex and would take over as its long-term operating partner, the report said, citing the person.Brookfield declined to comment to.(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: $43.34, Change: $-0.39, Percent Change: -0.89%

$BN
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
Commodities

AI Boom to Drive Data Center Fuel Cell Investment to $30 Billion by 2030, Rystad Says

Data center developers are poised to increase spending on fuel-cell power systems more than tenfold by 2030 as the artificial intelligence boom strains electricity grids and forces operators to seek alternative energy sources, Rystad Energy strategists said in a note on Thursday.Rystad analysts said revenue from fuel-cell deployments for data centers is projected to surge to about $30 billion by 2030, from about $2.8 billion in 2025.The forecast underscores how the rapid expansion of AI infrastructure is reshaping energy investment patterns, with developers increasingly turning to on-site generation to avoid grid connection delays.The shift comes as US grid interconnection timelines for large power loads have stretched to between three and six years, about triple the waiting period seen in 2015.Rystad analysts said that, as a result, about 40% of the projected US data center capacity by 2030 is expected to pursue dedicated on-site power generation rather than relying solely on utility networks.Fuel cells, renewable natural gas or hydrogen, are emerging as one of the leading solutions for securing reliable electricity supplies.The analysts said that, unlike large-scale gas-fired power plants, fuel-cell systems can be deployed relatively quickly while producing lower on-site emissions.The growing appetite for fuel-cell power is reflected in a contracted order book totaling about 9 gigawatts, including framework agreements with major operators such as Oracle (ORCL), American Electric Power Company (AEP), Equinix (EQIX) and Brookfield (BN).Rystad projects that cumulative fuel-cell demand from data centers will reach 10.4 GW between 2026 and 2030."Power availability has become one of the defining constraints on data center growth, and operators are increasingly looking beyond the grid for solutions," said Lein Mann Bergsmark, vice president of clean-tech supply chain research at Rystad Energy."Fuel cells have moved from a niche application to a measurable part of the firm power mix."North America is forecasted to dominate the market, accounting for about 91% of installed global on-site power-generation capacity by 2030.The region benefits from persistent grid bottlenecks, federal tax incentives and a well-established fuel-cell manufacturing ecosystem.Manufacturers are already moving to capitalize on the opportunity. Rystad said that aggregate operational and planned fuel-cell manufacturing capacity is projected to rise to 4 GW per year by 2030, compared with about 1.8 GW currently.Solid oxide fuel cells have emerged as the preferred technology for continuous data center operations, accounting for about 53% of cumulative stationary fuel-cell deliveries globally.Rystad projected that overall SOFC system costs will drop by 20% to 25% by 2030 as manufacturers ramp up output, which is expected to rise from 1.8 GW currently to 4 GW per year by 2030.Price: $152.50, Change: $-5.03, Percent Change: -3.19%

$AEP$BN$EQIX$ORCL
Sectors

Sector Update: Financial

Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.3%.The Philadelphia Housing Index was climbing 5.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.8%.Bitcoin (BTC-USD) was dropping 4.6% to $59,574, and the yield for 10-year US Treasuries was falling 8.3 basis points to 4.41%.In corporate news, Brookfield Asset Management (BAM) and the Artificial Intelligence Infrastructure Partnership are among possible bidders for Stack Infrastructure's data centers in Asia Pacific, Bloomberg reported. Other potential suitors include KKR (KKR), the report said. Brookfield shares were down 3.3%, and KKR shed 1.4%.

$BN$KKR
Sectors

Sector Update: Financial Stocks Decline Premarket Monday

Financial stocks were declining premarket Monday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% lower.Robinhood Markets (HOOD) stock was down more than 1% after the company said it plans to offer $2 billion worth of convertible senior notes due 2029 in a private placement.Brookfield (BN) is seeking a loan of 750 million Australian dollars ($525.1 million) to fund a payout to investors of La Trobe Financial and refinance existing debt, Bloomberg reported, citing unnamed people familiar with the matter. Brookfield shares were 1% higher pre-bell.Carlyle Group (CG) is working with its portfolio managers to proactively evaluate and then possibly de-risk assets from weather-related damage, Bloomberg reported. Carlyle Group stock was up more than 3% premarket.

$BN$CG$FAS$FAZ$HOOD$XLF
Sectors

Sector Update: Financial Stocks Rise Late Afternoon

Financial stocks rose in late Friday afternoon trading, with the NYSE Financial Index increasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.4%.The Philadelphia Housing Index advanced 0.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.3%.Bitcoin (BTC-USD) was falling 2.3% to $75,797, and the yield for 10-year US Treasuries declined 2.8 basis points to 4.558%.In economic news, Kevin Warsh was sworn in as chair of the US Federal Reserve in a ceremony at the White House, media outlets reported Friday. Warsh returns to the Fed after serving as a board member from 2006 to 2011, the reports said.The University of Michigan consumer sentiment index was revised down to 44.8 for May from 48.2 preliminary, compared with expectations for a no revision in a Bloomberg survey and a drop from the final 49.8 in April.The Conference Board's measure of leading indicators rose by 0.1% in April following a 0.6% decrease in March.In corporate news, JPMorgan Chase (JPM) is in discussions with investors over a deal to offload some of its risk exposure to over $4 billion in private equity-linked net asset value loans, the Financial Times reported. JPMorgan shares rose 1.1%.Brookfield (BN) is among the companies exploring a potential deal that could value fertility clinic operator Fakih IVF at about $1 billion, the Financial Times reported. Brookfield shares were fractionally higher.Citigroup (C) plans to direct a substantial portion of its wealth management hiring toward Asia, Reuters reported, citing an interview with Andy Sieg, head of the bank's global wealth business. Citi shares were fractionally lower.Mastercard (MA) is looking to minimize its losses from Banco Master's failure by asking some of Brazil's largest payment processors to help foot the bill, Bloomberg reported. Mastercard shares were slightly lower.

$BN$C$JPM$MA
Wire

Market Chatter: Brookfield Among Firms Exploring Deal for Fakih IVF

Brookfield (BN) is among the companies exploring a potential deal that could value fertility clinic operator Fakih IVF at about $1 billion, the Financial Times reported Friday, citing people familiar with the matter.The report said TA Associates and Indian healthcare company Cloudnine are also interested in a potential transaction.Discussions are ongoing and the companies have not made a final decision, according to the report.Fakih IVF is currently owned by Blue Ocean Health.Brookfield and Blue Ocean Health 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: $45.34, Change: $-0.10, Percent Change: -0.23%

$BN
Research

Research Alert: CFRA Retains Hold Rating On Shares Of Brookfield Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our CAD70 applying a conservative equity risk premium and a forward P/E of 14.3x compared to the five-year historical average at 16.0x that assumes a more conservative valuation framework. We are monitoring the pace of monetization across its operating businesses and distributions to limited partners in all private funds. BN's financial results are reported in U.S. dollars and our valuation metric takes into account the foreign exchange rate of USD1 equals CAD1.37. We think BN is well positioned for 2026 growth across all businesses. We decrease our 2026 distributed earnings (DE) by USD $0.20 to USD2.90 and 2027's by USD 0.10 to USD3.50, both just below the consensus, as we assess BN's realizations from investments that impact earnings in coming quarters. In Q1 2026, cash distributions were supported by solid operating earnings in BN's infrastructure, energy, and private equity businesses. BN believes capital markets remain constructive for high-quality, cash-flowing assets, including real estate.

$BN
Sectors

Sector Update: Financial Stocks Advance Pre-Bell Thursday

Financial stocks were advancing pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.6%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.8% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.8%.Brookfield (BN) stock was up 0.6% after the company reported higher Q1 distributable earnings and revenue.Fiserv (FISV) shares were up more than 2% after the company said it is working with OpenAI to integrate advanced AI capabilities into its platforms, aiming to help financial institutions modernize operations and support efficiency.Brookfield Asset Management (BAM) is nearing a $935 million loan to help fund its acquisition of World Freight from EQT and PAI Partners, Bloomberg News reported, citing sources familiar with the matter. Brookfield Asset Management stock was up more than 1% premarket.

$BAM$BN$FAS$FAZ$FISV$XLF
Sectors

Sector Update: Financial

Financial stocks were advancing pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.5%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.1%.Brookfield (BN) stock was up more than 1% after the company reported higher Q1 distributable earnings and revenue.

$BN
Asia Markets

US Equity Futures Rise Pre-Bell After S&P 500, Nasdaq Set New Highs Amid US-China Meeting

US equity futures were rising pre-bell Thursday as technology stocks drove new record highs for the S&P 500 and the Nasdaq Composite while traders kept a close eye on the high-stakes meeting between US President Donald Trump and Chinese leader Xi Jinping.Dow Jones Industrial Average futures were 0.8% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.3% higher.On Wednesday, the S&P 500 advanced nearly 0.6% to close at 7,444.25, while the Nasdaq Composite rose 1.2% to end at 26,402.34, with both setting new closing records. Cisco Systems (CSCO) shares were up 15% after the company posted higher fiscal Q3 results and announced restructuring plans that included lay-offs of nearly 4,000 employees.At the start of a two-day summit, Xi told Trump that US-China trade talks were progressing positively, but warned that disagreement over Taiwan could lead to a dangerous situation and even cause conflict.Traders also mulled the latest round of earnings, with Brookfield (BN) reporting higher Q1 distributable earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $104.90 per barrel and US West Texas Intermediate crude 0.7% lower at $100.33 per barrel.US retail sales rose by 0.5% in April, as expected in a survey compiled by Bloomberg as of 7:35 am ET and following the previous month's 1.6% gain.US import prices rose by 1.9% in April, above the 1% increase expected in a survey compiled by Bloomberg as of 7:35 am ET and faster than a 0.9% gain in March.US initial jobless claims rose to a level of 211,000 in the week ended May 9 from a downwardly revised 199,000 level in the previous week, compared with expectations for a smaller increase to 205,000 in survey of analysts compiled by Bloomberg.Federal Reserve Kansas City President Jeffrey Schmid, Cleveland President Beth Hammack, New York President John Williams, and Governor Michael Barr are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 1% lower, Hong Kong's Hang Seng ended flat, and China's Shanghai Composite finished 1.5% lower. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 1.3% higher in Europe's early afternoon session.In equities, Nvidia (NDA), Applied Materials (AMAT), and Marvell Technology (MRVL) joined Cisco in an upswing of technology stocks that lifted the market. Nvidia stock was up 2.1%, Applied Materials shares rose 1.9%, and Marvell stock was up 2.8%.On the losing side, Alibaba (BABA) and JD.com (JD) shares were down 3.1% and 1.7%, respectively, after a Reuters report said that they were among the roughly 10 Chinese companies that have secured US clearance to purchase Nvidia's H200 artificial intelligence chip, without a single delivery being made so far.

Dow JonesNasdaq CompositeS&P 500$AMAT$BABA$BN$CSCO$JD$MRVL$NVDA
Research

Research Alert: Brookfield Corporation Reports Distributable Earnings Beat In Q1 2026

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BN, one of the largest ALT firms, delivered Q1 2026 results with distributable earnings of $0.66 per share vs. consensus of $0.63, up from $0.65 a year ago. Asset Management showed robust performance with fee-bearing capital rising 12% to $614B and DE growing 12% to $765M, driven by $21B in Q1 fundraising. BN continues expanding technology investments with $2B in SpaceX shares and strategic energy partnerships, including $80B of nuclear plants through Westinghouse. Management expects to close its seventh vintage flagship private equity strategy soon, while the planned BN-BNT combination should enhance capital efficiency. BN maintains $188B of deployable capital, including $74B of cash and financial assets plus $114B of uncalled commitments. The company has $11.8B of accumulated unrealized carried interest positioned for realization. Just Group acquisition is expected to increase insurance assets to $180B, while BN returned $1.45B to shareholders through $878M in repurchases and $574M in dividends.

$BN
Japan

US Equity Futures Rise Pre-Bell After S&P 500, Nasdaq Set New Highs Amid US-China Meeting

US equity futures were higher pre-bell Thursday as technology stocks drove new record highs for the S&P 500 and the Nasdaq Composite while traders kept a close eye on the high-stakes meeting between US President Donald Trump and Chinese leader Xi Jinping.Dow Jones Industrial Average futures were 0.7% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.2% higher.On Wednesday, the S&P 500 advanced nearly 0.6% to close at 7,444.25, while the Nasdaq Composite rose 1.2% to end at 26,402.34, with both setting new closing records. Cisco Systems (CSCO) shares were up 15% after the company posted higher fiscal Q3 results and announced restructuring plans that included lay-offs of nearly 4,000 employees.At the start of a two-day summit, Xi told Trump that US-China trade talks were progressing positively, but warned that disagreement over Taiwan could lead to a dangerous situation and even cause conflict.Traders also mulled the latest round of earnings, with Brookfield (BN) reporting higher Q1 distributable earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.4% at $105.24 per barrel and US West Texas Intermediate crude 0.5% lower at $100.56 per barrel.Investors also await the US retail sales bulletin for April, an early view into consumer responses to higher fuel bills, set for release in Washington at 8:30 am ET.The weekly jobless claims bulletin, scheduled for release at 8:30 am ET, is expected to show 205,000 new unemployment claims for the week ended May 9, compared with 200,000 in the prior week, according to estimates compiled by Bloomberg. The April retail sales report is forecast to show a 0.5% gain following a 1.7% increase in the previous month.The April import price index is expected to show a 1% month-over-month increase after a 0.8% gain previously. The export price index is projected to rise 1.2%, compared with a gain of 1.6% previously.Federal Reserve Kansas City President Jeffrey Schmid, Cleveland President Beth Hammack, New York President John Williams, and Governor Michael Barr are slated to speak on Thursday.

Dow JonesNasdaq CompositeS&P 500$BN$CSCO
Asia Markets

US Equity Futures Slightly Lower Pre-Bell as Trump Rejects Iran's Response to Peace Proposal, Oil Prices Rise

US equity futures were marginally lower pre-bell Monday as President Donald Trump rejected Iran's response to the US peace proposal, sending oil prices higher amid concerns that the closure of the Strait of Hormuz would be prolonged.Dow Jones Industrial Average futures were flat, S&P 500 futures were down 0.2%, and Nasdaq futures were 0.1% lower.Trump said in a post on Truth Social that he found Iran's response "totally unacceptable." Iran's response had included a demand for war reparations, an end to sanctions, full sovereignty over the Strait of Hormuz, and the release of frozen Iranian assets, the country's state media had said.Energy firm Constellation Energy (CEG) was one of the first companies to kick off earnings this week, posting higher Q1 adjusted earnings and revenue. Among the companies reporting financial results this week are Petrobras (PBR), Cisco Systems (CSCO), Alibaba Group (BABA), Applied Materials (AMAT), and Brookfield (BN).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.8% at $104.11 per barrel and US West Texas Intermediate crude 2.9% higher at $98.16 per barrel.Existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 2% for April after a decline of 3.6% in the prior month, according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 0.5% lower, Hong Kong's Hang Seng ended 0.1% higher, and China's Shanghai Composite finished 1.1% higher. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.5% lower in Europe's early afternoon session.In equities, Palantir Technologies (PLTR) stock was down 2.2% after the company's external staff and other consultants were provided unrestricted entry to identifiable medical records by the UK's National Health Service, according to a Financial Times report citing an internal briefing note.On the winning side, Intel (INTC) shares rose 5.2% after the company and Apple (AAPL) reached a preliminary agreement under which the chipmaker will make some of the chips powering Apple devices, according to a Wall Street Journal report on Friday. Barrick Mining (B) shares were up 3% after the company reported higher Q1 adjusted earnings and revenue. The mining firm also reduced its quarterly dividend and authorized a $3 billion share repurchase program. Constellation Energy (CEG) stock was up 1.3% after the company reported its Q1 financial results.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMAT$B$BABA$BN$CEG$CSCO$INTC$PBR$PLTR
Japan

US Equity Futures Largely Flat Pre-Bell as Trump Rejects Iran's Response to Peace Proposal, Oil Prices Rise

US equity futures were largely flat pre-bell Monday as President Donald Trump rejected Iran's response to the US peace proposal, sending oil prices higher amid concerns that the closure of the Strait of Hormuz would be prolonged.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were flat, and Nasdaq futures were 0.1% higher.Trump said in a post on Truth Social that he found Iran's response "totally unacceptable." Iran's response had included a demand for war reparations, an end to sanctions, full sovereignty over the Strait of Hormuz, and the release of frozen Iranian assets, the country's state media had said.Energy firm Constellation Energy (CEG) was one of the first companies to kick off earnings this week, posting higher Q1 adjusted earnings and revenue. Among the companies reporting financial results this week are Petrobras (PBR), Cisco Systems (CSCO), Alibaba Group (BABA), Applied Materials (AMAT), and Brookfield (BN).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.5% at $103.82 per barrel and US West Texas Intermediate crude 2.5% higher at $97.77 per barrel.Existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 2% for April after a decline of 3.6% in the prior month, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500$AMAT$BABA$BN$CEG$CSCO$PBR
Commodities

European Commission Approves Joint Acquisition of Mustang AIV

The European Commission on Tuesday approved a US renewable energy deal involving a consortium of three investors, citing limited impact on the European Economic Area under merger rules.The approval covers the joint acquisition of Mustang AIV by British Columbia Investment Management, Brookfield (BN), and Norges Bank Investment Management, the Commission said.The investors, based in Canada and Norway, will take shared control of the US-based entity as part of the transaction reviewed under European Union merger regulations.Mustang AIV's operations are mainly focused on renewable energy, particularly the generation and storage of electricity through solar and wind assets in the US.The Commission said the deal does not raise competition concerns, noting its minimal effect on markets within the European Economic Area.The transaction was assessed under the European Union's simplified merger review process, according to the European Commission.Price: $46.92, Change: $+0.26, Percent Change: +0.56%

$BN

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