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Asia Markets

Update: US Equity Futures Mixed Pre-Bell as Halt in Middle East Hostilities Holds, Semiconductor Stocks Drop

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Tuesday as the pause in hostilities between the US and Iran appeared to hold, while semiconductor-related stocks once again declined.Dow Jones Industrial Average futures were 0.9% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.7% lower.President Donald Trump said late Monday that the US was having "good talks" with Iran, with a "good chance" that a deal could be made, but warned that US attacks would resume if negotiations failed. Iran's Foreign Ministry said Tuesday it had discussions with Saudi Arabia and Oman regarding maritime passage on the Strait of Hormuz.Traders digested the latest round of earnings, with Coca-Cola (KO) posting higher fiscal Q2 comparable earnings and revenue.Visa (V) is expected to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.23 per share on revenue of $11.4 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.2% at $83.96 per barrel and US West Texas Intermediate crude 1.8% lower at $81.12 per barrel.The US advance international trade in goods deficit narrowed to $101.46 billion in June from $105.89 billion in May, according to data released by the US Census Bureau.The May S&P Case-Shiller home price index is scheduled for release at 9 am ET. The July consumer confidence index, due at 10 am ET, is projected to rise to 92.4 from 91.2. The Richmond Fed manufacturing index for July is also scheduled to be released at 10 am ET.In other world markets, Japan's Nikkei closed 4% lower, Hong Kong's Hang Seng ended 0.4% higher, and China's Shanghai Composite finished 1.2% lower. Meanwhile, the UK's FTSE 100 was up 0.5%, and Germany's DAX index was 0.1% higher in Europe's early afternoon session.In equities, Micron Technology (MU), AMD (AMD), and Intel (INTC) stocks were all down in premarket activity as part of a wider drop in the semiconductor sector. Micron shares fell 6.7%, AMD stock was down 4.3%, and Intel shares were 5.2% lower.On the winning side, Coca-Cola shares rose 4.2% after the company reported better-than expected comparable earnings and net operating revenue for Q2, as well as raised its comparable EPS growth outlook and organic revenue growth outlook for 2026. Microsoft (MSFT) was up 1.8% after the company introduced Project Perception, an AI-powered cybersecurity platform designed to detect, assess and respond to cyber threats in real time as attackers increasingly use AI to automate attacks. Johnson & Johnson (JNJ) shares were up 1.9% after the company said it has agreed to commit up to $5.5 billion to settle about 76,000 lawsuits that alleged its talc products caused ovarian cancer, aiming to bring finality to the 15-year litigation.

Dow JonesNasdaq CompositeS&P 500$AMD$INTC$KO$MSFT$MU$V
Japan

US Equity Futures Mixed as Halt in Middle East Hostilities Holds, Semiconductor Stocks Drop

US equity futures were mixed pre-bell Tuesday as the pause in hostilities between the US and Iran appeared to hold, while semiconductor-related stocks once again declined.Dow Jones Industrial Average futures were 0.7% higher, S&P 500 futures were down 0.1%, and Nasdaq futures were 1% lower.President Donald Trump said late Monday that the US was having "good talks" with Iran, with a "good chance" that a deal could be made, but warned that US attacks would resume if negotiations failed. Iran's Foreign Ministry said Tuesday it had discussions with Saudi Arabia and Oman regarding maritime passage on the Strait of Hormuz.Traders digested the latest round of earnings, with Coca-Cola (KO) posting higher fiscal Q2 comparable earnings and revenue.Visa (V) is expected to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.23 per share on revenue of $11.4 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.4% at $84.64 per barrel and US West Texas Intermediate crude 0.9% lower at $81.83 per barrel.The international trade in goods report for June, scheduled for release at 8:30 am ET, is expected to show the deficit narrowing to $100 billion from the revised value of $105.9 billion in the prior month, according to estimates compiled by Bloomberg.The May S&P Case-Shiller home price index is scheduled for release at 9 am ET. The July consumer confidence index, due at 10 am ET, is projected to rise to 92.4 from 91.2. The Richmond Fed manufacturing index for July is also scheduled to be released at 10 am ET.

Dow JonesNasdaq CompositeS&P 500$KO$V
Stocks Mostly Down Pre-Bell Amid Chip Sell-Off; Traders Await More Earnings
US Markets

Stocks Mostly Down Pre-Bell Amid Chip Sell-Off; Traders Await More Earnings

US equity futures were mostly tracking in the red on Tuesday amid a selloff in chip stocks over concerns about artificial intelligence financing, while traders await the latest batch of corporate earnings.The S&P 500 declined 0.2% and the Nasdaq fell 0.9% in premarket activity, while the Dow Jones Industrial Average edged up 0.1%. The indexes finished the previous trading session mixed.Shares of Nvidia (NVDA) were down 0.9% pre-bell after closing Monday with a nearly 5% decrease. The tech bellwether is reportedly in talks to provide a roughly $250 billion backstop for OpenAI as part of a data-center project, raising concerns about "circular financing," in which suppliers are also major investors in their customers.Sandisk (SNDK) slipped 7.2% while Intel (INTC) was off 4.1%. Marvell Technology (MRVL) shed 4.9% and Qualcomm (QCOM) declined 2.9%. Advanced Micro Devices (AMD) dropped about 4%.West Texas Intermediate crude oil declined 2.2% to $80.86 a barrel before the opening bell, while Brent slid 2.3% to $86.32.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report on Monday. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Tehran's foreign ministry continued to hold discussions with Saudi Arabia and Oman on Tuesday over the future of the Strait of Hormuz, CNBC reported.Coca-Cola (KO), Boeing (BA), S&P Global (SPGI), United Parcel Service (UPS), Royal Caribbean Cruises (RCL), Sherwin-Williams (SHW) and PayPal (PYPL) are some of the major companies scheduled to report their latest financial results Tuesday. Visa (V), NXP Semiconductors (NXPI) and automaker Ford (F) are expected to release their earnings after the markets close.The Federal Reserve's monetary policy committee is set to kick off its meeting on interest rates today, with a decision due Wednesday. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 64%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.UBS Securities said Monday it expects three dissents as a base case, but won't be surprised to see two more pushing for a rate hike.Treasury yields were down in premarket action, with the two- and 10-year rates retreating 1.9 basis points each to 4.3% and 4.62%, respectively.Tuesday's economic calendar also has the international trade in goods data, as well as the retail and wholesale inventories reports, all for June, at 8:30 am ET. The Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for May, post at 9 am.The consumer confidence report for July is out at 10 am, along with the Richmond Fed manufacturing index for the same month.Gold moved down 1.4% to $4,021 per troy ounce, while bitcoin dropped 2.2% to $63,463.

Dow JonesNasdaq CompositeS&P 500$AMD$BA$F$INTC$KO$MRVL$NVDA$NXPI$PYPL$QCOM$RCL$SHW$SNDK$SPGI$UPS$V
Update: Wall Street Wavers as Oil Slides; Fed Decision, Major Earnings in Focus
US Markets

Update: Wall Street Wavers as Oil Slides; Fed Decision, Major Earnings in Focus

(Updates with market moves at the end of the day.)US stocks ended mixed in what turned out to be a choppy session on Monday as oil prices tumbled, with investors awaiting the Federal Reserve's monetary policy decision and major earnings releases.The Dow Jones Industrial Average rose 0.5% to 52,210.08, while the Nasdaq Composite edged down 0.2% to 24,932.08. The S&P 500 settled just above the flatline at 7,413.18. Most sectors were in the green, led by consumer staples, while energy saw the steepest decline.West Texas Intermediate crude oil was down 8% at $82.19 a barrel in Monday late-afternoon trade, while Brent slumped 9.2% to $87.90.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran.Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Treasury yields were lower, with the 10-year rate down 3.2 basis points at 4.65% and the two-year rate falling 1.1 basis points to 4.35%.The Federal Open Market Committee kicks off its two-day policy meeting on Tuesday, with a decision on interest rates due the following day. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 62%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.UBS Securities expects three dissents as a base case, but said it won't be surprised to see two more pushing for a rate hike.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).In company news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative expected to be worth more than $500 billion. The deal includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory.Nvidia's shares dropped 5%, the worst performer on the Dow, while SK Hynix slumped 7.5%.TransDigm Group (TDG) agreed to acquire specialty metal maker Prince & Izant from private equity firm Industrial Growth Partners for about $1.07 billion in cash. TransDigm shares advanced 4%.Gold edged up 0.3% to $4,083.90 per troy ounce, while silver lost 0.2% to $58.80 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$BA$KO$MA$META$MSFT$NVDA$PG$QCOM$SKHY$TDG$V$XOM
Update: Equities Mixed Intraday as Markets Await Fed Decision, More Earnings Reports
US Markets

Update: Equities Mixed Intraday as Markets Await Fed Decision, More Earnings Reports

(Updates with latest market prices and developments.)US stocks were mixed intraday amid a sharp pullback in oil prices, as traders prepared for the Federal Reserve's policy decision and mega-cap earnings reports later in the week.The Nasdaq Composite was down 0.6% at 24,834.6 after midday Monday, while the S&P 500 fell 0.3% to 7,390.2. The Dow Jones Industrial Average rose 0.2% to 52,031.4. Among sectors, communication services paced the gainers, while technology saw the steepest decline.West Texas Intermediate crude oil dropped 7.5% to $82.61 a barrel, while Brent slumped 8% to $89.09.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran.The US military struck Iran for the 13th straight night on Thursday, with Iran launching its retaliatory attacks across Gulf states. There hasn't been an announcement on fresh US strikes since then.Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Treasury yields were lower intraday, with the 10-year rate down 3.2 basis points at 4.65% and the two-year rate falling 1.3 basis points to 4.32%.The Federal Open Market Committee kicks off its two-day policy meeting on Tuesday, with a decision on interest rates due the following day. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 62%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool."In our view, in the event of a rate hold there are likely to be dissents with the number hinging on the extent to which the statement language shifts in a hawkish direction," Macquarie said Monday in a report.While the firm expects no change to the federal funds rate this week, it continues to project a hike, most likely in December.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).In company news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative expected to be worth more than $500 billion. The deal includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory.Nvidia's shares dropped 5.2% intraday, the worst performer on the Dow, while SK Hynix slumped 9.6%.TransDigm Group (TDG) agreed to acquire specialty metal maker Prince & Izant from private equity firm Industrial Growth Partners for approximately $1.07 billion in cash. TransDigm shares rose 3.4% intraday.Gold edged up 0.2% $4,077.40 per troy ounce, while silver lost 0.2% to $58.77 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$BA$KO$MA$META$MSFT$NVDA$PG$QCOM$SKHY$TDG$V$XOM
S&P 500 Second-Quarter Earnings Growth Reaches 70%, Oppenheimer Says
Wire

S&P 500 Second-Quarter Earnings Growth Reaches 70%, Oppenheimer Says

S&P 500 companies' second-quarter earnings growth reached 70%, driven by the information technology sector, where profits nearly tripled year on year, Oppenheimer Asset Management said in a report Monday.A total of 133 companies, or 27% of the index constituents, have reported second-quarter results, with profit growth accelerating to 70% year over year from about 52% up until a week ago. Revenue growth slowed to 12.6% from 16%, according to the report.Tech earnings soared 190% annually, followed by communications services companies, which reported 168% profit growth. Technology also had the highest annual revenue increase of 45% among 11 sectors, with financials showing a 17% jump.Prior to the start of the second-quarter reporting season, FactSet-polled consensus estimates projected S&P 500 earnings growth of nearly 24% year over year, Oppenheimer said.Another 169 S&P 500 companies are scheduled to report results this week, including four of the so-called Magnificent 7 companies Microsoft (MSFT), Meta Platforms (META), Apple (AAPL) and Amazon (AMZN).ExxonMobil (XOM), Visa (V), Mastercard (MA), AbbVie (ABBV), Chevron (CVX), Coca-Cola (KO) and Procter & Gamble (PG) also report this week."Looking at current valuations and the current earnings season, more factors appear to be getting better than getting worse," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.Oil prices slid Monday as President Donald Trump said the US and Iran were in talks. However, crude has rallied this month due to the apparent collapse of a preliminary US-Iran peace deal.Escalated tensions between the two nations sent the 10-year Treasury yield to 4.68% last week, the highest level since January 2025, Stoltzfus said.Price: $391.06, Change: $+9.36, Percent Change: +2.45%

$AAPL$ABBV$AMZN$CVX$KO$MA$META$MSFT$PG$V$XOM
Japan

Update: US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Pause in Middle East Hostilities

US equity futures rose pre-bell Monday as oil prices declined amid a pause in hostilities between the US and Iran over the weekend.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.3% higher.The US did not strike any Iranian targets on Saturday or Sunday after 13 consecutive nights of attacks. The US ambassador to the United Nations, Mike Waltz, told Fox News that President Donald Trump has halted the attacks for the meantime to allow more time for diplomacy. Iran said it will suspend its own attacks as long as the US does the same, Reuters reported Sunday, citing a senior Iranian official.Traders anticipate another round of earnings this week, kicked off by AstraZeneca (AZN), which posted higher Q2 core earnings and revenue.Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon.com (AMZN), Lam Research (LRCX), and Arm (ARM) are set to release their financial results this week. Anticipated earnings also include Seagate Technology (STX), Qualcomm (QCOM), Procter & Gamble (PG), Visa (V), and Mastercard (MA).Traders also look forward to the Federal Reserve's policy session and rate statement, slated for Wednesday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 5.2% at $86.94 per barrel and US West Texas Intermediate crude 6% lower at $83.97 per barrel.Durable goods new orders rose 0.3% in June after a 4.0% decline in the prior month, compared with expectations for a 1.8% increase in a survey compiled by Bloomberg. The Dallas Fed manufacturing survey for July will be released at 10:30 am ET.In other world markets, Japan's Nikkei closed 0.5% higher, Hong Kong's Hang Seng ended 1% higher, and China's Shanghai Composite finished 1.2% higher. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 1.6% higher in Europe's early afternoon session.In equities, energy-related stocks were on the downswing due to the drop in oil prices. Exxon Mobil (XOM) shares fell 3.4%, Chevron (CVX) stocks were down 2.7%, and Shell (SHEL) shares were 2.3% lower.On the winning side, Broadcom (AVGO) stock was up 2.1% after the company and Samsung Electronics said they signed a memorandum of understanding to expand their strategic collaboration across memory and foundry technologies to support next-generation artificial intelligence infrastructure. Advanced Micro Devices (AMD) shares rose 2.2% after a Korea Times report cited the Ministry of Science and ICT as saying that the company partnered with South Korea to establish an artificial intelligence research facility and expand computing infrastructure. Toyota Motor (TM) stock was up 1.6% after the company said it signed a binding agreement with Volvo Group and Daimler Truck to acquire a one-third stake in fuel-cell joint venture Cellcentric.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMD$AMZN$ARM$AVGO$AZN$CVX$LRCX$MA$META$MSFT$PG$QCOM$SHEL$STX$TM$V$XOM
Stocks Rise Pre-Bell as US, Iran Pause Strikes; Fed Policy Decision, Inflation Report on Deck
US Markets

Stocks Rise Pre-Bell as US, Iran Pause Strikes; Fed Policy Decision, Inflation Report on Deck

The benchmark US stock measures were pointing higher before the opening bell Monday after the US and Iran halted strikes over the weekend, while traders gear up for a busy week that includes a major policy decision by the Federal Reserve, a key inflation report and earnings.The S&P 500 and the Dow Jones Industrial Average rose 0.8% each in premarket activity, while the Nasdaq increased 1.4%. The S&P 500 and the Dow finished Friday's trading session in the green, while the Nasdaq closed lower.After 13 consecutive nights of strikes against Iran, no US attacks against Tehran were officially announced over the weekend. Iran said it will also halt its attacks as long as the US does the same, a senior Iranian official told Reuters on Sunday.West Texas Intermediate crude oil dropped 6.4% to $83.56 a barrel before the open, while Brent fell 8% to $89.06.The US ambassador to the United Nations Mike Waltz reportedly told Fox News on Sunday that President Donald Trump has paused strikes against Iran to give talks "some space."Iranian Foreign Ministry spokesman Esmail Baghaei said technical talks with Oman on the Strait of Hormuz continued over the weekend, CNBC reported.Meanwhile, Iran summoned Ukraine's charge d'affaires in Tehran on Sunday over an attack on an Iranian commercial vessel in the Caspian Sea, calling it a "hostile and criminal act," according to a separate CNBC report.The Fed's monetary policy committee is scheduled to meet on Tuesday, with a decision on interest rates due the following day. The probability the central bank will leave its benchmark lending rate unchanged currently stands at 69%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool.Traders also await the personal income and outlays report for June later in the week. The report includes the personal consumption expenditure core price index, the Fed's preferred inflation metric.Treasury yields were down in premarket action, with the two-year rate retreating 2.6 basis points to 4.31% and the 10-year rate off 3.8 basis points to 5.12%.Monday's economic calendar has the durable goods orders report for last month at 8:30 am ET, followed by the Dallas Fed manufacturing survey for July at 10:30 am.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).Shares of Forte Biosciences (FBRX) jumped 39% pre-bell after it agreed to be acquired by Belgian-Dutch immunology firm argenx (ARGX) in a deal worth roughly $2.2 billion. AstraZeneca's (AZN) US-listed stock gained 1.4% after the company reported its latest quarterly results.Gold inclined 0.7% to $4,098 per troy ounce, while bitcoin advanced 1.1% to $65,350.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$ARGX$AZN$BA$FBRX$KO$MA$META$MSFT$PG$QCOM$V$XOM
Japan

US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Pause in Middle East Hostilities

US equity futures rose pre-bell Monday as oil prices declined amid a pause in hostilities between the US and Iran over the weekend.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.9%, and Nasdaq futures were 1.4% higher.The US did not strike any Iranian targets on Saturday or Sunday after 13 consecutive nights of attacks. The US ambassador to the United Nations, Mike Waltz, told Fox News that President Donald Trump has halted the attacks for the meantime to allow more time for diplomacy. Iran said it will suspend its own attacks as long as the US does the same, Reuters reported Sunday, citing a senior Iranian official.Traders anticipate another round of earnings this week, kicked off by AstraZeneca (AZN), which posted higher Q2 core earnings and revenue.Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon.com (AMZN), Lam Research (LRCX), and Arm (ARM) are set to release their financial results this week. Anticipated earnings also include Seagate Technology (STX), Qualcomm (QCOM), Procter & Gamble (PG), Visa (V), and Mastercard (MA).Traders also look forward to the Federal Reserve's policy session and rate statement, slated for Wednesday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 6.5% at $85.74 per barrel and US West Texas Intermediate crude 6.8% lower at $83.23 per barrel.The June durable goods orders report is expected to show a 1.8% increase after a decline of 4.5% in the prior month, according to estimates compiled by Bloomberg. The Dallas Fed manufacturing survey for July will be released at 10:30 am ET.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$ARM$AZN$LRCX$MA$META$MSFT$PG$QCOM$STX$V
Sectors

Sector Update: Financial Stocks Advance Thursday Afternoon

Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) advancing marginally.The Philadelphia Housing Index was climbing 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.4%.Bitcoin (BTC-USD) was shedding 0.5% to $64,377, and the yield for 10-year US Treasuries was rising 1.9 basis points to 4.57%.In economic news, US retail sales rose by 0.2% in June, following a 1.0% gain in the prior month and meeting expectations in a survey compiled by Bloomberg.Initial jobless claims dropped to 208,000 in the week ended July 11 from 216,000 in the previous week, compared with expectations for an increase to 217,000.The Philadelphia Federal Reserve's monthly manufacturing index rose to 41.4 in July from 10.3 in June, compared with expectations for a smaller increase to a reading of 12.5.In corporate news, U.S. Bancorp (USB) and State Street (STT) reported higher Q2 earnings year over year on Thursday, as both lenders topped revenue estimates amid strong net interest income and fee-based gains. U.S. Bancorp shares rose 1.7%, and State Street was down 1.1%.Voya Financial (VOYA) has attracted informal takeover interest in recent weeks, though no talks are underway and the company's management and board are not seeking a transaction, Semafor reported. Voya shares were up 1.1%.Visa (V) said Thursday it launched the Visa Stablecoin Platform, which is designed to help financial institutions, fintechs and crypto-native firms access stablecoin functionality through a single Visa-managed environment. Visa shares climbed 1.9%.

$STT$USB$V$VOYA
Wire

Visa's Remaining Performance Obligations Provide Revenue Growth Visibility, UBS Says

Visa's (V) remaining performance obligations, or RPOs, provide "a small degree of net revenue growth visibility," particularly as they relate to value added services, UBS said in a note on Monday.The bank estimated that value-in-kind incentives contribute about 0.5% to 1% of total net revenue growth and roughly 2% to 4% of value added services.UBS said the disclosures help investors understand "an increasing, albeit minor, portion" of Visa's future revenue growth.Visa and Mastercard "remain well positioned" within its payments coverage, citing their "deep competitive moats and scale" and ability to deliver durable revenue growth, UBS said.UBS reiterated its buy rating on Visa with a $410 price target.Price: $358.40, Change: $+2.38, Percent Change: +0.67%

$V
Wire

Visa's Remaining Performance Obligations Offer Small Degree of Visibility Into Net Revenue Growth, UBS Says

Visa's (V) remaining performance obligations provide a small degree of visibility into net revenue growth, particularly for its value added services business, while a minor but growing part of its net revenue growth is associated with rising deferred and contracted revenue, UBS Securities said in a note emailed Tuesday.Visa's RPOs represent a subset of contracted value-in-kind incentives associated with VAS, the firm noted. VAS paid for through these incentives contributes about 0.5% to 1% to Visa's total net revenue growth and roughly 2% to 4% to VAS growth, according to the note.The brokerage said it views Visa and Mastercard (MA) as the preferred names for exposure to the broader payments and fintech sector, given their ability to compound revenue in the low-double-digits over the medium-term."We believe investors that believe in the persistence of even ~M-HSD revenue growth for Visa & Mastercard will be rewarded," the firm said.UBS kept its buy rating on Visa with a price target of $410.Price: $358.01, Change: $+0.25, Percent Change: +0.07%

$MA$V
Insider Trading

Visa Insider Sold Shares Worth $7,134,967, According to a Recent SEC Filing

Ryan McInerney, Director, Chief Executive Officer, on June 29, 2026, sold 20,970 shares in Visa (V) for $7,134,967. Following the Form 4 filing with the SEC, McInerney has control over a total of 280,342 Class A common shares of the company, with 15,174 shares held directly and 265,168 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1403161/000140316126000088/xslF345X05/form4.xml

$V
Wire

Visa, Stripe, Mastercard Among 140+ Firms Launching Open USD Stablecoin

Open Standard, an independent company backed by more than 140 businesses, launched Open USD, a new US dollar-backed stablecoin designed for global money movement, the company said Tuesday.Partners include Visa (V), Stripe, Mastercard, American Express, BlackRock, BNY, Google, Coinbase, Shopify, DoorDash, and Standard Chartered, among others. All plan to integrate Open USD into their systems once it goes live later this year.Open USD is designed around three principles: free minting and redemption with no volume limits, reserve earnings shared among partners minus a small management fee, and collaborative governance through a board made up of partners, the company said.Zach Abrams, co-founder of Stripe-owned Bridge, serves as founding CEO of Open Standard, according to the statement.Price: $343.74, Change: $+2.09, Percent Change: +0.61%

$BK$BLK$COIN$GOOGL$MA$PYPL$SHOP$V
Wire

Visa Launches Visa Destinations Platform for Cardholders

Visa (V) said Thursday it launched its Visa Destinations travel platform across 10 destinations, including Paris, London, Dubai and New York City, for Visa cardholders.The platform offers cardholders access to curated experiences across dining, entertainment, hospitality, shopping and transport. Premium cardholders can access enhanced travel benefits and tailored experiences.The experiences are supported by Visa's partners, including Santander Group, Global Blue, Star Alliance and Trip.com Group, the company said.Price: $337.87, Change: $+5.64, Percent Change: +1.70%

$V
Wire

Evo Partners With Visa for Global Game Community

The Evolution Championship Series, or Evo, has signed a multi-year partnership with Visa (V) for its global events through early 2028, Evo said Wednesday.The partnership will debut at Evo Las Vegas this week, said Evo, which represents the fighting game community.Price: $331.56, Change: $+3.08, Percent Change: +0.94%

$V
Sectors

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index down 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.2%.The Philadelphia Housing Index fell 2.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.2%.Bitcoin (BTC-USD) was fractionally lower at $61,685, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.542%.In economic news, the US seasonally adjusted consumer price index, a measure of inflation, rose by 0.5% in May, as expected, following a 0.6% increase in April, according to data released Wednesday by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose by 0.2%, below the consensus estimate for a 0.3% increase. Core CPI rose by 0.4% in April. The year-over-year rates for overall and core CPI increased to 4.2% and 2.9%, respectively, from 3.8% and 2.8% in the previous month.In corporate news, JPMorgan Chase (JPM) and Bank of America (BAC) are among the major US banks that have received subpoenas from the Justice Department seeking information over whether they "debanked" clients for political reasons, The Wall Street Journal reported. JPMorgan shares were down 0.4%, and Bank of America rose 0.7%.Visa (V) said Wednesday its payment services will be integrated into OpenAI's platform to allow retailers to accept purchases from AI agents. Visa shares were shedding 0.4%.Nasdaq (NDAQ) Verafin is launching a new set of agentic workers, beginning with the Agentic AML Analyst and the Agentic Fraud Analyst, the firm said. The shares were down 0.8%.Brookfield Asset Management (BAM) is expanding its offerings for wealthy investors in Japan, targeting infrastructure, real estate, and private credit as hedges against inflation, Nikkei reported. Brookfield shares were falling 3.2%.

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Wire

Visa Introduces New AI, Stablecoin, Token Capabilities

Visa (V) introduced new artificial intelligence, stablecoin and token capabilities at the Visa Payments Forum conference, the company said Wednesday.Visa is partnering with AI platforms to ensure agent-initiated transactions are transparent and trusted, and has introduced improvements to its tokens to bring more data, context and assurance into the credentials used in digital commerce, it said.Additionally, Visa will build the technology layer that enables banks to turn traditional deposits into programmable, always-on digital money, the company said, adding that it is expanding stablecoin settlement pilots across multiple regions, blockchains and currencies.Price: $324.76, Change: $-0.29, Percent Change: -0.09%

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Wire

Visa Partners With OpenAI to Let AI Agents Make Purchases Online

Visa (V) said Wednesday its payment services will be integrated into OpenAI's platform to allow retailers to accept purchases from AI agents."Visa will provide its global network, credentialing capabilities and security infrastructure to support agentic commerce experiences," according to a statement.Price: $324.03, Change: $-1.02, Percent Change: -0.31%

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Wire

Visa Reportedly Partners With OpenAI to Let AI Agents Make Purchases Online

Visa Reportedly Partners With OpenAI to Let AI Agents Make Purchases Online

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