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Gold Rises as Weak US Data Weighs on Dollar, Treasury Yields

Gold rose for a second straight session early Monday, edging higher as the dollar and Treasury yields eased after another report pointed to a slowing US economy.Gold for November delivery was last up $15.70, or 0.4%, at $4,145.40 per ounce.The US Census Bureau reported that durable goods orders rose 0.3% in June, following a 4.0% decline in May, but well below consensus expectations for a 2.1% increase, according to MarketWatch.The weaker-than-expected data added to signs of a slowing US economy and could bolster the case for the Federal Reserve to keep interest rates steady despite higher energy prices following the US-Iran war, which have increased inflationary pressures. Although gold prices are down 21% since the Feb. 28 start of the war, demand for the precious metal remains solid."Gold climbed about 0.9% to near 4,090 dollars an ounce, on track for its first monthly gain since the Middle East conflict began, with central-bank reserve buying and sovereign-debt concerns cited as structural supports," Saxo Bank wrote.The dollar was lower early, with the ICE dollar index last seen down 0.08 points to 101.38. Treasury yields also dropped. with the two-year note paying 4.327%, down 2.5 basis points, while the yield on the 10-year note was down 3.7 points to 4.651%.

$GLD$GLX6

Sectors12d ago

Sector Update: Energy Stocks Decline Pre-Bell Monday

Energy stocks were declining pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) falling 2.5%.The United States Oil Fund (USO) was down 6% and the United States Natural Gas Fund (UNG) was 3.3% lower.Front-month US West Texas Intermediate crude oil was 5.7% lower at $84.25 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 6.1% to $90.90 per barrel, and natural gas futures were down 3% at $2.79 per 1 million British Thermal Units.TotalEnergies (TTE) has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case, the company said. Shares of TotalEnergies were down more than 3% premarket.Baker Hughes (BKR) shares were up more than 3% after the company posted Q2 adjusted earnings and revenue that topped analysts' expectations.Expand Energy (EXE) stock was down more than 1% after the company said it has agreed to acquire Twin Eagle, a private asset-backed natural gas marketing and optimization business, for $1.25 billion in cash from Five Point Infrastructure.

$BKR$EXE$TTE$UNG$USO$XLE

Sectors12d ago

Sector Update: Financial Stocks Advance Premarket Monday

Financial stocks were advancing premarket Monday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.8% higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.2% lower.Northern Trust (NTRS) has been selected to provide fund administration and related services to alternative asset manager Dawson Partners, the company said. Shares of Northern Trust were up more than 2% pre-bell.Bank of Hawaii (BOH) stock was up 3% after the company posted higher Q2 earnings and revenue.HSBC Holdings (HSBC) plans to launch an artificial intelligence facility in Singapore in H2 to develop AI capabilities that can be used across its global operations, the company said. Shares of HSBC Holdings were 0.6% higher pre-bell.

$BOH$FAS$FAZ$HSBC$NTRS$XLF

Sectors12d ago

Sector Update: Healthcare Stocks Edge Higher Premarket Monday

Healthcare stocks were edging higher premarket Monday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.4% and the iShares Biotechnology ETF (IBB) advancing by 0.5%.AstraZeneca (AZN) stock was up 0.8% after the company posted higher Q2 core earnings and revenue, and raised its interim dividend.Ensign Group (ENSG) shares were up nearly 11% after the company reported higher Q2 adjusted earnings and revenue, and raised its 2026 outlook.Argenx (ARGX) has agreed to buy Forte Biosciences (FBRX) for $77 per share in cash. Shares of Forte Biosciences were up more than 39% pre-bell.

$ARGX$AZN$ENSG$FBRX$IBB$XLV

Sectors12d ago

Sector Update: Consumer Stocks Advance Premarket Monday

Consumer stocks were advancing premarket Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.3% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 1.3%.Brown-Forman (BF.A, BF.B) has received an unsolicited takeover offer from Sazerac, the company said, noting that the proposal was "not actionable." Brown-Forman Class A shares were up 0.9% pre-bell, while its Class B shares rose 1.3%.Coca-Cola (KO) shares were 0.9% higher after the company said its fairlife dairy business has resumed the majority of production at its four US facilities following a ransomware incident that temporarily disrupted operations.

$BF.A$BF.B$KO$XLP$XLY

Sectors12d ago

Sector Update: Tech Stocks Rise Pre-Bell Monday

Technology stocks were rising pre-bell Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.2% higher.Broadcom (AVGO) and Samsung Electronics signed a memorandum of understanding to expand their strategic collaboration across memory and foundry technologies to support next-generation artificial intelligence infrastructure. Shares of Broadcom were up nearly 2% premarket.Palantir Technologies (PLTR) patient discharge tracking software has failed to yield noticeable performance improvements for the UK's National Health Service, The Financial Times reported, citing an analysis by the Health Foundation. Palantir Technologies stock was up more than 2% pre-bell.Synopsys (SNPS) shares were up more than 1% after the company introduced new agentic AI capabilities for chip and electronic system design developed in collaboration with Nvidia (NVDA), to automate complex engineering workflows and improve productivity.

$AVGO$NVDA$PLTR$SNPS$XLK$XSD

Sectors12d ago

Sector Update: Energy

Energy stocks were declining pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) falling 2.6%.The United States Oil Fund (USO) was down 6.3% and the United States Natural Gas Fund (UNG) was 3.1% lower.Front-month US West Texas Intermediate crude oil was 5.9% lower at $84.04 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 6.4% to $90.55 per barrel, and natural gas futures were down 3.4% at $2.77 per 1 million British Thermal Units.TotalEnergies (TTE) has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case, the company said. Shares of TotalEnergies were down more than 3% premarket.

$TTE

Sectors12d ago

Sector Update: Financial

$NTRS

Sectors12d ago

Sector Update: Healthcare

Healthcare stocks were edging higher premarket Monday, with the State Street Health Care Select Sector SPDR ETF (XLV) and iShares Biotechnology ETF (IBB) advancing by 0.5%.AstraZeneca (AZN) stock was up more than 1% after the company posted higher Q2 core earnings and revenue, and raised its interim dividend.

$AZN

Sectors12d ago

Oil Trading Sharply Lower as Middle East Fighting Calms, Reviving Peace Hopes

Oil traded sharply lower early on Monday as the US and Iran paused fighting over the weekend, reviving hopes the pair will reach a peace deal.West Texas Intermediate crude oil for September delivery was last seen down $5.24. or 5.9%, to $84.07 per barrel, while September Brent oil, was down $6.25, or 6.5%, to $90.53.The drop comes as the US and Iran paused fighting over the weekend, with US officials on the weekend saying talks are continuing, raising hopes the two countries will be able to reach a deal to end the war that is about to enter its sixth month."Brent crude fell as much as 7.4% at Monday's open, briefly dipping below 90 dollars a barrel, and was trading near 88 into the European morning; WTI fell about 5% to around 85. The move reverses part of last week's surge that briefly took Brent above 100 dollars, a level last seen in late May," Saxo Bank noted.

$CLU6$LCOU6$USO

Sectors12d ago

Sector Update: Consumer

$BF.A$BF.B

Sectors12d ago

Sector Update: Tech

$AVGO

Sectors12d ago

Commerzbank Says Brent Falls 7% as Mideast Tensions Ease, Dollar Weakens

Brent crude prices fell by about 7%, reaching around $92 per barrel, as tensions in the Middle East eased amid a halt in US-Iran military strikes, according to Commerzbank. Treasuries rally.The US paused military attacks against Iran for a second consecutive night, while Tehran also refrained from retaliatory action, said Commerzbank. Meanwhile, Oman and Iran continued discussions on a transit arrangement for the Strait of Hormuz, with diplomats describing the negotiations as "moving in the right direction."Iranian officials likewise characterized the talks as "constructive."Asian equity markets mostly advanced, though gains lagged in Japan's Nikkei and South Korea's Kospi, said Commerzbank. US equity futures edged higher, the US dollar weakened broadly and the euro strengthened to trade above $1.14.President Donald Trump urged the Senate to pass the Budget Resolution before the August recess, added the bank. Trump also warned that the US could impose substantial tariffs on Canada in response to cross-border wildfire smoke.European Central Bank Chief Economist Philip Lane said the eurozone is facing a moderate economic shock and stressed that the ECB's policy response will be "not over-reactive, not under-reactive."

$CXY$EUR$USD

Sectors12d ago

Zephyr Energy Enters Nonbinding Deal for $15 Million Funding

Zephyr Energy (ZPHR.L) signed a nonbinding letter of intent with fuel distribution and management services company Atlas Oil Co. for a prepaid commodity purchase agreement proposal that will provide the company with up to $15 million in funding.The oil and gas company said Monday that the nondilutive pre-production financing, which will be split into tranches, will be used for the infrastructure buildout, well workovers, and the potential expansion of gas facilities at its Paradox project in Utah, US.As part of the deal, Atlas Oil will have the exclusive right to sell, market, and buy hydrocarbons that are produced from the Paradox project. The agreement is still subject to a binding agreement and due diligence, which are expected to be finalized in the third or fourth quarter.

$ZPHR.L

Sectors14d ago

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Friday afternoon, with the NYSE Energy Sector Index 0.1% lower and the State Street Energy Select Sector SPDR ETF (XLE) up 0.3%.The Philadelphia Oil Service Sector Index climbed up 2.9%, and the Dow Jones US Utilities Index was up 0.1%.West Texas Intermediate crude oil fell 3% to $89.45 a barrel, and global benchmark Brent dropped 3.9% to $96.80 a barrel. Henry Hub natural gas futures shed 1.3% to $2.88 per 1 million BTU.In corporate news, SLB (SLB) shares jumped past 10% after its Q2 adjusted earnings and revenue topped market estimates.NextEra Energy (NEE) reported mixed Q2 results with adjusted earnings topping estimates and operating revenue trailing Wall Street forecasts. Shares were 0.2% lower.BP (BP) is in advanced talks to sell its solar power arm Lightsource to a consortium comprising Qualitas Energy, a private equity firm focused on green energy, and Wren House, the infrastructure arm of the Kuwait Investment Authority, Reuters reported. BP shares were down 0.4%.American Resources (AREC) said Friday it will pay a special dividend of 4.31 cents per share, payable on Aug. 25 to shareholders of record Aug. 15. Shares were down 2%.

$AREC$BP$NEE$SLB

Sectors14d ago

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks rose in late Friday afternoon trading, with the NYSE Financial Index adding 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.7%.The Philadelphia Housing Index gained 1.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 2.3%.Bitcoin (BTC-USD) was declining 1.5% to $64,087, and the yield for 10-year US Treasuries shed 2.4 basis points to 4.679%.In economic news, the July flash reading of manufacturing conditions from S&P Global slipped to 53.8 from 53.9 in June, compared with the 54.4 print expected in a survey compiled by Bloomberg.New-home sales rose to a 628,000 annual rate in June from an upwardly revised 618,000 rate in May, compared with the 607,000 rate expected in a survey compiled by Bloomberg. Home sales were still down 5.6% from a year ago.In corporate news, Digital Realty Trust (DLR) reported Q2 core funds from operations and operating revenue above market expectations late Thursday, and the company also raised its 2026 core FFO and revenue guidance. Shares surged past 11%.BlackRock (BLK) started marketing $12.3 billion in high-grade bonds to finance a Meta Platforms (META) data center project, Bloomberg reported. BlackRock shares rose 1.7%.American Express' (AXP) Q2 earnings topped Wall Street's estimates, but revenue missed expectations, while the company now expects full-year revenue to grow at the high end of its previous guidance range. Its shares fell 4.6%.Tompkins Financial (TMP) shares jumped past 8% after it reported better-than-expected Q2 results.Safety Insurance (SAFT) shares soared 42%. The company said late Thursday it entered an agreement to be acquired by an affiliate of Mapfre in a $1.54 billion all-cash deal.

$AXP$BLK$DLR$SAFT$TMP

Sectors14d ago

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks advanced late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.4%.In corporate news, MarineMax (HZO) shares jumped past 8% after Reuters reported that Blackstone (BX) is among the final bidders to buy the company. Donerail and Centerbridge are also finalists, the report said.Rivian Automotive (RIVN) filed a lawsuit in the US Court of International Trade seeking refunds of tariffs it paid under the International Emergency Economic Powers Act after the US Supreme Court ruled the levies were unlawful, according to a Thursday court filing. Rivian shares were down 3.9%.Lamb Weston (LW) provided upbeat full-year earnings guidance after delivering a fiscal Q4 beat, while the company said disruption from the Middle East conflict weighed on its business in Europe, the Middle East and Africa. Its shares were down 0.5%.Verizon Communications (VZ) raised its full-year earnings outlook on Friday amid phone subscriber gains in Q2, while Charter Communications (CHTR) reported a decline in broadband customers due to competitive pressures. Verizon shares gained 5.2%, and Charter fell 2.9%.Starbucks (SBUX) is expected to report continued sales momentum in fiscal Q3 as its turnaround plans and new sales initiatives supported a recovery in the US business, UBS Securities said in a note. Starbucks shares added 0.6%.

$CHTR$HZO$LW$RIVN$SBUX$VZ

Sectors14d ago

Sector Update: Healthcare Stocks Higher Late Afternoon

Healthcare stocks rose late Friday afternoon, with the NYSE Healthcare Index up 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.7%.The iShares Biotechnology ETF (IBB) decreased 0.3%.In corporate news, Tenet Healthcare (THC) shares surged past 17% after it posted higher Q2 adjusted earnings and revenue, and raised its 2026 guidance.Novo Nordisk (NVO) is seeking a preliminary US court injunction to immediately block advertising by Eli Lilly (LLY) for its obesity and diabetes drugs, escalating the companies' legal dispute over weight-loss drug marketing, Reuters reported Friday. Novo shares rose 1.9%, and Lilly was up 0.6%.Profound Medical (PROF) said new data from a Level 1 evidence trial of its MRI-guided Tulsa procedure demonstrated statistically significant superiority over robotic radical prostatectomy in men with intermediate-risk prostate cancer. Its shares jumped past 8%.Lisata Therapeutics (LSTA) shares fell 16% after the company said it has terminated its planned merger with Kuva Labs.

$LLY$LSTA$NVO$PROF$THC

Sectors14d 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) decreasing 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 5.4%.The Philadelphia Semiconductor index dropped 4.7%.In sector news, President Donald Trump said Friday on Truth Social his administration is opening a Section 301 investigation into the EU over fines it has levied against companies including Apple (AAPL), Meta (META), Amazon.com (AMZN) and Alphabet's (GOOGL) Google. "The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about," Trump said.In corporate news, Qualcomm (QCOM) told customers it is raising prices by a percentage in the double digits, Bloomberg reported, citing a copy of a letter it viewed. Qualcomm shares were down 2.7%.Oracle (ORCL) has secured a 10-year enterprise software contract worth about $7 billion with the US Department of Defense. Oracle shares were shedding 4.2%.Salesforce (CRM) shares gained 4.4% after it said Friday the US Department of Veterans Affairs awarded the company, through its distribution network, a three-year $1.6 billion agentic enterprise license agreement.SK Hynix (SKHY) and Samsung Electronics are set to sign large supply deals with US technology firms during President Lee Jae Myung's visit to San Francisco, several media outlets reported Friday, citing a senior presidential official. SK Hynix shares were down 9.2%.

$CRM$ORCL$QCOM$SKHY

Sectors14d ago

Sector Update: Energy

Energy stocks advanced late Friday afternoon with the NYSE Energy Sector Index increasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%.The Philadelphia Oil Service Sector Index climbed 2.9%, and the Dow Jones US Utilities Index was fractionally lower.West Texas Intermediate crude oil fell 3% to $89.45 a barrel, and global benchmark Brent dropped 3.9% to $96.80 a barrel. Henry Hub natural gas futures shed 1.3% to $2.88 per 1 million BTU.In corporate news, American Resources (AREC) said Friday that its board has declared a special cash dividend of 4.31 cents per share, payable on Aug. 25 to shareholders of record as of Aug. 15. Its shares were down 3.1%.

$AREC

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