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Sector Update: Consumer

Consumer stocks were higher Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.6%.In corporate news, Wendy's (WEN) reiterated its full-year outlook on Friday as the fast food chain's fiscal Q1 revenue unexpectedly increased year over year. Its shares climbed 2.1%.

$WEN

Sectors21h ago

US Forces Disable 2 Iranian-Flagged Oil Tankers, Centcom Says

Sectors22h ago

Sector Update: Energy Stocks Lean Lower Premarket Friday

Energy stocks were leaning lower premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.1%.The United States Oil Fund (USO) was down 1.2% and The United States Natural Gas Fund (UNG) was 1.8% higher.Front-month US West Texas Intermediate crude oil was 0.1% higher at $94.90 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.4% to $100.45 per barrel, and natural gas futures were up 1.1% at $2.80 per 1 million British Thermal Units.Enbridge (ENB) shares were up 0.4% after the company posted Q1 adjusted earnings and revenue that exceeded analysts' estimates.Devon Energy (DVN) stock was up more than 1% after the company launched a new share repurchase authorization of $8 billion and raised its fixed dividend to $0.320 per share, payable June 30 to shareholders of record as of June 15.Plains GP (PAGP) shares were down more than 2% after the company reported a decline in Q1 net income.

$DVN$ENB$PAGP$UNG$USO$XLE

Sectors23h ago

Sector Update: Financial Stocks Rise Pre-Bell Friday

Financial stocks were rising pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.5% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.7%.Essent Group (ESNT) shares were up 1% after the company reported higher Q1 earnings and revenue.Burford Capital (BUR) stock was down more than 6% after the company reported that it swung to a Q1 loss.Brookfield Asset Management (BAM) shares were up 0.7% after the company posted higher Q1 distributable earnings and total revenue.

$BAM$BUR$ESNT$FAS$FAZ$XLF

Sectors23h ago

Sector Update: Healthcare Stocks Steady Pre-Bell Friday

Healthcare stocks were steady pre-bell Friday, with the iShares Biotechnology ETF (IBB) inactive and the State Street Health Care Select Sector SPDR ETF (XLV) down a slight 0.1%.Grifols (GRFS) stock was up more than 2% after the company posted a higher Q1 adjusted profit.ANI Pharmaceuticals (ANIP) shares were up more than 4% after the company reported higher Q1 adjusted earnings and net revenue, and raised its 2026 outlook.Artiva Biotherapeutics (ARTV) stock was up more than 3% after the company priced its $300 million underwritten offering of common shares and pre-funded warrants.

$ANIP$ARTV$GRFS$IBB$XLV

Sectors23h ago

Sector Update: Consumer Stocks Advance Premarket Friday

Consumer stocks were advancing premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.4% higher.Interface (TILE) shares were up nearly 11% after the company posted higher fiscal Q1 adjusted earnings and net sales, and raised its fiscal 2026 outlook.Wendy's (WEN) stock was up more than 4% after the company reported Q1 adjusted earnings and revenue that topped analysts' expectations, with revenue increasing year over year.Zara has denied infringing Estee Lauder's (EL) Jo Malone trademark in an infringement case, Reuters reported, citing a court filing. Estee Lauder shares were 0.8% higher pre-bell.

$EL$TILE$WEN$XLP$XLY

Sectors23h ago

Sector Update: Tech Stocks Rise Premarket Friday

Technology stocks were rising premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) 1.2% higher and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.1%.Sony Group (SONY) stock was up more than 2% after the company posted higher fiscal Q4 sales.Cloudflare (NET) shares were down more than 15% after the company said it expects to reduce its workforce by about 1,100 people as part of a planned restructuring.Iren (IREN) secured a five-year AI infrastructure cloud services contract with Nvidia (NVDA) worth $3.4 billion, the company said. Iren shares were up more than 15% premarket.

$IREN$NET$SONY$XLK$XSD

Sectors23h ago

Sector Update: Energy

Energy stocks were leaning lower premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) marginally declining.The United States Oil Fund (USO) was down 1.1% and the United States Natural Gas Fund (UNG) was 0.4% higher.Front-month US West Texas Intermediate crude oil was 0.1% higher at $94.90 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.1% to $100.16 per barrel, and natural gas futures were up 0.8% at $2.79 per 1 million British Thermal Units.Enbridge (ENB) shares were slightly down after the company posted a decline in Q1 adjusted earnings.

$ENB

Sectors23h ago

Sector Update: Financial

$ESNT

Sectors23h ago

Sector Update: Health Care

Health care stocks were steady pre-bell Friday, with the iShares Biotechnology ETF (IBB) inactive and the State Street Health Care Select Sector SPDR ETF (XLV) up a slight 0.1%.Grifols (GRFS) stock was up more than 2% after the company posted a higher Q1 adjusted profit.

$GRFS

Sectors23h ago

Sector Update: Consumer

Consumer stocks were advancing premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.5% higher.Interface (TILE) shares were up more than 10% after the company posted higher fiscal Q1 adjusted earnings and net sales, and raised its fiscal 2026 outlook.

$TILE

Sectors23h ago

Sector Update: Tech

Technology stocks were higher premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) gaining 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.1%.Sony Group (SONY) stock was up more than 2% after the company posted higher fiscal Q4 sales.

$SONY

Sectors1d ago

Global Markets Mixed Ahead of U.S., Canadian Jobs Data as Tariff, Middle East Risks Swirl, Says Scotiabank

Global markets are "highly mixed" into the end of the week amid swirling developments on United States tariffs after a court voted against the introduction of 10% global tariffs, the conflict in the Middle East and ahead of dual jobs reports out of the U.S. and Canada, said Scotiabank.Oil is little changed after reversing early Thursday's dip because of signs that U.S.-Iran negotiations aren't going well, noted the bank. U.S. and Canadian equity futures are a little higher, but European cash markets are down by up to about 1%.The US dollar (USD) is generally softer but not by much, pointed out Scotiabank. Sovereign bond yields are mixed, with Gilts outperforming.Mexican markets will follow U.S. payrolls (NFP) and oil market developments after Banxico delivered the universally expected 25bps cut with a narrow 3-2 vote and signaled the end of the easing cycle late Thursday, added the bank.All of that could change "very shortly" as the NFP and Canada's Labour Force Survey (LFS) will be published at 8:30 a.m. ET and perhaps "multiple times" over Friday's market session, stated Scotiabank.

$$CXY$$USD

Sectors1d ago

Brent Crude Up 0.55% at US$110.60 and NY Crude Up 0.3% at US$95.10

$CLM6$LCON6$USO

Sectors1d ago

Crude Oil Prices Mostly Hold Onto Gains Amid Renewed Hostilities in Middle East

Crude oil prices stabilized after seeing gains due to renewed hostilities between the U.S. and Iran, sparking concerns about the ongoing ceasefire.Brent crude at last look was at US$99.89/barrel and West Texas Intermediate crude was at $94.34/barrel. This comes after the U.S. and Iran were reportedly nearing a peace deal to end the war, Reuters said in a Friday report."Price formation is no longer anchored in a pragmatic reading of the war's trajectory or the physical realities in the Strait of Hormuz," Reuters quoted Vandana Hari, founder of oil market analysis provider Vanda Insights, as saying.U.S. President Donald Trump said the ceasefire was still in effect despite the restart of fighting, according to the report."On the supply front, the picture remains tight," IG analyst Tony Sycamore was quoted as saying.

$CLX1$LCOX1$USO

Sectors1d ago

Sector Update: Energy Stocks Slide Late Afternoon

Energy stocks declined late Thursday afternoon, with the NYSE Energy Sector Index dropping 1.9% and the State Street Energy Select Sector SPDR ETF (XLE) falling 1.8%.The Philadelphia Oil Service Sector Index lost 2.5%, and the Dow Jones US Utilities Index shed 1.5%.In sector news, Iran has created a government agency to vet and tax vessels seeking passage through the Strait of Hormuz, the Associated Press reported, citing Lloyd's List Intelligence. Tehran is reviewing the latest US proposals for ending the war.West Texas Intermediate crude oil rose 1.5% to $96.53 a barrel, and global benchmark Brent gained 0.8% at $102.11 a barrel. Henry Hub natural gas futures rose 1.6% to $2.77 per 1 million BTU.US natural gas stocks rose 63 billion cubic feet in the week ended Friday, smaller than the 72 billion rise expected in a Bloomberg survey and following the gain of 79 billion in the previous week.In corporate news, BKV (BKV) shares fell 2.5% after it reported Q1 adjusted earnings Thursday of $0.22 per diluted share, down from $0.44 a year earlier. An analyst polled by FactSet expected $0.36.Cheniere Energy (LNG) shares dropped nearly 4% after the company reported a Q1 loss of $16.65 per diluted share, swinging from earnings of $1.57 a year earlier.Shell (SHEL) shares fell 3.5% after the company reported lower-than-expected Q1 revenue.Tenaris (TS) shares slumped 5.3% after the company said Q2 sales will be affected by lower shipments in the Middle East. Tenaris also named Gabriel Podskubka CEO.

$BKV$LNG$SHEL$TS

Sectors1d ago

Sector Update: Financial Stocks Fall Late Afternoon

Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index down 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.6%.The Philadelphia Housing Index dropped 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) declined 0.7%.Bitcoin (BTC-USD) fell 1.8% to $79,934, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.39%.In economic news, employers in the US announced 83,387 job cuts in April, up from 60,620 in March, Challenger, Gray & Christmas said Thursday.US consumer credit use jumped by $24.8 billion in March, compared with a $13.5 billion increase expected in a survey compiled by Bloomberg and following an $8.9 billion increase in the previous month.In corporate news, KKR (KKR) shares decreased 0.8% after Argus lowered the company's price target to $115 from $120.Blackstone (BX) and I Squared are considering making a bid for Stroeer that may value the German media group at 2.5 billion euros ($2.94 billion), Bloomberg reported. Blackstone shares were down 2%.Citigroup (C) Chief Executive Jane Fraser said Thursday at the bank's Investor Day that Citi expects its return on tangible common equity to hit a range of 11% to 13% in 2027 and 2028, up from 10% to 11% currently, before rising further to 14% to 15% from 2029 to 2031, according to a slide deck the company published. Citi shares rose 1.8%.JPMorgan Chase (JPM) and Citigroup were sued by China's HY Energy over alleged failure of funds transfer, Bloomberg reported. JPMorgan shares fell 2.6%.

$BX$C$JPM$KKR

Sectors1d ago

Sector Update: Consumer Stocks Edge Lower Late Afternoon

Consumer stocks were edging down late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each decreasing 0.1%.In corporate news, Tapestry (TPR) raised its fiscal 2026 outlook after delivering a Q3 beat, but provided a subdued Q4 sales guidance for its Kate Spade brand. Its shares dropped more than 13%.Shake Shack (SHAK) shares slumped 28% after the company's Q1 results missed Wall Street estimates.Planet Fitness (PLNT) shares tumbled 32% after the company tempered its full-year outlook amid fewer-than-expected member additions in Q1.McDonald's (MCD) reported better-than-expected Q1 results as comparable sales rebounded more than market estimates despite what the company described as a "challenging" environment. Its shares rose 0.3%.

$MCD$PLNT$SHAK$TPR

Sectors1d ago

Sector Update: Health Care Stocks Softer Late Afternoon

Health care stocks declined late Thursday afternoon, with the NYSE Health Care Index decreasing 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.7%.The iShares Biotechnology ETF (IBB) dropped 2.2%.In corporate news, Entrada Therapeutics (TRDA) shares tumbled 57% after its drug for children with Duchenne muscular dystrophy fell short of analyst expectations in an early-to-mid stage trial, Reuters reported Thursday.Iovance Biotherapeutics (IOVA) shares fell past 13% after the company's Q1 loss narrowed less than expected and revenue missed estimates.Harmony Biosciences (HRMY) shares dropped 5.5% after the company's Q1 earnings and revenue fell short of analysts' estimates.Catalyst Pharmaceuticals (CPRX) shares rose 2.1% after the company agreed to be acquired by Angelini Pharma in a deal with an equity value of about $4.1 billion. The company also said it has reached a settlement agreement with Hetero Labs to resolve patent litigation regarding a proposed generic version of Firdapse.

$CPRX$HRMY$IOVA$TRDA

Sectors1d ago

Sector Update: Tech Stocks Decline Late Afternoon

Tech stocks were lower late 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) falling 2%.The Philadelphia Semiconductor index dropped 3%.In corporate news, Snap's (SNAP) Q1 loss narrowed more than market expectations, although the social media company saw persistent headwinds in its North America advertising business and recorded up to $25 million impact from the Middle East conflict. Its shares fell 1.9%.Nvidia (NVDA) has started discussions with Japan's SoftBank, which is looking for help with its plan to develop and produce homegrown AI servers, Nikkei Asia reported Thursday. Nvidia shares were up 2.2%.Meta Platforms (META) has asked a Los Angeles judge to throw out a jury verdict that found the company liable for a woman's depression in a case over whether social media platforms were designed to be addictive for young users, according to a filing. Meta shares were up 0.5%.Datadog (DDOG) raised its full-year outlook on Thursday after the software maker posted Q1 results that topped Wall Street expectations. Its shares climbed 30%.

$DDOG$META$NVDA$SNAP

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