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Sector Update: Healthcare

Healthcare stocks advanced Monday afternoon, with the NYSE Healthcare Index rising 1.6% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 1.4%.The iShares Biotechnology ETF (IBB) increased 0.8%.In corporate news, Definium Therapeutics (DFTX) shares gained 4.4% after it said Monday its second phase 3 trial of DT120 orally disintegrating tablet in people with generalized anxiety disorder met its primary and key secondary endpoints.

$DFTX

Sectors8d ago

Sector Update: Financial

Financial stocks were mixed in Monday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.The Philadelphia Housing Index rose 0.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.5%.Bitcoin (BTC-USD) was rising 1.9% to $78,782, and the yield for 10-year US Treasuries was decreasing 2.4 basis points to 4.95%.In corporate news, Baldwin Insurance (BWIN) has agreed to be acquired and taken private by a consortium that includes the family investment firm of Dell Technologies (DELL) Chief Executive Michael Dell, in a deal worth $7.7 billion. Baldwin shares jumped 7.7%.

$BWIN

Sectors8d ago

Sector Update: Tech

Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 4.7%.The Philadelphia Semiconductor index lost 4.9%.In corporate news, Amazon-backed (AMZN) Anthropic CEO Dario Amodei called for the AI industry to slow the pace of model capability development, saying that accelerating advances and recent alignment incidents could outpace efforts to ensure AI safety. Amazon shares were down 0.8%.

$AMZN

Sectors8d ago

Trump Says Russia and Ukraine Agree Not to Hit Each Other's Energy Targets

President Donald Trump said Monday on Truth Social that Russia and Ukraine each agreed not to hit the other's energy targets."The World's Diesel price rise is mostly caused by the Russia/Ukraine War, not Iran," Trump said.

Sectors8d ago

Trump Says Russia and Ukraine Agree Not to Hit Each Other's Energy Targets

Sectors8d ago

Sector Update: Energy Stocks Advance Premarket Monday

Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) up 1.6%.The United States Oil Fund (USO) was up 3% and the United States Natural Gas Fund (UNG) was 1.8% higher.Front-month US West Texas Intermediate crude oil was 4.5% higher at $104.50 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 4.5% to $109.32 per barrel, and natural gas futures were up 1.4% at $2.87 per 1 million British Thermal Units.Venture Global (VG) and China Gas have executed a new agreement for the purchase of 0.5 million tonnes per annum of US liquefied natural gas for 20 years, beginning in 2030, the companies said. Shares of Venture Global were up 2% premarket.Exxon Mobil (XOM) executive Peter Clarke said the company has raised its liquefied natural gas sales forecast even as the Middle East war prompts some countries to reconsider their reliance on the fuel, Bloomberg reported, citing an interview. Exxon Mobil stock was more than 1% higher pre-bell.Chevron (CVX) is considering expanding its global gas portfolio to the Mediterranean and Argentina to meet growing demand amid the crisis in the Middle East, Reuters reported, citing the president of Global Gas, Freeman Shaheen. Shares of Chevron were up over 1% premarket.

$CVX$UNG$USO$VG$XLE$XOM

Sectors8d ago

Sector Update: Financial Stocks Edge Higher Pre-Bell Monday

Financial stocks were edging higher pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) slightly advancing.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.1% higher.Baldwin Insurance Group (BWIN) shares were up more than 7% after saying Monday it has entered into a definitive agreement under which an entity to be formed by Sequence Holdings and DFO Management, the Dell family office, will acquire a majority interest in the company in an all-cash transaction with an implied enterprise value of about $7.7 billion.Aon (AON) has commenced a US investment-grade debt sale in seven tranches to help fund its planned $17 billion acquisition of USI Insurance Services from KKR (KKR), Bloomberg reported, citing a person familiar with the matter and a note from S&P Global Ratings. Aon shares were up more than 1% premarket.Burford Capital (BUR) stock was down more than 1% after the company said its indirect unit, Burford Capital Global Finance, plans to privately offer $300 million of senior secured notes due 2029.

$AON$BUR$BWIN$FAS$FAZ$KKR$XLF

Sectors8d ago

Sector Update: Healthcare Stocks Rise Premarket Monday

Healthcare stocks were rising premarket Monday, with the State Street Health Care Select Sector SPDR ETF (XLV) advancing by 1.2% and the iShares Biotechnology ETF (IBB) 0.3% higher.GSK (GSK) licensor Hansoh Pharmaceutical reported that a phase 3 trial evaluating risvutatug rezetecan, or Ris-Rez, against commonly used topotecan in patients with relapsed small-cell lung cancer met its primary endpoint. GSK stock was up more than 4% pre-bell.Astrazeneca (AZN) shares were up more than 2% after the company said a late-stage study of its drug Enhertu showed a six-month improvement in median progression-free survival as a first-line treatment for advanced HER2-mutant non-small cell lung cancer.Johnson & Johnson (JNJ) stock was up more than 1% after the company said a phase 3 trial of its lung cancer drug Rybrevant combined with chemotherapy resulted in a median overall survival of 34.3 months. Separately, The Wall Street Journal reported that Apollo Global Management (APO) is in talks to acquire Johnson & Johnson's hips-and-knees business for about $20 billion.

$APO$AZN$GSK$IBB$JNJ$XLV

Sectors8d ago

Sector Update: Consumer Stocks Mixed Pre-Bell Monday

Consumer stocks were mixed pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.6% lower.Waldencast (WALD) shares were down more than 14% after the company said it plans to voluntarily delist its class A ordinary shares and warrants from Nasdaq.Kimberly-Clark (KMB) is preparing potential asset sales to address European Union antitrust concerns over its proposed acquisition of Kenvue (KVUE), Reuters reported, citing people familiar with the matter. Kimberly-Clark shares were up more than 1% premarket.BJ's Wholesale Club Holdings (BJ) said it committed to an investment-grade financial policy targeting net debt to LTM adjusted EBITDA, excluding leases, below 1.0x. BJ's Wholesale Club stock was 0.5% higher pre-bell.

$BJ$KMB$WALD$XLP$XLY

Sectors8d ago

Sector Update: Tech Stocks Fall Premarket Monday

Technology stocks were falling premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 2.6% and the iShares Semiconductor ETF (SOXX) declining by 5.6%.SK Hynix (SKHY) and Samsung Electronics rejected a 25 trillion won ($18.58 billion) advance payment proposal from the state-run Korea Electric Power, or KEPCO, to support power supplies for planned semiconductor mega clusters, multiple news outlets reported, citing a document submitted to a lawmaker. SK Hynix stock was down 7.8% pre-bell.Nvidia (NVDA) is negotiating to become an anchor investor in Anthropic's potential initial public offering, Reuters reported, citing two people familiar with the matter. Shares of Nvidia were down nearly 3% premarket.Oracle (ORCL) shares were down 4.7% after the company said Larry Ellison, its executive chair and chief technology officer, has canceled his plan to sell Oracle shares.

$NVDA$ORCL$SKHY$SOXX$XLK

Sectors8d ago

Sector Update: Energy

Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) rising 1.6%.The United States Oil Fund (USO) was up 3.2% and the United States Natural Gas Fund (UNG) was 1.5% higher.Front-month US West Texas Intermediate crude oil was 4.5% higher at $104.59 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 4.5% to $109.30 per barrel, and natural gas futures were up 1.5% at $2.87 per 1 million British Thermal Units.Venture Global (VG) and China Gas have executed a new agreement for the purchase of 500,000 tonnes per annum of US liquefied natural gas for 20 years, beginning in 2030, the companies said. Shares of Venture Global were up more than 2% premarket.

$VG

Sectors8d ago

Sector Update: Financial

Financial stocks were edging higher pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was marginally lower.Baldwin Insurance Group (BWIN) shares were up more than 7% after saying Monday it has entered into a definitive agreement under which an entity to be formed by Sequence Holdings and DFO Management, the Dell family office, will acquire a majority interest in the company in an all-cash transaction with an implied enterprise value of about $7.7 billion.

$BWIN

Sectors8d ago

Sector Update: Tech

Technology stocks were falling premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 2.5% and the iShares Semiconductor ETF (SOXX) 5.6% lower.SK hynix (SKHY) and Samsung Electronics rejected a 25 trillion won ($18.58 billion) advance payment proposal from the state-run Korea Electric Power to support power supplies for planned semiconductor mega clusters, multiple news outlets reported, citing a document submitted to a lawmaker. SK hynix stock was down more than 7% pre-bell.

$SKHY

Sectors8d ago

Sector Update: Healthcare

Healthcare stocks were rising premarket Monday, with the State Street Health Care Select Sector SPDR ETF (XLV) advancing by 1.1% and the iShares Biotechnology ETF (IBB) 0.3% higher.GSK (GSK) licensor Hansoh Pharmaceutical reported that a phase 3 trial evaluating risvutatug rezetecan, or Ris-Rez, against commonly used topotecan in patients with relapsed small-cell lung cancer met its primary endpoint. GSK stock was up more than 4% pre-bell.

$GSK

Sectors8d ago

Sector Update: Consumer

$WALD

Sectors8d ago

Commerzbank Says Oil Prices Open Higher, Treasuries Rangebound, US Dollar Stronger, US Equity Futures Weaker

Brent opened up around $108 a barrel on the shutdown of a Saudi pipeline, according to Commerzbank Research in a note. Treasuries stay range-bound.Saudi Arabia suspended operations on its east-west oil pipeline after a drone attack originating from Iraq, said Commerzbank. The Iran-backed Houthis also claimed responsibility for an assault on a Saudi military base.Gulf states delayed planned talks with Iran over the Strait of Hormuz, added the bank.US equity futures are weaker, led by technology, on the increasing focus on whether frontier Artificial Intelligence is advancing so rapidly that safety measures, oversight and understanding of these systems are struggling to keep pace.The dollar strengthened, with EUR/USD slipping below $1.1570, according to the bank.European Central Bank President Christine Lagarde warned that the current price shock could prove more persistent than expected. She said higher long-term rates reflect concerns over public finances and funding needs, notably for AI investment, but stressed that the backdrop differs significantly from 2008 and 2022.Elsewhere in Europe, the German government dismissed reports that it was considering a minority government or seeking to remove Prime Minister Friedrich Merz, said Commerzbank.French Prime Minister Sebastien Lescure said the government aims to deliver 30 billion euros in savings in 2027, describing the budget as "difficult and ambitious." Far-right leader Marine Le Pen indicated that a compromise over the 2027 budget remained possible. The French central bank denied reports that any of its debt holdings had been sold in the market, calling social media claims false.In Asia, China warned it could call off a planned summit between President Xi Jinping and President Donald Trump if the US approves new arms sales to Taiwan.

$CXY$USD$EUR/USD

Sectors8d ago

Lexington Gold Seeks JORC Exploration Target Status for Kroonstad Project in South Africa

Lexington Gold (LEX.L) aims to advance a certain part of the existing estimate at its Kroonstad project in South Africa to JORC (2012) Exploration Target status in the fourth quarter.The mining company plans to upgrade the project's independent non-code-compliant grade-tonnage estimate to 62.41 million ounces of gold from 6.06 million ounces, at grades of 4.96 grams per tonne to 11.54 g/t, according to a Monday filing.Lexington added that data capture, verification, quality assurance and control, and geological correlation work are underway in preparation for the 3D geological and structural modeling.

$LEX.L

Sectors8d ago

ECR Minerals Expects First Ore Processing at Madden Gold Mine by End-September

ECR Minerals (ECR.L) said Monday it expects to begin ore processing from existing surface stockpiles at the Maddens underground gold mine in North Queensland, Australia, by the end of the month.The UK-listed gold exploration and development company, which holds a 50% stake in the Maddens Flat Group of Mines, added that development drilling and blasting on the mine's main decline and refurbishment of the existing processing plant are underway.Gold production from the newly accessed underground ore is targeted for the fourth quarter.

$ECR.L

Sectors11d ago

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks climbed late Friday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 3%.The Philadelphia Semiconductor index gained 1.7%.In corporate news, Dell (DELL) shares jumped 12% after RBC Capital Markets initiated its coverage of the stock with an outperform rating and a $640 price target. Dell is well positioned to benefit from the multiyear AI infrastructure spending cycle, RBC said.Microsoft (MSFT) plans to more than triple its global data center capacity to over 38 gigawatts by 2032, Bloomberg reported. Microsoft shares added 0.8%.Oracle's (ORCL) fiscal Q1 results showed surging cloud growth, though margin pressure and a "modest" earnings guidance increase loomed over infrastructure buildout and profitability, Morgan Stanley said. Oracle shares fell 2%.Broadcom's (AVGO) licensing revamp for VMware software after its $61 billion takeover is attracting scrutiny from EU antitrust regulators, Bloomberg reported. Broadcom shares rose 0.3%.

$AVGO$DELL$MSFT$ORCL

Sectors11d ago

Sector Update: Healthcare Stocks Decline Late Afternoon

Healthcare stocks were lower late Friday afternoon, with the NYSE Healthcare Index down 0.3% and the State Street Health Care Select Sector SPDR ETF (XLV) easing 0.1%.The iShares Biotechnology ETF (IBB) rose 0.5%.In corporate news, Novo Nordisk (NVO) shares fell 2% after Morgan Stanley downgraded the stock to underweight from equal weight.Eli Lilly (LLY) said Friday that it has completed its acquisition of AtaiBeckley (ATAI), a clinical-stage biopharmaceutical company developing rapid-acting neuroplastogens for mental health conditions. Lilly shares were down 0.6%.Cosmos Health (COSM) said Friday its unit Cana Laboratories entered a new five-year contract manufacturing deal with Viofar to secure 2.5 million additional units of the Rosartia cardiovascular medicine. Cosmos shares rose 1.2%.Exelixis (EXEL) shares fell 1.5% after it said the US Food and Drug Administration extended the review period for its new drug application for its metastatic colorectal cancer candidate zanzalintinib, in combination with atezolizumab, by three months.

$COSM$EXEL$LLY$NVO

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Sectors8d ago

Commerzbank Says Oil Prices Open Higher, Treasuries Rangebound, US Dollar Stronger, US Equity Futures Weaker

$CXY$USD$EUR/USD