Financial News · Live Terminal

Page 64 of 104

Sector Update: Consumer

Consumer stocks were advancing premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.5% higher.Interface (TILE) shares were up more than 10% after the company posted higher fiscal Q1 adjusted earnings and net sales, and raised its fiscal 2026 outlook.

$TILE

Sectors47d ago

Sector Update: Tech

Technology stocks were higher premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) gaining 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.1%.Sony Group (SONY) stock was up more than 2% after the company posted higher fiscal Q4 sales.

$SONY

Sectors48d ago

Global Markets Mixed Ahead of U.S., Canadian Jobs Data as Tariff, Middle East Risks Swirl, Says Scotiabank

Global markets are "highly mixed" into the end of the week amid swirling developments on United States tariffs after a court voted against the introduction of 10% global tariffs, the conflict in the Middle East and ahead of dual jobs reports out of the U.S. and Canada, said Scotiabank.Oil is little changed after reversing early Thursday's dip because of signs that U.S.-Iran negotiations aren't going well, noted the bank. U.S. and Canadian equity futures are a little higher, but European cash markets are down by up to about 1%.The US dollar (USD) is generally softer but not by much, pointed out Scotiabank. Sovereign bond yields are mixed, with Gilts outperforming.Mexican markets will follow U.S. payrolls (NFP) and oil market developments after Banxico delivered the universally expected 25bps cut with a narrow 3-2 vote and signaled the end of the easing cycle late Thursday, added the bank.All of that could change "very shortly" as the NFP and Canada's Labour Force Survey (LFS) will be published at 8:30 a.m. ET and perhaps "multiple times" over Friday's market session, stated Scotiabank.

$CXY$USD

Sectors48d ago

Brent Crude Up 0.55% at US$110.60 and NY Crude Up 0.3% at US$95.10

$CLM6$LCON6$USO

Sectors48d ago

Crude Oil Prices Mostly Hold Onto Gains Amid Renewed Hostilities in Middle East

Crude oil prices stabilized after seeing gains due to renewed hostilities between the U.S. and Iran, sparking concerns about the ongoing ceasefire.Brent crude at last look was at US$99.89/barrel and West Texas Intermediate crude was at $94.34/barrel. This comes after the U.S. and Iran were reportedly nearing a peace deal to end the war, Reuters said in a Friday report."Price formation is no longer anchored in a pragmatic reading of the war's trajectory or the physical realities in the Strait of Hormuz," Reuters quoted Vandana Hari, founder of oil market analysis provider Vanda Insights, as saying.U.S. President Donald Trump said the ceasefire was still in effect despite the restart of fighting, according to the report."On the supply front, the picture remains tight," IG analyst Tony Sycamore was quoted as saying.

$CLX1$LCOX1$USO

Sectors48d ago

Sector Update: Energy Stocks Slide Late Afternoon

Energy stocks declined late Thursday afternoon, with the NYSE Energy Sector Index dropping 1.9% and the State Street Energy Select Sector SPDR ETF (XLE) falling 1.8%.The Philadelphia Oil Service Sector Index lost 2.5%, and the Dow Jones US Utilities Index shed 1.5%.In sector news, Iran has created a government agency to vet and tax vessels seeking passage through the Strait of Hormuz, the Associated Press reported, citing Lloyd's List Intelligence. Tehran is reviewing the latest US proposals for ending the war.West Texas Intermediate crude oil rose 1.5% to $96.53 a barrel, and global benchmark Brent gained 0.8% at $102.11 a barrel. Henry Hub natural gas futures rose 1.6% to $2.77 per 1 million BTU.US natural gas stocks rose 63 billion cubic feet in the week ended Friday, smaller than the 72 billion rise expected in a Bloomberg survey and following the gain of 79 billion in the previous week.In corporate news, BKV (BKV) shares fell 2.5% after it reported Q1 adjusted earnings Thursday of $0.22 per diluted share, down from $0.44 a year earlier. An analyst polled by FactSet expected $0.36.Cheniere Energy (LNG) shares dropped nearly 4% after the company reported a Q1 loss of $16.65 per diluted share, swinging from earnings of $1.57 a year earlier.Shell (SHEL) shares fell 3.5% after the company reported lower-than-expected Q1 revenue.Tenaris (TS) shares slumped 5.3% after the company said Q2 sales will be affected by lower shipments in the Middle East. Tenaris also named Gabriel Podskubka CEO.

$BKV$LNG$SHEL$TS

Sectors48d ago

Sector Update: Financial Stocks Fall Late Afternoon

Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index down 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.6%.The Philadelphia Housing Index dropped 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) declined 0.7%.Bitcoin (BTC-USD) fell 1.8% to $79,934, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.39%.In economic news, employers in the US announced 83,387 job cuts in April, up from 60,620 in March, Challenger, Gray & Christmas said Thursday.US consumer credit use jumped by $24.8 billion in March, compared with a $13.5 billion increase expected in a survey compiled by Bloomberg and following an $8.9 billion increase in the previous month.In corporate news, KKR (KKR) shares decreased 0.8% after Argus lowered the company's price target to $115 from $120.Blackstone (BX) and I Squared are considering making a bid for Stroeer that may value the German media group at 2.5 billion euros ($2.94 billion), Bloomberg reported. Blackstone shares were down 2%.Citigroup (C) Chief Executive Jane Fraser said Thursday at the bank's Investor Day that Citi expects its return on tangible common equity to hit a range of 11% to 13% in 2027 and 2028, up from 10% to 11% currently, before rising further to 14% to 15% from 2029 to 2031, according to a slide deck the company published. Citi shares rose 1.8%.JPMorgan Chase (JPM) and Citigroup were sued by China's HY Energy over alleged failure of funds transfer, Bloomberg reported. JPMorgan shares fell 2.6%.

$BX$C$JPM$KKR

Sectors48d ago

Sector Update: Consumer Stocks Edge Lower Late Afternoon

Consumer stocks were edging down late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each decreasing 0.1%.In corporate news, Tapestry (TPR) raised its fiscal 2026 outlook after delivering a Q3 beat, but provided a subdued Q4 sales guidance for its Kate Spade brand. Its shares dropped more than 13%.Shake Shack (SHAK) shares slumped 28% after the company's Q1 results missed Wall Street estimates.Planet Fitness (PLNT) shares tumbled 32% after the company tempered its full-year outlook amid fewer-than-expected member additions in Q1.McDonald's (MCD) reported better-than-expected Q1 results as comparable sales rebounded more than market estimates despite what the company described as a "challenging" environment. Its shares rose 0.3%.

$MCD$PLNT$SHAK$TPR

Sectors48d ago

Sector Update: Health Care Stocks Softer Late Afternoon

Health care stocks declined late Thursday afternoon, with the NYSE Health Care Index decreasing 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.7%.The iShares Biotechnology ETF (IBB) dropped 2.2%.In corporate news, Entrada Therapeutics (TRDA) shares tumbled 57% after its drug for children with Duchenne muscular dystrophy fell short of analyst expectations in an early-to-mid stage trial, Reuters reported Thursday.Iovance Biotherapeutics (IOVA) shares fell past 13% after the company's Q1 loss narrowed less than expected and revenue missed estimates.Harmony Biosciences (HRMY) shares dropped 5.5% after the company's Q1 earnings and revenue fell short of analysts' estimates.Catalyst Pharmaceuticals (CPRX) shares rose 2.1% after the company agreed to be acquired by Angelini Pharma in a deal with an equity value of about $4.1 billion. The company also said it has reached a settlement agreement with Hetero Labs to resolve patent litigation regarding a proposed generic version of Firdapse.

$CPRX$HRMY$IOVA$TRDA

Sectors48d ago

Sector Update: Tech Stocks Decline Late Afternoon

Tech stocks were lower late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2%.The Philadelphia Semiconductor index dropped 3%.In corporate news, Snap's (SNAP) Q1 loss narrowed more than market expectations, although the social media company saw persistent headwinds in its North America advertising business and recorded up to $25 million impact from the Middle East conflict. Its shares fell 1.9%.Nvidia (NVDA) has started discussions with Japan's SoftBank, which is looking for help with its plan to develop and produce homegrown AI servers, Nikkei Asia reported Thursday. Nvidia shares were up 2.2%.Meta Platforms (META) has asked a Los Angeles judge to throw out a jury verdict that found the company liable for a woman's depression in a case over whether social media platforms were designed to be addictive for young users, according to a filing. Meta shares were up 0.5%.Datadog (DDOG) raised its full-year outlook on Thursday after the software maker posted Q1 results that topped Wall Street expectations. Its shares climbed 30%.

$DDOG$META$NVDA$SNAP

Sectors48d ago

Sector Update: Energy

Energy stocks declined late Thursday afternoon with the NYSE Energy Sector Index dropping 1.9% and the State Street Energy Select Sector SPDR ETF (XLE) falling 1.8%.The Philadelphia Oil Service Sector Index lost 2.5%, and the Dow Jones US Utilities Index shed 1.5%.West Texas Intermediate crude oil rose 1.5% to $96.53 a barrel, and global benchmark Brent gained 0.8% at $102.11 a barrel. Henry Hub natural gas futures rose 1.6% to $2.77 per 1 million BTU.In corporate news, BKV (BKV) shares fell 2.5% after it reported Q1 adjusted earnings Thursday of $0.22 per diluted share, down from $0.44 a year earlier. An analyst polled by FactSet expected $0.36.

$BKV

Sectors48d ago

Sector Update: Financial

$KKR

Sectors48d ago

Sector Update: Consumer

Consumer stocks fell late Thursday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.2%.In corporate news, Tapestry (TPR) raised its fiscal 2026 outlook after delivering a Q3 beat, but provided a subdued Q4 sales guidance for its Kate Spade brand. Its shares dropped 12%.

$TPR

Sectors48d ago

Sector Update: Health Care

Health care stocks declined late Thursday afternoon, with the NYSE Health Care Index decreasing 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.4%.The iShares Biotechnology ETF (IBB) dropped 2.3%.In corporate news, Entrada Therapeutics (TRDA) shares tumbled nearly 58% after its drug for children with Duchenne muscular dystrophy fell short of analyst expectations in an early-to-mid stage trial, Reuters reported Thursday.

$TRDA

Sectors48d ago

Sector Update: Tech

$NVDA

Sectors48d ago

June WTI Crude Oil Contract Closes Down US$0.27; Settles at US$94.81 per Barrel

$CLM6$LCON6$USO

Sectors48d ago

Sector Update: Energy Stocks Lower Thursday Afternoon

Energy stocks declined Thursday afternoon with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each falling 1.7%.The Philadelphia Oil Service Sector Index dropped 1.9%, and the Dow Jones US Utilities Index shed 1.1%.In sector news, Iran has created a government agency to vet and tax vessels seeking passage through the Strait of Hormuz, the Associated Press reported, citing Lloyd's List Intelligence. Tehran is reviewing the latest US proposals for ending the war.West Texas Intermediate crude oil rose 1% to $96 a barrel, and global benchmark Brent gained 0.2% at $101.45 a barrel. Henry Hub natural gas futures rose 2.1% to $2.79 per 1 million BTU.US natural gas stocks rose 63 billion cubic feet in the week ended Friday, smaller than the 72 billion increase expected in a survey compiled by Bloomberg and following the gain of 79 billion in the previous week.In corporate news, Cheniere Energy (LNG) shares fell 5.2% after the company reported a Q1 loss of $16.65 per diluted share, swinging from earnings of $1.57 a year earlier.Shell (SHEL) shares fell 3.1% after the company reported lower-than-expected Q1 revenue.Tenaris (TS) shares dropped 5.3% after the company said Q2 sales will be affected by lower shipments in the Middle East. Tenaris named Gabriel Podskubka CEO.

$LNG$SHEL$TS

Sectors48d ago

Update: Gold Rises Again on Prospects the Iran War is Nearing an End

(Updates prices.)Gold rose for a third-straight session midafternoon Thursday on optimism a deal to end the war on Iran may be near, cutting into oil prices and pushing the dollar lower amid easing fears the supply shock around the war would boost inflation and force higher interest rates.Gold for June delivery was last seen up US$20.60 to US$4,714.00 per ounce, after rising by US$125,80 on Wednesday.The rise comes amid optimism the United States and Iran are closer to a peace deal. The Wall Street Journal reported the two countries are working with mediators to come up with a framework to resume negotiations, with talks in Pakistan beginning as soon as next week on a 14-point memorandum of understanding offered by the Trump Administration.Traders have been cautious about turning to gold as a safe haven during the economic turmoil that followed Iran's blockade of the Strait of Hormuz, blocking exports from Persian Gulf nations that supplied 20% of global oil demand. The high oil prices that followed the Feb. 28 start to the war has boosted inflation, heightening worries central banks will raise rates to slow demand, concerns eased by the prospect of talks that could bring an end to hostilities."Gold's reaction to ceasefire optimism yesterday reinforces our view that the underpinnings for gold remain intact and increases our conviction in our long-held call for gold to trade mostly in the $4500-5000/oz range this year," Christopher Louney, a gold and natural gas strategist at RBC Capital Markets, wrote.The dollar edged higher, with the ICE dollar index up 0.0 points to 98.11. Treasury yields rose, with the yield on the U.S. two-year note last seen up 4.9 basis points to 3.919%, while the 10-year note was paying 4.393%, up 4.2 points.

$GCM6$GLD

Sectors48d ago

Sector Update: Financial Stocks Fall Thursday Afternoon

Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index down 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding around 0.7%.The Philadelphia Housing Index dropped 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) declined 1%.Bitcoin (BTC-USD) fell 2% to $79,831, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.378%.In economic news, employers in the US announced 83,387 job cuts in April, up from 60,620 in March, Challenger, Gray & Christmas said Thursday.In corporate news, Blackstone (BX) and I Squared are considering making a bid for Stroeer that may value the German media group at 2.5 billion euros ($2.94 billion), Bloomberg reported. Blackstone shares were down 2%.Citigroup (C) Chief Executive Jane Fraser said Thursday at the bank's Investor Day that Citi expects its return on tangible common equity to hit a range of 11% to 13% in 2027 and 2028, up from 10% to 11% currently, before rising further to 14% to 15% from 2029 to 2031, according to a slide deck the company published. Citi shares rose 1.5%.JPMorgan Chase (JPM) and Citigroup (C) were sued by China's HY Energy over alleged failure of funds transfer, Bloomberg reported. JPMorgan shares fell 2.3%.

$BX$C$JPM

Sectors48d ago

Sector Update: Health Care Stocks Decline in Afternoon Trading

Health care stocks declined Thursday afternoon with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF (XLV) each shedding 0.7%.The iShares Biotechnology ETF (IBB) dropped 2.6%.In corporate news, Iovance Biotherapeutics (IOVA) shares fell past 13% after the company's Q1 loss narrowed less than expected and revenue missed estimates.Harmony Biosciences (HRMY) shares dropped 5% after the company's Q1 earnings and revenue fell short of analysts' estimates.Catalyst Pharmaceuticals (CPRX) shares rose 2.2% after the company agreed to be acquired by Angelini Pharma in a deal with an equity value of about $4.1 billion. The company also said it has reached a settlement agreement with Hetero Labs to resolve patent litigation regarding a proposed generic version of Firdapse.

$CPRX$HRMY$IOVA

Showing 1261-1280 of 2077