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Sector Update: Consumer

Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.5%.In corporate news, PepsiCo (PEP) reported higher-than-expected fiscal Q1 results on Thursday amid affordability initiatives, while the beverage and snacks company reiterated its full-year outlook. Its shares rose 2.2%.

$PEP

Sectors23d ago

Market Chatter: US-Iran Deal Will Take 6 Months, European and Gulf Officials Say

It will take about six months for the US and Iran to reach a peace deal, and the two sides should extend their ceasefire to cover that period, Bloomberg reported Thursday, citing Gulf Arab and European officials familiar with the matter.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Sectors23d ago

Gulf, European Officials Say US-Iran Deal Will Take 6 Months, Bloomberg Reports

Sectors23d ago

US Natural Gas Stocks Rises as Expected in Week Ended April 10

US natural gas stocks rose by 59 billion cubic feet in the week ended April 10, as expected in a survey compiled by Bloomberg and following an increase of 50 billion cubic feet in the previous week.Stocks at 1.970 trillion cubic feet are 6.8% higher than in the comparable week a year ago and 5.8% above their 5-year average.

Sectors23d ago

US Natural Gas Stocks Rise by 59 Bln Cubic Feet in Week Ended April 10, As Expected; Prior Gain of 50 Bln

Sectors23d ago

Natural Gas Edges Higher, But Remains Near an 18-Month Low on Light Spring Demand

Natural gas edged higher early Thursday ahead of fresh storage data, but remains near 18-month lows on light spring demand.Gas for May delivery was last seen up $0.01 to US$2,62 per million British thermal units after touching the lowest since August, 2024, earlier this week.Long-term forecasts from the National Weather Service see most states with seasonal or warmer temperatures over its six to 10 day outlook, limiting cooling and heating demand, while supply remains robust. "US natural gas production hit a new two-week low this week, falling to 102.6 Bcf/d and down 5 Bcf/d from Friday. Despite this pullback, production is still up 4.4% y/y, reflecting a loose balance, which itself led prices to their current, weaker, levels," Christopher Louney, a natural gas and gold strategist at RBC Capital Markets, wrote.The Energy Information Administration will release its weekly look at inventories of the fuel later on Wednesday morning. Celsius Energy is expecting the agency to report stocks rose by 55-billion cubic feet last week, the second-largest rise for the week over the past five years.

$NGK6$UNG

Sectors23d ago

Gold Moved Higher Early Thursday, But Remained Rangebound on Inflation Worries

Gold traded higher early Thursday but remained rangebound below US$5,000 as high oil and gas prices threaten to boost inflation and interest rates.Gold for May delivery was last seen up $15.60 to US$4,839.20 per ounce.The precious metal has stuck well under its Jan. 29 record high of US$5,354.80 as the U.S-Israel war on Iran keeps the Strait of Hormuz closed, blocking the 20% of daily oil and LNG demand from Persian Gulf nations off the market, sending prices higher and promising to reignite inflation.Further threats from U.S. President Trump to fire Federal Reserve Chair Jerome Powell if he stays in position after his term ends on May 15 are also again unsettling the market. Powell intends to stay in the position until his replacement, Kevin Warsh, is confirmed by the Senate. Trump said if Powell remains in the post past his term, he will try to fire him."The vibes are in force in many markets, gold included. With an unresolved war and tenuous ceasefire, there are still ample inflation pressures to be concerned about. Additionally, with President Trump again commenting on firing Powell, we think that the general sense of uncertainty is in the early innings of a gold-positive reappearance," Christopher Louney, a gold and natural gas strategist at RBC Capital Markets, wrote.The edged higher early, with the ICE dollar index last seen up 0.12 points to 98.18. Treasury yields edged down, with the U.S. two-year note last seen paying 3.765%, down 0.5 basis points, while the yield on the 10-year note was down 1.1 points to 4.277%.

$GCK6$GLD

Sectors23d ago

Sector Update: Energy Stocks Rise Premarket Thursday

Energy stocks were rising premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.5%.The United States Oil Fund (USO) was up 1.3% and the United States Natural Gas Fund (UNG) was 0.4% higher.Front-month US West Texas Intermediate crude oil was 1.4% higher at $92.50 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.9% to $96.69 per barrel, and natural gas futures were up 0.3% at $2.62 per 1 million British Thermal Units.TotalEnergies (TTE) shares were up more than 3% after the company said Q1 exploration and production results are expected to rise significantly, supported by higher oil prices and contributions from new projects.Equinor (EQNR) stock was up more than 1% after the company said it expects stronger Q1 results in its marketing, midstream, and processing division.Enbridge's (ENB) Enbridge Energy has received US presidential permits to operate and maintain the existing pipeline facilities at the US-Canada border in St. Clair County, Michigan, and Pembina County, North Dakota, the White House said. Enbridge shares were 0.4% higher premarket.

$ENB$EQNR$TTE$UNG$USO$XLE

Sectors23d ago

Sector Update: Financial Stocks Advance Premarket Thursday

Financial stocks were advancing premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.1%.Charles Schwab (SCHW) shares were down more than 3% after the company reported higher Q1 adjusted earnings and net revenue, with net revenue missing analysts' expectations.U.S. Bancorp (USB) stock was down more than 1% even after the company posted higher Q1 earnings and revenue.Travelers (TRV) reported higher Q1 core income and revenue. Travelers shares were down more than 1% pre-bell.

$FAS$FAZ$SCHW$TRV$USB$XLF

Sectors23d ago

Sector Update: Health Care Stocks Mixed Premarket Thursday

Health care stocks were mixed premarket Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) slightly higher and the iShares Biotechnology ETF (IBB) down 0.1%.Abbott Laboratories (ABT) stock was down more than 3% after the company issued Q2 adjusted earnings per share guidance below analysts' expectations, and lowered its 2026 adjusted EPS outlook.Hims & Hers Health (HIMS) shares were up more than 7% after a senior US health official signaled plans to ease restrictions on certain peptides.Organon (OGN) is a potential acquisition target by India's Sun Pharmaceutical Industries, Germany's Grunenthal, and private equity firms, Bloomberg reported, citing unnamed people familiar with the matter. Organon shares were up more than 5% pre-bell.

$ABT$HIMS$IBB$OGN$XLV

Sectors23d ago

Sector Update: Consumer Stocks Edge Higher Pre-Bell Thursday

Consumer stocks were edging higher pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.2%.PepsiCo (PEP) stock was up 0.7% after the company posted higher fiscal Q1 core earnings and net revenue.Brown-Forman (BF.A, BF.B) continues to be in merger discussions with Pernod Ricard, Reuters reported, citing Pernod Ricard Chief Financial Officer Helene de Tissot. Brown-Forman shares were down 0.3% premarket.

$BF.A$BF.B$PEP$XLP$XLY

Sectors23d ago

Sector Update: Tech Stocks Flat to Higher Premarket Thursday

Technology stocks were flat to higher premarket Thursday, with the State Street SPDR S&P Semiconductor ETF (XSD) inactive and the State Street Technology Select Sector SPDR Fund (XLK) advancing by 0.3%.Taiwan Semiconductor Manufacturing (TSM) stock was down more than 1% even after the company posted higher Q1 earnings and net revenue.Guidewire (GWRE) shares were up more than 1% after the company said it launched an artificial intelligence assistant for property and casualty insurers.JinkoSolar Holding (JKS) shares were down nearly 10% after the company reported a wider Q4 net loss as revenue declined during the period.

$GWRE$JKS$TSM$XLK$XSD

Sectors23d ago

Sector Update: Health Care

Health care stocks were leaning lower premarket Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) and iShares Biotechnology ETF (IBB) down 0.1%.Hims & Hers Health (HIMS) shares were up more than 8% after a senior US health official signaled plans to ease restrictions on certain peptides.

$HIMS

Sectors23d ago

Oil Moves Higher, But Remains Under US$100 on Hopes Around Talks Between the U.S. and Iran

Oil prices rose early Thursday, but remained firmly below the US$100 mark on hopes the United States and Iran will extend their ceasefire and resume talks to end war in the Middle East.West Texas Intermediate crude oil for May delivery was last seen up $0.43 to US$91.72 per barrel, while June Brent oil was up $0.95 to US$95.88.The U.S. Navy is blockading Iranian ports while Iran continues to block the Strait of Hormuz. However, U.S. President Trump's Wednesday comments that he, once again, thinks the end of the conflict is near, while Pakistan mediators continue to press for a resumption of talks between the two countries, is offering some hope for an end to a war that has kept the 20% of daily oil and gas demand from Persian Gulf Nations off the market.The supply shock has hit hardest in Asian nations, where some countries have introduced rationing while bidding up prices for immediately available supplies that are fetching near US$150 per barrel."Oil has steadied...on signs the US and Iran may extend a ceasefire and restart talks aimed at ending a war that has choked global supplies of key commodities from the Persian Gulf. This has triggered a major supply shock, the impact of which continues to build globally, with the relative calm and sub-USD 100 futures prices not fully reflecting the reality in the physical market," Saxo Bank noted.

$CLK6$LCOM6$USO

Sectors23d ago

Sector Update: Energy

Energy stocks were rising premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.3%.The United States Oil Fund (USO) was up 1.6% and the United States Natural Gas Fund (UNG) was 0.4% higher.Front-month US West Texas Intermediate crude oil was 1% higher at $92.19 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.6% to $96.44 per barrel, and natural gas futures were up 0.1% at $2.61 per 1 million British Thermal Units.TotalEnergies (TTE) shares were up more than 3% after the company said Q1 exploration and production results are expected to rise significantly, supported by higher oil prices and contributions from new projects.

$TTE

Sectors23d ago

Sector Update: Financial

$SCHW

Sectors23d ago

Sector Update: Consumer

Consumer stocks were edging higher pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) slightly advancing.PepsiCo (PEP) stock was up 0.3% after the company posted higher fiscal Q1 core earnings and net revenue.

$PEP

Sectors23d ago

Sector Update: Tech

Technology stocks were steady premarket Thursday, with the State Street SPDR S&P Semiconductor ETF (XSD) inactive and the State Street Technology Select Sector SPDR Fund (XLK) marginally advancing.Taiwan Semiconductor Manufacturing (TSM) stock was down more than 2% even after the company posted higher Q1 earnings and net revenue.

$TSM

Sectors23d ago

U.S. Commercial Crude Oil Inventories Fell 0.9 Million Barrels in Week Ended April 10, EIA Reports

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) fell by 0.9 million barrels to 463.8 million barrels in the week ended April 10, the U.S. Energy Information Administration said in its Weekly Petroleum Status Report released Wednesday. They are about 1% above the five-year average for this time of year.Total motor gasoline inventories declined 6.3 million barrels to 232.9 million barrels. Distillate fuel stocks dropped 3.1 million barrels to 111.6 million barrels, the EIA reported.Crude oil refinery inputs fell 208,000 barrels per day to 16 million barrels per day week over week. Refineries operated at 89.6% of their operable capacity during the week, the EIA said.Crude imports were down 1 million barrels per day to 5.3 million barrels per day, according to the agency.

$CLX1$LCOX1$USO

Sectors23d ago

Crude Oil Prices Rise as Market Expects Continued Supply Disruptions Despite U.S.-Iran Talks

Crude oil prices rose on Thursday as the war in the Middle East is expected to continue despite peace talks between the U.S. and Iran and the possibility of a two week ceasefire extension.Brent crude at last look had gained 1.4% to US$96.28/barrel while West Texas Intermediate crude was up 1.2% to $92.42/barrel. U.S. and Iranian officials consider returning to Pakistan for further talks as early as this weekend, Reuters said in a Thursday report.The Strait of Hormuz remains effectively closed and the U.S. blockade on Iranian ports is expected to exacerbate supply disruptions, the report said."We remain sceptical of any immediate solving of this war," Reuters quoted PVM oil market analyst John Evans as saying. "Pick any headline and there is always a counter."

$CLX1$LCOX1$USO

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