Financial News · Live Terminal

Page 51 of 162

Sector Update: Healthcare

Healthcare stocks rose Wednesday afternoon, with the NYSE Healthcare Index increasing 0.1% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.4%.The iShares Biotechnology ETF (IBB) was fractionally higher.In corporate news, Hims & Hers Health (HIMS) shares jumped past 8% after BofA Securities lifted the company's price target to $36 from $25, while keeping its neutral rating.

$HIMS

Sectors42d ago

Sector Update: Tech

Tech stocks were lower Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.1% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 2.6%.The Philadelphia Semiconductor index slumped 5.4%.In corporate news, Meta Platforms (META) is building a cloud infrastructure business to sell access to AI computing power and models, setting up a new area of competition with Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Alphabet's (GOOGL) Google Cloud, Bloomberg reported. Meta shares jumped nearly 10%, Amazon was up 1.7%, Microsoft rose 3.9%, and Alphabet added 0.4%.

$AMZN$GOOGL$META$MSFT

Sectors42d ago

Sector Update: Consumer

Consumer stocks were higher Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.2%.In corporate news, General Mills (GIS) reported better-than-expected fiscal Q4 results on Wednesday, while the consumer food company said it's eyeing $3 billion in cost savings through fiscal 2030. Its shares jumped past 7%.

$GIS

Sectors42d ago

US Total Crude Oil Stocks Fall in Week Ended June 26

US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 9.3 million barrels in the week ended June 26 following a decrease of 15.1 million barrels in the previous week.Excluding inventories in the SPR, commercial crude oil stocks declined by 3.8 million barrels after a 6.1 million barrel decrease in the previous week, a larger decline than the 2.2 million barrel decrease expected in a survey compiled by Bloomberg.Stocks in the SPR fell by 5.5 million in the week after decreasing by 9.1 million in the previous week.Overall crude oil stocks were down 1.3% from the previous week and 10.7% lower than a year earlier. Crude oil inventories are about 7% below the five-year average for this time of the year.Gasoline stocks declined by 2.3 million barrels, a larger decline than the 0.9 million barrel decrease expected. Gasoline stocks were down 1.1% from the previous week and 7.8% down from a year earlier.Distillate stocks increased by 2.5 million barrels in the current week, compared with an expected increase of 1.0 million barrels. Distillate stocks were up 2.3% from the previous week and were 4.8% higher than in the same week a year ago.Refineries operated at 96.6% of their capacity, up from 96.1% in the previous week.

Sectors42d ago

US Total Weekly EIA Crude Oil Stocks Fall by 9.3 Million Barrels After Prior 15.1 Million Decrease

Sectors42d ago

Sector Update: Energy Stocks Fall Premarket Wednesday

Energy stocks were falling premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.4% lower.The United States Oil Fund (USO) was down 1.8% and the United States Natural Gas Fund (UNG) was 0.8% lower.Front-month US West Texas Intermediate crude oil was 0.5% lower at $69.13 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.1% to $72.18 per barrel, and natural gas futures were down 0.8% at $3.25 per 1 million British Thermal Units.Sable Offshore (SOC) shares were up more than 23% after the company said it has priced a combined equity and debt offering to raise new capital and refinance existing borrowings tied to its energy assets.Eni (E) said it agreed with Mercuria to establish an equally owned joint venture to oversee energy commodities trading activities across global markets. Eni stock was down more than 2% pre-bell.Ecopetrol (EC) has received around 1 trillion Colombian pesos ($292.7 million) by Colombia''s Ministry of Finance and Public Credit, corresponding to the account receivable from the Fuel Price Stabilization Fund for Q2 2025, the company said. Ecopetrol shares were 0.6% lower premarket.

$E$EC$SOC$UNG$USO$XLE

Sectors42d ago

Sector Update: Financial Stocks Decline Pre-Bell Wednesday

Financial stocks were declining pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.1% lower.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.1% higher.S&P Global (SPGI) stock was up more than 2% after the company said it has completed the spinoff of its Mobility division into an independent publicly traded company, Mobility Global.FactSet Research Systems (FDS) shares were down more than 4% even after the company reported higher fiscal Q3 adjusted earnings and revenue.Klarna Group (KLAR) shares were up more than 10% after the company said a court ruled in favor of its PriceRunner unit, awarding it $1.97 billion in damages in an antitrust lawsuit against Alphabet's (GOOG, GOOGL) Google.

$FAS$FAZ$FDS$GOOG$GOOGL$KLAR$SPGI$XLF

Sectors42d ago

Sector Update: Healthcare Stocks Edge Higher Premarket Wednesday

Healthcare stocks were edging higher premarket Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.3% and the iShares Biotechnology ETF (IBB) advancing by 0.1%.Pacira BioSciences' (PCRX) non-opioid pain therapy Exparel is now separately reimbursed by UnitedHealthcare (UNH) across outpatient settings, including hospital outpatient departments and ambulatory surgery centers, the company said. UnitedHealth shares were 0.6% higher pre-bell.INmune Bio (INMB) stock was up more than 3% after the company said it has entered into the US national phase for its CORDStrom patent application with the US Patent and Trademark Office, advancing intellectual property protection for its mesenchymal stromal cell platform.Liminatus Pharma (LIMN) shares were down more than 11% after the company amended its definitive merger agreement with InnocsAI to allow for the transaction's closing before obtaining stockholder approval, with closing now expected Thursday.

$IBB$INMB$LIMN$PCRX$UNH$XLV

Sectors42d ago

Sector Update: Consumer Stocks Edge Higher Pre-Bell Wednesday

Consumer stocks were edging higher pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.1%.Kroger (KR) stock was down more than 3% after the company said it has agreed to acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, expanding its presence across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana.General Mills (GIS) shares were up more than 5% after the company posted higher fiscal Q4 adjusted earnings and net sales.Brightstar Lottery (BRSL) said Wednesday it has secured an exclusive five-year contract extension with Sony Pictures (SONY) to develop and distribute Ghostbusters-themed lottery games globally. Brightstar Lottery stock was 0.8% higher premarket.

$BRSL$GIS$KR$SONY$XLP$XLY

Sectors42d ago

Sector Update: Tech Stocks Decline Premarket Wednesday

Technology stocks were declining premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.1% lower.Check Point Software Technologies (CHKP) shares were up more than 2% after the company said its Cloud Firewall is now available on Amazon.com's (AMZN) Amazon Web Services European Sovereign Cloud for customers with European data residency and sovereignty requirements.Nice (NICE) stock was up more than 2% after the company said it will provide its customer experience artificial intelligence tools on the newly launched independent Amazon Web Services European Sovereign Cloud.Dynatrace (DT) said it has appointed George Riedel and Dan Streetman to its board, effective immediately, following its engagement with activist investor Starboard Value. Shares of Dynatrace were up more than 3% pre-bell.

$AMZN$CHKP$DT$NICE$XLK$XSD

Sectors42d ago

Sector Update: Energy

Energy stocks were declining premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.2% lower.The United States Oil Fund (USO) was down 1.4% and the United States Natural Gas Fund (UNG) was 0.2% higher.Front-month US West Texas Intermediate crude oil was 1.1% lower at $68.73 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.6% to $71.82 per barrel, and natural gas futures were down 1.9% at $3.21 per 1 million British Thermal Units.Sable Offshore (SOC) shares were up more than 18% after the company said it has priced a combined equity and debt offering to raise new capital and refinance existing borrowings tied to its energy assets.

$SOC

Sectors42d ago

Sector Update: Financial

$SPGI

Sectors42d ago

Sector Update: Healthcare

Healthcare stocks were edging higher premarket Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.2% and the iShares Biotechnology ETF (IBB) advancing by 0.4%.Pacira BioSciences' (PCRX) non-opioid pain therapy Exparel is now separately reimbursed by UnitedHealthcare (UNH) across outpatient settings, including hospital outpatient departments and ambulatory surgery centers, the company said. Shares of Pacira BioSciences were up more than 3% pre-bell.

$PCRX$UNH

Sectors42d ago

Sector Update: Consumer

Consumer stocks were mixed pre-bell Wednesday, 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) marginally advancing.Kroger (KR) stock was down more than 2% after the company said it has agreed to acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, expanding its presence across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana.

$KR

Sectors42d ago

Sector Update: Tech

Technology stocks were declining premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.9% lower.Check Point Software Technologies (CHKP) shares were up more than 2% after the company said its Cloud Firewall is now available on Amazon.com's (AMZN) Amazon Web Services European Sovereign Cloud for customers with European data residency and sovereignty requirements.

$AMZN$CHKP

Sectors43d ago

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Tuesday afternoon, with the NYSE Energy Sector Index easing 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.6%.The Philadelphia Oil Service Sector Index rose 0.5%, and the Dow Jones US Utilities Index retreated 1.2%.Front-month West Texas Intermediate crude oil fell 0.9% to $70.13 a barrel, and the global benchmark Brent crude contract eased 0.3% to $72.92 a barrel. Henry Hub natural gas futures rose 2.5% to $3.26 per 1 million BTU.In sector news, US envoy for the Middle East Steve Witkoff and President Donald Trump's son-in-law Jared Kushner are in Doha to meet Qatari mediators, CNN reported Tuesday, citing Qatar's Foreign Ministry spokesperson. The US duo will not meet with Iranian officials, the news report added.Separately, the US Federal Communications Commission is drafting a rule that would ban imports of foreign inverters, which connect solar projects and batteries to the grid, due to concerns China could disrupt power supplies with them, Reuters reported.In corporate news, Sable Offshore (SOC) shares tumbled 57%. Bloomberg reported that JPMorgan Chase (JPM), which is running a stock and note offering from Sable, has seen limited investor demand for a loan paying 15%.Air Products and Chemicals (APD) shares jumped 8% after it said Tuesday it will not proceed with the Louisiana Clean Energy Project due to expected financial returns that do not meet stringent return criteria.Shell (SHEL) is close to a deal to sell over 600 retail fuel outlets in South Africa to Abu Dhabi National Oil's retail arm for a deal valued at around $1 billion, Bloomberg reported. Shell shares rose 0.8%.Gulfport Energy (GPOR) has acquired roughly 4,700 net undeveloped acres in Ohio's Utica region for about $83 million, expanding its gas inventory in the area, the company said Monday. Its shares were up 2.5%.

$APD$GPOR$SHEL$SOC

Sectors43d ago

Sector Update: Financial Stocks Edge Lower Late Afternoon

Financial stocks edged down in late Tuesday afternoon trading, with the NYSE Financial Index 0.1% lower and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.2%.The Philadelphia Housing Index was down 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.4%.Bitcoin (BTC-USD) was falling 2.7% to $58,557, and the yield for 10-year US Treasuries fell 1 basis point to 4.39%.In economic news, US job openings rose to 7.594 million in May, according to the Bureau of Labor Statistics, above the 7.296 million openings expected in a Bloomberg-compiled survey and up from the 7.585 million openings reported in April.The Conference Board's measure of consumer confidence rose to 91.2 in June from a downwardly revised 90.6 in May, below the 94.4 expected in a Bloomberg-compiled poll.The Institute for Supply Management's Chicago PMI fell to 56.7 in June from 62.7 in May, compared with the expected 55.1 reading in a Bloomberg survey.In corporate news, Houlihan Lokey (HLI) agreed to acquire Intrepid Financial Partners, an investment bank specializing in advisory services for the energy sector, for an undisclosed amount. Houlihan Lokey shares rose 1%.Helix Infrastructure Partners, a new AI infrastructure firm backed by KKR (KKR) and Nvidia (NVDA), is looking to buy a data center company to quickly bring new data center space to hyperscalers, The Information reported. KKR shares climbed 3.3%.Ares Management (ARES) and Alibaba (BABA) co-founder Joe Tsai led a $100 million investment in the Premier Lacrosse League, valuing the league at more than $500 million, Bloomberg reported. Ares shares gained 4%.Lloyds (LYG) is planning to raise its focus on workplace pensions to boost its wealth segment as part of its five-year strategy through 2030, Bloomberg reported. Shares added 1.5%.

$ARES$HLI$KKR$LYG

Sectors43d ago

Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks advanced late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.8% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 5.5%.The Philadelphia Semiconductor Index climbed 4.2%.In corporate news, the US Supreme Court will hear an appeal by Apple (AAPL) challenging lower court rulings that it willfully defied a 2021 ruling involving developer fees for its app store, according to media reports. Apple shares rose 2.2%.AeroVironment (AVAV) shares surged past 20% after it reported stronger-than-expected fiscal Q4 results and issued an upbeat full-year revenue outlook at the midpoint.Super Micro Computer (SMCI) is cooperating with Taiwanese authorities after investigators searched its Taiwan office as part of a probe into suspected exports of Nvidia (NVDA) AI servers to China in violation of trade restrictions, the Financial Times reported. Super Micro shares rose 4.1%, and Nvidia added 2.1%.Micron Technology (MU) said Tuesday it is investing $250 million into 530A Accounts, also known as Trump Accounts. As part of the investment, Micron said it will match employee contributions up to $1,000 per child under 18 and provide a one-time $250 seed deposit for children with Trump Accounts where it operates in Idaho, New York, Virginia, California, Colorado, Minnesota and Texas. Micron shares rose 1.4%.

$AAPL$AVAV$MU$NVDA$SMCI

Sectors43d ago

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.2%.In sector news, Redbook US same-store sales rose by 10.5% from a year earlier in the week ended June 27 after a 10.0% year-over-year increase in the previous week. Redbook noted that there was an increase in demand for seasonal products such as air conditioners, fans, pool and beach equipment, swimwear, and other summer apparel.Separately, US retailers are placing China orders four to six weeks earlier than usual to build Black Friday and Christmas inventories ahead of potential US tariff hikes, Reuters reported, citing shipping executives. Frontloaded shipments have tightened container capacity on China-US routes, with spot rates from Shanghai to New york and Los Angeles rising week over week and year over year, maritime consultancy Drewry said.In corporate news, Allegiant Travel (ALGT) shares gained 2.8% after the company said it now expects Q2 adjusted earnings per share for the combined entity to be at least $1.25 following the acquisition of Sun Country Airlines, inclusive of Sun Country's results from May 13 through June 30.Patrick Industries (PATK) and LCI Industries (LCII) have entered into a definitive agreement to merge in an all-stock deal, the companies said Tuesday. Patrick Industries shares fell 3.1%, and LCI jumped past 6%.Philip Morris International (PM) shares were down 1.2% after it said Tuesday the US Food and Drug Administration issued Modified Risk Tobacco Product orders for 20 variants of ZYN nicotine pouch products.Paramount Skydance's (PSKY) proposed $110 billion takeover of Warner Bros. Discovery (WBD) might face regulatory intervention over media plurality concerns, British culture minister Lisa Nandy said Tuesday. Paramount shares were up 0.6%, and Warner fell 2%.

$ALGT$LCII$PATK$PM$PSKY$WBD

Sectors43d ago

Sector Update: Healthcare Stocks Softer Late Afternoon

Healthcare stocks were lower late Tuesday afternoon, with the NYSE Healthcare Index decreasing 0.9% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 1.1%.The iShares Biotechnology ETF (IBB) rose 0.2%.In corporate news, Pacira Biosciences (PCRX) has agreed to sell its Iovera cold-therapy pain relief system to Zimmer Biomet (ZBH) for up to $140 million. Pacira shares rose 1%, and Zimmer fell past 6%.Unicycive Therapeutics (UNCY) shares tumbled 40% after it said Tuesday it has received a Complete Response Letter from the US Food and Drug Administration over its resubmitted new drug application for oxylanthanum carbonate for treating hyperphosphatemia in people with chronic kidney disease on dialysis.AbbVie (ABBV) and Merck (MRK) are facing investigations by the China Select Committee of the US House over whether clinical trials conducted in China may have contributed to the country's military capabilities, Reuters reported. AbbVie shares were down 1.3%, and Merck shed nearly 1%.Align Technology (ALGN) shares fell 3% after the European Commission said Tuesday it has opened an antitrust probe to determine whether the company has violated EU competition rules by tying its dental clear aligners to its intra-oral scanners in the European Economic Area.

$ABBV$ALGN$MRK$PCRX$UNCY$ZBH

Showing 1001-1020 of 3236

Sectors43d ago

Sector Update: Consumer Stocks Mixed Late Afternoon

$ALGT$LCII$PATK$PM$PSKY$WBD