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Sector Update: Healthcare Stocks Softer Late Afternoon

Healthcare stocks declined late Monday afternoon with the NYSE Healthcare Index decreasing 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.7%.The iShares Biotechnology ETF (IBB) rose 0.6%.In corporate news, Centene (CNC) will offer buyouts to most employees to reduce costs after a slump in health-plan membership in the past year, Bloomberg reported. Centene shares fell 3.2%.Neumora Therapeutics (NMRA) shares tumbled 48% after the company halted development of its major depressive disorder treatment navacaprant after two Phase 3 trials failed to meet their primary and key secondary endpoints. Neumora also announced it will reduce its workforce by 35%.Elicio Therapeutics (ELTX) shares plunged 72% after the company said a Phase 2 study assessing the experimental pancreatic cancer therapy ELI-002 7p did not meet the prespecified primary endpoint of disease-free survival.Cuprina (CUPR) shares surged 102% after a subsidiary obtained 510(k) clearance from the US Food and Drug Administration for its Medifly Maggots product that uses Lucilia cuprina larvae in maggot debridement therapy.

$CNC$CUPR$ELTX$NMRA

Wire43d ago

Levi Strauss Insider Sold Shares Worth $4,855,606, According to a Recent SEC Filing

Robert D. Haas, 10% Owner, on June 12, 2026, sold 202,135 shares in Levi Strauss (LEVI) for $4,855,606.SEC Filing:https://www.sec.gov/Archives/edgar/data/94845/000149315226028673/xslF345X05/ownership.xmlPrice: $24.01, Change: $-0.01, Percent Change: -0.02%

$LEVI

Wire43d ago

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were sharply higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 3.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 4.2%.The Philadelphia Semiconductor Index climbed up 5.4%.In corporate news, Nvidia (NVDA) is set to raise $25 billion from a high-grade bond sale that drew about $85 billion in orders, Bloomberg reported. Nvidia shares added 3.2%.Space Exploration Technologies (SPCX) revenue may surpass $1 trillion by 2031, CEO Elon Musk said Sunday on X. SpaceX shares jumped 15%.Seagate Technology (STX) and Western Digital (WDC) are expected to benefit from strengthening demand for hard disk drives, Morgan Stanley said in a note. The firm raised its price target for Seagate to $1,035 from $767, and for Western Digital to $650 from $488. Seagate shares climbed 8.5%, and Western Digital surged 15%.Microsoft (MSFT) faces a proposed class action lawsuit filed by shareholders alleging the company failed to disclose slowing Azure cloud growth and rising AI infrastructure costs, Reuters reported. Microsoft shares were up 2.3%.

$MSFT$NVDA$SPCX$STX$WDC

International43d ago

Daily Roundup of Key US Economic Data for June 15

The Empire State index fell to minus 5.7 in June from 19.6 in May, indicating a slower pace of expansion.May industrial production rose by 0.1% after a 0.9% gain in April, with manufacturing production flat both overall and excluding a 1.2% gain in motor vehicle and parts production.Utilities output fell by 0.4%, while mining production jumped by 1.3%.The National Association of Home Builders Housing Market Index fell to 35 in June from 37 in May but was up from a reading of 32 a year ago. NAHB said regulatory burdens continue to restrain building activity.

Sectors43d ago

Sector Update: Energy

Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index falling 3.3% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 3.1%.The Philadelphia Oil Service Sector Index was down 3%, and the Dow Jones US Utilities Index rose 1%.Front-month West Texas Intermediate crude oil fell 4.6% to $80.94 a barrel, and the global benchmark Brent crude contract dropped 4.4% to $83.45 a barrel. Henry Hub natural gas futures rose 0.9% to $3.15 per 1 million BTU.In corporate news, DTE Energy (DTE) received a $1.6 billion loan from the Department of Energy's Office of Energy Dominance Financing to help lower energy costs in Michigan and modernize natural gas infrastructure, the Department of Energy said. DTE Energy shares rose 0.8%.

$DTE

Sectors43d ago

Sector Update: Financial

Financial stocks were higher late Monday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.7%.The Philadelphia Housing Index was adding 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.9%.Bitcoin (BTC-USD) was increasing 1.3% to $66,541, and the yield for 10-year US Treasuries was down 1.8 basis points at 4.469%.In corporate news, UWM (UWMC) said Monday that the board of Two Harbors Investment (TWO) has only been "pretending" to engage over its proposed takeover offer to convince shareholders their only option is to accept an "inferior" deal with CrossCountry Mortgage. UWM shares were down 1.1%, and Two Harbors fell 1.2%.

$TWO$UWMC

Wire43d ago

Sector Update: Consumer

Consumer stocks were mixed late Monday 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) rising 1.7%.In corporate news, the request by Amazon's (AMZN) Whole Foods for a review of the January 2025 vote by workers at a Philadelphia store location to unionize was denied Monday by the US National Labor Relations Board. Amazon shares were up 3.4%.

$AMZN

Sectors43d ago

Sector Update: Tech

Tech stocks were sharply higher late Monday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 3.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 4.2%.The Philadelphia Semiconductor Index climbed 5.4%.In corporate news, Nvidia (NVDA) is set to raise $25 billion from a high-grade bond sale that drew about $85 billion in orders, Bloomberg reported. Nvidia shares were up 3.3%.

$NVDA

Sectors43d ago

Sector Update: Healthcare

Healthcare stocks declined late Monday afternoon with the NYSE Healthcare Index dropping 0.8% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.5%.The iShares Biotechnology ETF (IBB) rose 0.5%.In corporate news, Centene (CNC) will offer buyouts to most employees to reduce costs after a slump in health-plan membership in the past year, Bloomberg reported. Centene shares were down 3.1%.

$CNC

Wire43d ago

Saia Shares Fall After Citigroup Downgrade

Saia (SAIA) shares fell 1.6% on Monday after Citigroup downgraded the stock to neutral from buy and adjusted its price target to $524 per share from $516.Trading volume stood at over 485,000 shares compared with a daily average of 454,834.Price: $476.23, Change: $-6.64, Percent Change: -1.38%

$SAIA

Wire43d ago

C.H. Robinson Worldwide Shares Fall After Citigroup Downgrade

C.H. Robinson Worldwide (CHRW) shares were down 2.3% in Monday afternoon trading after Citigroup downgraded the stock to neutral from buy, with a $199 price target.Intraday trading volume stood at about 557,000 shares against a daily average of roughly 1.8 million.Price: $189.33, Change: $-4.41, Percent Change: -2.28%

$CHRW

Commodities43d ago

US Biofuels Update: Technical Buying Underpins Soybean Futures Prices

Biofuels feedstock futures closed higher, with the soybean market finding buyers following pressure from the US-Iran peace agreement.The Chicago Board of Trade July soybean futures contract closed 0.47% higher at $11.19 per bushel, and the CBOT July soybean oil futures contract settled 0.12% higher at 74.37 cents per pound.The Nymex July ethanol futures contract settled 0.67% higher on Friday at $1.88 per gallon.Initially, the peace deal pushed biofuel feedstock markets and energy markets lower.Rhett Montgomery, a DTN analyst, said the traders used technical market signals to underpin the soybean price."Soybean futures were able to rally on technical-based buying despite weakness in the product markets, specifically soybean oil," Montgomery said in a daily note."Despite a decline in gross crush premiums over the past few weeks, incentives remain among the highest on record for processors," he added.The analyst cited the National Oilseed Processors Association report on Monday, which showed that its members crushed 208.8 million bushels of soybeans in May. Montgomery said it was "a disappointing month considering the strength of margins, and the first April-to-May decrease for US crush since 2020."However, this is still a new May crush record in the US, he added.On Monday, the US Department of Agriculture's Weekly Export Inspection Report showed that soybean inspections totaled 19.2 mb for the week ending June 11.Total inspections for 2025-26 are now at 1.345 billion bushels, down 19% from the previous year. USDA estimates soybean exports to total 1.510 bb in 2025-26, down 20% from the previous year.Soybean inspections are running slightly ahead of USDA's estimated pace at a time when USDA's estimate of soybean ending stocks is 16% larger than the previous five-year average.

Wire43d ago

Old Dominion Freight Line Shares Fall After Citigroup Downgrade

Old Dominion Freight Line (ODFL) shares fell 4% in Monday afternoon trading after Citigroup downgraded the stock to sell from neutral and raised its price target to $228 from $225.Trading volume stood at over 1 million shares, compared with a daily average of about 2 million.Price: $235.97, Change: $-9.78, Percent Change: -3.98%

$ODFL

Wire43d ago

Knight-Swift Transportation Shares Fall After Citigroup Downgrade

Knight-Swift Transportation (KNX) shares were down almost 4% in Monday afternoon trading after Citigroup downgraded the stock to neutral from buy while raising the price target to $90 from $72.Trading volume stood at more than 2.8 million shares, compared with a daily average of about 3.9 million.Price: $78.31, Change: $-3.23, Percent Change: -3.96%

$KNX

Commodities43d ago

US Crude Stocks Seen Falling 6.1 Million Barrels on Higher Exports, SPR Draw, Macquarie Says

Weekly US crude inventory data from the Energy Information Administration is expected to show a 6.1-million-barrel draw for the week ending June 12, Macquarie strategists said in a weekly note on Monday, following a 7.2-mmbbl draw the previous week.Crude runs are projected to rise by about 100,000 barrels per day after another slight increase in the prior week.Crude exports are projected to rise moderately by 300,000 b/d, while imports are projected to edge lower by 200,000 b/d on a nominal basis."Timing of cargoes remains a source of potential volatility in the weekly crude balance," Macquarie strategists said.Macquarie projected that implied domestic supply, which includes production, adjustments, and transfers, will rise by 600,000 b/d for the week ended June 12, while stocks in the Strategic Petroleum Reserve are set for "another large draw" of 8.9 million bbls."While we model SPR releases as immediately benefitting commercial stocks, the precise timing of these flows could also add noise to weekly balances," according to the note.On the products front, modest changes are expected with gasoline inventories up 700,000 bbls, distillate inventories down 400,000 bbls, and a 500,000-bbl increase in jet fuel stocks.Macquarie forecasts the combined implied demand for gasoline, distillates, and jet fuel at about 14.4 mmb/d.

Wire43d ago

Market Chatter: Bio-Techne Faces Pressure From Ananym Capital to Explore Sale

Bio-Techne (TECH) received a push from activist investor Ananym Capital Management to conduct a strategic review, including a potential sale, Bloomberg reported Monday, citing a letter the media outlet reviewed.In the letter to the board, Ananym argued a sale to a larger industry player would deliver more value than Bio-Techne can achieve as a standalone company, the report said.Ananym has built a stake in the life sciences company, according to the report.Bio-Techne did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.92, Change: $+1.92, Percent Change: +3.55%

$TECH

Treasury43d ago

US Treasury Closing Levels

3:00 Monday vs 3:00 Friday2yr 99-28 vs 99-26; 4.064% vs 4.085%5yr 99-23 vs 99-19; 4.186% vs 4.213%10yr 99-07+ vs 99-03; 4.469% vs 4.487%30yr 100-14+ vs 100-12; 4.969% vs 4.974%2/10 40.278 bps vs 39.965 bps5/30 78.141 bps vs 75.998 bps

Wire43d ago

Salesforce's Proposed Acquisition of Fin Highlights Growing Demand for AI Customer Service, Truist Says

Salesforce's (CRM) proposed acquisition of customer service platform Fin for $3.6 billion shows the growing importance of artificial intelligence-powered customer service tools and could provide a new growth driver for its Service Cloud business, Truist Securities said in a note Monday.The brokerage noted that Fin, formerly known as Intercom, recently surpassed $400 million in annual recurring revenue, with its AI customer service product generating more than $100 million in ARR.Truist said customer service automation remains one of the clearest use cases for AI agents and highlighted Fin's traction in the market, including capturing about 20% of customer experience software spending.The firm maintained its buy rating and $280 price target on Salesforce.Price: $164.75, Change: $-1.14, Percent Change: -0.69%

$CRM

Wire43d ago

HawkEye 360 Stock Rises After Jefferies Upgrade

HawkEye 360 (HAWK) shares were up about 3.6% in Monday trading after Jefferies upgraded the stock to buy from hold.Trading volume stood at more than 495,000 shares, compared with a daily average of about 1.6 million.Price: $24.67, Change: $+0.86, Percent Change: +3.61%

$HAWK

Wire43d ago

DTE Energy Gets $1.6 Billion DOE Loan to Cut Energy Costs in Michigan

DTE Energy (DTE) received a $1.6 billion loan from the Department of Energy's Office of Energy Dominance Financing to help lower energy costs in Michigan and modernize natural gas infrastructure, the Department of Energy said Monday in a statement.DTE Gas will deliver over $700 million in cost savings to millions of customers in Michigan, which the department said is made possible by President Trump's Working Families Tax Cut.The loan will be used to modernize and strengthen approximately 800 miles of distribution mains and service lines, according to the statement.Price: $148.76, Change: $+1.34, Percent Change: +0.91%

$DTE

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