Financial News · Live Terminal

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Oil Falls to the to a a Near Four-Month Low as Tankers Begin to Move Through the Strait of Hormuz

Oil edged down early Tuesday, falling for a third session as tankers begin moving through the Strait of Hormuz after the US and Iran continue peace talks and the US gave Iran a 60-day export-sanctions waiver.West Texas Intermediate crude oil for August delivery was last seen down US$0.48 to US$73.38 per barrel, the lowest since March 2, while August Brent oil was down US$0.54 to US$77.36.The US on Monday granted Iran a 60-day sanctions waiver, freeing up the county's oil exports, while ships trapped in the Persian Gulf since the Feb. 28 start to the war began moving through the Strait of Hormuz. The New York Times reported 109 ships have moved through the Strait since the weekend agreement between the two countries."Brent crude trades near USD 77.50 and is lower for a second day as US-Iran talks continue. Additional pressure followed the US decision to issue a 60-day sanctions waiver, allowing limited sales of Iranian crude and refined products. The move should facilitate the export of some of the estimated 30 million barrels that left Iranian ports last week. Meanwhile, shipping data showed millions of barrels of crude and fuel products transited the Strait of Hormuz over the weekend, reinforcing expectations of improving regional supply flows," Saxo Bank noted.

$CLQ6$LCOQ6$USO

Sectors49m ago

Sector Update: Energy Stocks Slightly Higher Pre-Bell Tuesday

Energy stocks slightly rose pre-bell Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) marginally higher.The United States Oil Fund (USO) was down 1.2% and the United States Natural Gas Fund (UNG) was 1.5% lower.Front-month US West Texas Intermediate crude oil was 0.2% lower at $73.68 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.5% to $77.54 per barrel, and natural gas futures were down 1.3% at $3.21 per 1 million British Thermal Units.Phillips 66 (PSX) has partnered with Kanin Energy on a 7-megawatt waste heat-to-power project at its Mewbourn natural gas processing complex in Platteville, Colorado, Kanin Energy said. Phillips 66 stock was 0.1% higher premarket.Baker Hughes (BKR) has secured a lifecycle and digital services contract to support turbomachinery operations at ANOH Gas Processing's plant in Nigeria, the oilfield services firm said. Baker Hughes shares were down 0.4% pre-bell.Dorian LPG (LPG) shares were marginally higher after the company said it has signed an agreement to build one Very Large Gas Carrier, or VLGC, and reached separate memoranda of understanding to sell three VLGCs.

$BKR$LPG$PSX$UNG$USO$XLE

Sectors54m ago

Sector Update: Financial Stocks Lean Lower Premarket Tuesday

Financial stocks were leaning lower premarket Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower.Robinhood Markets (HOOD) shares were down 6% after the company priced a private $2 billion offering of non-interest-bearing senior convertible notes due Oct. 1, 2029.Apollo Global Management's (APO) Apollo Debt Solutions is limiting withdrawal requests at 5% of outstanding shares after investors asked to redeem 16.8%, up from 11.2% in the previous period, the private credit fund said in a shareholder letter. Apollo Global Management stock was down 2.8% premarket.Metropolitan Bank (MCB) shares were up more than 2% after the company authorized a new stock buyback program for up to $50 million of outstanding common shares.

$APO$FAS$FAZ$HOOD$MCB$XLF

Sectors58m ago

Sector Update: Healthcare Stocks Mixed Pre-Bell Tuesday

Healthcare stocks were mixed pre-bell Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.5% and the iShares Biotechnology ETF (IBB) 0.7% lower.Natera (NTRA) has received a Category 1 recommendation from the National Comprehensive Cancer Network for Signatera-guided adjuvant atezolizumab treatment in patients with muscle-invasive bladder cancer, the company said. Natera shares were down more than 2% premarket.Boundless Bio (BOLD) stock was up more than 79% after the company said it signed a definitive merger agreement with privately held biotech firm Serapha Bio in an all-stock merger.Armata Pharmaceuticals (ARMP) shares were up more than 10% after the company said it has received an additional $2.5 million in non-dilutive funding under a previously announced award from the Department of Defense.

$ARMP$BOLD$IBB$NTRA$XLV

Sectors59m ago

Sector Update: Consumer Stocks Mixed Premarket Tuesday

Consumer stocks were mixed premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.9% lower.Edgewell Personal Care (EPC) has rejected an unsolicited $30-per-share takeover bid from private equity firm Yellow Wood Partners, with the board deeming the offer too low, Bloomberg reported, citing people familiar with the matter. Shares of Edgewell Personal Care were up more than 9% pre-bell.Keurig Dr Pepper (KDP) shares were up more than 1% after the company said it has launched a search process for the future CEO of Global Coffee, which will be separated as an independent public entity.Ulta Beauty (ULTA) will begin selling Bath & Body Works (BBWI) products at over 600 retail locations on July 12 as part of turnaround plans by both companies, Reuters reported, citing company executives. Ulta Beauty shares were 0.7% lower, while Bath & Body Works stock was up 0.3% pre-bell.

$BBWI$EPC$KDP$ULTA$XLP$XLY

Sectors1h ago

Sector Update: Tech Stocks Fall Pre-Bell Tuesday

Technology stocks were falling pre-bell Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) 3.8% lower and the State Street SPDR S&P Semiconductor ETF (XSD) down 6.7%.Accenture (ACN) stock was up nearly 3% after the company said it is raising its fiscal 2026 share repurchase plan by $2 billion to a total of $7.5 billion in buybacks.Palantir Technologies (PLTR) and Zeta Global (ZETA) said they have signed a strategic partnership to develop artificial intelligence infrastructure. Zeta Global shares were up more than6% premarket.Viavi Solutions (VIAV) said it has launched its Ultra Ethernet Transport validation solution for AI fabrics, aimed at hyperscalers, cloud providers, and network equipment manufacturers deploying next-generation AI networks. Viavi Solutions stock was down more than 7% pre-bell.

$ACN$PLTR$VIAV$XLK$XSD$ZETA

Sectors1h ago

Sector Update: Energy

Energy stocks were edging higher pre-bell Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.3%.The United States Oil Fund (USO) was down 0.9% and the United States Natural Gas Fund (UNG) was 1.4% lower.Front-month US West Texas Intermediate crude oil was 0.4% lower at $73.58 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.5% to $77.55 per barrel, and natural gas futures were down 1.1% at $3.22 per 1 million British Thermal Units.Phillips 66 (PSX) has entered a partnership with Kanin Energy on a 7-megawatt waste heat-to-power project at its Mewbourn natural gas processing complex in Platteville, Colorado, Kanin Energy said. Phillips 66 stock was 0.4% higher premarket.

$PSX

Sectors1h ago

Sector Update: Financial

Financial stocks were leaning lower premarket Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.1% higher.Robinhood Markets (HOOD) shares were down more than 5% after the company priced a private $2 billion offering of non-interest-bearing senior convertible notes due Oct. 1, 2029.

$HOOD

Sectors1h ago

Sector Update: Consumer

Consumer stocks were mixed premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 1.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.1%.Edgewell Personal Care (EPC) has rejected an unsolicited $30-per-share takeover bid from private equity firm Yellow Wood Partners, with the board deeming the offer too low, Bloomberg reported, citing people familiar with the matter. Shares of Edgewell Personal Care were up nearly 10% pre-bell.

$EPC

Sectors1h ago

Sector Update: Healthcare

Healthcare stocks were mixed pre-bell Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.5% and the iShares Biotechnology ETF (IBB) 0.3% lower.Natera (NTRA) has received a Category 1 recommendation from the National Comprehensive Cancer Network for Signatera-guided adjuvant atezolizumab treatment in patients with muscle-invasive bladder cancer, the company said. Natera shares were down more than1% premarket.

$NTRA

Sectors1h ago

Sector Update: Tech

Technology stocks were declining pre-bell Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) 3.7% lower and the State Street SPDR S&P Semiconductor ETF (XSD) down 5.8%.Accenture (ACN) stock was up nearly 3% after the company said it is raising its fiscal 2026 share repurchase plan by $2 billion to a total of $7.5 billion in buybacks.

$ACN

Sectors2h ago

Trump Says US to Allow Hormuz Strait to Remain Open With No Naval Blockade

US President Donald Trump said Tuesday he has agreed to allow the Strait of Hormuz to remain open with no further naval blockade."However, all ships are remaining in place should it be necessary to reinstitute the blockade, which seems, at this point, highly unlikely," Trump said in a social media post.

Sectors2h ago

Trump Says US to Allow Hormuz Strait to Remain Open Without Naval Blockade

Sectors4h ago

Commerzbank Says Bonds Rise, Trump Signals Progress in Talks With Iran as Oil Steadies

German government bonds continued to rise, while U.S. Treasuries recouped part of their earlier losses in Asian markets and then stabilized, according to a note from Commerzbank.Brent crude remained below US$78 per barrel, while major currency pairs traded largely unchanged, said the bank.President Donald Trump said discussions with Iran are "going well" and that frozen Iranian funds would be used to purchase U.S. agricultural products, according to Commerzbank. Trump reiterated that the U.S. would take whatever steps it deems necessary if Iran doesn't cooperate.Iranian officials stated that administration of the Strait of Hormuz remains under the country's control, that nuclear issues weren't part of the negotiations and that technical discussions on implementing the memorandum of understanding have concluded, according to Commerzbank.Earlier, the U.S. granted a 60-day waiver allowing Iran to continue exporting oil.In Asia, Japan's Finance Minister Satsuki Katayama said she agreed with U.S. Treasury Secretary Scott Bessent that they could take action in currency markets should excessive fluctuations in the yen threaten market stability, the bank said. Separately, an adviser to China's central bank emphasized the need for more aggressive policies to drive consumer spending and support the economy.

$CXY$JPY

Sectors18h ago

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.5%.The Philadelphia Housing Index shed 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 1.3%.Bitcoin (BTC-USD) was adding 0.3% to $64,280, and the yield for 10-year US Treasuries rose 5.8 basis points to 4.509%.In corporate news, Carlyle (CG) is working with its portfolio managers to proactively evaluate and then possible de-risk assets from weather-related damages, Bloomberg reported. Carlyle shares were down 0.3%.Morgan Stanley (MS) has identified two sites within the city of Dallas for a phased approach to establishing a large-scale operational hub, according to a city document. Morgan Stanley shares rose 1.8%.Lloyds (LYG) is preparing for a potential bid to buy Aldermore, which has been put up for sale by its parent company FirstRand Group, Sky News reported. Lloyds shares climbed up 3.5%.Robinhood (HOOD) shares fell 2.2% after the company said it plans to offer $2 billion worth of convertible senior notes due 2029 in a private placement.

$CG$HOOD$LYG$MS

Sectors18h ago

Sector Update: Tech Stocks Advance Late Afternoon

Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.6%.The Philadelphia Semiconductor index rose 1.3%.In corporate news, Micron Technology (MU) shares gained 5% after it said Monday it is collaborating with Anthropic for memory and storage AI architecture design, product supply, and enterprise adoption of Claude, alongside an investment in Anthropic's series H funding round.Dell (DELL) shares climbed 1.6% after it introduced the PowerEdge XE8812, a new server designed to handle large AI-computing workloads and built with Nvidia's (NVDA) Vera Rubin platform.Alphabet's (GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Alphabet shares were down 5.2%.STMicroelectronics (STM) shares rose 1.6% after the company said it released a new 3-dimensional light detection and ranging module designed for AI applications on small computing devices.

$DELL$GOOGL$MU$STM

Sectors18h ago

Sector Update: Healthcare Stocks Rise Late Afternoon

Healthcare stocks were higher late Monday afternoon, with the NYSE Healthcare Index rising 0.9% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.8%.The iShares Biotechnology ETF (IBB) climbed 1.7%.In corporate news, AbbVie (ABBV) has agreed to acquire Apogee Therapeutics (APGE) in an all-cash deal worth about $10.9 billion, as the drugmaker looks to boost its immunology portfolio and accelerate its clinical presence in the respiratory segment. AbbVie shares jumped past 6%, and Apogee surged 46%.Regenxbio (RGNX) shares jumped 18% after it said the US Food and Drug Administration has agreed on the next steps for a potential accelerated approval of Navsunli, its experimental gene therapy for Mucopolysaccharidosis II, following discussions related to its appeal of a complete response letter issued in February.Jaguar Health (JAGX) shares climbed 16% after the firm said Monday its board has started a process to explore strategic alternatives to maximize shareholder value.Vivos Therapeutics (VVOS) shares fell 14% after it said Monday it has extended its strategic financing agreement with Streeterville Capital through Aug. 31, giving it additional time to complete planned capital-raising efforts.

$ABBV$APGE$JAGX$RGNX$VVOS

Sectors18h ago

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.6%.In corporate news, Carnival (CCL) is under investigation following an April data breach that compromised personal information of about 6 million people, Texas Attorney General Ken Paxton said in a statement Monday. Carnival shares fell 2.8%.Uber (UBER) was sued Monday by shareholders who accused the ride-sharing company's board of ignoring warnings about compliance failures that allegedly contributed to thousands of sexual assault and harassment lawsuits, Reuters reported. Separately, Uber is expected to invest a "meaningful" amount and be named as an anchor investor for Lime's IPO, The Information reported. Uber shares were down 0.3%.Lucid (LCID) shares fell 3.9% after the company said Monday it plans to cut 18% of its workforce as part of a plan to streamline its structure and boost profitability.Walt Disney's (DIS) ABC broadcast network launched an on-air commercial campaign urging viewers to submit comments to the Federal Communications Commission as the agency reviews ABC's petition regarding "The View," its daily talk show. Disney shares shed 1.7%.

$CCL$DIS$LCID$UBER

Sectors18h ago

Sector Update: Energy

Energy stocks were rising late Monday afternoon, with the NYSE Energy Sector Index adding 1% and the State Street Energy Select Sector SPDR ETF (XLE) advancing 1.1%.The Philadelphia Oil Service Sector Index was up 0.2%, and the Dow Jones US Utilities Index rose 0.5%.Front-month West Texas Intermediate crude oil fell 2.3% to $74.09 a barrel, and the global benchmark Brent crude contract dropped 3% to $78.12 a barrel. Henry Hub natural gas futures advanced 0.6% to $3.25 per 1 million BTU.In corporate news, Petrobras (PBR) shares rose 1.3%. The company said Friday its board approved a final investment decision for a biorefining project with an investment of about $1.2 billion at its Presidente Bernardes refinery in Sao Paulo state.

$PBR

Sectors18h ago

Sector Update: Financial

$CG

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