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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

Sectors20d ago

Sector Update: Healthcare

Healthcare stocks were slightly higher Thursday afternoon, with the NYSE Healthcare Index increasing 0.2% and the State Street Health Care Select Sector SPDR ETF (XLV) up 0.1%.The iShares Biotechnology ETF (IBB) shed 0.2%.In corporate news, 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. The acquisition is expected to negatively impact adjusted diluted earnings per share by $0.14 in 2026 and by about $0.46 in 2027, with accretion beginning in 2032, AbbVie said. AbbVie shares were down 0.3%.

$ABBV

Sectors20d ago

Sector Update: Consumer

Consumer stocks advanced Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.6%.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 past 9%.

$CPB

Sectors20d ago

Sector Update: Tech

Tech stocks were higher 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, 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%.

$NVDA

Sectors20d ago

US Natural Gas Stocks Posts Smaller Gain Than Expected in Week Ended Aug. 28

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 as of 7:35 am ET and following an increase of 15 billion cubic feet in the previous week.Stocks at 3.214 trillion cubic feet were 1.5% lower than in the comparable week a year ago but 5.2% above their 5-year average.

Sectors20d ago

US Natural Gas Stocks Rise by 30 Bln Cubic Feet in Week Ended Aug. 28 Vs. Expected 31 Bln Increase; Prior Gain of 15 Bln

Sectors20d ago

Sector Update: Energy Stocks Rise Pre-Bell Thursday

Energy stocks were rising pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.6%.The United States Oil Fund (USO) was up 0.8% and the United States Natural Gas Fund (UNG) was 0.1% higher.Front-month US West Texas Intermediate crude oil was 0.9% higher at $91.84 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.6% to $96.22 per barrel, and natural gas futures were up 1.3% at $2.99 per 1 million British Thermal Units.Diversified Energy (DEC) has agreed to acquire Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said. Diversified Energy shares were up more than 1% premarket.GeoPark (GPRK) has made a strategic entry into Venezuela through the acquisition of the Bare Block, a large producing asset in the Orinoco heavy-oil belt, the company said. GeoPark stock was up more than 7% pre-bell.Shell (SHEL) has completed its acquisition of ARC Resources after receiving all required shareholder, court and regulatory approvals, the company said. Shares of Shell were 0.1% lower premarket.

$DEC$GPRK$SHEL$UNG$USO$XLE

Sectors20d ago

Sector Update: Financial Stocks Advance Premarket Thursday

Financial stocks were advancing premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.5% higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.4% lower.Equity Bancshares (EQBK) has agreed to acquire Lincoln Bancorp in a deal valued at approximately $123.8 million, the companies said. Equity Bancshares stock was up 0.8% pre-bell.PayPal (PYPL) has laid off around 600 employees across its India operations as part of a global restructuring and cost-cutting drive, MoneyControl reported, citing unnamed people familiar with the matter. Shares of PayPal were 0.5% higher premarket.Intercontinental Exchange (ICE) said its New York Stock Exchange subsidiary and Korea Exchange signed a memorandum of understanding to collaborate on expanding access to global capital markets. Intercontinental Exchange shares were up 0.7% pre-bell.

$EQBK$FAS$FAZ$ICE$PYPL$XLF

Sectors20d ago

Sector Update: Healthcare Stocks Edge Higher Pre-Bell Thursday

Healthcare stocks were edging higher pre-bell Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.3% and the iShares Biotechnology ETF (IBB) advancing by 0.5%.Hutchmed (HCM) shares were up more than 11% after the company said its unit licensed rights to GSK (GSK) to develop and commercialize experimental cancer treatment HMPL-A830 outside greater China.Ultragenyx Pharmaceutical (RARE) shares were down more than 46% after the company said its phase 3 study of apazunersen in Angelman syndrome failed to achieve the primary endpoint or a key secondary endpoint.Liquidia (LQDA) was up more than 1% after the company said the US Food and Drug Administration has granted fast-track designation to Yutrepia inhalation powder to treat Raynaud's phenomenon associated with systemic sclerosis.

$GSK$HCM$IBB$LQDA$RARE$XLV

Sectors20d ago

Sector Update: Consumer Stocks Mixed Premarket Thursday

Consumer stocks were mixed premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.1% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.4%.Campbell's (CPB) shares were down more than 6% after the company reported lower fiscal Q4 adjusted earnings and net sales, and cut its quarterly dividend.Victoria's Secret (VSXY) stock was down more than 6% even after the company posted higher fiscal Q2 adjusted earnings and net sales, and raised its fiscal 2026 net sales outlook.Tilly's (TLYS) shares were up more than 33% after the company reported fiscal Q2 earnings that almost tripled amid a jump in net sales.

$CPB$TLYS$VSXY$XLP$XLY

Sectors20d ago

Sector Update: Tech Stocks Lean Lower Premarket Thursday

Technology stocks were leaning lower premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) slightly declining and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.3%.Snowflake (SNOW) shares were up more than 23% after the company reported higher fiscal Q2 adjusted net income and revenue, and raised its fiscal 2027 product revenue outlook.Broadcom (AVGO) stock was down more than 3% even after the company posted higher fiscal Q3 adjusted earnings and revenue.Nvidia (NVDA) has agreed to acquire Hugging Face for $12.93 billion, Chief Executive Jensen Huang said in a blogpost. Nvidia shares were 0.7% higher pre-bell.

$AVGO$NVDA$SNOW$XLK$XSD

Sectors20d ago

Sector Update: Energy

Energy stocks were rising pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.3%.The United States Oil Fund (USO) was up 1% and the United States Natural Gas Fund (UNG) was 0.1% higher.Front-month US West Texas Intermediate crude oil was 1.2% higher at $92.11 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.8% to $96.35 per barrel, and natural gas futures were up 1.1% at $2.99 per 1 million British Thermal Units.Diversified Energy (DEC) has agreed to acquire Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said. Diversified Energy shares were up more than 1% premarket.

$DEC

Sectors20d ago

Sector Update: Financial

$EQBK

Sectors20d ago

Sector Update: Healthcare

Healthcare stocks were edging higher pre-bell Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.2% and the iShares Biotechnology ETF (IBB) advancing by 0.5%.Hutchmed (HCM) shares were up more than 12% after the company said its unit licensed rights to GSK (GSK) to develop and commercialize experimental cancer treatment HMPL-A830 outside Greater China.

$GSK$HCM

Sectors20d ago

Sector Update: Consumer

$CPB

Sectors20d ago

Sector Update: Tech

Technology stocks were mixed premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.1% higher and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.4%.Snowflake (SNOW) shares were up more than 23% after the company reported higher fiscal Q2 adjusted net income and revenue, and raised its fiscal 2027 product revenue outlook.

$SNOW

Sectors20d ago

Oil Price Rebounds from Escalating Tensions, Strait of Hormuz Disruptions, ABN Amro Says

Escalating tensions in the Middle East and decreased flows through the Strait of Hormuz have prompted a rebound in oil prices, but lower demand and other factors have limited the price impact, ABN Amro Group Economics said in a Thursday note.Oil demand fell by 6.8 million barrels per day between the end of 2025 and June 2026, ABN Amro said. Alternative export routes, dark transits, ship-to-ship transfers and high US oil production have also capped the increase in oil prices.The market is expected to remain tight even if a near-term deal to reopen the strait is reached. Meanwhile, recovering Asian demand, higher refinery activity and the need to rebuild low inventories are seen to provide price support later in the year, ABN Amro said.

$CLX1$LCOX1$USO

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