Financial News · Live Terminal

Page 105 of 157

Treasury Secretary Bessent Says US Issuing 30-Day Russian Oil Waiver

Sector Update: Energy Stocks Lean Lower Pre-Bell Monday

Energy stocks were leaning lower pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.5%.The United States Oil Fund (USO) was down 1.5% and the United States Natural Gas Fund (UNG) was 9.7% higher.Front-month US West Texas Intermediate crude oil was 1.8% lower at $103.58 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.4% to $107.89 per barrel, and natural gas futures were up 3% at $3.05 per 1 million British Thermal Units.ConocoPhillips (COP) and Glenfarne Group's subsidiary have signed a 30-year agreement to supply North Slope natural gas for phase one of the Alaska LNG project, the companies said. ConocoPhillips shares were down 1% premarket.Phillips 66 (PSX) shares were down nearly 2% after the company said it is proceeding with the development of the Zeus Gas Plant and a third Coastal Bend Fractionator to expand its natural gas operations.Eni (E) said it plans to issue new fixed-rate bonds with five-year and nine-year maturities under its existing euro medium-term note program. Eni stock was 0.6% higher pre-bell.

$COP$E$PSX$UNG$USO$XLE

Sectors83d ago

Sector Update: Financial Stocks Lean Lower Premarket Monday

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

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

Sectors83d ago

Sector Update: Healthcare Stocks Decline Pre-Bell Monday

Healthcare stocks were declining pre-bell Monday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.5% and the iShares Biotechnology ETF (IBB) 0.6% lower.Regeneron Pharmaceuticals (REGN) stock was down more than 11% after the company said two dose levels of fianlimab in combination with cemiplimab, evaluated as a first-line treatment in unresectable locally advanced or metastatic melanoma, failed to meet a primary endpoint in its phase 3 trial.Bio-Rad Laboratories (BIO) has attracted a sizable investment from Elliott Investment Management, which plans to push the life-science tools supplier to improve its lagging stock performance, The Wall Street Journal reported, citing people familiar with the matter. Bio-Rad Laboratories shares were up more than 7% premarket.Boston Scientific (BSX) entered into a $2 billion accelerated share repurchase agreement with JPMorgan Chase (JPM) as part of its previously announced $5 billion share buyback authorization, the company said. Boston Scientific also said it invested $1.5 billion for an approximately 34% stake in privately held MiRus. Shares of Boston Scientific were up about 2% pre-bell.

$BIO$BSX$IBB$JPM$REGN$XLV

Sectors83d ago

Sector Update: Consumer Stocks Mixed Premarket Monday

Consumer stocks were mixed premarket Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.2% lower.Macy's (M) shares were up more than 3% after Berkshire Hathaway (BRK.A) (BRK.B) disclosed a roughly $55 million investment in the company, representing about 3 million shares, or nearly 1.1% of the retailer.Starbucks (SBUX) said it has raised the cap on the maximum amount it will repurchase after investors tendered about $2.6 billion of notes by the early deadline, exceeding its original repurchase capacity. Starbucks stock was 0.2% lower pre-bell.Lululemon Athletica (LULU) sent a letter to shareholders on Monday saying that activist and founder Chip Wilson has "outdated perspectives" and "troubling conflicts of interest," which will derail the company's turnaround plan, CNBC reported, citing materials it reviewed. Lululemon Athletica shares were 0.5% higher premarket.

$BRK.A$BRK.B$LULU$M$SBUX$XLP$XLY

Sectors83d ago

Sector Update: Tech Stocks Advance Premarket Monday

Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.4% higher.LiveRamp (RAMP) agreed to be acquired by Publicis Groupe in an all-cash deal valued at about $2.17 billion, Publicis Groupe said. Shares of LiveRamp Holdings were up more than 27% pre-bell.Baidu (BIDU) stock was up more than 4% after the company posted Q1 non-GAAP earnings and revenue that topped analysts' expectations.IQIYI (IQ) shares were down more than 2% after the company reported that it swung to a Q1 non-GAAP net loss as revenue declined during the period.

$BIDU$IQ$RAMP$XLK$XSD

Sectors83d ago

Sector Update: Energy

Energy stocks were leaning lower pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.5%.The United States Oil Fund (USO) was down 1.6% and the United States Natural Gas Fund (UNG) was 2.6% higher.Front-month US West Texas Intermediate crude oil was 2.1% lower at $103.22 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.7% to $107.40 per barrel, and natural gas futures were up 2.6% at $3.04 per 1 million British Thermal Units.ConocoPhillips (COP) and Glenfarne Group's subsidiary have signed a 30-year agreement to supply North Slope natural gas for phase one of the Alaska LNG project, the companies said. ConocoPhillips shares were down more than 1% premarket.

$COP

Sectors83d ago

Sector Update: Financial

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

$MFG

Sectors83d ago

Sector Update: Health Care

Health care stocks were mixed pre-bell Monday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.7% and the iShares Biotechnology ETF (IBB) 1.9% higher.Regeneron Pharmaceuticals (REGN) stock was down more than 12% after the company said two dose levels of fianlimab in combination with cemiplimab, evaluated as a first-line treatment in unresectable locally advanced or metastatic melanoma, failed to meet a primary endpoint in its phase 3 trial.

$REGN

Sectors83d ago

Sector Update: Tech

Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.8% and the State Street SPDR S&P Semiconductor ETF (XSD) less than 0.1% higher.LiveRamp (RAMP) agreed to be acquired by Publicis Groupe in an all-cash deal valued at about $2.17 billion, Publicis Groupe said. Shares of LiveRamp Holdings were up more than 27% pre-bell.

$RAMP

Sectors83d ago

Sector Update: Consumer

$BRK.A$BRK.B$M

Sectors86d ago

Sector Update: Financial Stocks Lower in Late Afternoon Trading

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

$APO$GS$HSBC$MFG

Sectors86d ago

Sector Update: Consumer Stocks Softer Late Afternoon

Consumer stocks were lower late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.7%.In corporate news, Canada Goose (GOOS) may struggle to generate meaningful upside in the coming quarters as weak revenue growth and macro uncertainty continue to cloud the outlook, UBS said in a note. Canada Goose shares were down 2.8%.Starbucks (SBUX) said it will cut 300 US support jobs as the coffee giant consolidates regional offices to reduce costs and streamline operations. Its shares were up 0.7%.Magnum Ice Cream (MICC) shares jumped past 10% after Reuters reported that Blackstone (BX) and Clayton, Dubilier & Rice are in the early stages of considering bids for the company.Walt Disney's (DIS) co-owned JioStar, an Indian entertainment joint venture with Reliance, is suing rival Zee Entertainment over allegations it broadcast Bollywood films that JioStar has rights to without authorization, Reuters reported. Disney shares were down 2.5%.

$DIS$GOOS$MICC$SBUX

Sectors86d ago

Sector Update: Healthcare Stocks Decline Late Afternoon

Healthcare stocks were lower late Friday afternoon, with the NYSE Healthcare Index falling 1.1% and the State Street Healthcare Select Sector SPDR ETF (XLV) shedding 1%.The iShares Biotechnology ETF (IBB) dropped 2.4%.In corporate news, Thermo Fisher Scientific (TMO) could benefit from improving end-market conditions and recovering biotech funding, though "structural risks" may limit the company's ability to achieve its long-term organic growth aspiration, RBC Capital Markets said in a note. RBC resumed coverage of Thermo Fisher with a sector perform rating and a $490 price target. Thermo Fisher shares were down 2.3%.Aardvark Therapeutics (AARD) shares fell 32% after the firm said the US Food and Drug Administration placed a full clinical hold on its investigational new drug application for ARD-101. Morgan Stanley downgraded the stock to underweight from equalweight, and BTIG downgraded to neutral from buy.DexCom (DXCM) said Friday it has set new long-term financial goals, including organic revenue growth of more than 10% a year through 2030. Its shares climbed past 6%.ARS Pharmaceuticals (SPRY) shares fell 7% after it posted a wider Q1 loss.

$AARD$DXCM$SPRY$TMO

Sectors86d ago

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) down 2%.The Philadelphia Semiconductor index slumped 3.3%.In corporate news, Bill Ackman said Friday on the social media platform X that his Pershing Square hedge fund has sold Alphabet (GOOGL) shares and established a new position in Microsoft (MSFT). Alphabet shares were down 1.1%, and Microsoft climbed 3.7%.Nvidia (NVDA), Advanced Micro Devices (AMD) and Intel (INTC) shares declined in Friday trading, while ASML (ASML) and STMicroelectronics (STM) also fell after a US-China summit ended without major semiconductor agreements, Yahoo Finance reported. The pullback came after talks between President Donald Trump and Chinese President Xi Jinping failed to produce significant developments on semiconductor trade issues, despite investor expectations for progress on advanced chip sales to China, the report said. Nvidia shares fell 3.6%, AMD lost 4.4%, Intel declined 5.9%, ASML dropped 4.7%, and STMicroelectronics slumped 4.3%.Figma (FIG) shares gained 14% after it posted Q1 adjusted net income and revenue that surpassed analysts' estimates.Xerox (XRX) shares jumped past 7% after alternative investment fund Starteepo Invest acquired 6.6 million shares of the company, representing a 5.05% stake.

$AMD$ASML$FIG$GOOGL$INTC$MSFT$NVDA$STM$XRX

Sectors86d ago

Sector Update: Energy

Energy stocks were higher late Friday afternoon, with the NYSE Energy Sector Index rising 1.5% and the State Street Energy Select Sector SPDR ETF (XLE) climbing 2%.The Philadelphia Oil Service Sector Index was decreasing 0.3%, and the Dow Jones US Utilities Index fell 2.2%.Front-month West Texas Intermediate crude oil gained 4.2% to $105.43 a barrel, and the global benchmark Brent crude contract was advancing 3.4% to $109.31 a barrel. Henry Hub natural gas futures rose 2.7% to $2.97 per 1 million BTU.In corporate news, Prairie Operating (PROP) shares fell 16% after it reported a Q1 loss late Thursday of $2.16 per diluted share, narrowing from a loss of $3.49 a year earlier. Four analysts polled by FactSet expected earnings of $0.15.

$PROP

Sectors86d ago

Sector Update: Financial

Financial stocks declined in late Friday afternoon trading, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.The Philadelphia Housing Index shed 2.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.3%.Bitcoin (BTC-USD) was declining 2.5% to $79,082, and the yield for 10-year US Treasuries jumped 13.4 basis points to nearly 4.60%.In corporate news, Apollo Global Management-backed (APO) West Technology is in exclusive talks for the sale of its remaining operating business as talks with debt holders continue, Bloomberg reported. Apollo shares were up 0.1%.

$APO

Sectors86d ago

Sector Update: Consumer

$GOOS

Sectors86d ago

Sector Update: Healthcare

Healthcare stocks declined late Friday afternoon, with the NYSE Healthcare Index falling 1.1% and the State Street Healthcare Select Sector SPDR ETF (XLV) shedding 1%.The iShares Biotechnology ETF (IBB) dropped 2.3%.In corporate news, Thermo Fisher Scientific (TMO) could benefit from improving end-market conditions and recovering biotech funding, though "structural risks" may limit the company's ability to achieve its long-term organic growth aspiration, RBC Capital Markets said in a note. RBC resumed coverage of Thermo Fisher with a sector perform rating and a $490 price target. Thermo Fisher shares were down 2.1%.

$TMO

Sectors86d ago

Sector Update: Tech

$FIG

Showing 2081-2100 of 3134