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Wire

Adobe Launches CX Enterprise to Streamline Customer Interactions

Adobe (ADBE) said Monday it unveiled CX Enterprise, an end-to-end agentic artificial intelligence system designed to help businesses manage their customer lifecycle workflows across fragmented platforms.The system targets to deliver better customer experiences and business results, the software firm said.Adobe is partnering with external platforms, including Amazon's (AMZN) Web Services, Alphabet-owned (GOOG, GOOGL) Google Cloud, Microsoft (MSFT), Nvidia (NVDA), International Business Machines (IBM), OpenAI and Anthropic to improve compatibility with existing enterprise environments, it said.The company also said it introduced the CX Enterprise Coworker application, which translates broad business goals into multi-step actions by coordinating various AI agents to assemble audiences, creative assets, and performance data.Shares of the company were up 2.6% in early Monday trading.Price: $250.67, Change: $+6.22, Percent Change: +2.54%

$ADBE$AMZN$GOOG$GOOGL$IBM$MSFT$NVDA
Equities

Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Monday; AST SpaceMobile to Fall, Marvell to Rise

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Monday's opening bell.AST SpaceMobile (ASTS) tumbled by 13% premarket, after a 6% decline Friday. The company said the BlueBird 7 satellite was placed into a lower-than-planned orbit during the New Glenn 3 mission and will de-orbited.Strategy (MSTR) was 2.3% lower pre-bell, after closing the previous session with a roughly 12% jump.Rocket Lab (RKLB) was down 1.8% hours before market open, following a 2.3% increase from Friday's session.Nvidia (NVDA) fell by 1.2% in premarket activity, after a 1.7% increase from the previous session.Microsoft (MSFT) declined by 0.9% pre-bell, swinging from a 0.6% increase at Friday's close.Tesla (TSLA) was 0.7% lower in premarket hours, following a 3% gain from the previous session.Antero Midstream (AM) fell by 0.5% in pre-bell activity, following a 0.2% advance from the previous session.Marvell Technology (MRVL) advanced by 7.7% premarket, after a 4.7% rise from Friday's session. Alphabet's (GOOG, GOOGL) Google is negotiating with Marvell Technology to develop two new processors optimized for artificial intelligence inference tasks, The Information reported Sunday, citing two people with knowledge of the discussions.

$AM$ASTS$GOOG$GOOGL$MRVL$MSFT$MSTR$NVDA$RKLB$TSLA
Sectors

Sector Update: Tech Stocks Higher Pre-Bell Friday

Technology stocks were higher pre-bell Friday, with the State Street Technology Select Sector SPDR ETF (XLK) gaining 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 2% higher.Microsoft (MSFT) shares were up 1.6% in premarket activity. Microsoft Italy and Expert.ai said they have entered into a collaboration to accelerate the adoption of artificial intelligence for enterprise use cases.Uber Technologies (UBER) shares were up 1.8% prebell. Prosus said Uber is acquiring roughly 13.6 million ordinary shares of Delivery Hero from Prosus, representing about 4.5% stake.Adobe (ADBE) stock was up 2.6% before the bell, adding to the 1.4% gain at the previous close. UBS lowered its price target to $260 from $290, while maintaining a neutral rating.

$ADBE$MSFT$UBER$XLK$XSD
Sectors

Sector Update: Tech

Technology stocks were higher pre-bell Friday, with the State Street Technology Select Sector SPDR ETF (XLK) gaining 1% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.4% higher.Microsoft (MSFT) shares were up more than 1% in premarket activity. Microsoft Italy and Expert.ai said they have entered into a collaboration to accelerate the adoption of artificial intelligence for enterprise use cases.

$MSFT$XLK$XSD
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday as Investors Take Positions Amid Corporate Earnings

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) was 0.3% higher in Friday's premarket activity as traders take positions amid corporate earnings release and monitor incoming macroeconomic data.US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.4%, and Nasdaq futures gaining 0.2% before the start of regular trading.The Baker Hughes domestic oil-and-gas rig count will be released at 1 pm ET.Federal Reserve San Francisco President Mary Daly, Richmond President Thomas Barkin and Governor Christopher Waller are slated to speak on Friday.In premarket activity, bitcoin was up by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.2% higher, Ether ETF (EETH) retreated 0.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.5%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.2% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.7%. The iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.04% higher.Autoliv (ALV) shares were up more than 9% pre-bell after the company reported higher-than-expected Q1 adjusted earnings and revenue.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.6%, the Vanguard Health Care Index Fund (VHT) was up 1.3%, while the iShares US Healthcare ETF (IYH) gained 1.1%. The iShares Biotechnology ETF (IBB) was 0.2% higher.Trevi Therapeutics (TRVI) stock was down more than 8% premarket after the company said late Thursday it priced a public offering of 11.6 million common shares at $13 each for about $150 million in gross proceeds.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.9% lower.Ally Financial (ALLY) shares were up more than 5% pre-bell after the company reported higher Q1 adjusted earnings and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, while the Vanguard Industrials Index Fund (VIS) rose 0.9% and the iShares US Industrials ETF (IYJ) was inactive.JetBlue (JBLU) stock was up more than 1% before the opening bell after the company said Thursday it started daily seasonal flights connecting Boston and Barcelona.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 0.9%, and the iShares US Technology ETF (IYW) was 0.9% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) rose 2.4% while the iShares Semiconductor ETF (SOXX) increased by 0.6%.Microsoft (MSFT) shares were up more than 1% in Friday's premarket activity. Microsoft Italy and Expert.ai said they have entered into a collaboration to accelerate the adoption of artificial intelligence for enterprise use cases.EnergyThe iShares US Energy ETF (IYE) was down 0.3%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated by 0.7%.Exxon Mobil (XOM) stock was down nearly 1% before Friday's opening bell. Reuters reported Thursday that the company has withdrawn an offer to sell two initial cargoes of liquefied natural gas from its Golden Pass export plant in Texas.CommoditiesFront-month US West Texas Intermediate crude oil fell by 3.7% to $91.19 per barrel on the New York Mercantile Exchange. Natural gas gained by 1.4% to reach $2.69 per 1 million British Thermal Units. The United States Oil Fund (USO) retreated by 2.9%, while the United States Natural Gas Fund (UNG) was 0.6% higher.Gold futures for May were up by 0.2% at $4,815.60 an ounce on the Comex. Silver futures gained by 1% to reach $79.49 an ounce. SPDR Gold Shares (GLD) was 0.2% higher, and the iShares Silver Trust (SLV) advanced by 1.1%.

Dow JonesNasdaq CompositeS&P 500$ALLY$ALV$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$JBLU$MSFT$PMR$QQQ$RTH$SLV$SOXX$SPY$TRVI$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XOM$XRT$XSD
Equities

Social Buzz: Wallstreetbets Stocks Mixed Pre-Bell Friday; Netflix to Fall, Microsoft to Gain

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Friday's opening bell.Netflix (NFLX) fell more than 10% pre-bell after gaining 0.1% in the previous session.AMD (AMD) was down by 0.3% pre-bell, after a 7.8% gain at Thursday's close.Microsoft (MSFT) was 1.1% higher premarket, after a 2.2% increase from the previous session.Nvidia (NVDA) gained 0.2% premarket, following a 0.3% decrease from Thursday's session.DTE Energy (DTE) was flat in pre-bell hours, after a 0.2% gain from the previous session.Taiwan Semiconductor Manufacturing (TSM) was 1% higher premarket, following a 3.1% decline from Thursday's session.Allbirds (BIRD) fell by 3.9% hours before market open, continuing from a more than 35% fall at Thursday's close.Rocket Lab (RKLB) was up 0.3% in pre-bell activity, after closing Thursday with a 12.7% increase

$AMD$BIRD$DTE$MSFT$NFLX$NVDA$RKLB$TSM
Wire

Market Chatter: Paramount Skydance Says 'Call of Duty' Movie to Release in 2028

Paramount Skydance (PSKY) said the film adaptation of the Microsoft (MSFT)-owned Activision's "Call of Duty" game franchise will release on June 30, 2028, The Variety reported Thursday, citing a company presentation at CinemaCon.Paramount has a track record of adapting games into movies, including "Sonic the Hedgehog," according to the report.Paramount Skydance did not immediately respond 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: $11.74, Change: $+0.06, Percent Change: +0.56%

$MSFT$PSKY
Wire

Top Midday Stories: TSMC Earnings, Guidance Top Estimates But Shares Fall; PepsiCo Shares Rise Following Q1 Earnings Report

All three major US stock indexes were up in late-morning trading Thursday, as investors take in updates on the war in Iran as well as the latest large-company earnings reports.In company news, Taiwan Semiconductor Manufacturing (TSM), or TSMC, reported Q1 earnings Thursday of 22.08 New Taiwan dollars ($0.70) per diluted share, up from NT$13.94 a year earlier and above the FactSet consensus analyst estimate of NT$20.92. First-quarter net revenue was NT$1.134 trillion, up from NT$839.25 billion a year ago and above the FactSet consensus of NT$1.121 trillion. For Q2, the chipmaker said it expects net revenue of $39 billion to $40.2 billion, above the FactSet consensus of $38.09 billion. TSMC shares were down 1.9% around midday.PepsiCo (PEP) reported fiscal Q1 core earnings Thursday of $1.61 per diluted share, up from $1.48 a year earlier and above the FactSet consensus of $1.54. Fiscal Q1 net revenue was $19.44 billion, up from $17.92 billion a year ago and above the FactSet consensus of $18.95 billion. For fiscal 2026, PepsiCo said it continues to expect core constant currency EPS growth of 4% to 6% and organic revenue growth of between 2% and 4%. PepsiCo shares were up 2.1%.Abbott Laboratories (ABT) reported Q1 adjusted earnings Thursday of $1.15 per diluted share, up from $1.09 a year earlier and above the FactSet consensus of $1.14. First-quarter net sales were $11.16 billion, up from $10.36 billion a year ago and above the FactSet consensus of $11.00 billion. For Q2, Abbott said it expected adjusted diluted EPS of $1.25 to $1.31, below the FactSet consensus of $1.36. For full-year 2026, the company said it expects adjusted EPS of $5.38 to $5.58, down from its prior guidance of $5.55 to $5.80 and below the FactSet consensus of $5.60. Full-year 2026 comparable sales are expected to grow 6.5% to 7.5%, the company said. Abbott shares were down 4.4%.Charles Schwab (SCHW) reported Q1 adjusted earnings Thursday of $1.43 per diluted share, up from $1.04 a year earlier and above the FactSet consensus of $1.40. First-quarter net revenue was $6.48 billion, up from $5.60 billion a year ago but below the FactSet consensus of $6.50 billion. The company also said Thursday it will launch a spot cryptocurrency trading service for retail customers in the coming weeks. For a fee of 75 basis points per transaction, the platform will provide direct trading of bitcoin and ethereum alongside traditional investments, the company said. Shares of Schwab were down 4.8%.Stellantis (STLA) and Microsoft (MSFT) said Thursday they have signed a five-year strategic collaboration deal to co-develop advanced artificial intelligence, cybersecurity and engineering capabilities for the automaker's vehicles. Separately, Stellantis is planning a 100-million-euro ($117.9 million) investment to update its Poissy assembly plant near Paris, Bloomberg reported Thursday. The company will continue making vehicles at the facility through at least the end of 2028, the report said. Stellantis shares were down 0.8%, while Microsoft shares were up 1.6%.Oracle (ORCL) said Thursday it plans to expand its multicloud networking capabilities to provide high-performance connectivity between Oracle Cloud Infrastructure and Amazon's (AMZN) Amazon Web Services. Oracle shares were up 4.1%, while Amazon shares were down 0.3%.Sales of Tesla's (TSLA) Cybertruck were boosted by purchases from Elon Musk's other companies, Bloomberg reported Thursday, citing S&P Global Mobility registration data. Tesla shares were down 1.1%.Price: $368.08, Change: $-7.02, Percent Change: -1.87%

$ABT$AMZN$MSFT$ORCL$PEP$SCHW$STLA$TSLA$TSM
Wire

Amazon-Backed Anthropic Launches Claude Opus 4.7

Amazon (AMZN)-backed Anthropic said Thursday it launched the Claude Opus 4.7 model for advanced coding across all Claude products, Amazon Bedrock, Alphabet's (GOOG/GOOGL) Google Cloud Vertex AI, and Microsoft (MSFT) Foundry.The new model provides considerable improvement relative to Opus 4.6 in terms of agentic coding, reasoning, financial analysis, and visual reasoning, but has the same price point, according to a statement.Opus 4.7 was launched with safeguards that auto-detect and block requests indicating high-risk cybersecurity uses, the company said.Amazon has invested around $8 billion in Anthropic for a minority stake.Price: $246.12, Change: $-2.38, Percent Change: -0.96%

$AMZN$GOOG$GOOGL$MSFT
Equities

Social Buzz: Wallstreetbets Stocks Mixed Pre-Bell Thursday; Robinhood Markets to Advance, Allbirds to Decline

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Thursday's opening bell.Robinhood Markets (HOOD) advanced by 2% pre-bell, following a 10.4% rise from Wednesday's session.Microsoft (MSFT) was 1.5% higher premarket, after a 4.6% increase from the previous session.Tesla (TSLA) was up 0.7% in pre-bell activity, after closing Wednesday with a 7.6% increase.Allbirds (BIRD) fell by 30% hours before market open, swinging from a 582% rise at Wednesday's close.Taiwan Semiconductor Manufacturing (TSM) was 2.9% lower premarket, following a 1.3% decline from Wednesday's session.DTE Energy (DTE) was down 0.5% in pre-bell hours, after a 0.7% decline from the previous session.Sandisk (SNDK) was 1% lower premarket, after closing Wednesday with a 5.6% fall.Nvidia (NVDA) was down 0.4% premarket, following a 1.2% increase from Wednesday's session.

$BIRD$DTE$HOOD$MSFT$NVDA$SNDK$TSLA$TSM
US Markets

Nasdaq, S&P 500 Hit New Highs Amid US-Iran Peace Talk Prospects

The Nasdaq Composite and the S&P 500 notched record highs on Wednesday, buoyed by hopes that another round of peace talks between the US and Iran will likely result in a deal.The Nasdaq rose 1.6% to 24,016, marking the 11th consecutive one-day gain in a row, while the S&P 500 advanced 0.8% to 7,023. Both are new closing highs. The Dow Jones Industrial Average fell 0.2% to 48,463.7.Most sectors ended in the red, led by materials, while tech saw the biggest gain.Microsoft (MSFT) shares climbed 4.6%, the top gainer on the Dow, with fellow tech majors Salesforce (CRM), Apple (AAPL), and IBM (IBM) among the best performers on the index.Reports suggest Washington and Tehran could return to Pakistan for a second round of talks ahead of the deadline for a two-week ceasefire between the US and Iran. The first round of negotiations in Islamabad ended without a breakthrough."We feel good about the prospects of a deal," White House Press Secretary Karoline Leavitt said Wednesday, CNN reported."Markets have grown more confident that the Middle East crisis is moving toward a resolution, with the US and Iran arranging a second round of talks, and Tehran seemingly willing to halt shipments to avoid testing the US naval blockade," ING Bank said in a report.West Texas Intermediate crude oil was down 0.1% at $91.16 a barrel in Wednesday late-afternoon trade, while Brent gained 0.1% to $94.91.In company news, shares of retail brokers jumped, with Robinhood Markets (HOOD) up 10%, the best performer on the S&P 500. Webull (BULL) jumped 11%, while Interactive Brokers Group (IBKR) rose 3.4%.The rally followed the approval by the US Securities and Exchange Commission of a rule change that would eliminate the $25,000 minimum equity requirement for so-called "pattern day traders."Morgan Stanley (MS) and Bank of America's (BAC) first-quarter results topped Wall Street's estimates. Morgan Stanley's shares climbed 4.5%, while Bank of America rose 1.8%.Snap (SNAP) rallied 7.9%. The social media company plans to lay off about 1,000 employees, or roughly 16% of its full-time workforce, as part of Chief Executive Evan Spiegel's efforts to reduce costs.In economic news, US homebuilder confidence sank this month to the lowest since September amid economic uncertainty, as well as increasing building material costs and interest rates, the National Association of Home Builders and Wells Fargo said."Builder sentiment has fallen back in spring as buyers face ongoing elevated interest rates and growing economic uncertainty," NAHB Chairman Bill Owens said. "The year started with hopes for housing momentum growth, but risks with respect to the Iran war, energy costs, and declines for consumer confidence have slowed the market."US Treasury yields were higher, with the 10-year rate up 2.8 basis points at 4.28% and the two-year rate rising 1.5 basis points to 3.77%.Gold was last down 0.7% at $4,816.50 per troy ounce, while silver fell 0.3% to $79.32 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$BAC$BULL$CRM$HOOD$IBKR$IBM$MS$MSFT$SNAP
Wire

Zoom Names Russell Dicker as Chief Product Officer

Zoom Communications (ZM) said Wednesday it has appointed Russell Dicker as chief product officer.Before joining Zoom, Dicker most recently served as corporate vice president of Product at Microsoft (MSFT), where he led the product management and data science organizations for Microsoft Teams, the company said.Shares of Zoom were up 7.4% in Wednesday afternoon trading.Price: $88.39, Change: $+5.99, Percent Change: +7.27%

$MSFT$ZM
US Markets

Equities Mostly Rise Intraday as Trump Reportedly Says War Likely 'Very Close to Over'

US benchmark equity indexes were mostly higher intraday as President Donald Trump reportedly said the Iran was likely "very close to over."The Nasdaq Composite was up 1% at 23,873.7 after midday Wednesday, while the S&P 500 rose 0.4% to 6,998.1. The Dow Jones Industrial Average fell 0.3% to 48,376.9. Among sectors, consumer discretionary and technology paced the gainers, while industrials saw the steepest drop.Microsoft (MSFT) shares were up 4.4%, the top gainer on the Dow, with fellow tech majors Salesforce (CRM), Apple (AAPL), and IBM (IBM) among the best performers on the index.Trump said he sees the US-Israel war with Iran "as very close to over," news outlets reported, citing an interview on Fox Business Network conducted Tuesday and broadcast Wednesday. "We'll see what happens," Trump reportedly said. "I think they want to make a deal very badly."The army chief of mediator Pakistan arrived in Iran to try to prevent a renewal of the conflict, media outlets reported Wednesday."Markets have grown more confident that the Middle East crisis is moving toward a resolution, with the US and Iran arranging a second round of talks, and Tehran seemingly willing to halt shipments to avoid testing the US naval blockade," ING Bank said in a report.Iran's military has threatened to shut down shipping operations in the Red Sea, as well as the Persian Gulf and Sea of Oman if a US blockade of its ports continues, CNN reported.West Texas Intermediate crude oil was up 0.7% at $91.87 a barrel intraday, while Brent gained 0.6% to $95.40.In economic news, US homebuilder confidence sank this month to the lowest since September amid economic uncertainty, as well as increasing building material costs and interest rates, the National Association of Home Builders and Wells Fargo said."Builder sentiment has fallen back in spring as buyers face ongoing elevated interest rates and growing economic uncertainty," NAHB Chairman Bill Owens said. "The year started with hopes for housing momentum growth, but risks with respect to the Iran war, energy costs, and declines for consumer confidence have slowed the market."US Treasury yields were higher intraday, with the 10-year rate up 3.2 basis points at 4.29% and the two-year rate rising 2.1 basis points to 3.78%.In company news, Morgan Stanley (MS) and Bank of America's (BAC) first-quarter results topped Wall Street's estimates. Morgan Stanley's shares were up 4.6%, while Bank of America rose 2.2%.Snap (SNAP) shares jumped 7.6%. The social media company plans to lay off about 1,000 employees, or roughly 16% of its full-time workforce, as part of Chief Executive Evan Spiegel's efforts to reduce costs.Gold was down 0.7% at $4,815.30 per troy ounce, while silver fell 0.4% to $79.18 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$BAC$CRM$IBM$MS$MSFT$SNAP
Wire

Market Chatter: OpenAI Planning New Pricing for ChatGPT Ads

Microsoft-backed (MSFT) OpenAI intends to start pricing some ChatGPT ads based on whether people click on the ads as opposed to how many people see them, The Information reported Wednesday, citing an agency executive who spoke with OpenAI staff and who works with ChatGPT advertisers.The company also plans to introduce ads seeking to get people to take specific actions, like downloading an app or making a purchase, the report said, citing the executive.OpenAI 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: $400.38, Change: $+7.37, Percent Change: +1.88%

$MSFT
Sectors

Sector Update: Tech Stocks Climb Late Afternoon

Tech stocks rose late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) advancing 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 2.2%.The Philadelphia Semiconductor index added 2%.In corporate news, IonQ (IONQ) shares surged 19% after the company said it has been awarded a contract in the Defense Advanced Research Projects Agency's Heterogeneous Architectures for Quantum program.Microsoft (MSFT) will rent data center capacity from Nscale at a campus in Narvik, Norway, first intended for OpenAI, Bloomberg reported. Microsoft will rent 30,000 additional Nvidia (NVDA) Vera Rubin chips at the site, building on a prior $6.2 billion commitment, after OpenAI failed to reach an agreement with Nscale to run its workloads at the campus under its Stargate initiative, the report said. Microsoft shares were up 2.1%.Amazon (AMZN) agreed to buy mobile satellite services operator Globalstar (GSAT) as it aims to add direct-to-device services to its Leo satellite network. Amazon shares rose 3.9%, and Globalstar jumped 9%.Nvidia (NVDA) shares rose 3.6% after the company said Tuesday it is launching a family of quantum AI models, Ising, designed to allow companies to build quantum processors that will be able to run useful applications.

$AMZN$GSAT$IONQ$MSFT$NVDA
Sectors

Sector Update: Tech

Tech stocks rose late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) advancing 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 2.2%.The Philadelphia Semiconductor index added 2%.In corporate news, Microsoft (MSFT) will rent data center capacity from Nscale at a campus in Narvik, Norway, first intended for OpenAI, Bloomberg reported. Microsoft will rent 30,000 additional Nvidia (NVDA) Vera Rubin chips at the site, building on a prior $6.2 billion commitment, after OpenAI failed to reach an agreement with Nscale to run its workloads at the campus under its Stargate initiative, the report said. Microsoft shares were up 2.1%.

$MSFT
Wire

Microsoft to Expand Data Center Operations in Wyoming

Microsoft (MSFT) said Tuesday it plans to buy 3,200 acres of land to expand its data center operations in Cheyenne, Wyoming.The tech giant said it also developed a utility partnership with Black Hills (BKH) unit Black Hills Energy where power acquisition is guided by the large power contract service tariff that requires Microsoft to directly pay for all infrastructure upgrades and power procured.Microsoft will focus on bringing additional renewable energy to the Western Electricity Coordinating Council, as well as minimizing its water usage, it said.The datacenter project will create jobs for residents as the company plans to bolster community relationship by facilitating IT training and nonprofits, the company stated.Shares of Microsoft and Black Hills rose 1.8% and 4%, respectively, in afternoon trading.Price: $391.38, Change: $+7.01, Percent Change: +1.82%

$BKH$MSFT
Wire

Market Chatter: Microsoft to Rent Norway Data-Center Capacity Initially Set for OpenAI

Microsoft (MSFT) will rent data center capacity from Nscale at a campus in Narvik, Norway, first intended for OpenAI, Bloomberg reported Tuesday, citing Nscale and people familiar with the initial discussions.Microsoft will rent 30,000 additional Nvidia (NVDA) Vera Rubin chips at the site, building on a prior $6.2 billion commitment, after OpenAI failed to reach an agreement with Nscale to run its workloads at the campus under its Stargate initiative, the report said.Microsoft and OpenAI did not immediately respond to requests 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: $394.25, Change: $+9.88, Percent Change: +2.57%

$MSFT$NVDA
Commodities

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Tuesday Amid Hopes of Long-Term US-Iran Truce

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust (QQQ) was 0.4% higher in Tuesday's premarket activity amid hopes of a long-term truce between Iran and the US.US stock futures were also higher, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures gaining 0.5% before the start of regular trading.The National Federation of Independent Business said its Small Business Optimism Index fell to 95.8 in March from 98.8 in February, marking the lowest level since April 2025.US producer prices rose 0.5% in March, below expectations for a 1.1% increase and matching the prior month's gain.Core producer prices, which exclude food and energy, gained 0.1% in March, below forecasts for a 0.4% increase and slowing from a 0.3% advance in the prior month.Chicago Federal Reserve President Austan Goolsbee and Fed Governor Michael Barr are due to speak today.In premarket activity, bitcoin was up by 1.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.5% higher, Ether ETF (EETH) advanced 4.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 1%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.3%, while the Vanguard Industrials Index Fund (VIS) was up 0.3% and the iShares US Industrials ETF (IYJ) was 0.6% higher.American Airlines (AAL) stock was gaining more than 8% in premarket activity, while United Airlines (UAL) was up more than 3% before the opening bell after Reuters reported that United Chief Executive Scott Kirby proposed a potential combination with American during a late February meeting with President Donald Trump.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.04%, the Vanguard Health Care Index Fund (VHT) was 1% higher, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was up 0.5%.Novo Nordisk (NVO) stock was up more than 3% premarket after the UK's Medicines and Healthcare products Regulatory Agency approved a new single-dose 7.2 mg of Wegovy to treat adults with obesity. The company also announced a partnership with OpenAI to deploy advanced AI across its operations.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.6%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.6% higher.BlackRock (BLK) shares were up more than 2% pre-bell after the company reported higher Q1 adjusted earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.6%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.4%. The iShares US Consumer Staples ETF (IYK) gained 0.5%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced by 0.5%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 1.2% lower.Tesla's (TSLA) shares were up more than 1% pre-bell after Dutch vehicle regulator RDW said it has informed the European Commission of its intention to seek approval for Tesla's Full-Self Driving system across the European Union.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.7%, and the iShares US Technology ETF (IYW) was 0.6% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.8%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 2.5% while the iShares Semiconductor ETF (SOXX) rose by 1.2%.Microsoft (MSFT) shares were up more than 1% in Tuesday's premarket activity. Bloomberg News reported, citing Chief Sustainability Officer Melanie Nakagawa, that the company's carbon removal program "has not ended."EnergyThe iShares US Energy ETF (IYE) was down 0.2%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated by 0.6%.BP (BP) stock was up nearly 1% before Tuesday's opening bell after the company said that it expects "exceptional" results from its oil trading business for Q1 2026, amid the spike in prices driven by the US and Israeli war against Iran.CommoditiesFront-month US West Texas Intermediate crude oil fell by 2.6% to $96.48 per barrel on the New York Mercantile Exchange. Natural gas retreated by 1.8% to $2.58 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 0.7%, while the United States Natural Gas Fund (UNG) was 1.7% lower.Gold futures for May were up by 0.6% at $4,797.10 an ounce on the Comex. Silver futures rose by 3% to $77.92 an ounce. SPDR Gold Shares (GLD) was 0.5% higher, and the iShares Silver Trust (SLV) advanced by 2.5%.

Dow JonesNasdaq CompositeS&P 500$AAL$BETH$BITO$BLK$BP$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MSFT$NVO$PMR$QQQ$RTH$SLV$SOXX$SPY$TSLA$UAL$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
US Markets

Nasdaq Extends Rally to 9th Day as Tech Stocks Jump

The Nasdaq Composite advanced for the ninth straight session on Monday as US equity markets benefited from a jump in technology stocks.The Nasdaq climbed 1.2% to 23,183.7, while the S&P 500 added 1% to 6,886.2. The Dow Jones Industrial Average rose 0.6% to 48,218.3. Barring utilities and consumer staples, all sectors ended in the green, led by tech and financials.Oracle (ORCL) shares surged nearly 13%, the top gainer on the S&P 500. The company said it introduced artificial intelligence-focused updates to its utilities software suite at its customer edge summit, targeting improvements in billing, grid operations, and asset management.ServiceNow (NOW), Dell Technologies (DELL), Salesforce (CRM) and Microsoft (MSFT) were among tech stocks that registered gains.US earnings growth expectations appear to have shrugged off uncertainty around the Iran war, with markets betting on stronger corporate results this year than those projected before the war began, BlackRock Investment Institute said in a note on Monday.BlackRock upgraded its rating on US stocks to overweight from neutral, saying the Middle East conflict will likely drive limited economic damage.Oil prices, which jumped above $100 per barrel earlier on Monday amid a US blockade of maritime traffic around Iran's ports, pared gains, with West Texas Intermediate crude oil last up 1.3% at $97.83. Brent advanced 3.1% to $98.18.The blockade started at 10 am ET Monday. The development came after the US and Iran failed to reach a deal during negotiations in Pakistan over the weekend, fueling concerns over an already fragile ceasefire between Washington and Tehran.US President Donald Trump said Iran called this morning and that "they'd like to work a deal," according to a Reuters report. Despite the failed peace talks, a two-week ceasefire announced last week still holds.Trump's remarks come as Iran has vowed to retaliate following the US blockade, CNN reported. The Iran-controlled strait has been effectively shut since the war began at the end of February.Trump is mulling over limited strikes against Iran following the failed negotiations, The Wall Street Journal reported, citing people familiar with the situation."As the conflict with Iran enters its seventh week, persistent concern about the time it will take to arrive at an effective resolution to the conflict will, however, likely remain for now as a negative overhang for market participants to navigate," said John Stoltzfus, chief investment strategist at Oppenheimer Asset Management.Meanwhile, the Organization of the Petroleum Exporting Countries lowered its second-quarter oil demand forecast due to the Middle East conflict, but maintained its full-year estimates amid expectations for a rebound in the second half.US Treasury yields were lower, with the 10-year rate last down 4.7 basis points at 4.29% and the two-year rate dropping 2.7 basis points to 3.78%.In company news, Goldman Sachs (GS) on Monday posted first-quarter results above market estimates, while Chief Executive David Solomon said a protracted Middle East conflict could pose upside risks to inflation. The lender's shares fell 1.9%, the worst performer on the Dow.JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C) are scheduled to release their quarterly results on Tuesday, while Bank of America (BAC) and Morgan Stanley (MS) will announce their results on Wednesday. Outside the banking sector, Johnson & Johnson (JNJ), Netflix (NFLX) and PepsiCo (PEP) are set to release their results this week.In economic news, US existing home sales decreased in March as softening job growth and weaker consumer confidence continued to deter potential buyers, data from the National Association of Realtors showed.Gold was last down 0.4% at $4,766.30 per troy ounce, while silver dropped 1.1% to $75.67 per ounce.

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