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Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.5%.The Philadelphia Housing Index shed 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 1.3%.Bitcoin (BTC-USD) was adding 0.3% to $64,280, and the yield for 10-year US Treasuries rose 5.8 basis points to 4.509%.In corporate news, Carlyle (CG) is working with its portfolio managers to proactively evaluate and then possible de-risk assets from weather-related damages, Bloomberg reported. Carlyle shares were down 0.3%.Morgan Stanley (MS) has identified two sites within the city of Dallas for a phased approach to establishing a large-scale operational hub, according to a city document. Morgan Stanley shares rose 1.8%.Lloyds (LYG) is preparing for a potential bid to buy Aldermore, which has been put up for sale by its parent company FirstRand Group, Sky News reported. Lloyds shares climbed up 3.5%.Robinhood (HOOD) shares fell 2.2% after the company said it plans to offer $2 billion worth of convertible senior notes due 2029 in a private placement.

$CG$HOOD$LYG$MS

Sectors50d ago

Sector Update: Tech Stocks Advance Late Afternoon

Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.6%.The Philadelphia Semiconductor index rose 1.3%.In corporate news, Micron Technology (MU) shares gained 5% after it said Monday it is collaborating with Anthropic for memory and storage AI architecture design, product supply, and enterprise adoption of Claude, alongside an investment in Anthropic's series H funding round.Dell (DELL) shares climbed 1.6% after it introduced the PowerEdge XE8812, a new server designed to handle large AI-computing workloads and built with Nvidia's (NVDA) Vera Rubin platform.Alphabet's (GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Alphabet shares were down 5.2%.STMicroelectronics (STM) shares rose 1.6% after the company said it released a new 3-dimensional light detection and ranging module designed for AI applications on small computing devices.

$DELL$GOOGL$MU$STM

Sectors50d ago

Sector Update: Healthcare Stocks Rise Late Afternoon

Healthcare stocks were higher late Monday afternoon, with the NYSE Healthcare Index rising 0.9% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.8%.The iShares Biotechnology ETF (IBB) climbed 1.7%.In corporate news, AbbVie (ABBV) has agreed to acquire Apogee Therapeutics (APGE) in an all-cash deal worth about $10.9 billion, as the drugmaker looks to boost its immunology portfolio and accelerate its clinical presence in the respiratory segment. AbbVie shares jumped past 6%, and Apogee surged 46%.Regenxbio (RGNX) shares jumped 18% after it said the US Food and Drug Administration has agreed on the next steps for a potential accelerated approval of Navsunli, its experimental gene therapy for Mucopolysaccharidosis II, following discussions related to its appeal of a complete response letter issued in February.Jaguar Health (JAGX) shares climbed 16% after the firm said Monday its board has started a process to explore strategic alternatives to maximize shareholder value.Vivos Therapeutics (VVOS) shares fell 14% after it said Monday it has extended its strategic financing agreement with Streeterville Capital through Aug. 31, giving it additional time to complete planned capital-raising efforts.

$ABBV$APGE$JAGX$RGNX$VVOS

Sectors50d ago

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.6%.In corporate news, Carnival (CCL) is under investigation following an April data breach that compromised personal information of about 6 million people, Texas Attorney General Ken Paxton said in a statement Monday. Carnival shares fell 2.8%.Uber (UBER) was sued Monday by shareholders who accused the ride-sharing company's board of ignoring warnings about compliance failures that allegedly contributed to thousands of sexual assault and harassment lawsuits, Reuters reported. Separately, Uber is expected to invest a "meaningful" amount and be named as an anchor investor for Lime's IPO, The Information reported. Uber shares were down 0.3%.Lucid (LCID) shares fell 3.9% after the company said Monday it plans to cut 18% of its workforce as part of a plan to streamline its structure and boost profitability.Walt Disney's (DIS) ABC broadcast network launched an on-air commercial campaign urging viewers to submit comments to the Federal Communications Commission as the agency reviews ABC's petition regarding "The View," its daily talk show. Disney shares shed 1.7%.

$CCL$DIS$LCID$UBER

Sectors50d ago

Sector Update: Energy

Energy stocks were rising late Monday afternoon, with the NYSE Energy Sector Index adding 1% and the State Street Energy Select Sector SPDR ETF (XLE) advancing 1.1%.The Philadelphia Oil Service Sector Index was up 0.2%, and the Dow Jones US Utilities Index rose 0.5%.Front-month West Texas Intermediate crude oil fell 2.3% to $74.09 a barrel, and the global benchmark Brent crude contract dropped 3% to $78.12 a barrel. Henry Hub natural gas futures advanced 0.6% to $3.25 per 1 million BTU.In corporate news, Petrobras (PBR) shares rose 1.3%. The company said Friday its board approved a final investment decision for a biorefining project with an investment of about $1.2 billion at its Presidente Bernardes refinery in Sao Paulo state.

$PBR

Sectors50d ago

Sector Update: Financial

$CG

Sectors50d ago

Update: WTI Oil Trading Near Four-Month Low as Talks Between US, Iran Progress

(Updates prices in the second paragraph and adds detail on the US waiver for Iranian exports in paragraph four.)West Texas Intermediate (WTI) closed at the lowest in more than three months on Monday as talks between Iran and the United States are progressing, raising hopes the Strait of Hormuz could fully reopen and allow Persian Gulf energy exports to flow more freely, and the United States lifted sanctions on Iran's oil exports.WTI crude oil for July delivery closed down 2.3% to settle at US$74.82 per barrel, the lowest since March 4, while August Brent oil was last seen down 3.6% to US$77.70.US Vice President JD Vance said technical talks aimed at formalizing last week's memorandum of understanding between the United States and Iran are progressing well, despite threats directed at Iran that President Donald Trump posted on social media over the weekend.A deal between the two countries could fully reopen the Strait of Hormuz, the chokepoint for exports from the Persian Gulf nations that supplied a fifth of daily oil demand prior to the Feb. 28 start to the war. Tankers have started moving through the waterway and Iran has resumed exports. The United Arab Emirates, Kuwait and Iraq reportedly promised to deliver more oil to customers.The US Treasury Department on Monday granted Iran a 60-day waiver to freely export oil and petrochemicals, and to collect payments in US dollars.

$CLN6$LCOQ6$USO

Sectors50d ago

Sector Update: Tech

$DELL$NVDA

Sectors50d ago

Sector Update: Healthcare

Healthcare stocks were higher late Monday afternoon, with the NYSE Healthcare Index rising 1.2% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.8%.The iShares Biotechnology ETF (IBB) climbed 1.7%.In corporate news, Regenxbio (RGNX) shares jumped 19% after it said the US Food and Drug Administration has agreed on the next steps for a potential accelerated approval of Navsunli, its experimental gene therapy for Mucopolysaccharidosis II, following discussions related to its appeal of a complete response letter issued in February.

$RGNX

Sectors50d ago

Sector Update: Consumer

Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.5%.In corporate news, Uber (UBER) was sued Monday by shareholders who accused the ride-sharing company's board of ignoring warnings about compliance failures that allegedly contributed to thousands of sexual assault and harassment lawsuits, Reuters reported. Separately, Uber is expected to invest a "meaningful" amount and be named as an anchor investor for Lime's IPO, The Information reported. Uber shares were up 0.2%.

$UBER

Sectors50d ago

Update: Gold Drops as Dollar Rises to 13-Month High After Fed Signals Higher Rates Could Be Coming

(Updates the gold price in the second paragraph)Gold traded lower midafternoon Monday as the U.S. dollar climbed to its highest level in more than a year, extending gains after the Federal Reserve signaled it could raise interest rates later this year to curb inflation.Gold for December delivery was last seen down 0.9% to US$4,206.80 per ounce."For now, the yellow metal remains stuck in technical limbo, trading between key support at USD 4,000-4,100 and resistance from the 200-day moving average, currently near USD 4,466," Saxo Bank noted.The dollar edged up to the highest since May 2025. The ICE dollar index was last seen up 0.17 points to 101.02. Treasury yields were also higher, with the U.S. two-year note last seen yielding 4.236%, up 4.9 basis points, while the 10-year Treasury note yield was up 5.7 points to 4.517%.

$GCN6$GLD

Sectors50d ago

Sector Update: Financial Stocks Rise in Afternoon Trading

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.6%.The Philadelphia Housing Index was down 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 1.6%.Bitcoin (BTC-USD) was adding 0.8% to $64,585, and the yield for 10-year US Treasuries was rising 5.8 basis points to 4.509%.In corporate news, Morgan Stanley (MS) has identified two sites within the city of Dallas for a phased approach to establishing a large-scale operational hub, according to a city document. Morgan Stanley shares rose 1.8%.Lloyds (LYG) is preparing for a potential bid to buy Aldermore, which has been put up for sale by its parent company FirstRand Group, Sky News reported. Lloyds shares climbed 3.3%.Robinhood (HOOD) shares fell 1.3% after the company said it plans to offer $2 billion worth of convertible senior notes due 2029 in a private placement.

$HOOD$LYG$MS

Sectors50d ago

Sector Update: Energy Stocks Higher Monday Afternoon

Energy stocks were rising Monday afternoon, with the NYSE Energy Sector Index adding 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) advancing 0.9%.The Philadelphia Oil Service Sector Index slid 0.1%, and the Dow Jones US Utilities Index rose 1%.Oil prices fell after reports that Iran has agreed with the US to allow international nuclear inspectors back into the country. US Vice President JD Vance said Monday that Iran agreed to admit inspectors from the International Atomic Energy Agency in the country, according to media reports.Front-month West Texas Intermediate crude oil fell 3.1% to $73.48 a barrel, and the global benchmark Brent crude contract dropped 3.5% to $77.22 a barrel. Henry Hub natural gas futures advanced 0.8% to $3.30 per 1 million BTU.In corporate news, Chevron (CVX) has agreed to build a power plant in West Texas to supply electricity to a data center operated by Microsoft (MSFT) as part of a 20-year power purchase deal. Chevron shares rose 0.7%.BP (BP) and Eni's (E) joint venture Azule Energy approved the development of the Greater PAJ offshore oil project in Angola, Reuters reported, citing comments from company and government officials at a signing ceremony. BP and Eni shares added 1.5% and 1.3% respectively.American Resources (AREC) shares climbed 4% after the company said Monday the rare earth and critical mineral refining campus being built in Marion, Indiana, of its affiliated minority holding, ReElement Technologies, is expected to start commercial operations of its initial germanium production line in Q3.

$AREC$BP$CVX$E

Sectors50d ago

Sector Update: Tech Stocks Advance Monday Afternoon

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.7%.The Philadelphia Semiconductor index rose 1.4%.In corporate news, STMicroelectronics (STM) shares gained 2.2% after the company said it released a new 3-dimensional light detection and ranging module designed for AI applications on small computing devices.Alphabet's (GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Alphabet shares were down 5.7%.SpaceX (SPCX) has started its first offering of senior unsecured notes, the proceeds of which will be used to repay outstanding borrowings under its bridge loan facility and to pay related fees and expenses, the company said Monday in a regulatory filing. Separately, SpaceX has signed a roughly $6.3 billion computing power agreement with Reflection AI, CNBC reported. SpaceX shares were falling past 10%.

$GOOGL$SPCX$STM

Sectors50d ago

Sector Update: Consumer Stocks Decline in Afternoon Trading

Consumer stocks were lower Monday 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) falling 1.3%.In corporate news, Lucid (LCID) shares fell 5.2% after the company said Monday it plans to cut 18% of its workforce as part of a plan to streamline its structure and boost profitability.Walt Disney's (DIS) ABC broadcast network launched an on-air commercial campaign urging viewers to submit comments to the Federal Communications Commission as the agency reviews ABC's petition regarding "The View," its daily talk show. Disney shares were down 2.2%.Getty Images (GETY) said Sunday it has entered into a display agreement with OpenAI under which Getty content will be displayed within ChatGPT. Getty shares surged almost 105%.

$DIS$GETY$LCID

Sectors50d ago

Sector Update: Healthcare Stocks Rise Monday Afternoon

Healthcare stocks were higher Monday afternoon, with the NYSE Healthcare Index rising 1.4% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 1.2%.The iShares Biotechnology ETF (IBB) rose 1.9%.In corporate news, AbbVie (ABBV) has agreed to acquire Apogee Therapeutics (APGE) in an all-cash deal worth about $10.9 billion, as the drugmaker looks to boost its immunology portfolio and accelerate its clinical presence in the respiratory segment. AbbVie shares jumped past 7%, and Apogee surged 46%.Jaguar Health (JAGX) shares climbed up past 9% after the firm said Monday its board has started a process to explore strategic alternatives to maximize shareholder value.Definium Therapeutics (DFTX) shares soared 55% after the firm said the phase 3 Emerge trial of a single 100-microgram dose of DT120 orally disintegrating tablet in major depressive disorder met the primary endpoint, and all key secondary endpoints.

$ABBV$DFTX$JAGX

Sectors50d ago

Sector Update: Financial

$MS

Sectors51d ago

Sector Update: Tech

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) adding 0.04% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 1.7%.The Philadelphia Semiconductor index rose 1%.In corporate news, STMicroelectronics (STM) shares gained 1.9% after the company said it released a new 3-dimensional light detection and ranging module designed for AI applications on small computing devices.

$STM

Sectors51d ago

Trump Says Iran Will Agree to Weapons Inspections 'Long Into Future'

Sectors51d ago

Sector Update: Energy

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding 1.1%.The Philadelphia Oil Service Sector Index increased 0.2%, and the Dow Jones US Utilities Index rose 0.8%.Oil prices fell after reports that Iran has agreed with the US to allow international nuclear inspectors back into the country. US Vice President JD Vance said Monday that Iran agreed to admit inspectors from the International Atomic Energy Agency in the country, according to media reports.Front-month West Texas Intermediate crude oil fell 2.9% to $73.69 a barrel, and the global benchmark Brent crude contract dropped 3.4% to $77.86 a barrel. Henry Hub natural gas futures advanced 1.9% to $3.29 per 1 million BTU.In corporate news, Chevron (CVX) has agreed to build a power plant in West Texas to supply electricity to a data center operated by Microsoft (MSFT), as part of a 20-year power purchase deal. Chevron shares rose 0.9%.

$CVX

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