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Sector Update: Tech Stocks Mixed Thursday Afternoon

Tech stocks were mixed Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 3.7%.The Philadelphia Semiconductor index rose 1.6%.In sector news, Anthropic is considering a new funding round that could value the company at more than $900 billion, potentially surpassing OpenAI as the world's most valuable AI startup, Bloomberg reported.In corporate news, Meta Platforms (META) fell past 9% after the company overnight raised its forecast for 2026 capital expenditures, overshadowing its Q1 earnings and revenue beat.Alphabet's (GOOGL) shares jumped 9.5% after the company overnight reported higher Q1 earnings and revenue that topped market expectations.Microsoft (MSFT) reported fiscal Q3 adjusted EPS late Wednesday of $4.27, up from $3.54 a year ago. Analysts surveyed by FactSet expected $4.05. Its shares fell past 5%.

$GOOGL$META$MSFT

Sectors100d ago

Sector Update: Energy

Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index gaining 1% and the State Street Energy Select Sector SPDR ETF (XLE) climbing 0.8%.The Philadelphia Oil Service Sector Index advanced 0.5%, and the Dow Jones US Utilities Index rose 1.3%.West Texas Intermediate crude oil fell 2.4% to $104.37 a barrel, and global benchmark Brent dropped 3.5% to $113.93 a barrel. Henry Hub natural gas futures rose 3.9% to $2.75 per 1 million BTU.In corporate news, Apollo Global Management (APO), Blackstone (BX) and KKR (KKR) are among the final bidders for a major stake in Shell's (SHEL) LNG Canada project in a deal that could top $10 billion and reach as much as $15 billion, Reuters reported. Shell shares rose 1.3%.

$SHEL

Sectors100d ago

Sector Update: Consumer

Consumer stocks were higher Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.4%.In corporate news, Lamb Weston (LW) shares rose 1.6% after shareholder Starboard Value said in a letter to the board Thursday that the company should hold an investor day and reset earnings to a normalized level.

$LW

Sectors100d ago

Sector Update: Financial

Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.2%.The Philadelphia Housing Index was climbing 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1%.Bitcoin (BTC-USD) rose 0.6% to $76,227, and the yield for 10-year US Treasuries was decreasing 2.4 basis points to 4.39%.In corporate news, Mastercard's (MA) Q1 results outpaced Wall Street's estimates, but the company said that the Middle East conflict was impacting spending on cross-border travel. Its shares fell 4.3%.

$MA

Sectors100d ago

Sector Update: Health Care

Health care stocks rose Thursday afternoon, with the NYSE Health Care Index climbing 2.4% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 2.3%.The iShares Biotechnology ETF (IBB) gained 2%.In corporate news, Eli Lilly (LLY) raised its full-year outlook and reported Q1 results above market estimates, as sales of Mounjaro more than doubled year over year. Lilly shares rose past 9%.

$LLY

Sectors100d ago

Sector Update: Tech

Tech stocks were mixed Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 3.5%.The Philadelphia Semiconductor index rose 1.3%.In corporate news, Meta Platforms (META) fell past 9% after the company overnight raised its forecast for 2026 capital expenditures, overshadowing its Q1 earnings and revenue beat.

$META

Sectors100d ago

US Natural Gas Stocks Posts Smaller Than Expected Gain in Week Ended April 24

US natural gas stocks rose by 79 billion cubic feet in the week ended April 24, slower than the 83 billion increase expected in a survey compiled by Bloomberg as of 7:35 am ET and following an increase of 103 billion cubic feet in the previous week.Stocks at 2.142 trillion cubic feet were 5.7% higher than in the comparable week a year ago and 7.7% above their 5-year average.

Sectors100d ago

Natural Gas Steady Ahead of Storage Data as Forecasts See Mild Weather Continuing for Eastern Markets

Natural gas was steady early on Thursday ahead of fresh storage data even as long-term forecasts expect mild weather that will keep demand light.Gas for June delivery was last seen unchanged at US$2.65 per million British thermal units.Long-term forecasts from the National Weather Service expect most states east of the Rocky Mountains to see cooler than seasonal temperatures over its six to 14 day outlook, keeping cooling demand light.The Energy Information Administration will release its weekly look at inventories of the fuel, with Celsius Energy expecting the agency to report an 85-billion cubic feet rise in stocks. The agency last week reported reported inventories ended the prior week at 2.06-trillion cubic feet, 7.1% above the five-year average.

$NGM6$UNG

Sectors100d ago

Sector Update: Energy Stocks Decline Premarket Thursday

Energy stocks were declining premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 1.2% lower.The United States Oil Fund (USO) was down 3.4% and the United States Natural Gas Fund (UNG) was 0.6% lower.Front-month US West Texas Intermediate crude oil was 1.5% lower at $105.33 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 3.3% to $114.13 per barrel, and natural gas futures were up 0.6% at $2.66 per 1 million British Thermal Units.ConocoPhillips (COP) shares were down more than 2% after the company posted lower Q1 adjusted earnings and revenue.TotalEnergies (TTE) and partner Nextnorth have reached financial close and broke ground on a 440 MWp solar power plant in Ilagan, the Philippines, the companies said. TotalEnergies stock was down more than 1% premarket.TechnipFMC (FTI) shares were down more than 3% after the company reported Q1 revenue that missed analysts' expectations.

$COP$FTI$TTE$UNG$USO$XLE

Sectors100d ago

Gold Rises as the Dollar and Yields Fall After a Report Showed U.S. Inflation Continues to Run Hot

Gold rose early Thursday as the dollar dropped after a report showed a key U.S. inflation measure rose last month while first-quarter gross domestic product rose less than expected.Gold for June delivery was last seen up $85.70 to US$4,647.20 per ounce, remaining within the US$200 range it has traded within for the past month.The U.S. Bureau of Economic Analysis reported the March Personal Consumption Expenditures (PCE) Index, the Federal Reserve's preferred inflation measure, rose 0.7% in March from the prior month, up from 0.4% fin February, but matching expectations according to Marketwatch. Core PCE, excluding volatile food and energy, rose 3.2% annualized, up from 3.0% in February and again matching expectations.The bureau also issued its first estimate of first-quarter U.S. GDP growth, reporting the measure rose at a 2.0% pace, up from 0.5% in the prior quarter and under expectations for a 2.2% rise.Gold's gain comes despite expectations higher interest rates are on the way as the war on Iran pushes up inflation. The Federal Reserve's policy committee on Wednesday ended its two-day meeting on Wednesday leaving rates unchanged, but signaled hikes may be on the horizon as inflation climbs."Gold has attracted fresh demand despite rising bond yields and a firmer dollar following Wednesday's FOMC meeting, where rates were left unchanged, but several members signalled a desire to remove the easing bias as the Iran war continues to cloud the economic outlook," Saxo Bank wrote.Still, the dollar was sharply lower early following the economic data, with the ICE dollar index last seen down 0.5 points to 98.46. Treasury yields also fell, with the yield on the U.S. two-year note last seen down 6.5 basis points to 3.9%, while the 10-year note was paying 4.39%, down 4.4 points.

$GCM6$GLD

Sectors100d ago

Sector Update: Financial Stocks Decline Pre-Bell Thursday

Financial stocks were declining pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.6%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.9% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 1.9%.Banco Bilbao Vizcaya Argentaria (BBVA) stock was up more than 2% after the company reported higher Q1 adjusted earnings and gross income.ING Groep (ING) shares were up more than 2% after the company posted higher Q1 earnings and total income.Willis Towers Watson (WTW) stock was down more than 9% even after the company posted higher Q1 adjusted earnings and revenue.

$BBVA$FAS$FAZ$ING$WTW$XLF

Sectors100d ago

Sector Update: Health Care Stocks Rise Premarket Thursday

Health care stocks were rising premarket Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) 1% higher and the iShares Biotechnology ETF (IBB) up 0.6%.Eli Lilly (LLY) shares were up more than 5% after the company reported higher Q1 non-GAAP earnings and revenue, and raised its 2026 outlook.Merck (MRK) stock was down more than 1% after the company said it swung to a Q1 adjusted loss.Alnylam Pharmaceuticals (ALNY) shares were up more than 2% after the company posted higher Q1 adjusted net income and revenue.

$ALNY$IBB$LLY$MRK$XLV

Sectors100d ago

Sector Update: Tech Stocks Advance Premarket Thursday

Technology stocks were advancing premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.7% higher and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.5%.Alphabet (GOOG, GOOGL) shares were up 6.9% after the company reported late Wednesday higher Q1 earnings and revenue that also topped market expectations.Meta Platforms (META) stock was down more than 8% after the company raised its forecast for 2026 capital expenditures, overshadowing its Q1 earnings and revenue beat.Viavi Solutions (VIAV) shares were up about 31% after the company posted higher fiscal Q3 non-GAAP earnings and net revenue, and issued fiscal Q4 outlook above analysts' expectations.

$GOOG$GOOGL$META$VIAV$XLK$XSD

Sectors100d ago

Sector Update: Consumer Stocks Mixed Premarket Thursday

Consumer stocks were mixed premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 1% higher.Unilever (UL) stock was up more than 1% after the company reported a 3.8% underlying sales growth, along with a 3.3% decline in turnover, in Q1.Royal Caribbean Group (RCL) shares were up more than 6% after the company reported higher Q1 adjusted earnings and revenue.Smurfit Westrock (SW) stock was down more than 6% after the company posted a decline in Q1 adjusted earnings.

$RCL$SW$UL$XLP$XLY

Sectors100d ago

Sector Update: Energy

Energy stocks were declining premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 1.2% lower.The United States Oil Fund (USO) was down 2.8% and the United States Natural Gas Fund (UNG) was 0.4% higher.Front-month US West Texas Intermediate crude oil was 1.3% lower at $105.48 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 3.2% to $114.28 per barrel, and natural gas futures were down 0.1% at $2.64 per 1 million British Thermal Units.ConocoPhillips (COP) shares were down more than 2% after the company posted lower Q1 adjusted earnings and revenue.

$COP

Sectors100d ago

Sector Update: Financial

$BBVA

Sectors100d ago

Sector Update: Health Care

Health care stocks were rising premarket Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) 0.9% higher and the iShares Biotechnology ETF (IBB) up 0.5%.Eli Lilly (LLY) shares were up 6% after the company reported higher Q1 non-GAAP earnings and revenue, and raised its 2026 outlook.

$LLY

Sectors100d ago

Sector Update: Consumer

$UL

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Sector Update: Tech

$GOOG$GOOGL

Sectors100d ago

Oil Price Ease, Falling Off Overnight Highs Despite Little Sign of Progress to End the Iran War

Oil prices eased early on Thursday, falling off four-year highs touched overnight during Asian trade on a report the U.S. may end the ceasefire with Iran as the largest-ever supply shock hits hardest for the continent that relies on Persian Gulf supplies now trapped behind the closed Strait of Hormuz.West Texas Intermediate (WTI) crude oil for June delivery was last seen down US$2.44 to US$104.44 per barrel after touching US$110.93 overnight, while June Brent oil was down US$4.01 to US$114.02 after it reached US$126.34 overnight, the highest since 2022.WTI has now climbed 59% since the war began on Feb. 28, when Iran blocked the Strait of Hormuz, a key chokepoint for roughly 20% of global oil supply, following attacks by the United States and Israel. The United States is now blockading Iranian ports and Iran has demanded that they should be lifted before peace talks can resume, which the U.S. is refusing to do, continuing the largest-ever supply shock.The shortage is hitting hardest in Asia, which buys 80% of Persian Gulf exports, with countries bidding up spot prices and increasingly looking to tap China's strategic stockpiles to avoid shortages."There continue to be reports of fuel shortages in rural communities in several (Asian) countries whilst fuel distribution appears to be a bit of hap hazard. We continue to see more and more essentially government to government deals with China allowing some exports to friendly countries and Thailand considering providing more support to neighboring countries," Vikas Dwivedi, Global Energy Strategist at Macquarie Group, wrote.Still, there is little sign of any negotiations to end the war and reopen the blocked Strait. Talks scheduled between the United States and Iran expected to be held last weekend in Pakistan failed to take place after the U.S. refused an Iranian demand to lift a blockade of Iranian ports. The Wall Street Journal reported U.S. President Trump is asking other countries to join a coalition to reopen the Strait in what the American government is calling the "Maritime Freedom Construct" as it looks for its embassies to press allies to join, while Trump warned of an extended blockade of the Strait until Iran agreed to end its nuclear program.

$CLM6$LCOM6$USO

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Sectors100d ago

Oil Price Ease, Falling Off Overnight Highs Despite Little Sign of Progress to End the Iran War

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