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Sector Update: Healthcare Stocks Decline in Afternoon Trading

Healthcare stocks were lower Wednesday afternoon, with the NYSE Healthcare Index down 0.3% and the State Street Health Care Select Sector SPDR ETF (XLV) easing 0.2%.The iShares Biotechnology ETF (IBB) decreased 0.6%.In corporate news, UnitedHealth (UNH) sold an interest in some of its Optum Health operations in Florida to TPG (TPG), Bloomberg reported. UnitedHealth shares were down 1.8%.Evommune's (EVMN) phase 2b trial of EVO756 to treat adults with moderate-to-severe atopic dermatitis didn't meet its primary and secondary endpoints in any of the doses studied, the company said. Its shares fell past 16%.Rezolute (RZLT) said Wednesday that the US Food and Drug Administration is still reviewing data from a phase 3 study of ersodetug for the potential treatment of hypoglycemia due to congenital hyperinsulinism. The company said it does not have a specific timeline on when it will receive feedback or guidance from the FDA on potential next steps. Rezolute shares were down past 7%.

$EVMN$RZLT$UNH

Sectors13d ago

Sector Update: Consumer Stocks Fall Wednesday Afternoon

Consumer stocks were lower Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 1.3%.Redbook US same-store sales rose by 8.3% from a year earlier in the week ended Sept. 5 after a 9.6% year-over-year increase in the previous week. Redbook noted positive customer responses to Labor Day promotions. Sales were driven mainly by back-to-school demand and seasonal apparel. There were high sales for food items in discount stores ahead of long holiday weekend.In corporate news, Casey's General Stores (CASY) shares fell past 15% after its fiscal Q1 same-store sales growth slowed and missed Wall Street estimates, even though earnings and revenue topped expectations.Chewy's (CHWY) fiscal Q2 results largely matched Wall Street's expectations even as the online pet store company faced pressure within the consumables and hard goods categories. Its shares were down 8.5%.Signet Jewelers (SIG) lifted its full-year earnings outlook on Wednesday as the diamond jewelry retailer's bottom line exceeded market expectations in fiscal Q2 amid comparable sales strength across all fine jewelry brands. Its shares jumped 19%.

$CASY$CHWY$SIG

Sectors13d ago

Sector Update: Financial

Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index shedding 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.1%.The Philadelphia Housing Index was falling 1.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) declined 1%.Bitcoin (BTC-USD) was increasing 0.2% to $78,815, and the yield for 10-year US Treasuries was rising 3.3 basis points to 4.84%.In corporate news, Barclays (BCS) is leading a group of lenders preparing a 2.4 billion-euro ($2.8 billion) financing package to support Lone Star Funds' acquisition of industrial-products manufacturer ContiTech, Bloomberg reported. Barclays shares were down 1.2%.

$BCS

Sectors13d ago

Sector Update: Energy

Energy stocks were higher Wednesday afternoon, with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.6%.The Philadelphia Oil Service Sector Index was easing 0.1%, and the Dow Jones US Utilities Index fell 1.3%.Front-month West Texas Intermediate crude oil rose 3% to $95.81 a barrel, and the global benchmark Brent crude contract gained 2.8% to $100.66 a barrel. Henry Hub natural gas futures fell 2.7% to $2.84 per 1 million BTU.In corporate news, Baker Hughes (BKR) said it now expects full-year revenue of $28.50 billion to $30.30 billion, compared with prior outlook of $26.65 billion to $28.05 billion. Analysts surveyed by FactSet expect $28.03 billion. Shares added 0.5%.

$BKR

Sectors13d ago

Sector Update: Healthcare

Healthcare stocks declined Wednesday afternoon, with the NYSE Healthcare Index and the State Street Health Care Select Sector SPDR ETF (XLV) each shedding 0.4%.The iShares Biotechnology ETF (IBB) decreased 0.7%.In corporate news, UnitedHealth (UNH) sold an interest in some of its Optum Health operations in Florida to TPG (TPG), Bloomberg reported. UnitedHealth shares were down 1.8%.

$UNH

Sectors13d ago

Sector Update: Tech

Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.3%.The Philadelphia Semiconductor index advanced 0.5%.In corporate news, Analog Devices (ADI) has agreed to buy Alif Semiconductor in a $1.35 billion all-cash deal that will add AI-native microcontrollers and fusion processors to its lineup. Analog Devices shares rose 0.7%.

$ADI

Sectors13d ago

Sector Update: Consumer

Consumer stocks were lower Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 1.3%.In corporate news, Casey's General Stores (CASY) shares fell past 15% after its fiscal Q1 same-store sales growth slowed and missed Wall Street estimates, even though earnings and revenue topped expectations.

$CASY

Sectors13d ago

Sector Update: Energy Stocks Advance Premarket Wednesday

Energy stocks were advancing premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 1% higher.The United States Oil Fund (USO) was up 1.8% and the United States Natural Gas Fund (UNG) was 1.9% lower.Front-month US West Texas Intermediate crude oil was 2.7% higher at $95.52 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.6% to $100.47 per barrel, and natural gas futures were down 2.2% at $2.85 per 1 million British Thermal Units.BP (BP) has attracted interest from several potential buyers for its North Sea operations, Bloomberg News reported, citing people familiar with the matter. BP shares were up more than 1% pre-bell.BKV (BKV) shares were down more than 6% amid plans for a $400 million private offering of convertible senior unsecured notes due Oct. 15, 2031.Shell (SHEL) Lubricants and Faw Trucks have jointly developed a battery pack that has been successfully tested on the Shell Starship 3.0 hybrid concept truck and is ready for future use in Faw's hybrid commercial vehicles, the companies said. Shell shares were 0.7% higher premarket.

$BKV$BP$SHEL$UNG$USO$XLE

Sectors13d ago

Sector Update: Financial Stocks Lean Lower Pre-Bell Wednesday

Financial stocks were leaning lower pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% higher.HSBC (HSBC) is shutting down its transaction services operations in Germany, leading to more than 300 job cuts, Reuters reported, citing a company spokesperson. Shares of HSBC Holdings were down more than 1% premarket.StoneX (SNEX) is relaunching City Index as StoneX Trading, bringing the self-directed trading business under the StoneX brand, the company said. StoneX stock was nearly 1% lower pre-bell.Blackstone (BX) is seeking to sell medical-grade skincare company ZO Skin Health with a valuation of around $2 billion, Reuters reported, citing people familiar with the matter. Blackstone shares were 0.2% lower premarket.

$BX$FAS$FAZ$HSBC$SNEX$XLF

Sectors13d ago

Sector Update: Consumer Stocks Fall Pre-Bell Wednesday

Consumer stocks were falling pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining 0.9%.Signet Jewelers (SIG) shares were up more than 13% after the company posted higher fiscal Q2 adjusted earnings and raised its fiscal 2027 non-GAAP EPS guidance.Booking (BKNG) lost its legal battle against the European Union's antitrust veto of the company's acquisition of Etraveli Group, with the Luxembourg-based General Court saying the deal is "incompatible with the internal market and the EEA agreement." The company's stock was down more than 2% premarket.Chewy (CHWY) shares were down more than 4% even after the company reported higher fiscal Q2 adjusted earnings and net sales.

$BKNG$CHWY$SIG$XLP$XLY

Sectors13d ago

Sector Update: Healthcare Stocks Mixed Premarket Wednesday

Healthcare stocks were mixed premarket Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) 0.4% higher and the iShares Biotechnology ETF (IBB) down 0.3%.InnovAge Holding (INNV) shares were up more than 10% after the company reported that it swung to earnings in fiscal Q4 amid stronger-than-expected sales growth.Seaport Therapeutics (SPTX) stock was nearly 4% higher after the company said its phase 1 driving simulation trial of GlyphAllo met its primary endpoint, with the 375 mg dose showing no next-morning driving impairment versus placebo after multiple-day dosing.Evommune's (EVMN) phase 2b trial of EVO756 to treat adults with moderate-to-severe atopic dermatitis didn't meet its primary and secondary endpoints in any of the doses studied, the company said. Evommune shares were down more than 8% pre-bell.

$EVMN$IBB$INNV$SPTX$XLV

Sectors13d ago

Sector Update: Tech Stocks Decline Premarket Wednesday

Technology stocks were declining premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.6% and the iShares Semiconductor ETF (SOXX) 1% lower.Meta Platforms (META) shares were up more than 4% after the company launched a new personal artificial intelligence agent to help users complete tasks and pursue goals.Alphabet's (GOOG, GOOGL) Google will pour at least 13 billion euros ($15.1 billion) into AI infrastructure in Finland in 2027 through 2028, the company said. Alphabet stock was down more than 1% pre-bell.Lyft (LYFT) appointed Michael Brous as chief financial officer, effective Sept. 28. Additionally, the company reaffirmed its guidance for Q3, expecting quarterly gross bookings between $5.50 billion and $5.67 billion and adjusted EBITDA of $183 million to $203 million. Shares of Lyft were down more than 2% premarket.

$GOOG$GOOGL$LYFT$META$SOXX$XLK

Sectors13d ago

Sector Update: Energy

$BP

Sectors13d ago

Sector Update: Financial

$HSBC

Sectors13d ago

Sector Update: Healthcare

Healthcare stocks were mixed premarket Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) 0.3% higher and the iShares Biotechnology ETF (IBB) down 0.3%.InnovAge Holding (INNV) shares were up more than 10% after the company reported that it swung to earnings in fiscal Q4 amid stronger-than-expected sales growth.

$INNV

Sectors13d ago

Sector Update: Consumer

$SIG

Sectors13d ago

Sector Update: Tech

$META

Sectors14d ago

Commerzbank Says Oil Prices Rise, Treasuries Range-Bound

Brent crude prices climb toward $99 a barrel following military strikes in the Middle East, according to Commerzbank Research in a note. Treasuries trade range-bound in Asia Wednesday trading.The United States carried out airstrikes on targets near Kharg Island, destroying five Iranian oil tankers, as the Islamic Revolutionary Guard Corps strikes a Jordanian airbase, said Commerzbank.Japanese government bonds are seeing stronger support than US Treasuries, added Commerzbank.The US imposes bans on a range of Canadian imports.In Europe, Bank of England Governor Andrew Bailey warns that borrowing costs have risen sharply despite unchanged official rates, with inflation risks still tilted to the upside.Portugal's government survives a no-confidence vote after the Socialists abstain.

$CXY$JPY

Sectors14d ago

OGDCL Reports Initial Gas Production at Sukhpur-II Block in Pakistan

Oil and Gas Development Co. Ltd. (OGDC.L), or OGDCL, said Wednesday that gas production at the Lundali-1 well in the Sukhpur-II block in Sindh Province, Pakistan, started on Sunday.Current production stands at 10 million standard cubic feet of gas per day, with a wellhead pressure of 2,000 pounds per square inch. Output from the site is delivered to Sui Southern Gas Co.The London-listed Pakistani oil and gas company owns a 30% working interest in the Sukhpur-II block, with the remaining interest split among site operator Prime Global Energies at 25%, Mari Energies at 30%, and Turkish Petroleum Overseas Co. at 15%.

$OGDC.L

Sectors14d ago

Sector Update: Financial Stocks Fall Tuesday

Financial stocks declined Tuesday with the NYSE Financial Index dropping 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) falling 1.4%.The Philadelphia Housing Index fell 2.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%.Bitcoin (BTC-USD) eased 0.2% to $78,436, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.806%.In economic news, US consumer credit use rose by $18.1 billion in July, compared with an $11.67 billion increase expected in a survey compiled by Bloomberg and following a $14.5 billion gain in the previous month.Consumer expectations for one-year US inflation remained unchanged at 3.6% in August, according to a survey released by the New York Federal Reserve Bank. The median inflation expectations decreased to 3.2% from 3.3% for the three-year horizon and remained at 3.0% for five-year outlook.In corporate news, WaFd (WAFD) agreed to combine with EverBank Financial in a reverse merger deal worth $3.9 billion. WaFd shares fell 5.6%.Robinhood Markets (HOOD) entered into a multiyear partnership with OG.com, designating the prediction market platform as an infrastructure and clearing provider for its Prediction Markets offering. Robinhood shares fell 3.9%.Markel Group (MKL) said Chairman Steve Markel will step down and not seek reelection at the 2027 annual shareholder meeting. The board named CEO Tom Gayner as chairman in addition to his current role. Markel shares fell 2.3%.Pinnacle Financial Partners (PNFP) is positioned to grow faster than peers following its merger with Synovus Financial (SNV), helped by strong banker hiring, high retention and a broader Southeast reach, Morgan Stanley said. Pinnacle shares eased 0.2%.

$HOOD$MKL$PNFP$WAFD

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