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Sector Update: Healthcare

Healthcare stocks were declining pre-bell Friday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.3% and the iShares Biotechnology ETF (IBB) 0.2% lower.Novo Nordisk's (NVO) charitable foundation and its Quantum Foundry Copenhagen company are planning to set up a new 5,300 square meter quantum chip production facility in Copenhagen, the organizations said. Shares of Novo Nordisk were down more than 1% premarket.

$NVO

Sectors19d ago

Sector Update: Consumer

Consumer stocks were falling premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.7%.Lululemon Athletica (LULU) stock was down nearly 20% after the company posted lower fiscal Q2 earnings and revenue, and cut its fiscal 2026 outlook.

$LULU

Sectors19d ago

Sector Update: Tech

Technology stocks were advancing premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.6% higher.Samsara (IOT) shares were up more than 14% after the company reported higher fiscal Q2 non-GAAP earnings and revenue, and lifted its fiscal 2027 guidance.

$IOT

Sectors19d ago

Sector Update: Financial Stocks Gain Late Afternoon

Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 1.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.5%.The Philadelphia Housing Index was up 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 1.1%.Bitcoin (BTC-USD) popped 5.5% to $81,564, and the yield for 10-year US Treasuries fell 3.4 basis points to 4.762%.In economic news, Federal Reserve Governor Christopher Waller said Thursday he would support keeping interest rates steady if further signs of disinflation emerge, though he seemed willing to tighten monetary policy if price pressures intensify.The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September slumped to 50% after midday Thursday from 63% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.The Institute for Supply Management's US services index rose to a reading of 55.4 in August from 54.1 in July, compared with expectations for no change in a survey compiled by Bloomberg.The S&P Global US services index was revised downwards to 56.5 in August from the 56.8 flash reading, as expected in a survey compiled by Bloomberg.In corporate news, Jefferies Financial-linked (JEF) fund LAM Trade Finance Group II has secured a worldwide freezing order from the UK High Court against iron ore trader Radiant World and its founder Pinkesh Nahar, media outlets reported. Jefferies shares were up 1.9%.Equity Bancshares (EQBK) has agreed to buy Lincoln Bancorp in a deal valued at $123.8 million, the companies said. Equity Bancshares gained 2.8%.UBS (UBS) is facing renewed scrutiny from the US Senate over Credit Suisse's handling of Nazi-linked accounts, with the Senate Judiciary Committee seeking responses after determining the bank had not fully addressed its earlier requests, Bloomberg reported. UBS shares were up 1.3%.Carlyle (CG), Bain Capital, Oaktree, and Nextalia are among the firms preparing to bid for a minority interest in a company holding the international media rights of Italy's Serie A soccer league, Reuters reported. Carlyle shares added 0.9%.

$CG$EQBK$JEF$UBS

Sectors19d ago

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index decreasing 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%.The Philadelphia Oil Service Sector Index was falling 1.8%, and the Dow Jones US Utilities Index added 0.9%.In geopolitical news, the US and Iran have intensified tit-for-tat military strikes in recent days, remaining locked between ceasefire and all-out war as the White House struggles to end the six-month conflict, Bloomberg reported. Iran said it attacked bases in Kuwait and the United Arab Emirates "in response to America's crimes against the Iranian people," Al Jazeera, a Middle Eastern broadcaster, reported.Front-month West Texas Intermediate crude oil rose 0.7% to $91.62 a barrel, and the global benchmark Brent crude contract increased 0.1% to $95.71 a barrel. Henry Hub natural gas futures shed 1.3% to $2.92 per 1 million BTU.US natural gas stocks rose by 30 billion cubic feet in the week ended Aug. 28, smaller than the 31 billion gain expected in a survey compiled by Bloomberg and following an increase of 15 billion cubic feet in the previous week.In corporate news, BP (BP) on Thursday sent a letter to the union representing workers at its refinery in Whiting, Indiana, stating that it is willing to re-start negotiations, or work through a federal mediator, to end a BP lock-out that began on March 19. Separately, BP has drawn interest from UK energy firm EnQuest regarding a potential purchase of its UK North Sea oil and gas operations, CNBC reported, citing an interview with EnQuest CEO Amjad Bseisu. BP shares were down 0.7%.Diversified Energy (DEC) has agreed to buy Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said. Diversified Energy shares gained 2.3%.Equinor's (EQNR) East Point Energy unit has begun operations at Citrus Flatts, its largest energy storage project in the US, a key step toward building scalable operations in the onshore power industry. Equinor shares were down 2%.GeoPark (GPRK) said it has made a strategic entry into Venezuela via the acquisition of the Bare Block, a large producing asset in the Orinoco heavy-oil belt. GeoPark shares rose 1.1%.

$BP$DEC$EQNR$GPRK

Sectors19d ago

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.6%.In corporate news, Lands' End (LE) shares fell 2.8% after it lowered the higher end of its fiscal 2026 revenue guidance.John Wiley & Sons (WLY) shares gained 2% after it reported fiscal Q1 results above analyst estimates.Campbell's (CPB) guided for a soft fiscal 2027 outlook amid persistent inflation worries and cut its quarterly dividend. Shares dropped past 8%.Tyson Foods (TSN) reduced its fiscal 2026 revenue growth guidance to a range of 1.5% to 2% from the previous range of 2.5% to 3.5%, the company said Thursday. Shares fell past 7%.

$CPB$LE$TSN$WLY

Sectors19d ago

Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) up 0.1%.The Philadelphia Semiconductor Index was fractionally higher.In corporate news, Nvidia (NVDA) has agreed to buy AI platform Hugging Face in a deal worth up to $12.93 billion as the technology bellwether pledged to foster open-source models in the AI ecosystem. Nvidia shares were up 2%.Palantir (PLTR) and PwC expanded their strategic alliance to help companies deploy AI tools, PwC said Thursday. Palantir shares added 8.4%.Snowflake (SNOW) shares jumped 18% as the cloud-based data platform lifted its full-year product revenue outlook.Broadcom (AVGO) shares fell 2.3% after releasing its latest financial results. The chipmaker's guidance that its AI revenue will double in fiscal 2027 was slightly below Wall Street's consensus but the company is likely to "handily" top the projection, Truist Securities said in a note.

$AVGO$NVDA$PLTR$SNOW

Sectors19d ago

Sector Update: Financial

$JEF

Sectors19d ago

Sector Update: Energy

Energy stocks were down late Thursday afternoon, with the NYSE Energy Sector Index falling 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) fractionally lower.The Philadelphia Oil Service Sector Index was falling 1.8%, and the Dow Jones US Utilities Index added 0.9%.Front-month West Texas Intermediate crude oil rose 0.7% to $91.62 a barrel, and the global benchmark Brent crude contract increased 0.1% to $95.71 a barrel. Henry Hub natural gas futures shed 1.3% to $2.92 per 1 million BTU.In corporate news, BP (BP) on Thursday sent a letter to the union representing workers at its refinery in Whiting, Indiana, stating that it is willing to re-start negotiations, or work through a federal mediator, to end a BP lock-out that began on March 19. BP shares were down 0.5%.

$BP

Sectors19d ago

Sector Update: Consumer

$WLY

Sectors19d ago

Sector Update: Tech

Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) up 0.2%.The Philadelphia Semiconductor index was fractionally lower.In corporate news, Palantir (PLTR) and PwC expanded their strategic alliance to help companies deploy AI tools, PwC said Thursday. Palantir shares climbed 8%.

$PLTR

Sectors19d ago

Sector Update: Healthcare

Healthcare stocks were slightly higher late Thursday afternoon, with the NYSE Healthcare Index increasing 0.3% and the State Street Health Care Select Sector SPDR ETF (XLV) up 0.1%.The iShares Biotechnology ETF (IBB) eased 0.3%.In corporate news, Haleon (HLN) has negotiated better shelf placement at Walmart (WMT) and Target (TGT), Reuters reported. The company said it has offered major retailers better prices and promotions, as well as exclusivity on new products, in exchange for more prominent shelf space. Haleon shares were down 1.2%.

$HLN

Sectors19d ago

October WTI Crude Oil Contract Closes Up $0.29, or 0.3%; Settles at $91.30 per Barrel. November Brent Oil Was Last Seen Down $0.43, or 0.5%, to $95.20

$CLV6$LCOX6$USO

Sectors20d ago

Sector Update: Energy Stocks Decline Thursday Afternoon

Energy stocks were lower Thursday afternoon, with the NYSE Energy Sector Index down 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) slipping 0.2%.The Philadelphia Oil Service Sector Index was falling 1.6%, and the Dow Jones US Utilities Index added 0.9%.In geopolitical news, the US and Iran have intensified tit-for-tat military strikes in recent days, remaining locked between ceasefire and all-out war as the White House struggles to end the six-month conflict, Bloomberg reported. Iran said it attacked bases in Kuwait and the United Arab Emirates "in response to America's crimes against the Iranian people," Al Jazeera, a Middle Eastern broadcaster, reported.Front-month West Texas Intermediate crude oil rose 0.4% to $91.37 a barrel, and the global benchmark Brent crude contract slid 0.2% to $95.43 a barrel. Henry Hub natural gas futures shed 1.5% to $2.92 per 1 million BTU.US natural gas stocks rose by 30 billion cubic feet in the week ended Aug. 28, smaller than the 31 billion gain expected in a survey compiled by Bloomberg and following an increase of 15 billion cubic feet in the previous week.In corporate news, Diversified Energy (DEC) has agreed to buy Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said. Diversified Energy shares gained 3.8%.BP (BP) has drawn interest from UK energy firm EnQuest regarding a potential purchase of its UK North Sea oil and gas operations, CNBC reported, citing an interview with EnQuest CEO Amjad Bseisu. BP shares were down 0.4%.GeoPark (GPRK) said it has made a strategic entry into Venezuela via the acquisition of the Bare Block, a large producing asset in the Orinoco heavy-oil belt. GeoPark shares rose 2.5%.

$BP$DEC$GPRK

Sectors20d ago

Sector Update: Financial Stocks Higher Thursday Afternoon

Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 1.4%.The Philadelphia Housing Index was up 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1%.Bitcoin (BTC-USD) jumped 4.9% to $81,167, and the yield for 10-year US Treasuries fell 3.8 basis points to 4.756%.In economic news, Fed Governor Christopher Waller said Thursday he would support keeping interest rates steady if further signs of disinflation emerge, though he seemed willing to tighten monetary policy if price pressures intensify.The Institute for Supply Management's US services index rose to a reading of 55.4 in August from 54.1 in July, compared with expectations for no change in a survey compiled by Bloomberg.The S&P Global US services index was revised downwards to 56.5 in August from the 56.8 flash reading, as expected in a survey compiled by Bloomberg.In corporate news, Blackstone (BX) Private Credit Fund received an estimated $4.3 billion of repurchase requests in Q3, representing roughly 10% of shares outstanding, but will fulfill buyback requests representing just 5%, the fund said Thursday in a letter to investors. Blackstone shares were up 0.3%.Equity Bancshares (EQBK) has agreed to buy Lincoln Bancorp in a deal valued at $123.8 million, the companies said. Equity Bancshares rose 2.7%.UBS (UBS) is facing renewed scrutiny from the US Senate over Credit Suisse's handling of Nazi-linked accounts, with the Senate Judiciary Committee seeking responses after determining the bank had not fully addressed its earlier requests, Bloomberg reported. UBS shares were up 1.1%.Carlyle (CG), Bain Capital, Oaktree, and Nextalia are among the firms preparing to bid for a minority interest in a company holding the international media rights of Italy's Serie A soccer league, Reuters reported. Carlyle shares added 0.6%.

$BX$CG$EQBK$UBS

Sectors20d ago

Sector Update: Healthcare Stocks Higher Thursday Afternoon

Healthcare stocks were slightly higher Thursday afternoon, with the NYSE Healthcare Index increasing 0.3% and the State Street Health Care Select Sector SPDR ETF (XLV) up 0.1%.The iShares Biotechnology ETF (IBB) eased 0.3%.In corporate news, Hutchmed (HCM) shares jumped 17% after the company said its unit licensed rights to GSK (GSK) to develop and commercialize experimental cancer treatment HMPL-A830 outside greater China. GSK shares added 0.8%.AbbVie (ABBV) said Thursday that it has completed its acquisition of Apogee Therapeutics (APGE), valuing the clinical-stage biotechnology company at about $10.9 billion, or $135.11 per share. AbbVie shares were down 0.3%.Ultragenyx Pharmaceutical (RARE) shares fell 45% after the firm said a phase 3 study of apazunersen in Angelman syndrome did not achieve the primary endpoint nor a key secondary endpoint.

$ABBV$GSK$HCM$RARE

Sectors20d ago

Sector Update: Consumer Stocks Mixed in Afternoon Trading

Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.8%.In corporate news, Campbell's (CPB) guided for a soft fiscal 2027 outlook amid persistent inflation worries and cut its quarterly dividend. Its shares fell 9%.Tyson Foods (TSN) reduced its fiscal 2026 revenue growth guidance to a range of 1.5% to 2% from the previous range of 2.5% to 3.5%, the company said Thursday. Its shares fell past 7%.BofA Securities lowered its price target on Ollie's Bargain Outlet (OLLI) to $105 from $115 following Q2 results. Ollie's Bargain Outlet shares were down 0.2%.

$CPB$OLLI$TSN

Sectors20d ago

Sector Update: Tech Stocks Rise Thursday Afternoon

Tech stocks were higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.1% and the State Street SPDR S&P Semiconductor ETF (XSD) up 0.2%.The Philadelphia Semiconductor index was down 0.3%.In corporate news, Nvidia (NVDA) has agreed to buy AI platform Hugging Face in a deal worth up to $12.93 billion as the technology bellwether pledged to foster open-source models in the AI ecosystem. Nvidia shares were up 1.3%.Snowflake (SNOW) shares jumped nearly 21% as the cloud-based data platform lifted its full-year product revenue outlook.Broadcom (AVGO) shares fell 3.5% after releasing its latest financial results. The chipmaker's guidance that its AI revenue will double in fiscal 2027 was slightly below Wall Street's consensus but the company is likely to "handily" top the projection, Truist Securities said in a note.

$AVGO$NVDA$SNOW

Sectors20d ago

Sector Update: Financial

Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 1.3%.The Philadelphia Housing Index was up 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1%.Bitcoin (BTC-USD) jumped 4.8% to $81,025, and the yield for 10-year US Treasuries fell 3.8 basis points to 4.756%.In corporate news, Blackstone (BX) Private Credit Fund received an estimated $4.3 billion of repurchase requests in Q3, representing roughly 10% of shares outstanding, but will fulfill buyback requests representing just 5%, the fund said Thursday in a letter to investors. Blackstone shares were up 0.3%.

$BX

Sectors20d ago

Sector Update: Energy

Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index rising 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.2%.The Philadelphia Oil Service Sector Index was falling 1.7%, and the Dow Jones US Utilities Index added 0.9%.Front-month West Texas Intermediate crude oil rose 0.7% to $91.61 a barrel, and the global benchmark Brent crude contract increased 0.1% to $95.74 a barrel. Henry Hub natural gas futures shed 0.1% to $2.95 per 1 million BTU.In corporate news, BP (BP) has drawn interest from UK energy firm EnQuest regarding a potential purchase of its UK North Sea oil and gas operations, CNBC reported, citing an interview with EnQuest CEO Amjad Bseisu. BP shares were down 0.2%.

$BP

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Sectors19d ago

Sector Update: Energy Stocks Decline Late Afternoon

$BP$DEC$EQNR$GPRK