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Wire

Alphabet's YouTube Premium to Expand Peacock Access

Alphabet's (GOOG, GOOGL) YouTube is expanding its partnership with Comcast's (CMCSA) NBCUniversal, with eligible YouTube Premium subscribers in the US soon gaining access to the ad-supported tier of Peacock Premium.Subscribers will be able to stream a larger lineup of live sports, Universal movies and original series through Peacock, YouTube said Monday in a statement.The companies also plan to introduce international bundles and upgraded Peacock plan options.NBCUniversal said in a statement the broader agreement extends its multiyear distribution partnership with YouTube TV and will also expand the reach of its international streaming services Universal+ and Hayu in select markets.Alphabet shares rose 2.3% in Monday trading, and Comcast gained 3.9%.Price: $326.44, Change: $+7.35, Percent Change: +2.30%

$CMCSA$GOOG$GOOGL
Wire

Goldman Sachs Trims Comcast Price Target to $25 From $26, Maintains Neutral Rating

Comcast (CMCSA) has an average rating of hold and mean price target of $31.70, 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: $22.32, Change: $-1.21, Percent Change: -5.12%

$CMCSA
Stocks Fall Pre-Bell Amid Rising Middle East Tensions; Traders Parse Alphabet, Tesla Results
US Markets

Stocks Fall Pre-Bell Amid Rising Middle East Tensions; Traders Parse Alphabet, Tesla Results

US equity markets were tracking in the red before the opening bell Thursday and oil prices rose amid escalating tensions in the Middle East, while investors digest the latest financial results of Alphabet (GOOG, GOOGL) and Tesla (TSLA).The S&P 500 and the Dow Jones Industrial Average declined 0.2% each in premarket activity, while the Nasdaq was off 0.3%. The indexes ended the previous trading session mostly down.The Iran-backed Houthi militants in Yemen reportedly claimed attacks on two Saudi Arabian oil tankers in the Red Sea on Wednesday, raising concerns that the conflict could spread to a new front in the Middle East, CNBC reported. The UK Maritime Trade Operations said Wednesday that an "unknown projectile" struck a Saudi Arabian oil tanker around 70 nautical miles southwest of Al Shuqaiq, Saudi Arabia.West Texas Intermediate crude oil climbed 3.7% to $89.99 a barrel before the open, while Brent increased 4.4% to $98.18.The US Central Command said Wednesday its forces struck Iran for the 12th consecutive night. In a social media post, President Donald Trump vowed to destroy an Iranian bridge or power plant every time Tehran attacks ships in the Strait of Hormuz.Iran's Islamic Revolutionary Guard Corps said it hit Jordan's King Faisal and Prince Hassan bases with missiles and drones, claiming to have targeted US military equipment in response to recent American strikes, CNN reported Wednesday.Treasury yields were trending higher in premarket action, with the two-year rate rising 1.3 basis points to 4.32% and the 10-year rate adding 1.8 basis points to 4.68%.Alphabet's (GOOG, GOOGL) class A and C shares were down roughly 4% each pre-bell after the Google parent announced in its second-quarter results that its capital expenditure doubled year over year. Tesla's stock dropped 5.9% as the electric vehicle manufacturer recorded an unexpected year-over-year decrease in its second-quarter earnings amid higher expenses related to research and development and artificial intelligence initiatives.ServiceNow (NOW) jumped 7.6% while IBM (IBM) edged down 0.6% early Thursday following their latest financial results.T-Mobile US (TMUS), Thermo Fisher Scientific (TMO), Union Pacific (UNP), Lockheed Martin (LMT), Blackstone (BX), Comcast (CMCSA) and Honeywell International (HON) are scheduled to release their quarterly earnings before the bell, among others. Intel (INTC) and Deckers Outdoor (DECK) are due to announce their results after the markets close.Thursday's economic calendar has the weekly jobless claims bulletin at 8:30 am ET, along with the Chicago Fed national activity index for June. The Kansas City Fed manufacturing index follows at 11 am.Gold fell 1.5% to $4,092 per troy ounce, while bitcoin slipped 0.2% to $65,732.

Dow JonesNasdaq CompositeS&P 500$BX$CMCSA$DECK$GOOG$GOOGL$HON$IBM$INTC$LMT$NOW$TMO$TMUS$TSLA$UNP
Wire

Comcast Expands Xfinity Coverage in Florida, Georgia

Comcast (CMCSA) has made Xfinity and Comcast Business services available to over 4,000 homes and businesses in Highlands County, Florida, including more than 1,800 previously unserved locations, the company said Monday.Comcast said it will continue expanding its network to over 1,200 additional locations in the county, with expected completion by the end of the year.In a separate statement, the company said it has also made Xfinity available to more than 3,300 homes and businesses in Georgia's Hancock and Glascock counties.Price: $23.85, Change: $+0.05, Percent Change: +0.23%

$CMCSA
Comcast's Universal Pictures Nets $264.1 Million Global Opening for 'The Odyssey'
US Markets

Comcast's Universal Pictures Nets $264.1 Million Global Opening for 'The Odyssey'

Comcast (CMCSA) unit Universal Pictures' "The Odyssey" adventure drama fantasy soared in its theatrical debut over the weekend, taking in $264.1 million worldwide and giving the studio a box office win.The film grossed $124.5 million domestically and $139.6 million internationally over its opening weekend, according to a report by IMDbPro.IMAX (IMAX) screenings powered the successful debut, generating $29.6 million domestically across 444 screens, nearly 24% of North American market share, and $22.2 million internationally, setting all-time IMAX opening records in 26 territories including France, Germany, and Mexico."'The Odyssey' is among a rarified group of instant classic blockbusters in IMAX history that fully leverage our platform; as bullish as we are on its success, our experience tells us that even we don't know how this movie will grow our brand and business," IMAX Chief Executive Rich Gelfond said.The film has yet to open in several major Asian markets, with IMAX rollout scheduled for South Korea on Aug. 5, China on Aug. 14, and Japan on Sept. 11.AMC Entertainment (AMC) said surging demand for "The Odyssey" drove six of its key US theaters to run showtimes around the clock for over 85 consecutive hours throughout the weekend. The film marked AMC's highest-grossing opening weekend for an R-rated title since 2024.North American moviegoers purchased roughly 7.5 million tickets for the picture's opening run, CNBC reported, citing EntTelligence data. Premium large formats accounted for 45% of total ticket volume with an average price tag of $19, while specialized 70mm viewings generated 5% of overall turnout at roughly $22.50 per ticket.AMC shares jumped 13% in recent trade Monday, while IMAX rose 0.8%. Comcast fell 0.8%.Price: $23.71, Change: $-0.09, Percent Change: -0.36%

$AMC$CMCSA$IMAX
Wire

JPMorgan Adjusts Price Target on Comcast to $29 From $33, Maintains Neutral Rating

Comcast (CMCSA) has an average rating of hold and mean price target of $32.13, 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: $23.27, Change: $+0.08, Percent Change: +0.34%

$CMCSA
Wire

Comcast Split Seen Boosting Deal Potential, UBS Says

Comcast's (CMCSA) plan to spin off NBCUniversal and Sky creates a clearer path for future mergers and acquisitions while reinforcing the long-term investment case for the company, UBS Securities said Monday in a report.Comcast will form two publicly traded companies, with the cable business remaining standalone and the media assets moving into a new entity. Comcast plans to retain a 19.9% stake in the media company and monetize that holding within a year of the separation, a move that should help strengthen the balance sheet, UBS said.The breakup makes both companies more likely to pursue deals over time, given competitive pressures in broadband and the smaller scale of NBCUniversal within the media landscape, UBS said.Recent transactions in the sector have intensified consolidation discussions, the report said.Current trading levels imply a low valuation for Comcast's media assets relative to peers, a gap that may narrow once the businesses are separated, the report said.UBS maintained its neutral rating on Comcast stock with a $32 price target.Price: $24.46, Change: $+0.23, Percent Change: +0.97%

$CMCSA
Research

Rosenblatt Upgrades Comcast to Buy From Neutral, Adjusts Price Target to $31 From $24

Comcast (CMCSA) has an average rating of hold and mean price target of $32.62, 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)

$CMCSA
Research

Deutsche Bank Upgrades Comcast to Buy From Hold, Adjusts Price Target to $32 From $34

Comcast (CMCSA) has an average rating of hold and mean price target of $32.62, 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)

$CMCSA
Update: Dow Posts New High to Kick Off Holiday-Shortened Trading Week
US Markets

Update: Dow Posts New High to Kick Off Holiday-Shortened Trading Week

(Updates with market moves at the end of the day.)The Dow Jones Industrial Average hit a fresh all-time high at the start of what will be a short trading week.The Dow rose 0.6% to settle at 52,182.7 on Monday, closing above 52,000 for the first time. The Nasdaq Composite advanced 2.1% to 25,820.1, while the S&P 500 climbed 1.2% to 7,440.3, with both indexes rebounding after a five-day losing streak. Among sectors, communication services paced the gainers, while materials saw the sharpest drop.The New York Stock Exchange and Nasdaq will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.Iran said that no talks were scheduled with the US in the coming days, despite President Donald Trump saying Washington will meet with Tehran in Qatar on Tuesday, CNN reported.Both sides engaged in attacks in and around the Strait of Hormuz.West Texas Intermediate crude oil was up 1.8% at $70.45 a barrel in Monday late-afternoon trade, while Brent advanced 1.1% to $72.78.US Treasury yields were higher, with the two-year rate up 1.1 basis points at 4.11% and the 10-year rate rising 0.7 basis points to 4.38%.In company news, Alphabet's (GOOGL) class A shares jumped 4.8%, the top gainer on the Dow, as the Google parent joined the index, replacing Verizon Communications (VZ), which fell 5.2%.Alphabet's class C shares (GOOG) rose 5%.Comcast (CMCSA) said it plans to split into two publicly traded companies, separating its NBCUniversal and Sky media businesses from its broadband and connectivity operations. Comcast shares advanced 4.5%.Honeywell International (HON) shares fell 6.4%, the worst performer on the Dow and third-biggest drop on the S&P 500. The company completed the spinoff of its aerospace business into an independent publicly traded company.Martin Marietta Materials (MLM) agreed to combine with limestone supplier Lhoist North America in a $13.5 billion deal. Shares of the American building materials supplier slumped 5.7%, among the steepest declines on the S&P 500.Nike (NKE), Constellation Brands (STZ) and General Mills (GIS) are expected to release their latest financial results this week.Gold was down 1.7% at $4,028.80 per troy ounce, while silver dropped 1% to $58.66 per ounce.

Dow JonesNasdaq CompositeS&P 500$CMCSA$GIS$GOOG$GOOGL$HON$MLM$NKE$STZ
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 2.5%.In corporate news, Comcast (CMCSA) said Monday it plans to split into two publicly traded companies, separating its NBCUniversal and Sky media businesses from its broadband and connectivity operations as the media giant aims to boost strategic focus for each unit. Comcast shares jumped past 5%.Hormel Foods (HRL) agreed to sell its Brazilian operations, housed under the Ceratti brand, to Zanchetta Alimentos. Hormel shares fell 1.1%.Amazon's (AMZN) Prime Day discounts generated over $26.4 billion in sales from June 23 to June 26, a 9.3% year-over-year increase, Reuters reported over the weekend, citing Adobe (ADBE) Analytics data. Amazon shares gained 3.2%.Honda Motor (HMC) is considering issuing euro-denominated bonds that could raise over 400 billion yen ($2.47 billion) to compensate parts makers after the company reversed its electric vehicle strategy, Nikkei Asia reported Monday. Honda shares rose 1.5%.

$AMZN$CMCSA$HMC$HRL
Update: Equities Rise Intraday as US, Iran Halt Hostilities Ahead of Qatar Meeting
US Markets

Update: Equities Rise Intraday as US, Iran Halt Hostilities Ahead of Qatar Meeting

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as Washington and Iran agreed to halt renewed hostilities, while US President Donald Trump said the two countries will hold a meeting Tuesday.The Nasdaq Composite was up 1.9% at 25,771.3 after midday Monday, while the S&P 500 rose 1.1% to 7,433.8. The Dow Jones Industrial Average advanced 0.7% to 52,217.3. Among sectors, communication services paced the gainers, while materials saw the sharpest drop.On Sunday, the US and Iran agreed to cease attacks on each other and allow commercial vessels to pass freely through the Strait of Hormuz, CNBC reported. "Technical talks are slated to continue on all areas of the (memorandum of understanding)," a US official told CNBC. "Both sides will stand down for now and vessels can move freely."In a social media post Monday, Trump said Iran has requested a meeting that will take place in Doha, Qatar, Tuesday.West Texas Intermediate crude oil was up 2.4% at $70.92 a barrel intraday Monday, while Brent advanced 1.8% to $73.31."Renewed US-Iran tensions failed to materially lift oil prices," ING Bank said in a note. "While the oil market is technically in oversold territory, momentum appears to still be to the downside."US Treasury yields were higher intraday, with the two-year rate up 2.5 basis points at 4.11% and the 10-year rate rising 1.3 basis points to 4.38%.In company news, Alphabet's (GOOGL) class A shares were up 4.8% intraday, the top gainer on the Dow, as the Google parent joined the index, replacing Verizon Communications (VZ), which fell 5.8% and was the second-worst performer on the S&P 500.Alphabet's class C shares (GOOG) rose 5.1%.Comcast (CMCSA) said it plans to split into two publicly traded companies, separating its NBCUniversal and Sky media businesses from its broadband and connectivity operations as the media giant aims to boost strategic focus for each unit. Comcast shares were up 5.7%.Honeywell International (HON) shares were down 2.7%, the worst performer on the Dow. The company completed the spinoff of its aerospace business into an independent publicly traded company.Nike (NKE), Constellation Brands (STZ) and General Mills (GIS) are expected to release their latest financial results this week. AeroVironment (AVAV) and Concentrix (CNXC) are scheduled to report after the closing bell Monday.Gold was down 1.4% at $4,040.50 per troy ounce, while silver dropped 1.1% to $58.56 per ounce.

Dow JonesNasdaq CompositeS&P 500$AVAV$CMCSA$CNXC$GIS$GOOG$GOOGL$HON$NKE$STZ
Sectors

Sector Update: Consumer Stocks Mixed Monday Afternoon

Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 2.5%.In corporate news, Comcast (CMCSA) said Monday it plans to split into two publicly traded companies, separating its NBCUniversal and Sky media businesses from its broadband and connectivity operations as the media giant aims to boost strategic focus for each unit. Comcast shares jumped past 6%.Honda Motor (HMC) is considering issuing euro-denominated bonds that could fetch over 400 billion yen ($2.47 billion) that will be used to compensate parts makers after the company reversed its electric vehicle strategy, Nikkei Asia reported Monday. Honda shares rose 1.6%.Amazon's (AMZN) Prime Day discounts generated over $26.4 billion in sales from June 23 to June 26, a 9.3% year-over-year increase, Reuters reported over the weekend, citing Adobe (ADBE) Analytics data. Amazon shares gained 3.4%.

$AMZN$CMCSA$HMC
Sectors

Sector Update: Consumer

Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 2%.In corporate news, Comcast (CMCSA) said Monday it plans to split into two publicly traded companies, separating its NBCUniversal and Sky media businesses from its broadband and connectivity operations as the media giant aims to boost strategic focus for each unit. Comcast shares jumped past 6%.

$CMCSA
Japan

Update: Communication Services, Consumer Discretionary Help Push US Equity Indexes Higher

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose amid standout gains in communication services and consumer discretionary in midday trading on Monday.The Nasdaq Composite jumped 1.4% to 25,646.1, the S&P 500 rose 0.8% to 7,412.5, and the Dow Jones Industrial Average advanced 0.5% to 52,123.5.Technology was among the top three gainers intraday. Materials and real estate led the decliners.In geopolitical news, President Donald Trump said the US will meet with Iran in Doha, Qatar, on Tuesday, after US officials said both sides agreed to "stand down for now" and that negotiations remained on track following strikes over the weekend, CNN reported Monday, adding that Iran has not confirmed that talks will take place.The front-month global benchmark North Sea Brent rose 1.3% to $72.95 per barrel, and the US West Texas Intermediate climbed 1.9% to $70.52 per barrel.Most US Treasury yields rose, with the 10-year up 1.1 basis points to 4.38%. The two-year rate jumped 2.9 basis points to 4.12%.Gold futures slumped 1.6% to $4,032.5, and silver futures dropped 2.5% to $57.73.

Dow JonesNasdaq CompositeS&P 500$CMCSA
Wire

Top Midday Stories: Comcast Plans to Separate Into Two Publicly Traded Companies; Rocket Lab to Acquire Iridium in $8 Billion Deal

All three major US stock indexes were up in late-morning trading Monday, as the US and Iran once again reportedly agreed to pause hostilities on Sunday.The US Supreme Court on Monday upheld a federal courts injunction preventing President Donald Trump from firing Federal Reserve Governor Lisa Cook before the conclusion of litigation.In company news, Comcast (CMCSA) plans to separate into two publicly traded companies through a tax-free spin-off of its NBCUniversal and Sky Businesses, the company said Monday. The separation, which is expected to be completed in about a year, would leave Comcast focused on its broadband and wireless operations, while NBCUniversal would include the Sky business along with its media, entertainment, streaming, studio, theme park, film and television assets, the company said. Comcast shares were up 7% around midday.Rocket Lab (RKLB) said Monday it has agreed to acquire Iridium Communications (IRDM) in a cash-and-stock deal with an enterprise value of about $8 billion. Under the agreement, Iridium shareholders will receive $27 in cash plus Rocket Lab stock. The deal is expected to close in mid-2027, pending regulatory and shareholder approvals, the company said. Rocket Lab shares were up 8.7%, while Iridium shares were up 22.1%.Martin Marietta Materials (MLM) said Monday it has entered into a definitive agreement to combine with Lhoist Group subsidiary Lhoist North America for $13.5 billion in cash and shares of Martin Marietta common stock. The deal is expected to close in H2, subject to regulatory approvals, the company said. Martin Marietta shares were down 6%.Amazon's (AMZN) Prime Day discounts generated over $26.4 billion in sales from June 23-26, a 9.3% year-over-year increase, Reuters reported over the weekend, citing Adobe (ADBE) Analytics data. Amazon shares were up about 4%.Price: $24.79, Change: $+1.62, Percent Change: +6.97%

$AMZN$CMCSA$IRDM$MLM$RKLB
Comcast to Separate Media and Technology Businesses in Spinoff
US Markets

Comcast to Separate Media and Technology Businesses in Spinoff

Comcast (CMCSA) said Monday it plans to split into two publicly traded companies, separating its NBCUniversal and Sky media businesses from its broadband and connectivity operations as the media giant aims to boost strategic focus for each unit.The proposed spinoff, expected to be tax-free, is anticipated to be completed in about one year, subject to customary conditions, including board approval. Upon completion, Comcast shareholders will own shares in both Comcast and NBCUniversal.Comcast's shares rose about 20% in the most recent premarket activity.After completion of the proposed separation, Comcast will focus on its broadband, wireless and business services operations. NBCUniversal, together with Sky, will become an independent publicly traded company with media and entertainment assets including theme parks, film and television studios, NBC and Telemundo networks, Peacock and Bravo.Brian Roberts, chairman and co-chief executive officer of Comcast, will remain actively involved in the leadership of both companies. "The transaction we are announcing will unlock a more entrepreneurial management approach and open up a multitude of new opportunities for each business," Roberts said in a statement.Mike Cavanagh, who currently serves as co-chief executive officer of Comcast, will become CEO of NBCUniversal, while former Chief Financial Officer Michael Angelakis will return as CEO of Comcast following the separation."Comcast will continue to build on its leadership in connectivity, while NBCUniversal, together with Sky, will have the scale, brands, content and financial resources to compete as a premier global media and entertainment company," Cavanagh said.Comcast said it expects to retain up to a 19.9% stake in NBCUniversal for up to one year after the spin-off.Comcast earlier this year completed the spinoff of its cable TV networks and digital assets into the separately traded company Versant Media (VSNT).The latest separation announcement comes as media companies pursue consolidation to gain scale. Earlier this month, Fox (FOX, FOXA) agreed to acquire Roku (ROKU) in a cash-and-stock deal that values the TV streaming platform at about $22 billion.Earlier this year, Paramount Skydance (PSKY) agreed to acquire rival Warner Bros. Discovery (WBD) in a deal with an enterprise value of $110 billion. The US Justice Department's antitrust division recently cleared the deal.

$CMCSA$ROKU$VSNT$WBD
Stocks Rise Pre-Bell as US-Iran Agree to Halt Renewed Hostilities; Traders Await Fresh Labor Data
US Markets

Stocks Rise Pre-Bell as US-Iran Agree to Halt Renewed Hostilities; Traders Await Fresh Labor Data

The benchmark US stock measures were tracking in the green before the opening bell Monday as the US and Iran agreed to halt renewed hostilities, while traders await fresh labor market data later in the holiday-shortened week.The S&P 500 rose 0.5%, the Dow Jones Industrial Average increased 0.2% and the Nasdaq added 0.8% in premarket activity. The indexes finished Friday trading lower, with the Nasdaq extending its losses for a fifth consecutive session.US markets will be closed on Friday for the July 4 Independence Day holiday.The US and Iran agreed on Sunday to cease attacks on each other and allow commercial vessels to pass freely through the Strait of Hormuz, CNBC reported. "Technical talks are slated to continue on all areas of the (memorandum of understanding)," a US official told CNBC. "Both sides will stand down for now and vessels can move freely."The US launched a fresh round of strikes against multiple targets in Iran over the weekend, the US Central Command said in a statement on Saturday. The attacks came amid reports that Iran had carried out strikes on eight key US military installations across the Middle East.Last week, President Donald Trump accused Tehran of violating the ceasefire agreement signed earlier in the month by attacking ships passing through the strait with drones. "There may come a point when we are no longer able to be reasonable, and will be forced to militarily complete the job that we very successfully started," Trump said in a social media post on Saturday.West Texas Intermediate crude oil inclined 1.7% to $70.42 a barrel before the open, while Brent advanced 1.4% to $72.96.Investors will be looking ahead to fresh labor market data later this week, beginning with the Job Openings and Labor Turnover Survey for May on Tuesday, followed by the ADP employment report and the Challenger Job Cut report, both for June, on Wednesday. The government's nonfarm payrolls data for June is scheduled to be released on Thursday.Treasury yields were trending upwards in premarket action, with the two-year rate increasing 2.1 basis points to 4.11% and the 10-year rate rising 1 basis point to 4.38%.Last week, government data showed that consumer spending rose more than projected in May, while the Federal Reserve's preferred inflation metric accelerated to the fastest reading in more than two years.Minneapolis Federal Reserve President Neel Kashkari reportedly said Friday that an interest rate increase looks necessary this year.Consumer sentiment increased in June amid moderating gasoline prices, while inflation expectations eased, according to a survey by the University of Michigan on Friday.Monday's thin economic calendar has the Dallas Fed manufacturing survey for June at 10:30 am ET.Comcast (CMCSA) shares jumped 18% pre-bell after the company announced plans to separate its media and technology businesses into two publicly traded entities. Verizon Communications (VZ) edged down 0.2% as the telecommunications giant agreed with UK-based BT Group to combine their international businesses in a joint venture.Nike (NKE), Constellation Brands (STZ) and General Mills (GIS) are expected to release their latest financial results this week. AeroVironment (AVAV) and Concentrix (CNXC) post their earnings after the markets close Monday.Gold declined 1.1% to $4,052 per troy ounce, while bitcoin gained 1.3% to $60,117.

Dow JonesNasdaq CompositeS&P 500$AVAV$CMCSA$CNXC$GIS$NKE$STZ$VZ
Asia Markets

Tech Rout Ebbs, Wall Street Up Pre-Bell; Asia Gains, Europe Off

Wall Street futures pointed moderately higher pre-bell Monday as last week's tech rout receded and traders looked for entry points.Fresh Persian Gulf hostilities helped lift WTI crude futures to $69.81 a barrel, up 0.8%, although recent media reports indicate the regional ceasefire is again back on.In the futures, the S&P 500 rose 0.8%, the Nasdaq inclined 1.2% and the Dow Jones was up 0.4%.The VanEck Semiconductor ETF (SMH) was up 1.5% pre-bell.Investors await key US employment market reports from Washington this week, being the Job Openings and Labor Turnover Survey, or JOLTS, bulletin for May, slated for a Tuesday morning release, followed on Thursday by the national employment report for June.Asian exchanges traded mostly higher overnight, while European bourses edged lower midday on the continent.Comcast (CMCSA) traded up 20.7% after the media and telecom conglomerate disclosed plans to spin off its NBCUniversal and Sky businesses into two independent publicly traded companies.Nike (NKE), Constellation Brands (STZ), and General Mills (GIS) release earnings results later this week.On the economic calendar is the Dallas Fed Manufacturing Survey for June at 10:30 am ET.In premarket action, Bitcoin traded at $60,081, West Texas Intermediate crude oil traded up 0.8% at $69.81, and 10-year US Treasuries offered 4.38%. Spot gold commanded $4,033 an ounce.

Dow JonesNasdaq CompositeS&P 500$CMCSA
Wire

Market Chatter: Paramount's Warner Bros. Takeover Set to Get EU Approval

Paramount Skydance's (PSKY) $111 billion acquisition of Warner Bros. Discovery (WBD) is set to receive the approval of the European Commission, provided the media company accepts certain remedies, the Financial Times reported Wednesday, citing two people involved in the discussions.The precise remedies are still being discussed between the companies and antitrust enforcers, and they could include a requirement for Paramount to exit a joint venture with Comcast's (CMCSA) Universal Pictures, the report said.Paramount declined to comment, while the European Commission didn't immediately reply to a request for comment from(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: $9.81, Change: $+0.09, Percent Change: +0.95%

$CMCSA$PSKY$WBD

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