Honda Ending Sales of Its Last EV Model in US, Bloomberg Reports
Honda Ending Sales of Its Last EV Model in US, Bloomberg Reports
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Honda Ending Sales of Its Last EV Model in US, Bloomberg Reports
Street Color: Honda to End US Sales of Prologue EV, Bloomberg Reports
Consumer stocks were higher Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) gaining 2.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.4%.In corporate news, Uber (UBER) said Thursday it has signed a merger agreement with Delivery Hero in a deal with an equity value of $14.8 billion, or $13.7 billion adjusted for Uber's prior stake purchases. Uber shares were up 1.2%.United Airlines (UAL) raised the low end of its full-year earnings outlook and reported upbeat Q2 results, but the air carrier warned that rising oil prices are expected to add nearly $6 billion to its fuel costs this year. Its shares fell 2%.Honda (HMC) plans to begin production of its UC3 electric motorcycle in Vietnam as early as September, shifting manufacturing from Thailand as it looks to capitalize on growing demand for electric two-wheelers in the country, Nikkei reported Thursday. Honda shares rose 3.1%.XPeng (XPEV) shares climbed 3.1% in Thursday afternoon activity, a day after The Wall Street Journal, citing unnamed sources, reported that the Chinese EV maker plans to launch its IRON humanoid robot globally next year, with monthly production capacity expected to exceed 1,000 units by the end of this year.
Asian equities traded in the US as American depositary receipts were lower on Thursday morning, shedding 0.6% to 2,938.98 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor company ChipMOS Technologies (IMOS) and carmaker Honda (HMC), which rose 6.2% and 3.2% respectively.They were followed by tech giant Baidu (BIDU), which climbed 3.3%.The decliners from North Asia were led by semiconductor company United Microelectronics (UMC) and radiotherapy and diagnostic imaging operator Concord Medical Services (CCM), which fell 8.9% and 0.7% respectively.They were followed by fabless semiconductor manufacturer Himax Technologies (HIMX), which shed 4.7%.From South Asia, the gainers were led by tech firm Sify Technologies (SIFY) and travel agency Trip.com (TCOM), which rose 3.2% and 1.9% respectively. They were followed by telecom PLDT (PHI), which added 1.6%.The decliners from South Asia were led by tech company Wipro (WIT), which shed 1.9%.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.3%, and the actively traded Invesco QQQ Trust (QQQ) retreated 0.9% in Thursday's premarket activity, amid weakness in semiconductor stocks.US stock futures were mixed, with S&P 500 Index futures down 0.1%, Dow Jones Industrial Average futures gaining 0.2%, and Nasdaq futures slipping 0.5% before the start of regular trading.US initial jobless claims fell to a level of 208,000 in the week ended July 11 from an upwardly revised 216,000 level in the previous week, compared with expectations for a level of 217,000 in a survey of analysts compiled by Bloomberg.The New York Federal Reserve's services index jumped to 8.7 in July from minus 10.1 in June.US retail sales rose by 0.2% in June, as expected in a survey compiled by Bloomberg and following the previous month's revised 1.0% increase.The Philadelphia Federal Reserve's monthly manufacturing index jumped to 41.4 in July after rising to 10.3 in June, compared with expectations for a much smaller increase to a reading of 12.5 in a survey compiled by Bloomberg as of 7:30 am ET.Reports releasing at 10:00 am ET include the pending home sales data for June, business inventories data for May, and home builder sentiment data for July.Weekly natural gas stocks data will be released at 10:30 am ET.Fed Vice Chair Philip Jefferson is slated to speak on Thursday.In premarket action, bitcoin was down by 1.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.1% lower, Ether ETF (EETH) retreated 1.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 2.1%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 1%, the Vanguard Health Care Index Fund (VHT) gained 0.8%, while the iShares US Healthcare ETF (IYH) rose 0.9%. The iShares Biotechnology ETF (IBB) increased marginally by 0.02%.UnitedHealth Group (UNH) stock was up more than 5% premarket after the company reported higher Q2 adjusted earnings and revenue.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.9%, while the Vanguard Industrials Index Fund (VIS) was down 0.7% and the iShares US Industrials ETF (IYJ) was inactive.GE Aerospace (GE) stock was down more than 3% before the opening bell, even after the company reported higher Q2 adjusted earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.7%, and the iShares US Consumer Staples ETF (IYK) advanced marginally by 0.03%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increased 0.4%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 0.6%.Honda Motor (HMC) shares were up more than 2% pre-bell after a 0.7% decline at the prior close. Nikkei reported that the company plans to begin production of its UC3 electric motorcycle in Vietnam as early as September, shifting manufacturing from Thailand as it looks to capitalize on growing demand for electric two-wheelers in the country.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.4% lower.UBS Group (UBS) shares traded down 2% in early hours activity following a 2.3% gain in the previous session. Bloomberg News reported, citing an internal memo, that the company hired former Goldman Sachs (GS) managing director Takehiro Sakuramoto to head its debt capital markets division in Japan.EnergyThe iShares US Energy ETF (IYE) gained 0.9%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.04%.TotalEnergies (TTE) stock was down more than 2% before market open, extending losses from its 0.7% retreat at the end of Wednesday's session. The company said it expects Q2 hydrocarbon production to be nearly 2.4 million barrels of oil equivalent per day, supported by about 4% organic growth.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 1.5%, and the iShares US Technology ETF (IYW) was 1.2% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 0.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined 2.7%, while the iShares Semiconductor ETF (SOXX) fell by 3.7%.Nvidia (NVDA) shares were down more than 1% in premarket activity after advancing 0.3% at Wednesday's close. The company said it is working with Noetra to launch a factory of central processing units and graphics processing units to support the development of a national "Physical AI" infrastructure.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 1% to $80.41 per barrel on the New York Mercantile Exchange. Natural gas was up by 0.8% to $2.95 per 1 million British Thermal Units. The United States Oil Fund (USO) was up 0.4%, while the United States Natural Gas Fund (UNG) was 0.8% higher.Gold futures for July retreated 0.5% to $4,032.80 an ounce on the Comex. Silver futures retreated by 0.7% to $57.02 an ounce. SPDR Gold Shares (GLD) decreased 1.4%, and the iShares Silver Trust (SLV) was 2.9% lower.
Asian equities traded in the US as American depositary receipts were rising on Wednesday morning, adding 1.4% to 2,961.25 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by semiconductor companies ChipMOS Technologies (IMOS) and United Microelectronics (UMC), which advanced 5.8% and 5.7% respectively.They were followed by tech firm Baidu (BIDU) and financial group Nomura (NMR), which rose 3.4% and 2.8% respectively.The decliners from North Asia were led by Concord Medical Services (CCM), which fell 2.8%. It was followed by carmaker Honda (HMC) and online game operator The9 (NCTY), which fell 1.1% and 1% respectively.From South Asia, the gainers were led by tech conglomerate Sea (SE), which rose 4.6%, followed by banks ICICI (IBN) and HDFC (HDB), which added 1.8% and 1.5% respectively.The decliners from South Asia included information and communications technology company Sify Technologies (SIFY), which was falling 2.3%.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.1% in Tuesday's premarket activity, ahead of Federal Reserve Chair Kevin Warsh's first day of testimony at 10:00 am ET.US stock futures were mixed, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.6%, and Nasdaq futures gaining 0.4% before the start of regular trading.The US consumer price index fell a seasonally adjusted 0.4% in June, compared with expectations for a 0.1% decline, after rising 0.5% in May, Bureau of Labor Statistics data showed on Tuesday.Fed Governors Michael Barr and Lisa Cook and Fed Vice Chair Michelle Bowman are scheduled to speak on Tuesday.In premarket action, bitcoin was up by 0.9%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.9% higher, Ether ETF (EETH) advanced 1.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 1.1%, and the iShares US Technology ETF (IYW) was flat, while the iShares Expanded Tech Sector ETF (IGM) was up 1.9%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 2% higher, while the iShares Semiconductor ETF (SOXX) rose by 3.5%.IBM (IBM) shares were down more than 22% in premarket activity after the company posted expected Q2 operating earnings and revenue that trailed analysts' estimates.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.3%, the Vanguard Health Care Index Fund (VHT) was up 0.8%, while the iShares US Healthcare ETF (IYH) slipped 0.4%. The iShares Biotechnology ETF (IBB) was 0.3% lower.HCA Healthcare (HCA) stock was down more than 8% premarket after the company cut its guidance for 2026 EPS and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) rose 0.9%, while the Vanguard Industrials Index Fund (VIS) was up 0.3% and the iShares US Industrials ETF (IYJ) was inactive.General Fusion (GFUZ) was up more than 6% before the opening bell, a day after the company began trading on the Nasdaq following the completion of its merger with Spring Valley Acquisition Corp. III.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1% higher.JPMorgan Chase (JPM) shares traded down more than 2% in early hours activity even after the company reported higher Q2 earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.02%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated 0.03%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declined marginally by 0.01%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.6% higher.Honda Motor (HMC) shares were up more than 1% pre-bell after a 0.3% decline at the prior close. The US National Highway Traffic Safety Administration said Monday that the vehicle manufacturer's Odyssey model year 2011 through 2017 vehicles are under review following complaints about airbags deploying unnecessarily.EnergyThe iShares US Energy ETF (IYE) was up 0.3%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.7%.BP (BP) was up more than 1% before market open after the company said its Q2 results are expected to include post-tax adjusting items relating to impairments of around $1.0 billion.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 2.5% to $80.10 per barrel on the New York Mercantile Exchange. Natural gas was down by 0.8% to $2.88 per 1 million British Thermal Units. The United States Oil Fund (USO) was up 2.8%, while the United States Natural Gas Fund (UNG) was 0.3% lower.Gold futures for July gained 0.7% to $4,032.90 an ounce on the Comex. Silver futures advanced by 0.5% to $58.24 an ounce. SPDR Gold Shares (GLD) increased 2.4%, and the iShares Silver Trust (SLV) was 3.2% higher.
Asian equities traded in the US as American depositary receipts were surging higher Thursday morning, climbing 2.22% to 2,904.10 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by lender Shinhan Financial Group (SHG) and utilities company Korea Electric Power (KEP), which rose 8% and 4.7% respectively. They were followed by pharmaceutical company Takeda Pharmaceutical (TAK) and automotive company Honda Motor (HMC), which were up 3.6% and 3.4% respectively.The decliners from North Asia were led by automotive marketplace Token Cat (TC) and real estate management and digital security company Eason Technology (DXF), which plunged 37% and 30% respectively. They were followed by automotive marketplaces Uxin (UXIN) and Autohome (ATHM), which decreased 6.2% and 3.5% respectively.From South Asia, the gainers were led by computer hardware maker Canaan (CAN) and IT firm Infosys (INFY), which advanced 4.2% and 3% respectively. They were followed by tech conglomerate Sea (SE) and telecommunications operator PLDT (PHI), which increased 2.2% and 2% respectively.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and IT company Sify Technologies (SIFY), which fell 1.2% and 1% respectively. They were followed by IT company Wipro (WIT) and lender HDFC Bank (HDB), which were off 0.2% and 0.1% respectively.
Honda Motor (HMC) said American Honda vehicle sales rose 17% in June to 133,781 units from a year earlier.American Honda sales in Q2 increased 8.4% to 420,089 units, while year-to-date sales rose 2.4% to 756,920 units, the company said Wednesday in a statement.Price: $27.23, Change: $+0.12, Percent Change: +0.44%
Honda June US Sales Rise 16.9% Year Over Year to 133,781 Vehicles, Bloomberg Reports
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%.
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%.
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 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: $27.20, Change: $+0.37, Percent Change: +1.38%
Honda Considers $2.5 Billion Euro Bond Sale, Nikkei Asia Reports
Consumer stocks were higher Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.4%.In corporate news, Unilever (UL) is considering a bid for Thorne, a South Carolina-based company that sells dietary supplement pills, valued at up to $4 billion, the Financial Times reported. Unilever shares were up 0.3%.Honda Motor's (HMC) American Honda unit said Friday it restructured its Power Sports and Products group by moving its marine, powersports, and power equipment divisions under one framework. Separately, Honda Motor reappointed Chief Executive Toshihiro Mibe to its board Friday after he apologized to shareholders for the company's financial performance, news outlets reported. Honda Motor shares rose 2.7%.DraftKings (DKNG) shares jumped 6% after the company said Friday it launched its prediction markets exchange DKeX.
Honda Motor's (HMC) American Honda unit said Friday it restructured its Power Sports and Products group by moving its marine, powersports, and power equipment divisions under one framework.The restructuring took effect in April, allowing each division to manage its own sales, marketing, and service functions, with the sales operations division also providing support across the three businesses, the company said.The marine and powersports divisions surpassed their sales targets during the 2025 to 2026 fiscal year, American Honda said.Shares of Honda Motor were up about 3% in Friday trading.Price: $26.91, Change: $+0.77, Percent Change: +2.95%
Asian equities traded in the US as American depositary receipts were lower on Friday morning, decreasing 0.3% to 2,764.75 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by video streaming company IQIYI (IQ) and carmaker Honda (HMC), which advanced 4.6% and 2.9% respectively.They were followed by hotel management company H World (HTHT), which advanced 1.6%.The decliners from North Asia were led by semiconductor companies Himax Technologies (HIMX) and ASE Technology (ASX), which fell 5% and 4% respectively.They were followed by financial company Futu (FUTU), which was down 1.9%.From South Asia, the gainers were led by pharmaceutical company Dr Reddy's Laboratories (RDY) and technology company Infosys (INFY), which rose 2.1% and 1.1% respectively.The decliners from South Asia were led by computer hardware manufacturer Canaan (CAN), which fell 2.5%.
Consumer stocks were higher late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.5%.In corporate news, Honda (HMC), Nissan, and Mitsubishi Motors are in final talks to standardize electronic control units, or ECUs, for next-generation vehicles, Nikkei Asia reported. Honda shares added 0.8%.Total online spending for all US retailers hit $8.3 billion on the first day of Amazon's (AMZN) four-day Prime Day event, Bloomberg reported, citing data from Adobe (ADBE), which previously estimated $7.9 billion. Amazon shares gained 0.8%.Wendy's (WEN) shares jumped 24% after meme-stock traders rushed to buy the heavily shorted stock, multiple media outlets reported.Hertz Global (HTZ) said Wednesday in a regulatory filing that "current unexpected softness" in the market for used cars has caused it to realize losses on the sale of vehicles in May, which will adversely impact net depreciation per unit per month in Q2. Hertz shares tumbled 38%.
Honda Motor (HMC), Nissan, and Mitsubishi Motors are in final talks to standardize electronic control units, or ECUs, for next-generation vehicles, Nikkei Asia reported Wednesday.The goal is to reduce costs by jointly sourcing the key component that powers software-defined vehicle features such as self-driving, according to the report.Some details between Honda and Nissan still need to be finalized, but an agreement could be reached in the coming weeks, the report said.Honda, Nissan, and Mitsubishi didn't immediately respond to' request for comments.(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: $25.80, Change: $+0.22, Percent Change: +0.86%
EV-maker Tesla (TSLA) new automobile registrations in Europe rose to 28,610 in May, up 107.9% on year, while registrations struck 118,068 in the first five months of the year, up 57.2% on year, reported the European Automobile Manufacturers' Association (ACEA) on Tuesday.Other automakers had mixed results, although total new EU car registrations increased by 4% in the first five months of the year, led by EV-sales, said ACEA.Toyota Motors (TM) registrations on the continent slipped to 78,168 in May, off 0.6% on year, while 391,443 Toyota cars were registered in the January through May period, off 2% on year.Ford (F) registrations declined to 25,290 in May, down 28.3% on year, while 156,933 Ford cars were registered in the January-May period, off 16.9% on year.Honda Motor (HMC) registrations touched 5,695 in May, up 8.3% on year, and reached 33,527 for the first five months of the year, up 6.3% on year.Stellantis (STLA) car registrations struck 164,958 in May, off 2.3% on year, while there were 905,444 registrations in January through May, up 5.3% on year, reported the ACEA.
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