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Sector Update: Tech Stocks Gain Tuesday Afternoon

Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) adding 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) popping 4.9%.The Philadelphia Semiconductor index climbed 4.5%.In corporate news, Hewlett Packard Enterprise (HPE) shares jumped past 16% after the company reported fiscal Q2 earnings ahead of analysts' forecasts.Marvell Technology (MRVL) shares surged 29% after multiple news outlets reported that Nvidia (NVDA) Chief Executive Jensen Huang called the chipmaker the next "trillion-dollar company."Alphabet (GOOG, GOOGL) said Monday it plans to raise $80 billion in equity to help fund investments in AI compute infrastructure, including a $10 billion private placement to Berkshire Hathaway (BRK.A, BRK.B), split evenly between class A common stock at $351.81 per share and class C capital stock at $348.20 per share. Alphabet's Class A and Class C shares were each down 2.3%.

$GOOG$GOOGL$HPE$MRVL

Sectors69d ago

Sector Update: Financial

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.1%.The Philadelphia Housing Index was adding 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.Bitcoin (BTC-USD) was dropping 5.2% to $67,610, and the yield for 10-year US Treasuries was decreasing 1.6 basis points to 4.459%.In corporate news, SpaceX is in talks with the Wall Street bankers handling its IPO to pay less than 0.75% for the $75 billion it expects to raise from the IPO, Bloomberg reported. Even at that low spread, the banks, including Goldman Sachs (GS) and Morgan Stanley (MS), are expected to earn about $500 million from the offering, the report said. Goldman shares were up 1.9%, and Morgan Stanley climbed 2.5%.

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Sectors69d ago

Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index was climbing 2.4%, and the Dow Jones US Utilities Index was up 2%.Front-month West Texas Intermediate crude oil was rising 1% to $93.12 a barrel, and the global benchmark Brent crude contract was advancing 0.7% to $95.64 a barrel. Henry Hub natural gas futures decreased 0.9% to $3.15 per 1 million BTU.In corporate news, Hallador Energy (HNRG) shares rose 1.5%. The company said late Monday it has agreed to acquire about 460 megawatts of Siemens gas turbines, generators and related equipment from Energy World for $350 million to back development of Hallador's Merom natural gas-fired combustion turbine project.

$HNRG

Sectors69d ago

Sector Update: Healthcare

Healthcare stocks declined Tuesday afternoon, with the NYSE Healthcare Index and the State Street Health Care Select Sector SPDR ETF (XLV) each falling 1.1%.The iShares Biotechnology ETF (IBB) dropped 3.1%.In corporate news, Abivax (ABVX) faces an increasing risk of black box warning for obefazimod due to malignancies reported from a recent trial, Wedbush Securities said in a note. Abivax shares fell 44%.

$ABVX

Sectors69d ago

Sector Update: Consumer

Consumer stocks were lower Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.4%.In corporate news, Dollar General (DG) raised its full-year earnings outlook on Tuesday, while the discount retailer's fiscal Q1 bottom line topped estimates but revenue missed expectations. Its shares were down 1.4%.

$DG

Sectors69d ago

Sector Update: Tech

Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) adding 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 4.8%.The Philadelphia Semiconductor index climbed 4.7%.In corporate news, Hewlett Packard Enterprise (HPE) shares jumped past 16% after the company reported fiscal Q2 earnings ahead of analysts' forecasts.

$HPE

Sectors69d ago

Natural Gas Prices Fall Again Even as Forecasts See Hot Weather Coming for Most States

Natural gas prices weakened for a second day on Tuesday even as forecasts see hot weather on the way for most states, boosting cooling demand.Gas for July delivery was last seen down US$0.06 to US$3.12 per million British thermal units, continuing to ease off the four-month highs touched last week.The drop comes even as long-term forecasts from the National Weather Service expect nearly all states to be warmer than seasonal over its six to 14 day outlook, raising demand for gas-fired power for air conditioning.Still, the price of the fuel looks to be now trading within technical ranges following last week's rally."There is fundamental support for Jul/Aug gas at about $3.15 so look for the market to remain in the $3.10 to $3.20 range with some upside risk should we see more heat develop for the second half of June," Gary Cunningham, Director of Market Research at Tradition Energy, wrote.

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Sectors69d ago

Sector Update: Energy Stocks Decline Premarket Tuesday

Energy stocks were declining premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) down 0.3%.The United States Oil Fund (USO) was down 1.1% and the United States Natural Gas Fund (UNG) was 1.9% lower.Front-month US West Texas Intermediate crude oil was 0.9% lower at $91.30 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.7% to $94.28 per barrel, and natural gas futures were down 1.8% at $3.12 per 1 million British Thermal Units.BP (BP) has asked senior independent director Amanda Blanc to lead the search for the company's next chair despite concerns from some investors and city figures following the departure of former chairperson Albert Manifold, the Financial Times reported. Shares of BP were down more than 1% pre-bell.BW LPG (BWLP) shares were up 0.7% after the company reported higher Q1 earnings.Bloom Energy (BE) doesn't currently see a need to raise capital through share sales despite surging demand for its fuel-cell technology from AI data centers, Bloomberg News reported, citing Chief Executive K. R. Sridhar. Bloom Energy stock was up more than 3% premarket.

$BE$BP$BWLP$UNG$USO$XLE

Sectors69d ago

Gold Trading Higher Following Reports Peace Negotiations Between Iran and the U.S. are Continuing

Gold rose early Tuesday as the dollar weakened following reports Iran is reviewing a fresh U.S. offer to end their war and reopen the Strait of Hormuz.Gold for July delivery was last seen up $55.90 to US$4,562.20 per ounce.The rise comes as Reuters on Tuesday, in citing Iranian media, reported Iran is considering a fresh U.S. proposal to end the war and reopen the critical Strait of Hormuz, while U.S. President Trump said on Monday talks were continuing. This is a day after the two sides traded strikes and Iran was said it would not continue talks as long as Israel continued to attack its Hezbollah allies in Lebanon.Hope for an end to the war is lowering oil prices and easing fears over the rise in inflation that has followed the closure of the Strait since the war began on Feb. 28, blocking the exports from Persian Gulf nations that supplied a fifth of daily oil demand. Traders have turned away from gold as a store of value amid the inflation worries, preferring the dollar as a hedge should central banks raise interest rates to slow rising prices."Gold continues to take its cues from the oil market given crude's influence on inflation expectations and, by extension, interest rates, bond yields and the dollar," Saxo Bank noted.The dollar fell early, with the ICE dollar index last seen down 0.13 points to 99.07. Treasury yields were steady, with the U.S. two-year note last seen paying 4.037%, up 0.4 basis points, while the yield on the 10-year note was down 0.9 points to 4.444%.

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Sectors69d ago

Sector Update: Healthcare Stocks Down Premarket Tuesday

Healthcare stocks were lower premarket Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.1% and the iShares Biotechnology ETF (IBB) easing 0.3%.Hims & Hers Health (HIMS) stock was up more than 2% after the company said it has completed its acquisition of Eucalyptus, expanding its consumer health platform across Australia, Canada, Germany, and other international markets.Heron Therapeutics (HRTX) shares were down 18% after the company said the US District Court for the District of Delaware has ruled that claims in two of its Cinvanti injectable emulsion patents are invalid.Telix Pharmaceuticals (TLX) and United Imaging Healthcare North America signed a memorandum of understanding for a research collaboration in the US focused on integrated theranostics solutions. Telix Pharmaceuticals stock was down more than 2% pre-bell.

$HIMS$HRTX$IBB$TLX$XLV

Sectors69d ago

Sector Update: Financial Stocks Lean Lower Pre-Bell Tuesday

Financial stocks were leaning lower pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.7% higher.UP Fintech Holding (TIGR) stock was down more than 2% after the company said it swung to a Q1 non-GAAP loss.BlackRock (BLK) is set to acquire a 15% stake in Japanese taxi-hailing app Go as part of the company's planned initial public offering, Nikkei Asia reported, citing sources and securities filing details. BlackRock shares were 0.5% lower premarket.UBS (UBS) is set to raise at least $500 million in Additional Tier 1 bonds denominated in US dollars, Bloomberg reported, citing a person familiar with the matter. UBS shares were 0.4% higher pre-bell.

$BLK$FAS$FAZ$TIGR$UBS$XLF

Sectors69d ago

Sector Update: Tech Stocks Advance Premarket Tuesday

Technology stocks were advancing premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.2% lower and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 3%.Marvell Technology (MRVL) shares were up more than 16% after multiple news outlets reported that Nvidia (NVDA) chief executive officer Jensen Huang called the chipmaker the next "trillion-dollar company."Hewlett Packard Enterprise (HPE) stock was up more than 27% after the company reported higher fiscal Q2 adjusted earnings and revenue, and raised its fiscal 2026 outlook.STMicroelectronics (STM) shares were up more than 9% after the company said it now expects to generate data center revenue of $1 billion this year, compared with its previous guidance of "nicely above $500 million."

$HPE$MRVL$STM$XLK$XSD

Sectors69d ago

Sector Update: Consumer Stocks Decline Pre-Bell Tuesday

Consumer stocks were declining pre-bell Tuesday, 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) down 0.5%.Dollar General (DG) stock was up more than 4% after the company reported higher fiscal Q1 earnings and net sales.Signet Jewelers (SIG) shares were up more than 4% after the company posted higher fiscal Q1 adjusted earnings and sales, and raised its fiscal 2027 adjusted EPS outlook.Oddity Tech (ODD) shares were down more than 23% after the company said it swung to a Q1 adjusted loss, as net revenue fell during the period, and projected up to a 30% decline in Q2 net revenue.

$DG$ODD$SIG$XLP$XLY

Sectors69d ago

Sector Update Energy

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Sectors69d ago

Sector Update: Financial

$TIGR

Sectors69d ago

Sector Update: Healthcare

Healthcare stocks were steady premarket Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) slightly advancing and the iShares Biotechnology ETF (IBB) inactive.Hims & Hers Health (HIMS) stock was up more than 3% after the company said it has completed its acquisition of Eucalyptus, expanding its consumer health platform across Australia, Canada, Germany, and other international markets.

$HIMS

Sectors69d ago

Sector Update: Consumer

$DG

Sectors69d ago

Sector Update: Tech

Technology stocks were advancing premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.1% higher and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 3%.Marvell Technology (MRVL) shares were up more than 18% after multiple news outlets reported that Nvidia (NVDA) chief executive officer Jensen Huang called the chipmaker the next "trillion-dollar company."

$MRVL$NVDA

Sectors69d ago

Oil Falls on Reports Iran is Considering a Fresh U.S. Peace Offer

Oil prices fell early Tuesday following reports Iran is considering a new U.S. peace deal to end the war, a day after prices surged after the two sides appeared to be on the brink of resuming hostilities.West Texas Intermediate crude oil for July delivery was last seen down $1.23 to US$90.93 per barrel, while August Brent oil was down $1.30 to US$93.68.Prices surged 5.5% on Monday after the United States and Iran traded strikes while Iran said it was refusing to continue talks on a peace deal as long as Israel continued its attacks on Iran-backed Hezbollah militants in Lebanon. However Reuters on Tuesday reported Iran is considering a fresh U.S. proposal to end the war and reopen the critical Strait of Hormuz, citing Iranian media, while U.S. President Trump said on Monday talks were continuing."Crude oil continues to trade from one headline to the next, making it increasingly difficult for traders to maintain conviction beyond a few hours. On Monday, prices posted their biggest one-day gain in a month after rebounding from a six-week low when Iranian officials reportedly halted negotiations with the US in protest over Israel's expanded military operations in Lebanon. President Trump later sought to calm markets by insisting talks remained ongoing and that he had spoken with Israeli Prime Minister Netanyahu, although the two sides offered differing accounts of the conversation. Beneath the headline-driven volatility, global energy markets continue to tighten," Saxo Bank noted.Toril Bosoni, the head of the International Energy Agency's oil industry and markets division, on Tuesday said global oil inventories could fall to critical levels as summer demand rises while stocks fall with the the Middle East war keeping 14-million barrels per day of Persian Gulf supply off the market with the Strait of Hormuz blocked, Bloomberg reported.The IEA official said the agency expects reopening the key Strait will likely take at least six months to fully restore Persian Gulf exports once a peace deal is reached, forcing higher prices to prompt demand destruction as importing countries hunt for supply.

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Sectors70d ago

NY Crude Down 0.9% at US$91.30 and Brent Crude Down 1% at US$94

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Sectors69d ago

Oil Falls on Reports Iran is Considering a Fresh U.S. Peace Offer

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