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Sector Update: Tech Stocks Higher Pre-Bell Friday

Technology stocks were higher pre-bell Friday, with the State Street Technology Select Sector SPDR ETF (XLK) gaining 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 2% higher.Microsoft (MSFT) shares were up 1.6% in premarket activity. Microsoft Italy and Expert.ai said they have entered into a collaboration to accelerate the adoption of artificial intelligence for enterprise use cases.Uber Technologies (UBER) shares were up 1.8% prebell. Prosus said Uber is acquiring roughly 13.6 million ordinary shares of Delivery Hero from Prosus, representing about 4.5% stake.Adobe (ADBE) stock was up 2.6% before the bell, adding to the 1.4% gain at the previous close. UBS lowered its price target to $260 from $290, while maintaining a neutral rating.

$ADBE$MSFT$UBER$XLK$XSD

Sectors67d ago

Iran Reopens the Strait of Hormuz to Commercial Traffic According to Reports; Oil Prices Down 6%

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Sectors67d ago

Sector Update: Energy

Energy stocks were lower premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) declining 0.9%.The United States Oil Fund (USO) was down 3.8%, while the United States Natural Gas Fund (UNG) was 0.1% higher.Front-month US West Texas Intermediate crude oil was down 3.7% to $91.19 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 3.1% to $96.27 per barrel, and natural gas futures were 1.4% higher at $2.69 per 1 million British Thermal Units.Shell (SHEL) shares fell 1.6% premarket after gaining 1.9% in the previous close. BNP Paribas downgraded the company to neutral from outperform, and lifted its price target to $101 from $81.

$SHEL

Sectors67d ago

Sector Update: Financial

Financial stocks were mostly higher pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) gained by 1%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1% lower.Ally Financial (ALLY) shares rose over 3% premarket after the company reported higher Q1 adjusted earnings and revenue.

$ALLY$FAS$FAZ$XLF

Sectors67d ago

Sector Update: Health Care

Health care stocks were higher before Friday's opening bell, with the State Street Health Care Select Sector SPDR ETF (XLV) gaining by 0.5% and the iShares Biotechnology ETF (IBB) advancing 0.2%.Trevi Therapeutics (TRVI) shares were down more than 7% before market open. The company said late Thursday it priced its public offering of 11.6 million common shares at $13 each for about $150 million in gross proceeds.

$TRVI

Sectors67d ago

Sector Update: Consumer

Consumer stocks were higher premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing 0.03% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gaining 0.4%.Autoliv (ALV) stock rose more than 10% pre-bell after the company reported higher-than-expected Q1 adjusted earnings and revenue.

$ALV

Sectors67d ago

Sector Update: Tech

Technology stocks were higher pre-bell Friday, with the State Street Technology Select Sector SPDR ETF (XLK) gaining 1% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.4% higher.Microsoft (MSFT) shares were up more than 1% in premarket activity. Microsoft Italy and Expert.ai said they have entered into a collaboration to accelerate the adoption of artificial intelligence for enterprise use cases.

$MSFT$XLK$XSD

Sectors67d ago

U.S. Natural Gas Prices Fall in Week Ended April 15 Amid Warmer Temperatures, EIA Reports

The U.S. benchmark Henry Hub natural gas spot price fell US$0.05 to $2.75/million British thermal units in the week ended April 15, the U.S. Energy Information Administration said in its Weekly Natural Gas Storage Report Supplement released Thursday.The price last Friday of $2.65/MMBtu was the lowest since June 2025, the EIA noted.U.S. natural gas demand dropped 6.8 billion cubic feet per day week over week, the agency said, citing LSEG Data. The decrease was mainly driven by a 31% reduction in demand from the residential and commercial sector.U.S. natural gas supply also decreased, primarily due to a 1% drop in dry production, according to the agency. On balance, average demand fell more than supply, contributing to lower spot natural gas prices.Temperatures were warmer across the U.S. during the report week, and the relatively comfortable conditions are reducing natural gas demand for heating and cooling, the EIA said.Also, net injections into storage amounted to 59 Bcf in the week ended April 10, resulting in total working gas stocks of 1,970 Bcf, the EIA reported. This was 108 Bcf more than the five-year average and 126 Bcf more than the year-ago period.The liquefied natural gas-carrying capacity of vessels departing U.S. ports was 133 Bcf in the week ended April 15, down 7 Bcf week over week. Thirty-five LNG vessels left the U.S., down two vessels from the previous week, the EIA said.

$NGV1$UNG$UNL

Sectors67d ago

Crude Oil Prices Drop After Lebanon-Israel Ceasefire, Potential U.S.-Iran Talks

Crude oil prices declined on Friday following news of a 10-day ceasefire between Lebanon and Israel, as markets also eyed a possible end to the war between the United States and Iran.Brent crude at last look was down 3.3% to US$96.10/barrel and NY crude had fallen 4.1% to $90.75/barrel.Trump said Tehran had offered not to possess nuclear weapons for more than 20 years, according to the Reuters report. "We're going to see what happens. But I think we're very close to making a deal with Iran," Trump said on Thursday.U.S. and Iranian negotiators have scaled back expectations for a comprehensive peace deal and are instead considering a temporary memorandum to prevent a return to conflict, Reuters reported, citing two Iranian sources.

$CLX1$LCOX1$USO

Sectors67d ago

Brent Crude Down 3.3% at US$96.10 and NY Crude Down 4.1% at US$90.75

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Sectors68d ago

Sector Update: Energy Stocks Advance Late Afternoon

Energy stocks rose late Thursday afternoon, with the NYSE Energy Sector Index climbing 1.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index increased 0.4%, and the Dow Jones US Utilities Index was up 0.6%.In sector news, it will take about six months for the US and Iran to reach a peace deal, and the two sides should extend their ceasefire to cover that period, Bloomberg reported Thursday, citing Gulf Arab and European officials familiar with the matter.West Texas Intermediate crude oil rose 2.4% to $93.46 a barrel, and global benchmark Brent gained 3.4% to $98.19 a barrel. Henry Hub natural gas futures rose 2.2% to $2.67 per 1 million BTU.US natural gas stocks rose by 59 billion cubic feet in the week ended Friday, as expected in a survey compiled by Bloomberg, and following an increase of 50 billion in the previous week.In corporate news, TotalEnergies (TTE) shares climbed 4.3% after the company said Q1 exploration and production results are expected to rise significantly, backed by higher oil prices and contributions from new projects.Equinor (EQNR) said it expects stronger Q1 results in its marketing, midstream, and processing division. The stock rose 4%.Energy Fuels (UUUU) appointed President Ross Bhappu as CEO on Wednesday, succeeding Mark Chalmers, who is retiring from the top job. Energy Fuels shares shed 0.5%.York Water (YORW) shares fell 2.7% after it said Thursday it priced an underwritten public offering of about 1.5 million common shares at $28.50 per share, for estimated gross proceeds of about $43 million.

$EQNR$TTE$UUUU$YORW

Sectors68d ago

Sector Update: Health Care Stocks Decline Late Afternoon

Health care stocks were softer late Thursday afternoon, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF (XLV) each decreasing 0.7%.The iShares Biotechnology ETF (IBB) dropped 1.3%.In corporate news, Abbott Laboratories (ABT) lowered its full-year earnings outlook on Thursday to reflect the acquisition of cancer diagnostics company Exact Sciences, while the healthcare firm reported Q1 results above market estimates. Its shares fell past 5%.Gilead Sciences (GILD) could beat Q1 consensus estimates, but weaker-than-expected persistence rates for Yeztugo point to a potential risk to long-term peak sales for the HIV pre-exposure prophylaxis drug, RBC Capital Markets said in a note. Gilead shares were down 0.8%.QuidelOrtho (QDEL) shares tumbled 28%. The company said late Wednesday it expects preliminary unaudited revenue of $615 million to $620 million for Q1. Analysts polled by FactSet expect $677.8 million.Hims & Hers Health (HIMS) shares jumped past 12% after a senior US health official signaled plans to ease restrictions on certain peptides.

$ABT$GILD$HIMS$QDEL

Sectors68d ago

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Thursday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 0.6%.In corporate news, Ford's (F) reorganization announced late Wednesday "makes sense," though the departure of Doug Field, the EV chief, risks unsettling investors, UBS Securities said. Ford shares dropped 1.8%.PepsiCo (PEP) reported higher-than-expected fiscal Q1 results amid affordability initiatives, while the company reiterated its full-year outlook. The shares rose 1.9%.Walmart (WMT) said it is making a "significant" investment across the US this year for remodels and opening new stores. Walmart shares were little changed.Tesla's (TSLA) Cybertruck sales were boosted by purchases from Elon Musk's other companies, Bloomberg reported, citing S&P Global Mobility registration data. Tesla shares declined 0.6%.

$F$PEP$TSLA$WMT

Sectors68d ago

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.4%.The Philadelphia Semiconductor index increased 0.8%.In corporate news, a White House official told Cabinet department officials that the Office of Management and Budget is setting up protections that will allow federal agencies to begin using Amazon-backed (AMZN) Anthropic's new AI model Mythos, Bloomberg reported, citing an email from OMB Chief Information Officer Gregory Barbaccia. Amazon shares were up 0.2%.Oracle (ORCL) said Thursday it plans to expand its multi-cloud networking capabilities to provide connectivity between Oracle Cloud Infrastructure and Amazon's (AMZN) Amazon Web Services. Oracle shares gained 5.1%.IBM (IBM) will likely exceed Wall Street's estimates for Q1 and raise its revenue guide amid momentum in the software segment and an earlier completion of the Confluent acquisition, Oppenheimer said in a note Thursday. IBM shares climbed 2.2%.Meta Platforms (META) said it will raise its prices for Meta Quest 3 and Meta Quest 3S headsets, starting April 19, to offset the rising costs of hardware components. Meta shares rose 0.6%.

$AMZN$IBM$META$ORCL

Sectors68d ago

Sector Update: Energy

Energy stocks advanced late Thursday afternoon with the NYSE Energy Sector Index rising 1.9% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index increased 0.6%, and the Dow Jones US Utilities Index was up 0.4%.West Texas Intermediate crude oil rose 2.5% to $93.60 a barrel, and global benchmark Brent gained 3.7% to $98.43 a barrel. Henry Hub natural gas futures rose 2.1% to $2.66 per 1 million BTU.In corporate news, York Water (YORW) shares fell 2.9% after it said Thursday it priced an underwritten public offering of about 1.5 million common shares at $28.50 per share, for estimated gross proceeds of about $43 million.

$YORW

Sectors68d ago

Sector Update: Financial

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each easing 0.1%.The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was adding 0.8%.Bitcoin (BTC-USD) was increasing 0.4% to $75,140, and the yield for 10-year US Treasuries rose 2.7 basis points to 4.309%.In corporate news, Marsh & McLennan (MRSH) shares climbed 4.4% after it reported Q1 adjusted net income and revenue that surpassed analysts' consensus.

$MRSH

Sectors68d ago

Sector Update: Health Care

Health care stocks declined late Thursday afternoon, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF (XLV) each decreasing 0.7%.The iShares Biotechnology ETF (IBB) dropped 1.4%.In corporate news, Gilead Sciences (GILD) could beat Q1 consensus estimates, but weaker-than-expected persistence rates for Yeztugo point to a potential risk to long-term peak sales for the HIV pre-exposure prophylaxis drug, RBC Capital Markets said in a note. Gilead shares were down 0.9%.

$GILD

Sectors68d ago

Sector Update: Consumer

Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.6%.In corporate news, Ford's (F) reorganization announced late Wednesday "makes sense," though the departure of electric vehicle chief, Doug Field, risks unsettling investors, UBS Securities said in a note. Ford merged its electric vehicle, digital and design team with the global industrial system into a new organization, to be led by Chief Operating Officer Kumar Galhotra. As part of the reshuffle, Chief EV, Digital and Design Officer Field will leave the company. Ford shares were down 1.8%.

Sectors68d ago

Sector Update: Tech

Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising nearly 1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.4%.The Philadelphia Semiconductor index increased 0.8%.In corporate news, a White House official told Cabinet department officials that the Office of Management and Budget is setting up protections that will allow federal agencies to begin using Amazon-backed (AMZN) Anthropic's new AI model Mythos, Bloomberg reported, citing an email from OMB Chief Information Officer Gregory Barbaccia it reviewed. Amazon shares were fractionally higher.

$AMZN

Sectors68d ago

Update: WTI Oil Moves Higher, But Remains Under US$100 on Hopes For Talks Between the U.S. and Iran

West Texas Intermediate (WTI) crude oil rose on Thursday, but remained below the US$100 mark on hopes the United States and Iran will extend their ceasefire and resume talks to end war in the Middle East.WTI crude oil for May delivery closed up US$3.40 to settle at US$94.69 per barrel, while June Brent oil was last seen up US$4.29 to US$99.22.The U.S. Navy is blockading Iranian ports while Iran continues to block the Strait of Hormuz. However, according to the Wall Street Journal, U.S. President Trump on Thursday said talks with Iran could take place this weekend and he is open to extending a ceasefire."We're very close to making a deal," the paper quoted Trump saying.The Strait of Hormuz is the choke point for 20% of global daily oil demand supplied by Persian Gulf nations. The supply shock has hit hardest in Asian nations, where some countries have introduced rationing while bidding up prices for immediately available supplies that are fetching near US$150 per barrel."Oil has steadied ... on signs the US and Iran may extend a ceasefire and restart talks aimed at ending a war that has choked global supplies of key commodities from the Persian Gulf. This has triggered a major supply shock, the impact of which continues to build globally, with the relative calm and sub-USD 100 futures prices not fully reflecting the reality in the physical market," Saxo Bank noted.

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