Financial News · Live Terminal

Page 9 of 209

Sector Update: Consumer Stocks Advance Premarket Wednesday

Consumer stocks were advancing premarket Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.1% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.2%.Trip.com Group (TCOM) shares were up more than 4% after the company posted higher Q2 adjusted earnings and net revenue.LuxExperience (LUXE) stock was up more than 15% after the company reported higher fiscal Q4 net sales.Starbucks (SBUX) is considering selling a majority stake in its Japan business in a deal that could value it at $3 billion, Reuters reported, citing people familiar with the matter. Starbucks shares were 0.2% higher pre-bell.

$LUXE$SBUX$TCOM$XLP$XLY

Sectors6d ago

Sector Update: Tech Stocks Rise Pre-Bell Wednesday

Technology stocks were rising pre-bell Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.6% and the iShares Semiconductor ETF (SOXX) 1.3% higher.SK Hynix (SKHY) is exploring a deal with Intel (INTC) to manufacture its memory chips in the US for the first time, Reuters reported, citing three unnamed people familiar with the discussions. However, SK Hynix said no deals have been finalized over a potential partnership with Intel to produce memory chips in the US. SK Hynix shares were up more than 2% and Intel stock was advancing by more than 3% premarket.Nokia (NOK) and C3IA signed a memorandum of understanding to support digital transformation across UK defense operations, the companies said. Nokia shares were up more than 5% pre-bell.CoreWeave (CRWV) signed a 15-year anchor lease with Blockfusion USA subsidiary North East Data for capacity at a data center site in Niagara Falls, New York, Blockfusion said. CoreWeave stock was up more than 2% premarket.

$CRWV$INTC$NOK$SKHY$SOXX$XLK

Sectors6d ago

Sector Update: Energy

Energy stocks were declining pre-bell Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 1.2% lower.The United States Oil Fund (USO) was down 1.8% and the United States Natural Gas Fund (UNG) was 0.7% higher.Front-month US West Texas Intermediate crude oil was 1.5% lower at $104.20 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1% to $107.65 per barrel, and natural gas futures were up 1.4% at $2.96 per 1 million British Thermal Units.Hafnia (HAFN) said it has agreed to acquire 4.5 million class A shares in TORM (TRMD) at $32.25 per share, representing about 4.4% of TORM's issued and outstanding share capital. Shares of TORM were nearly 3% higher premarket.

$HAFN$TRMD

Sectors6d ago

Sector Update: Financial

Financial stocks were advancing premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) marginally higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.3% lower.Huntington Bancshares (HBAN) revised its adjusted 2027 earnings-per-share target range to $1.75 to $1.83, reflecting lower-than-expected loan growth and net interest margins, the company said in a presentation. Huntington Bancshares stock was down more than 1% pre-bell.

$HBAN

Sectors6d ago

Sector Update: Healthcare

Healthcare stocks were edging higher pre-bell Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.2% and the iShares Biotechnology ETF (IBB) advancing by 0.9%.Twist Bioscience (TWST) stock was up more than 4% after the company said it has agreed to provide antibody characterization data services to Lilly TuneLab, an AI/ML drug discovery platform created by Eli Lilly (LLY).

$LLY$TWST

Sectors6d ago

Sector Update: Consumer

$TCOM

Sectors6d ago

Sector Update: Tech

Energy stocks were rising pre-bell Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.6% and the iShares Semiconductor ETF (SOXX) 1.5% higher.SK Hynix (SKHY) is exploring a deal with Intel (INTC) to manufacture its memory chips in the US for the first time, Reuters reported, citing three unnamed people familiar with the discussions. However, SK Hynix said no deals have been finalized over a potential partnership with Intel to produce memory chips in the US. SK Hynix and Intel stocks were both up more than 3% premarket.

$INTC$SKHY

Sectors6d ago

Commerzbank Says Oil Prices Decline From Highs, Treasuries Supported, US Equity Futures Tad Higher

Brent crude has come off its highs and is trading below $108 a barrel, according to a note from Commerzbank Research. Treasuries found stronger support in Asian trading on Wednesday, with 10-year yields falling below 5%.US Vice President JD Vance said the war with Iran could enter a new phase after the midterm elections in November if President Donald Trump decides not to escalate further, wrote Commerzbank.The US is considering a ban on diesel exports, added the bank.The United States and China are considering tariff cuts ahead of next week's meeting between President Trump and President Xi Jinping, said Commerzbank.US equity futures are moderately higher.In Europe, France would back Klaas Knot for European Central Bank president if a French candidate were appointed to the chief economist role, according to Reuters sources.France's central bank lowered its 2026 growth forecast to 0.4%, from 0.5% in June.German Prime Minister Friedrich Merz has cancelled his trip to the United Nations in New York and scheduled a CDU Presidium meeting for Sunday to discuss the disappointing regional election results and their implications, said Commerzbank.

$CXY

Sectors7d ago

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding 2%.The Philadelphia Oil Service Sector Index was rising 1.9%, and the Dow Jones US Utilities Index was down 0.9%.Front-month West Texas Intermediate crude oil jumped 4.2% to $105.67 a barrel, and the global benchmark Brent crude contract added 2.7% to $108.51 a barrel. Henry Hub natural gas futures increased 1% to $2.93 per 1 million BTU.Crude oil prices jumped as a Tehran-aligned militia group continues to pull Saudi Arabia into the Iran war. Yemen's Iran-aligned Houthis launched a new wave of attacks on Saudi Arabia and were digging into positions on the western coast of Yemen along the Red Sea, Yemeni officials said, as urgent deliberations took place in Riyadh over how to respond to their advance, according to a Reuters report.Iran's semi-official Fars news agency reported that the Iran Revolutionary Guards Corps has shot down another US-developed MQ-1 drone over Hormuz, Al Jazeera, a Middle Eastern broadcaster, said. This is the third such drone downed in the area on Tuesday, the report said, citing the IRGC.In corporate news, TXNM Energy (TXNM) and Blackstone's (BX) Blackstone Infrastructure have filed a motion with the New Mexico Public Regulation Commission seeking authorization to submit a revised version of their merger application, TXNM said Tuesday. The motion included a draft of the revised application that would provide $300 million in benefits for customers and communities as part of Blackstone's proposed acquisition of TXNM, according to a statement. TXNM shares were up 1%.An ExxonMobil (XOM) executive said disruptions and shortages of liquefied natural gas supplies from the Middle East are expected to be short-term, Reuters reported Tuesday. Andrew Barry, chairman of LNG market development at ExxonMobil, said at an industry event in Thailand that the company views the current disruptions as temporary, while underscoring the region's long-term importance, according to the report. ExxonMobil shares were up 2.3%.Borr Drilling (BORR) shares jumped nearly 6% after the company said it has agreed to divest its 51% interest in two oil-drilling Mexican joint ventures to its partner in Mexico.Shell (SHEL) has started production at its new grease manufacturing plant in Indonesia with a capacity of up to 12 kilotonnes per year, the company said Tuesday. Shell shares rose 2.6%

$BORR$SHEL$TXNM$XOM

Sectors7d ago

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were lower in late Tuesday afternoon trading, with the NYSE Financial Index decreasing 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.3%.The Philadelphia Housing Index was down 0.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was easing 0.1%.Bitcoin (BTC-USD) was falling 2.8% to $75,953, and the yield for 10-year US Treasuries rose 3.5 basis points to 4.996%.In economic news, the US Federal Reserve kicked off its two-day monetary policy meeting on Tuesday. Ahead of the rate decision on Wednesday, traders are now pricing in a 95% probability that the central bank will raise its target rate by 25 basis points, up from 33% a month ago, according to the CME FedWatch tool.In corporate news, Goldman Sachs' (GS) asset management alternatives unit has raised $11.7 billion across its newest private equity funds and other vehicles, Reuters reported, citing a statement and an interview with an executive. The fundraising included $9.6 billion for its West Street Capital Partners IX fund, $1.6 billion for its West Street Asia Equity Partners I, and $500 million for related vehicles, Reuters reported. Goldman shares fell 1.4%.Carlyle (CG) has joined a Massachusetts Institute of Technology research consortium for a two-year program examining how AI can be applied to portfolio management and investment decision making, Bloomberg reported. Carlyle shares were down 1.3%.Truist Financial (TFC) said Tuesday it agreed to sell $5.5 billion of auto loans representing substantially all the assets of its Regional Acceptance unit. The buyer is Apollo Global Management (APO), Bloomberg reported. Truist shares were up 0.7%, and Apollo was shedding 1.2%.Two Robinhood (HOOD) engineers were charged with commodities fraud and wire fraud, US Attorney for the Southern District of New York Jamie McDonald and FBI New York Field Office Assistant Director James Barnacle, Jr. said Tuesday. The two engineers, Hefu Chai and Huaisong Xiang, allegedly participated in a scheme to misappropriate confidential business information from Robinhood to trade perpetual futures on a decentralized derivatives exchange, the officials said. Robinhood shares were down 4%.

$APO$CG$GS$HOOD$TFC

Sectors7d ago

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.2%.The Philadelphia Semiconductor index was up 0.3%.In corporate news, Amazon's (AMZN) Amazon Web Services said Tuesday it is unable to restore access to data at some sites in the Middle East due to the ongoing conflict in the region. Amazon shares were down 2.4%.Axon Enterprise (AXON) shares fell nearly 10% after the company said it plans to offer $1 billion of 0% convertible senior notes due 2031 in a registered public offering.Waystar (WAY) is seeking options including a potential sale, Reuters reported. The healthcare software company has hired Evercore (EVR) to advise on the process, the report said. Waystar shares jumped 7.4%.Meta Platforms (META) is planning to start deploying a new in-house AI chip in data centers in H1 2027, a step expected to reduce costs and energy use, Bloomberg reported, citing an interview with Yee Jiun Song, vice president of engineering. Meta shares added 0.6%.

$AMZN$AXON$META$WAY

Sectors7d ago

Sector Update: Healthcare Stocks Ease Late Afternoon

Healthcare stocks were edging lower late Tuesday afternoon, with the NYSE Healthcare Index and the State Street Health Care Select Sector SPDR ETF (XLV) each easing about 0.2%.The iShares Biotechnology ETF (IBB) was shedding 1.5%.In corporate news, Contineum Therapeutics (CTNM) shares were down past 6% after the company said late Monday a phase 2 trial of JNJ-5120/PIPE-307 to treat major depressive disorder did not meet its primary efficacy endpoint.GSK (GSK) agreed to acquire global rights to an experimental T-cell engager therapy for multiple myeloma from Chinese biotechnology company Chimagen Biosciences in a deal worth up to $750 million, as the UK drugmaker aims to strengthen its blood cancer treatment portfolio. GSK shares were flat.Gilead Sciences (GILD) said Tuesday it entered into an agreement with the Pan American Health Organization to expand access to twice-yearly lenacapavir as pre-exposure prophylaxis for HIV prevention. Gilead shares added 0.1%.Ascendis Pharma (ASND) said it will regain exclusive rights to certain drug treatments for metabolic and cardiovascular diseases, including obesity, having terminated a 2024 collaboration deal with Novo Nordisk (NVO). Ascendis shares fell 10%, and Novo was down 2.3%.

$ASND$CTNM$GILD$GSK$NVO

Sectors7d ago

Sector Update: Consumer Stocks Fall Late Afternoon

Consumer stocks fell late Tuesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining 1.8%.Redbook US same-store sales rose by 8.5% from a year earlier in the week ended Sept. 12 after an 8.3% year-over-year increase in the previous week. Redbook noted inconsistent sales as the back-to-school season transitioned into the fall shopping period, with some companies using AI technology to increase demand for back-to-school sales.In corporate news, Coca-Cola (KO) plans to invest $10 billion in US infrastructure from 2026 through 2030, including new and expanded production, distribution and office facilities, the company said Tuesday. The Coca-Cola system contributed $85 billion to the US economy in 2025 and supports nearly 1 million jobs, the company said. Its shares were down 0.2%.DoorDash (DASH) and food technology platform Wonder said Tuesday they are launching a strategic partnership. Under the agreement, DoorDash will buy Wonder's Grubhub Campus Dining business for $300 million and has made a $125 million investment in Wonder as part of the company's Series D round, the companies said. DoorDash shares were down 2.4%.General Motors (GM) is launching a new user interface for its pickup trucks featuring the latest versions of Apple (AAPL) CarPlay and Android Auto and plans to deliver additional system enhancements via wireless software updates. GM shares fell 2.4%.Grab (GRAB) has agreed to buy a majority stake in the digital financial services platform of Singapore-based Advance Intelligence as the ride-hailing and delivery company looks to bolster its consumer lending business across Southeast Asia. Grab will purchase a 60% interest in buy-now, pay-later platform Atome Financial for $1.49 billion in cash, of which $260 million is "primary growth capital," it said Tuesday. Grab shares fell 3.6%.

$DASH$GM$GRAB$KO

Sectors7d ago

Sector Update: Energy

$TXNM

Sectors7d ago

Sector Update: Financial

$CG

Sectors7d ago

Sector Update: Tech

$AMZN

Sectors7d ago

Sector Update: Consumer

Consumer stocks fell late Tuesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining 1.8%.In corporate news, DoorDash (DASH) and food technology platform Wonder said Tuesday they are launching a strategic partnership. Under the agreement, DoorDash will buy Wonder's Grubhub Campus Dining business for $300 million and has made a $125 million investment in Wonder as part of the company's Series D round, the companies said. DoorDash shares were down 2.3%.

$DASH

Sectors7d ago

Sector Update: Healthcare

Healthcare stocks were edging down late Tuesday afternoon, with the NYSE Healthcare Index easing 0.1% and the State Street Health Care Select Sector SPDR ETF (XLV) down 0.2%.The iShares Biotechnology ETF (IBB) was shedding 1.5%.In corporate news, Contineum Therapeutics (CTNM) shares were down past 8% in Tuesday trading, a day after the company said a phase 2 trial of JNJ-5120/PIPE-307 to treat major depressive disorder did not meet its primary efficacy endpoint.

$CTNM

Sectors7d ago

October WTI Crude Oil Contract Closes Up $4.44, or 4.4%; Settles at $105.83 per Barrel. November Brent Oil Was Last Seen Up $3.07, or 2.9%, to $108.75

$CLV6$LCOX6$USO

Sectors7d ago

Sector Update: Financial Stocks Decline Tuesday Afternoon

Financial stocks were lower in Tuesday afternoon trading, with the NYSE Financial Index decreasing 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.8%.The Philadelphia Housing Index was down 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was declining 0.5%.Bitcoin (BTC-USD) was falling 2.5% to $76,257, and the yield for 10-year US Treasuries rose 4 basis points to 5.00%.In economic news, the US Federal Reserve kicked off its two-day monetary policy meeting on Tuesday. Ahead of the rate decision on Wednesday, traders are now pricing in a 93% probability that the central bank will raise its target rate by 25 basis points, up from 33% a month ago, according to the CME FedWatch tool.In corporate news, Truist Financial (TFC) said Tuesday it agreed to sell $5.5 billion of auto loans representing substantially all the assets of its Regional Acceptance unit. The buyer is Apollo Global Management (APO), Bloomberg reported. Truist shares were up 1.2%, and Apollo was shedding 0.8%.Two Robinhood (HOOD) engineers were charged with commodities fraud and wire fraud, US Attorney for the Southern District of New York Jamie McDonald and FBI New York Field Office Assistant Director James Barnacle, Jr. said Tuesday. The two engineers, Hefu Chai and Huaisong Xiang, allegedly participated in a scheme to misappropriate confidential business information from Robinhood to trade perpetual futures on a decentralized derivatives exchange, the officials said. Shares were down 3.5%.Brookfield (BN) is gearing up for a recapitalization of UK resort operator Center Parcs that would value it at around $6 billion, Bloomberg reported. Brookfield shares were down 1%.

$APO$BN$HOOD$TFC

Showing 161-180 of 4176

Sectors7d ago

Sector Update: Energy Stocks Gain Late Afternoon

$BORR$SHEL$TXNM$XOM