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Sectors

Sector Update: Financial Stocks Rise Premarket Thursday

Financial stocks were rising premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.8%.Fiserv (FISV) shares were down more than 11% after the company posted lower Q2 adjusted earnings and revenue, and cut its 2026 outlook.Cboe Global Markets (CBOE) stock was up more than 1% after the company said its European clearing unit will expand its securities financing transactions service to include fixed-income lending starting Aug. 24.Walker & Dunlop (WD) shares were down more than 6% after the company reported a decline in Q2 revenue.

$CBOE$FAS$FAZ$FISV$WD$XLF
Asia Markets

Update: Tech Stocks Drag Down Equity Index Futures Pre-Bell Amid AI, Gulf Worries

(Updates with latest index futures, equity, and oil prices in the second, third, and sixth paragraphs, respectively, and updated economic results in the seventh and eighth paragraphs.)Tech stocks swooned and broader equity index futures declined in Friday's premarket trading amid concerns about the profitability of AI, lingering worries about Middle East stability, and potential interest rate hikes.Nasdaq futures were down 1.0% while S&P 500 futures fell 0.3% and Dow futures advanced 0.1% in the pre-bell session.The tech sector was dragged down by chipmakers including Micron Technologies (MU), down 6.2%, Intel (INTC), down 3.8%, AMD (AMD), down 4%, and Nvidia (NVDA), down 1.7%, while memory storage firm Western Digital (WDC) was down 5.9%.Investors were spooked by reports that Microsoft-backed (MSFT) OpenAI is leaning toward delaying its initial public offering and an Iranian attack on a ship transiting the Strait of Hormuz. Inflation fears have also spiked in recent days after US President Donald Trump delayed signing a bi-partisan bill to bring down housing costs, diminishing hopes of a rate cut.Despite elevated security concerns in the Persian Gulf, oil prices continued a slide that has followed the signing of a memorandum of understanding between Washington and Tehran that saw the reopening of the Strait of Hormuz to commercial ship traffic.Brent crude was down 3.1% to $72.94 per barrel while West Texas crude prices were down 2.8% to $69.90 per barrel, the lowest levels since the start of the Feb. 28 attacks by the US and Israel on Iran that sparked months of war and uncertainty.May's goods trade gap rose sharply. Imported goods exceed exports by $105.76 billion, up from a revised figure of $83.0 billion in April and above the $85.0 billion expected by analysts.May wholesale inventories increased 0.3%, down from a 0.7% increase in April and below the expected 0.4% rise.Analysts expect a rise in June consumer sentiment to 50.0 from 48.9 in May in the University of Michigan survey set for release at 10 ET

Dow JonesNasdaq CompositeS&P 500$AMD$INTC$NVDA$WD
Japan

Update: Tech Stocks Drag Down Equity Index Futures Pre-Bell Amid AI, Gulf Worries

(Updates with latest index futures, equity, and oil prices in the second, third, and sixth paragraphs, respectively, and updated economic results in the seventh and eighth paragraphs.)Tech stocks swooned and broader equity index futures declined in Friday's premarket trading amid concerns about the profitability of AI, lingering worries about Middle East stability, and potential interest rate hikes.Nasdaq futures were down 1.0% while S&P 500 futures fell 0.3% and Dow futures advanced 0.1% in the pre-bell session.The tech sector was dragged down by chipmakers including Micron Technologies (MU), down 6.2%, Intel (INTC), down 3.8%, AMD (AMD), down 4%, and Nvidia (NVDA), down 1.7%, while memory storage firm Western Digital (WDC) was down 5.9%.Investors were spooked by reports that Microsoft-backed (MSFT) OpenAI is leaning toward delaying its initial public offering and an Iranian attack on a ship transiting the Strait of Hormuz. Inflation fears have also spiked in recent days after US President Donald Trump delayed signing a bi-partisan bill to bring down housing costs, diminishing hopes of a rate cut.Despite elevated security concerns in the Persian Gulf, oil prices continued a slide that has followed the signing of a memorandum of understanding between Washington and Tehran that saw the reopening of the Strait of Hormuz to commercial ship traffic.Brent crude was down 3.1% to $72.94 per barrel while West Texas crude prices were down 2.8% to $69.90 per barrel, the lowest levels since the start of the Feb. 28 attacks by the US and Israel on Iran that sparked months of war and uncertainty.May's goods trade gap rose sharply. Imported goods exceed exports by $105.76 billion, up from a revised figure of $83.0 billion in April and above the $85.0 billion expected by analysts.May wholesale inventories increased 0.3%, down from a 0.7% increase in April and below the expected 0.4% rise.Analysts expect a rise in June consumer sentiment to 50.0 from 48.9 in May in the University of Michigan survey set for release at 10 ET

Dow JonesNasdaq CompositeS&P 500$AMD$INTC$NVDA$WD
Japan

Tech Stocks Drag Down Equity Index Futures Pre-Bell Amid AI, Gulf Worries

Tech stocks swooned, and broader equity index futures declined in Friday's premarket trading amid concerns about the profitability of AI, lingering worries about Middle East stability, and potential interest rate hikes.Nasdaq futures were down 1.1% while S&P 500 futures fell 0.5% and Dow futures slipped 0.1% in the pre-bell session.The tech sector was dragged down by chipmakers including Intel (INTC), down 3.4%, AMD (AMD), down 3.4%, and Nvidia (NVDA), down 1%, while memory storage firm Western Digital (WD) was down 3.8%.Investors were spooked by reports that Microsoft-backed (MSFT) OpenAI is leaning toward delaying its initial public offering and an Iranian attack on a ship transiting the Strait of Hormuz. Inflation fears have also spiked in recent days after US President Donald Trump blocked his own bill to bring down housing costs, diminishing hopes of a rate cut.Despite elevated security concerns in the Persian Gulf, oil prices continued a days-long slide that followed the signing of a memorandum of understanding between Washington and Tehran that saw the reopening of the Strait of Hormuz to commercial traffic.Brent crude was down 3.3% to $72.75 per barrel while West Texas crude prices were down 3.3% to $69.58 per barrel, the lowest levels since the start of the Feb. 28 attacks by the US and Israel on Iran that sparked months of war and uncertainty.Among the economic news expected is the release of May's goods trade gap. Imported goods are expected to exceed exports by $85.0 billion, up from a revised figure of $83.0 billion in April.May wholesale inventories are expected to increase 0.4%, down from a 0.6% increase in April.Analysts also expect a rise in May consumer sentiment in the monthly University of Michigan survey to 50.0, up from 48.9 in April.

Dow JonesNasdaq CompositeS&P 500$AMD$INTC$NVDA$WD
Research

Stephens Initiates Coverage on Walker & Dunlop With Overweight Rating, $69 Price Target

Walker & Dunlop (WD) has an average rating of overweight and mean price target of $68, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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