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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
Brown-Forman Maintains Full-Year Guidance as First-Quarter Sales Miss Views
US Markets

Brown-Forman Maintains Full-Year Guidance as First-Quarter Sales Miss Views

Brown-Forman (BF.A, BF.B) reiterated its guidance for fiscal 2027 organic sales on Wednesday as it flagged continuing consumer headwinds that drove weaker-than-expected first-quarter top-line.For the ongoing fiscal year, the parent of Jack Daniel's whiskey continues to expect roughly flat organic sales. Analysts in a FactSet poll are looking for full-year reported sales of $3.95 billion, compared with $3.93 billion in fiscal 2026.Brown-Forman continues to project a 3% to 5% decline in organic operating income for the current fiscal year.For the quarter ended July 31, revenue slipped 1% to $911 million, below Wall Street's $914.8 million view for the class B listing. Earnings per share rose to $0.38 from $0.36."We anticipate the operating environment for fiscal 2027 to remain challenging, as macroeconomic pressures and geopolitical instability continue to negatively impact consumer behavior and beverage alcohol consumption, particularly within developed markets," the company said in its earnings release.Analysts at RBC Capital Markets had seen a challenging first-quarter setup for the wine and spirits maker given a tough comparison and cautious consumer sentiment. In a note e-mailed Tuesday, RBC analysts pointed to severe US spirits headwinds reported by Brown-Forman's competitors, Diageo (DEO) and Pernod Ricard.Beer maker Molson Coors Beverage (TAP) last month reported a 3.3% annual drop in second-quarter net sales as heightened global macroeconomic headwinds weighed on consumer behavior. Earlier this year, Constellation Brands, the maker of Modelo and Corona, posted stronger-than-expected fiscal first-quarter results despite what its chief executive described as "a discerning and value-conscious consumer environment."In the US, consumer sentiment dropped in August amid concerns that inflation will continue to be high for the "foreseeable future," University of Michigan said Friday. Inflation concerns appear to be intensifying as renewed US-Iran hostilities have driven oil prices higher.Brown-Forman said its first-quarter net sales in the US dropped 3% year on year, driven by the end of the Korbel relationship, lower distributor inventories and volume declines for Jack Daniel's Tennessee Blackberry. Sales fell 6% in developed international markets and grew 11% in emerging markets.Sales of whiskey products were flat and tequila revenue plunged 12%, countering 20% sales growth in the ready-to-drink segment.Brown-Forman's class A and B shares rose 2.7% and 3.2%, respectively, in Wednesday trade. They are up 5.4% and 4.3% so far this year.

$BF.A$BF.B$DEO$STZ$TAP$TAP.A
Asia Markets

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

European equities traded in the US as American depositary receipts were marginally higher late Friday morning, edging up 0.03% to 1,963.94 on the S&P Europe Select ADR Index, which is off 0.5% for the week.From continental Europe, the gainers were led by accommodations booking site trivago (TRVG) and medical device maker EDAP TMS (FOCL), which rose 3.7% and 0.7% respectively. They were followed by consumer goods company Unilever (UL), which was up 0.7% respectively.The decliners from continental Europe were led by biotech firms BioNTech (BNTX) and DBV Technologies (DBVT), which fell 7.5% and 4.8% respectively. They were followed by 3D printer company Materialise (MTLS) and biopharmaceutical company Cellectis (CLLS), which were down 3.8% and 2.1% respectively.The gainers from the UK were led by lender HSBC (HSBC), which rose 1.1%, followed by alcoholic beverage company Diageo (DEO) and software firm Endava (DAVA), which advanced 0.5% and 0.1% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and biotech firm Autolus Therapeutics (AUTL), which dropped 3.4% and 2.8% respectively. They were followed by biotech firm Bicycle Therapeutics (BCYC) and medical device firm Trinity Biotech (TRIB), which lost 2.8% and 2.6% respectively.

$AUTL$BCYC$BDRX$BNTX$CLLS$DAVA$DBVT$DEO$FOCL$HSBC$MTLS$TRIB$TRVG$UL
Asia Markets

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

European equities traded in the US as American depositary receipts were marginally higher late Tuesday morning, rising 0.1% to 1,982.02 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biotechnology companies Cellectis (CLLS) and DBV Technologies (DBVT), which advanced 6% and 5% respectively. They were followed by medical device maker EDAP TMS (FOCL) and accommodations booking site trivago (TRVG), which increased 3.8% and 1% respectively.The decliners from continental Europe were led by lender Banco Bilbao Vizcaya Argentaria (BBVA) and oil and gas company Eni (E), which fell 1.8% and 1.7% respectively. They were followed by oil and gas company Equinor (EQNR) and consumer goods company Unilever (UL), which were down 1.5% and 0.7% respectively.The gainers from the UK were led by biopharmaceutical companies Biodexa Pharmaceuticals (BDRX) and Akari Therapeutics (AKTX), which climbed 14.2% and 7.2% respectively. They were followed by pharmaceutical company Silence Therapeutics (SLN) and software firm Endava (DAVA), which were up 4.9% and 1.3% respectively.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and alcoholic beverage company Diageo (DEO), which dropped 5.7% and 1.6% respectively. They were followed by communications group WPP (WPP) and medical device maker Smith & Nephew (SNN), which lost 1.4% and 1.2% respectively.

$AKTX$BBVA$BDRX$CLLS$DAVA$DBVT$DEO$E$EQNR$FOCL$SLN$SNN$TRIB$TRVG$UL$WPP
Wire

Diageo's Sales Growth Outlook is Prudent, RBC Capital Markets Says

Diageo's (DEO) plan to revive sales growth through cost savings and a comprehensive retooling of the organization is credible, with a sustained increase in return on invested capital potentially supporting the share price, RBC Capital Markets said in a Monday note.The firm said the plan does not envisage a margin reset, with management instead expecting cost savings and organizational changes to provide the resources needed to revive sales growth.RBC estimated that adverse geographic mix, price investment, revenue management and the shift to ready-to-drink products could depress margins by around 2 percentage points. The planned cost savings equivalent to 4% of sales should cover that investment and enable medium term margin growth, the firm said.RBC said Diageo's sales growth guidance of 2.5% to 3% when it exits 2029 is prudent and consistent with what it considers achievable, although there remains considerable uncertainty around the company's ability to deliver that growth.RBC maintained its outperform rating on Diageo.Price: $96.60, Change: $+1.98, Percent Change: +2.09%

$DEO
Asia Markets

European Equities Traded in the US as American Depositary Receipts Track Slightly Lower in Monday Trading

European equities traded in the US as American depositary receipts started the week slightly lower late Monday morning, declining 0.16% to 1,978.70 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by internet browser company Opera (OPRA) and consumer goods company Unilever (UL), which rose 1.9% and 1.8% respectively. They were followed by lender Banco Santander (SAN) and brewing company Anheuser-Busch InBev (BUD), which were up 1.2% and 1% respectively.The decliners from continental Europe were led by biopharmaceutical company Cellectis (CLLS) and biotech firm BioNTech (BNTX), which dropped 5.1% and 4.2% respectively. They were followed by biopharmaceutical company argenx (ARGX) and telecommunications company Nokia (NOK), which were down 2.8% and 2.6% respectively.The gainers from the UK were led by communications group WPP (WPP) and education company Pearson (PSO), which advanced 3.4% and 2.1% respectively. They were followed by alcoholic beverage company Diageo (DEO) and hospitality company Intercontinental Hotels Group (IHG), which increased 2% each.The decliners from the UK and Ireland were led by biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which fell 5.5%. It was followed by biopharmaceutical company NuCana (NCNA) and biotech firm Autolus Therapeutics (AUTL), which lost 2% and 1% respectively.

$ARGX$AUTL$BDRX$BNTX$BUD$CLLS$DEO$IHG$NCNA$NOK$OPRA$PSO$SAN$UL$WPP
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
Wire

Diageo Cuts Headcount by Almost 2,000 in Fiscal 2026

Diageo's (DEO) total headcount dropped to 27,938 at the end of its fiscal 2026 in June, from 29,860 a year ago, according to the company's annual report.The figure excluded employees of associates and joint ventures, the report said.The company said it is investing $1.2 billion on a two-year restructuring plan, with 90% of the planned changes expected to be completed by Sept. 1. The restructuring is expected to result in roughly $1 billion in savings, Diageo said.Price: $91.28, Change: $-0.54, Percent Change: -0.59%

$DEO
Asia Markets

European Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading

European equities traded in the US as American depositary receipts started the week tracking modestly higher late Monday morning, rising 0.31% to 1,970.56 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical companies argenx (ARGX) and DBV Technologies (DBVT), which climbed 16% and 5.1% respectively. They were followed by telecommunications company Nokia (NOK) and biopharmaceutical company Cellectis (CLLS), which advanced 2.5% and 2% respectively.The decliners from continental Europe were led by medical device maker EDAP TMS (FOCL) and internet browser company Opera (OPRA), which dropped 4.6% and 2.7% respectively. They were followed by brewing company Anheuser-Busch InBev (BUD) and consumer goods company Unilever (UL), which lost 2.4% and 1.6% respectively.The gainers from the UK were led by biotech firm Autolus Therapeutics (AUTL) and biopharmaceutical company Akari Therapeutics (AKTX), which rose 6.3% and 2.8% respectively. They were followed by biopharmaceutical companies GSK (GSK) and Bicycle Therapeutics (BCYC), which were up 1.6% and 1.5% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Mereo BioPharma Group (MREO) and communications company WPP (WPP), which fell 5.4% and 3% respectively. They were followed by alcoholic beverage company Diageo (DEO) and biopharmaceutical company NuCana (NCNA), which decreased 2.6% and 2.5% respectively.

$AKTX$ARGX$AUTL$BCYC$BUD$CLLS$DBVT$DEO$FOCL$GSK$MREO$NCNA$NOK$OPRA$UL$WPP
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 tracking higher late Tuesday morning, rising 0.46% to 1,966.35 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company Cellectis (CLLS) and semiconductor company Sequans Communications (SQNS), which advanced 4.7% and 2.6% respectively. They were followed by telecommunications company Nokia (NOK) and medical device maker EDAP TMS (FOCL), which increased 3.2% and 1.3% respectively.The decliners from continental Europe were led by brewing company Anheuser-Busch InBev (BUD) and biopharmaceutical company DBV Technologies (DBVT), which dropped 3.1% and 1% respectively. They were followed by consumer goods company Unilever (UL) and pharmaceutical company Novo Nordisk (NVO), which were off 0.9% and 1% respectively.The gainers from the UK were led by biopharmaceutical company Mereo BioPharma Group (MREO) and biotech firm Autolus Therapeutics (AUTL), which surged 27% and 8% respectively. They were followed by biotech company Trinity Biotech (TRIB) and biopharmaceutical company Akari Therapeutics (AKTX), which rose 3.5% and 1% respectively.The decliners from the UK were led by pharmaceutical company Silence Therapeutics (SLN) and alcoholic beverage company Diageo (DEO), which fell 2% and 1.7% respectively. They were followed by insurance firm Prudential (PUK), which was down 2.1%.

$AKTX$AUTL$BUD$CLLS$DBVT$DEO$FOCL$MREO$NOK$NVO$PUK$SLN$SQNS$TRIB$UL
Sectors

Sector Update: Consumer Stocks Softer Monday Afternoon

Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.5%.In corporate news, GameStop (GME) Chief Executive Ryan Cohen is considering pulling the company's $56 billion bid for eBay (EBAY), Bloomberg reported Monday. Cohen is instead weighing a proposal for a joint venture or partnership that would let eBay leverage GameStop's roughly 1,600 US retail locations, the report said. GameStop shares were down 0.8%, and eBay fell 3.2%.Imax (IMAX) said Monday that "The Odyssey" is now the highest grossing IMAX release of all time with $289 million in ticket sales in less than a month. The film has taken in a total of $147 million in IMAX in North America during the period, the company said. Imax shares gained 4.7%.Sony (SONY) and Taiwan Semiconductor Manufacturing (TSM) are in talks to invest a total of 1 trillion Japanese yen ($6.31 billion) on a planned image sensor factory in Japan, news outlets reported Monday. Sony shares added 1.7%.About 18,000 boxes of Diageo (DEO) liquor bottles were seized by Indian inspectors for allegedly lacking mandatory markings indicating they were made from food-grade recycled plastic, Reuters reported Monday, citing government sources. Separately, Diageo received a warning from India's food safety regulator regarding misleading claims that one of its popular whiskies was aged in American oak casks, Reuters reported Saturday, citing a confidential government notice. Diageo shares were up 0.2%.

$DEO$EBAY$GME$IMAX$SONY
Wire

India Seizes Thousands of Diageo Bottles

About 18,000 boxes of Diageo (DEO) liquor bottles were seized by Indian inspectors for allegedly lacking mandatory markings indicating they were made from food-grade recycled plastic, Reuters reported Monday, citing government sources.Diageo did not immediately reply to a request for comment from.Price: $96.49, Change: $+0.14, Percent Change: +0.15%

$DEO
Wire

Thousands of Diageo Bottles Seized by India, Reuters Reports

Thousands of Diageo Bottles Seized by India, Reuters Reports

$DEO
Sectors

Sector Update: Consumer Stocks Mixed Pre-Bell Monday

Consumer stocks were mixed pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.3% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) marginally advancing.GameStop (GME) Chief Executive Ryan Cohen is considering pulling the company's $56 billion bid for eBay (EBAY), Bloomberg reported, citing people familiar with the matter. Shares of GameStop were up 3%, while eBay stock was down 0.1% premarket.Dole (DOLE) shares were down more than 5% after the company posted a decline in Q2 adjusted earnings.Diageo (DEO) received a warning from India's food safety regulator regarding misleading claims that one of its popular whiskies was aged in American oak casks, Reuters reported, citing a confidential government notice. Diageo stock was 0.5% higher pre-bell.

$DEO$DOLE$EBAY$GME$XLP$XLY
Asia Markets

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

European equities traded in the US as American depositary receipts were heading higher late Thursday morning, rising 0.85% to 1,947.79 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by accommodations booking site trivago (TRVG) and pharmaceutical company Ascendis Pharma (ASND), which advanced 4.8% and 2.2% respectively. They were followed by lender Banco Bilbao Vizcaya Argentaria (BBVA) and internet ad firm Criteo (CRTO), which were up 1.7% and 0.9% respectively.The decliners from continental Europe were led by biotech firm BioNTech (BNTX) and internet browser company Opera (OPRA), which dropped 2.3% and 2.1% respectively. They were followed by biopharmaceutical company Cellectis (CLLS) and biotech company Evaxion (EVAX), which lost 1.8% and 1.3% respectively.The gainers from the UK were led by communications company WPP (WPP) and biotech firm Trinity Biotech (TRIB), which surged 26% and 11% respectively. They were followed by biotech company Autolus Therapeutics (AUTL) and alcoholic beverage company Diageo (DEO), which rose 5.3% and 4.4% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and medical device maker Smith & Nephew (SNN), which fell 4.4% and 1.9% respectively. They were followed by educational publisher Pearson (PSO) and biopharmaceutical company Mereo BioPharma Group (MREO), which were down 1.6% and 1.2% respectively.

$ASND$AUTL$BBVA$BDRX$BNTX$CLLS$CRTO$DEO$EVAX$MREO$OPRA$PSO$SNN$TRIB$TRVG$WPP
Commodities

Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Thursday Amid Corporate Earnings Deluge

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.7% in Thursday's premarket activity as the corporate earnings deluge continues.US stock futures were mixed, with S&P 500 Index futures up 0.01%, Dow Jones Industrial Average futures gaining 0.2%, and Nasdaq futures slipping 0.3% before the start of regular trading.Challenger, Gray & Christmas reported earlier Thursday that layoff intentions declined in July from both June and the previous month, but the technology sector still led the total and artificial intelligence was the key reason listed for the fifth straight month.The weekly jobless claims bulletin showed 199,000 new unemployment claims for the week ended Aug. 1, compared with the upwardly revised figure of 198,000 in the prior week, and it came in above the 205,000 expected, according to estimates compiled by Bloomberg.Q2 nonfarm productivity increased at a 1.4% annual rate, above forecasts for 0.6%, while unit labor costs increased 1.3%, compared with the 2.1% rise expected.Wholesale inventories data for June are due to be released at 10 am ET, followed by weekly natural gas stocks at 10:30 am ET.Federal Reserve St. Louis President Alberto Musalem is slated to speak on Thursday.In premarket activity, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.7% lower, Ether ETF (EETH) retreated 0.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was inactive, the iShares US Technology ETF (IYW) was 0.5% lower, and the iShares Expanded Tech Sector ETF (IGM) was down 1.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was up 0.1%, while the iShares Semiconductor ETF (SOXX) fell by 1%.SiTime (SITM) shares were up more than 27% in premarket activity after the company reported higher Q2 adjusted earnings and revenue.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.7%, the Vanguard Health Care Index Fund (VHT) was up 0.4%, while the iShares US Healthcare ETF (IYH) gained 0.1%. The iShares Biotechnology ETF (IBB) was 0.5% higher.Insmed (INSM) stock was up more than 26% premarket after the company reported higher Q2 revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, while the Vanguard Industrials Index Fund (VIS) was inactive, and the iShares US Industrials ETF (IYJ) was up 0.3%.LegalZoom (LZ) stock was down 26% after the company cut its fiscal 2026 revenue guidance and announced a 13% companywide workforce reduction.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.7%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.6% lower.Fiserv (FISV) shares were down 12% in early hours activity after the company reported lower Q2 adjusted earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.2%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 1.6% and the iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) and the VanEck Retail ETF (RTH) were flat, while the State Street SPDR S&P Retail ETF (XRT) was 0.4% higher.Diageo (DEO) shares were up more than 4% pre-bell after the company reported higher fiscal 2026 preliminary adjusted earnings.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.4%.ConocoPhillips (COP) stock was up more than 2% before market open after the company said that Chief Financial Officer Andy O'Brien will succeed Ryan Lance as president and chief executive officer, effective Sept. 1.CommoditiesFront-month US West Texas Intermediate crude oil gained by 1.5% to reach $76.35 per barrel on the New York Mercantile Exchange. Natural gas was down 1.3% at $2.65 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 1.4%, while the United States Natural Gas Fund (UNG) was 0.2% lower.Gold futures for November advanced by 0.6% to $4,329.00 an ounce on the Comex. Silver futures lost 0.5% to reach $61.97 an ounce. SPDR Gold Shares (GLD) was up by 3%, and the iShares Silver Trust (SLV) was 4.4% higher.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$COP$DEO$EEM$EETH$EXI$FAS$FAZ$FISV$GLD$IBB$IGM$IGV$INSM$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LZ$PMR$QQQ$RTH$SITM$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Sectors

Sector Update: Consumer Stocks Edge Higher Premarket Thursday

Consumer stocks were edging higher premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) marginally advancing.Diageo (DEO) stock was up more than 5% after the company reported higher preliminary adjusted earnings for fiscal 2026.Keurig Dr Pepper (KDP) shares were up more than 2% after the company reported higher Q2 adjusted earnings and net sales.US Foods (USFD) stock was up more than 3% after the company posted higher Q2 adjusted earnings and net sales.

$DEO$KDP$USFD$XLP$XLY
Sectors

Sector Update: Consumer

Consumer stocks were edging higher premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) marginally advancing.Diageo (DEO) stock was up more than 5% after the company reported higher preliminary adjusted earnings for fiscal 2026.

$DEO
Asia Markets

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

European equities traded in the US as American depositary receipts were tracking lower late Thursday morning, falling 0.9% to 1,901.24 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company argenx (ARGX) and medical device maker EDAP TMS (FOCL), which rose 5.3% and 4.4% respectively. They were followed by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which were up 3.7% and 2.1% respectively.The decliners from continental Europe were led by biopharmaceutical company Grifols (GRFS) and lender Banco Santander (SAN), which dropped 4.2% and 3.6% respectively. They were followed by brewing company Anheuser-Busch InBev (BUD) and accommodations booking site trivago (TRVG), which lost 3.1% and 2.9% respectively.The gainers from the UK were led by biopharmaceutical company Mereo BioPharma Group (MREO) and oil and gas company BP (BP), which advanced 2.8% and 2.3% respectively. They were followed by oil and gas company Shell (SHEL), which increased 1.6%.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and tobacco company British American Tobacco (BTI), which fell 5.4% and 3.3% respectively. They were followed by alcoholic beverage company Diageo (DEO) and educational publisher Pearson (PSO), which were down 2.4% and 0.4% respectively.

$ARGX$BP$BTI$BUD$DEO$E$EQNR$FOCL$GRFS$MREO$PSO$SAN$SHEL$TRIB$TRVG
Sectors

Sector Update: Consumer Stocks Mixed Tuesday Afternoon

Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.4%.Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week. Redbook noted brisk demand for the remaining summer merchandise due to hot weather across the country.In corporate news, Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack agreed to buy the US snacks maker in a $2.9 billion take-private deal.General Motors (GM) lifted its full-year earnings outlook on Tuesday as the carmaker recorded an unexpected year-over-year increase in its Q2 revenue. GM shares climbed 5.3%.Diageo (DEO) Chair John Manzoni is planning a board shake-up to add drinks industry expertise as Chief Executive Dave Lewis leads the company's turnaround, the Financial Times reported. Diageo shares were down 1.2%.

$DEO$GM$UTZ

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