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Sectors

Sector Update: Financial Stocks Lean Lower Premarket Monday

Financial stocks were leaning lower premarket Monday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was slightly lower.Mizuho Financial (MFG) shares were down more than 3% premarket following a media report quoting the company as saying it had not made a final decision on an investment in Rakuten Bank.BlackRock (BLK) is considering a $5 billion to $10 billion investment in SpaceX's planned initial public offering, The Information reported, citing people familiar with the matter. BlackRock stock was up more than 1% premarket.Aon (AON) intends to launch a new digital trading platform to help brokers access capital and syndicate risk better, the company said. Aon shares were 0.7% lower pre-bell.

$AON$BLK$FAS$FAZ$MFG$XLF
Commodities

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday Amid Stalled Iran Peace Efforts, Inflation Concerns

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1%, and the actively traded Invesco QQQ Trust (QQQ) was 0.03% lower in Monday's premarket activity as stalled diplomatic efforts between the US and Iran fuel concerns about inflation.US stock futures were also lower, with S&P 500 Index futures down 0.4%, Dow Jones Industrial Average futures slipping 0.7%, and Nasdaq futures retreating 0.4% before the start of regular trading.The New York Fed's services sector index improved to negative 5.8 in May from negative 14.0 in April, signaling a slower pace of contraction.The National Association of Home Builders' index for May will be released at 10 am ET.The US Treasury's international capital standards report for March will be released at 4 pm ET.In premarket activity, bitcoin was down by 2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.9% lower, Ether ETF (EETH) retreated by 4.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) lost 0.9%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was flat, and the iShares US Technology ETF (IYW) was 0.1% lower, while the iShares Expanded Tech Sector ETF (IGM) was up 0.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was down 1.1%, while the iShares Semiconductor ETF (SOXX) lost 0.4%.LiveRamp (RAMP) shares were up more than 26% in premarket activity after the company agreed to be acquired by Publicis Groupe in an all-cash deal valued at about $2.17 billion. The company also reported higher fiscal Q4 financial results.Winners and Losers:EnergyThe iShares US Energy ETF (IYE) was up 0.8%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.04%.Dominion Energy (D) shares rose more than 15%, while NextEra Energy (NEE) stock declined over 1% after the companies agreed to merge in an all-stock deal.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.02%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 2% lower. The iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.6%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) retreated by 0.3%.Ford Motor (F) shares were up more than 6% pre-bell after the company said it has outlined a revised Europe strategy built around new electric vehicles, commercial software services, and a broader product rollout through 2029.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.1%, while the Vanguard Industrials Index Fund (VIS) retreated 0.01% and the iShares US Industrials ETF (IYJ) was down 0.3%.Ryanair (RYAAY) stock was up more than 4% before the opening bell after the company reported higher fiscal 2026 earnings and revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.6%, the Vanguard Health Care Index Fund (VHT) was down 0.8%, while the iShares US Healthcare ETF (IYH) slipped 0.2%. The iShares Biotechnology ETF (IBB) was 0.5% lower.ImmunityBio (IBRX) stock rose more than 4% premarket after the company said it signed an exclusive development and supply agreement with Japan BCG Laboratory to get exclusive rights to develop, import, and commercialize the latter's intravesical Tokyo-172 BCG in the US.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.5% higher.Mizuho Financial (MFG) shares were down more than 4% pre-bell after the company said it had not yet made a final decision on an investment in Rakuten Bank.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.9% to $104.50 per barrel on the New York Mercantile Exchange. Natural gas was up 2.3% at $3.03 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 0.2%, while the United States Natural Gas Fund (UNG) was 2.2% higher.Gold futures for May gained by 0.1% to reach $4,567.60 an ounce on the Comex. Silver futures fell by 0.3% to $77.31 an ounce. SPDR Gold Shares (GLD) advanced by 0.1%, and the iShares Silver Trust (SLV) increased by 0.4%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$D$EEM$EETH$EXI$F$FAS$FAZ$GLD$IBB$IBRX$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MFG$NEE$PMR$QQQ$RAMP$RTH$RYAAY$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Sectors

Sector Update: Financial

Financial stocks were leaning lower premarket Monday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.1%The Direxion Daily Financial Bull 3X Shares (FAS) and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) were slightly lower.Mizuho Financial (MFG) shares were down 3.6% premarket after the Japanese lender said it had not made a final decision on an investment in Rakuten Bank, CNBC reported.

$MFG
Wire

Market Chatter: Mizuho Financial Says Potential Rakuten Bank Investment Still Under Review; Shares Fall Pre-Bell

Mizuho Financial (MFG) shares fell over 3% in Monday premarket trading after the Japanese lender said it had not made a final decision on an investment in Rakuten Bank, CNBC reported Sunday.The Japanese daily Yomiuri Shimbun had earlier reported the bank was planning to increase its investment in Rakuten Bank while exiting its stake in Rakuten Card.Mizuho Financial said it was evaluating options but stressed that no decision had been reached, according to the CNBC report.Mizuho Financial did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $8.37, Change: $-0.32, Percent Change: -3.68%

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Sectors

Sector Update: Financial Stocks Lower in Late Afternoon Trading

Financial stocks declined in late Friday afternoon trading with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) falling 0.3%.The Philadelphia Housing Index shed 3.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.5%.Bitcoin (BTC-USD) declined 2.5% to $79,082, and the yield for 10-year US Treasuries jumped 13.4 basis points to 4.595%.In economic news, US industrial production rebounded more than projected in April, Federal Reserve data showed. Industrial output rose 0.7% last month following a revised 0.3% fall in March, the Fed said. The consensus was for a 0.3% increase for April in a survey compiled by Bloomberg.In corporate news, Apollo Global Management-backed (APO) West Technology is in exclusive talks for the sale of its remaining operating business as talks with debt holders continue, Bloomberg reported. Apollo shares dropped 0.5%.Goldman Sachs (GS) is assessing demand for a significant risk transfer linked to a portfolio of loans to private market funds, Bloomberg reported. Goldman shares fell 1.9%.HSBC (HSBC) has yet to deploy the $4 billion committed to its private credit strategy, with no current timeline for the planned investment, the Financial Times reported. HSBC shares dropped 2.1%.Mizuho Financial (MFG) shares fell 1.9% after the company issued fiscal 2026 earnings guidance that trailed Wall Street estimates.

$APO$GS$HSBC$MFG
Sectors

Sector Update: Financial Stocks Lower in Afternoon Trading

Financial stocks declined in Friday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.2%.The Philadelphia Housing Index was down 3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.4%.Bitcoin (BTC-USD) was declining 2.5% to $79,348, and the yield for 10-year US Treasuries jumped 12.8 basis points to 4.59%.In economic news, US industrial production rebounded more than projected in April, buoyed the manufacturing and utilities categories, Federal Reserve data showed Friday. Industrial output rose 0.7% last month following a revised 0.3% fall in March, the Fed said. The consensus was for a 0.3% increase for April in a survey compiled by Bloomberg.In corporate news, Goldman Sachs (GS) is assessing demand for a significant risk transfer linked to a portfolio of loans to private market funds, Bloomberg reported. The lender is a regular issuer of SRTs and has used them in the past to offload risk related to private funds, the report said, adding that final terms of the transaction are being discussed with investors. Goldman shares were down 1.6%.Mizuho Financial (MFG) shares fell 1.3% after it issued fiscal 2026 earnings forecast below analysts' expectations.HSBC (HSBC) has yet to deploy the $4 billion it previously committed to its private credit strategy, with no current timeline for the planned investment, the Financial Times reported. HSBC shares were down 2%.

$GS$HSBC$MFG
Sectors

Sector Update: Financial Stocks Lean Lower Pre-Bell Friday

Financial stocks were leaning lower pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.6%.HSBC (HSBC) has yet to deploy the $4 billion it previously committed to its private credit strategy, with no current timeline for the planned investment, the Financial Times reported, citing two sources familiar with the decision-making process. HSBC shares were down more than 2% premarket.Mizuho Financial (MFG) shares were down more than 2% after the company issued fiscal 2026 earnings forecast below analysts' expectations. Separately, Mizuho Financial plans to reduce its stake in Orient to about 33.8% from more than 48% by selling 15% stake, Bloomberg reported, citing the company.Nu Holdings (NU) stock was down more than 6% after the company reported Q1 revenue that missed analysts' estimates.

$FAS$FAZ$HSBC$MFG$NU$XLF
Mining & Metals

Mayfair Gold Appoints Drew Anwyll As CEO; Shares Down 3.85% To Near 52 Week Lows in US Premarket

Mayfair Gold Corp. (MFG.V and NYSE American: MINE) has appointed Drew Anwyll, formerly Chief Operating Officer of the company, as Chief Executive Officer, effective immediately, the company said earlier Monday.Nick Campbell, current Chief Executive Officer, will be stepping down and departing the company.Darren McLean, Chair of the Board, said, "Mayfair is on the path to build and operate the Fenn-Gib Gold Project. By appointing Drew, an accomplished operator, as CEO, the company is well positioned to execute on this plan. The Board would like to thank Nick for his leadership and contributions, including his work in elevating the Fenn-Gib story, progressing the NYSE American listing, and advancing us to this point."Campbell, outgoing CEO, said, "My role at Mayfair was to help shape the strategy with the Board, begin telling the story, and bring the team together to execute on that vision. That foundation is now firmly in place. The team Drew has assembled stands out in any project development organization. The culture Drew has fostered in such a short time is remarkable, and I look forward to watching Mayfair continue to advance."Mayfair was at last look down 3.85% in US premarket trade, after falling 3% in the US last Friday. It edged lower in Canada trade last Friday.

$MFG
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Lower in Tuesday Trading

Asian equities traded in the US as American depositary receipts were declining on Tuesday morning, down 1.4% to 2,747.76 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by medical services platform PomDoctor (POM) and steel manufacturer Posco (PKX), which climbed 12% and 7.3% respectively.They were followed by consumer tech company Smart Share Global (EM) and banking holding company Mizuho Financial Group (MFG), which rose 4.3% and 2.2% respectively.The decliners from North Asia were led by technology and healthcare company VisionSys AI (VSA) and Internet and data center service provider VNET Group (VNET), which dropped 26% and 6.1% respectively.They were followed by cloud service provider Kingsoft Cloud (KC), which shed 6%.From South Asia, the gainers were led by pharmaceutical company Dr Reddy's Laboratories (RDY), which increased 0.8%.The decliners from South Asia were led by Sify Technologies (SIFY), which fell 2%, followed by telecoms Telkom Indonesia (TLK) and PLDT (PHI), which were down 1.5% and 1.6%, respectively.

$EM$INFY$KC$MFG$PHI$PKX$POM$RDY$SIFY$TLK$VNET$VSA