Financial News · Live Terminal

Page 178 of 211

Sector Update: Health Care Stocks Softer in Afternoon Trading

Health care stocks declined Monday afternoon, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF (XLV) each decreasing 0.3%.The iShares Biotechnology ETF (IBB) rose 1.3%.In corporate news, Amgen (AMGN) said Monday it will invest an additional $300 million in its biologics manufacturing facility in Puerto Rico. Amgen shares were down 2.1%.Vanda Pharmaceuticals (VNDA) shares jumped past 5% after it said Monday its motion sickness drug Nereus is now commercially available in the US.Eli Lilly (LLY) shares added 0.2% after Barclays lifted the company's price target to $1,400 from $1,350, while keeping its overweight rating.Moderna (MRNA) is showing continued advancement across its pipeline, with progress in cancer vaccines and infectious disease programs supporting a more balanced risk-reward profile, RBC Capital Markets said in a note. RBC maintained its sector perform rating on the stock and raised its price target to $38 from $35. Moderna shares rose 4.6%.

$AMGN$LLY$MRNA$VNDA

Sectors142d ago

Sector Update: Tech Stocks Edge Higher Monday Afternoon

Tech stocks edged up Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) marginally up.The Philadelphia Semiconductor index decreased 0.5%.In sector news, Cerebras Systems plans to kick off the roadshow for its proposed initial public offering as the AI chipmaker targets raising up to a little over $4 billion.In corporate news, Microsoft-backed (MSFT) OpenAI has secured more than $4 billion from investors for a new joint venture valued at $10 billion to expand adoption of its AI products, Bloomberg reported. Microsoft shares rose 0.1%.Cisco Systems (CSCO) shares rose 1% after the company said Monday it plans to buy Astrix Security to broaden its automated agent and non-human identity defense capabilities.Blaize (BZAI) said it signed a strategic partnership agreement with Winmate to integrate its AI chips into systems for defense and critical infrastructure, targeting about $15 million in first-year business. Blaize shares surged past 27%.

$BZAI$CSCO$MSFT

Sectors142d ago

Sector Update: Consumer Stocks Decline Monday Afternoon

Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.6%.In corporate news, GameStop (GME) has proposed to acquire eBay (EBAY) in a cash-and-stock deal worth about $55.5 billion. GameStop fell more than 7%, and eBay jumped 5.3%.Norwegian Cruise Line (NCLH) shares slumped more than 9%. The company lowered its full-year earnings outlook on Monday amid higher fuel costs and weak consumer demand due to the Middle East conflict, while its Q1 revenue fell short of market estimates.Tyson Foods' (TSN) fiscal Q2 results surpassed Wall Street's expectations, lifted by price and volume gains in the chicken and prepared foods segments. Its shares rose 2.5%.

$EBAY$GME$NCLH$TSN

Sectors142d ago

Sector Update: Energy

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index increasing 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.6%.The Philadelphia Oil Service Sector Index was decreasing 0.7%, and the Dow Jones US Utilities Index was shedding 0.7%.In sector news, oil prices rose as as investors weighed military action in the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows. Military tensions were fanning up in Hormuz on Monday, as several ships were struck amid Iranian threats and the US sent in destroyers and fought off further attacks, The Wall Street Journal reported. The skirmishes followed President Donald Trump's initiative to get ships bottled up in the Persian Gulf out through the crucial waterway, the Journal said.Front-month West Texas Intermediate crude oil was rising 3.5% to $105.53 a barrel, and the global benchmark Brent crude contract was advancing 5.7% to $114.28 a barrel. Henry Hub natural gas futures rose 3.7% to $2.88 per 1 million BTU.In corporate news, Chevron's (CVX) Q1 financial results set up a "meaningful" acceleration in sequential earnings, with momentum building through the rest of this year and into the first half of 2027, UBS analysts said in a note. UBS kept a buy rating on the stock and increased its price target to $220 from $218. Chevron shares were rising 1.5%.

$CVX

Sectors142d ago

Sector Update: Health Care

Health care stocks declined Monday afternoon, with the NYSE Health Care Index decreasing 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) down 0.4%.The iShares Biotechnology ETF (IBB) rose 1.2%.In corporate news, Amgen (AMGN) said Monday it will invest an additional $300 million in its biologics manufacturing facility in Puerto Rico. Amgen shares were down nearly 2%.

$AMGN

Sectors142d ago

Sector Update: Tech

Tech stocks were mixed Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) fractionally higher and the State Street SPDR S&P Semiconductor ETF (XSD) decreasing 0.2%.The Philadelphia Semiconductor index shed 0.7%.In corporate news, Microsoft-backed (MSFT) OpenAI has secured more than $4 billion from investors for a new joint venture valued at $10 billion to expand adoption of its AI products, Bloomberg reported. Microsoft shares decreased 0.1%.

$MSFT

Sectors142d ago

Sector Update: Financial

Financial stocks were lower Monday afternoon, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.8%.The Philadelphia Housing Index dropped 3.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.7%.Bitcoin (BTC-USD) was increasing 1.9% to $80,023, and the yield for 10-year US Treasuries was rising 7.6 basis points to 4.45%.In corporate news, American Express Global Business Travel, which is operated by Global Business Travel (GBTG), on Monday agreed to be acquired by Long Lake Management in an all-cash deal worth about $6.3 billion. Global Business Travel shares surged 57%.

$GBTG

Sectors142d ago

Sector Update: Energy Stocks Decline Premarket Monday

Energy stocks were declining premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.3% lower.The United States Oil Fund (USO) was marginally lower and The United States Natural Gas Fund (UNG) was 1% higher.Front-month US West Texas Intermediate crude oil was 0.4% higher at $102.32 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.8% to $110.13 per barrel, and natural gas futures were up 1.1% at $2.81 per 1 million British Thermal Units.Hess Midstream (HESM) shares were up more than 2% after the company posted higher Q1 earnings and revenue.Equinor (EQNR) is extending key supplier deals for drilling and well services with an aggregate value of about 17 billion Norwegian kroner ($1.83 billion), the company said. Equinor stock was up more than 1% premarket.ProPetro (PUMP) shares were down more than 5% after the company said it plans to offer $500 million in convertible senior notes due 2031 in a private placement, with an additional $75 million option for initial purchasers.

$EQNR$HESM$PUMP$UNG$USO$XLE

Sectors142d ago

Natural Gas Moves Higher as Warm Long-Term Forecasts Look to Boost Cooling Demand

Natural gas edged higher early Monday as warming long-term forecasts offer the prospect of higher cooling demand.Gas for June delivery was last seen up $0.02 to US$2.80 per million British thermal units.Long-term forecasts from the National Weather Service expect all states west of the Mississippi River to see warmer than seasonal temperatures over its eight to 14 day outlook, boosting the call on gas-fired generation to power air conditioning.Still, supply remains robust. Last week's weekly inventory report from the Energy Information Administration showed stocks stood at 2.14-trillion cubic feet, 7.7% above the five-year average.

$NGM6$UNG

Sectors142d ago

Sector Update: Financial Stocks Decline Premarket Monday

Financial stocks were declining premarket Monday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.8% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.9%.Royal Bank of Canada (RY) and Bank of Montreal (BMO) are in talks to sell their financial technology joint venture Moneris to private equity firm Francisco Partners at a valuation of as much as $2 billion, the Financial Times reported. Royal Bank of Canada shares were nearly 3% higher pre-bell.Blackstone (BX) Digital Infrastructure Trust set its initial public offering at 87.5 million shares with an anticipated price of $20 per share, according to a filing with the Securities and Exchange Commission. Blackstone stock was down more than 1% premarket.Blue Owl Capital (OWL) saw its stake held by Brown University reduced by roughly 53% in the first quarter, Reuters reported, citing a regulatory filing. Blue Owl Capital shares were up more than 1% pre-bell.

$BMO$BX$FAS$FAZ$OWL$RY$XLF

Sectors142d ago

Sector Update: Health Care Stocks Flat to Lower Premarket Monday

Health care stocks were flat to lower premarket Monday, with the iShares Biotechnology ETF (IBB) inactive and the State Street Health Care Select Sector SPDR ETF (XLV) down 0.4%.Indivior Pharmaceuticals (INDV) shares were up more than 2% after the company said it has entered into a $175 million accelerated share repurchase agreement with Barclays Bank, to be executed under the company's existing $400 million buyback program.Axsome Therapeutics (AXSM) stock was up more than 3% after the company reported higher Q1 revenue while its loss per share increased.ADMA Biologics (ADMA) shares were 0.8% higher after the company said it received US Food and Drug Administration approval for the supplemental biologics license application to expand the label of its Asceniv therapy.

$ADMA$AXSM$IBB$INDV$XLV

Sectors142d ago

Sector Update: Consumer Stocks Lean Lower Pre-Bell Monday

Consumer stocks were leaning lower pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.1%.GameStop (GME) said it submitted a non-binding proposal to acquire all outstanding shares of eBay (EBAY) for $125 each. Shares of eBay were up more than 6% and GameStop stock was down more than 5% premarket.Tyson Foods (TSN) shares were up more than 1% after the company reported fiscal Q2 adjusted net income and sales that topped analysts' estimates.Norwegian Cruise Line (NCLH) stock was down more than 6% after the company issued Q2 adjusted earnings outlook below analysts' expectations and cut its 2026 adjusted EPS guidance.

$EBAY$GME$NCLH$TSN$XLP$XLY

Sectors142d ago

Sector Update: Tech Stocks Edge Higher Premarket Monday

Technology stocks were edging higher premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) and State Street SPDR S&P Semiconductor ETF (XSD) advancing by 0.2%.SAP (SAP) stock was up more than 1% after the company said it agreed to acquire Dremio and Prior Labs in separate deals aimed at strengthening its enterprise AI and data capabilities.Datavault AI (DVLT) stock was down more than 19% after the company said it has agreed to sell 109.1 million common shares in a registered direct offering to institutional investors for gross proceeds of about $60 million.Blaize (BZAI) signed a strategic partnership agreement with Winmate to integrate its AI chips into systems for defense and critical infrastructure, targeting about $15 million in first-year business, the company said. Shares of Blaize were up more than 19% pre-bell.

$BZAI$DVLT$SAP$XLK$XSD

Sectors142d ago

Sector Update: Energy

Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.2% higher.The United States Oil Fund (USO) was up 1.1% and the United States Natural Gas Fund (UNG) was 1% higher.Front-month US West Texas Intermediate crude oil was 0.9% higher at $102.81 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.9% to $110.17 per barrel, and natural gas futures were up 0.4% at $2.79 per 1 million British Thermal Units.Hess Midstream (HESM) shares were up more than 2% after the company posted higher Q1 earnings and revenue.

$HESM

Sectors142d ago

Gold Falls as the Dollar and Yields Climb, But Remains Rangebound

Gold traded lower early Monday as the dollar and yields rose, but the precious metal remains within the tight range it has stuck within for the past month.Gold for June delivery was last seen down $70.00 to US$4,575.50 per ounce.The metal has traded within a US$200 range since over the past month, as the war on Iran prompts safe-haven buying, even as the higher oil price that followed the start of the war on Iran is hiking inflation. This is raising concerns higher interest rates are on the way, which is bearish for the metal since it pays no interest."Gold remains supported by safe-haven demand as investors continue to watch the Middle East conflict, oil prices, and the yen. Any durable easing in the Strait of Hormuz would likely cool demand for defensive assets, but until shipping flows normalise, gold should remain sensitive to geopolitical headlines and shifts in real yields," Saxo Bank noted.The dollar rose early, with the ICE dollar index last seen 0.17 points to 98.33. Treasury yields also rose, with the U.S. two-year note last seen paying 3.925%, up 3.3 basis points, while the yield on the 10-year note as up 2.8 points to 4.407%

$GCM6$GLD

Sectors142d ago

Sector Update: Financial

Financial stocks were declining premarket Monday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.6%.Royal Bank of Canada (RY) and Bank of Montreal (BMO) are in talks to sell their financial technology joint venture Moneris to private equity firm Francisco Partners at a valuation of as much as $2 billion, the Financial Times reported. Royal Bank of Canada shares were nearly 3% higher and Bank of Montreal stock was up more than 4% pre-bell.

$BMO$RY

Sectors142d ago

Sector Update: Health Care

Health care stocks were flat to lower premarket Monday, with the iShares Biotechnology ETF (IBB) inactive and the State Street Health Care Select Sector SPDR ETF (XLV) down 0.5%.Indivior Pharmaceuticals (INDV) shares were up more than 3% after the company said it has entered into a $175 million accelerated share repurchase agreement with Barclays Bank, to be executed under the company's existing $400 million buyback program.

$INDV

Sectors142d ago

Sector Update: Consumer

$EBAY$GME

Sectors142d ago

Sector Update: Tech

Technology stocks were edging higher premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 0.2%.SAP (SAP) stock was up more than 1% after the company said it agreed to acquire Dremio and Prior Labs in separate deals aimed at strengthening its enterprise AI and data capabilities.

$SAP

Sectors142d ago

Oil Moves Higher as U.S. Denies Iran's Claim It Hit a U.S. Warship with Missiles

Oil prices were higher early Monday in volatile trade after Iran claimed it struck a U.S. warship moving into the Strait of Hormuz with two missiles, a claim denied by U.S. Central Command, according to reports. If such a hit did happen, it would potentially bringing an end to a ceasefire between the two countries.West Texas Intermediate crude oil for June delivery was last seen up $1.38 to US$103.32 per barrel, after touching US$107.46 in Asian trade, while July Brent oil was up $2.64 to US$110.81.Iran's Fars News Agency reported Iranian forces struck the U.S. ship to prevent it from moving into the Strait, which Iran blocked at the Feb. 28 start of the war, cutting off 20% of the world's oil demand supplied by Persian Gulf nations. However, The Guardian reported U.S. Central Command dismissed the report, while continuing the blockade of Iranian ports.U.S. President Trump in a weekend social media post said the U.S. would begin escorting ships trapped in the Gulf through the Strait, but offered no details on the scheme. The Wall Street Journal reported Trump "intends to use countries, insurance companies and shipping organizations to move traffic through the strait. It doesn't currently involve U.S. Navy warships escorting vessels through the waterway", citing two U.S. officials. The uncertain details of the plan has done little to lower prices, which have climbed by about half since the conflict began."The market remains fragile because the plan's implementation is uncertain, and Kuwait's oil exports reportedly falling to zero underlines how severe the regional supply disruption has become," Saxo Bank wrote.

$CLM6$LCON6$USO

Showing 3541-3560 of 4211