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Sector Update: Health Care Stocks Mixed Premarket Wednesday

Healthcare stocks were mixed premarket Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) 0.2% lower and the iShares Biotechnology ETF (IBB) up 0.5%.Guardant Health (GH) shares were up more than 5% after the company said its Shield blood test has been included in the American Cancer Society's updated Colorectal Cancer Screening guidelines.TG Therapeutics' (TGTX) Phase 3 ENHANCE trial met its primary endpoint, demonstrating bioequivalent drug exposure between the approved two-infusion initiation regimen for Briumvi and a proposed single Day 1 infusion dosing schedule, the company said. TG Therapeutics stock was up more than 1% pre-bell.Nuvalent (NUVL) shares were up more than 1% after the company said the US Food and Drug Administration accepted for filing its New Drug Application for neladalkib, an investigational ALK-selective inhibitor in tyrosine kinase inhibitor pre-treated advanced ALK-positive non-small cell lung cancer.

$GH$IBB$NUVL$TGTX$XLV

Sectors49d ago

Sector Update: Consumer Stocks Mixed Pre-Bell Wednesday

Consumer stocks were mixed pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.4%.Lululemon athletica (LULU) stock was up more than 3% after the company said it has settled its dispute with its founder, Chip Wilson.PDD Holdings (PDD) shares were down more than 7% after the company posted Q1 non-GAAP earnings and revenue that missed analysts' estimates, with non-GAAP EPS declining year over year.Dick's Sporting Goods (DKS) stock was down more than 2% after the company reported a decline in fiscal Q1 non-GAAP earnings.

$DKS$LULU$PDD$XLP$XLY

Sectors49d ago

Sector Update: Tech Stocks Rise Premarket Wednesday

Technology stocks were rising premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 3%.Micron Technology (MU) shares were up more than 7%, extending gains after the company's market capitalization eclipsed $1 trillion for the first time on Tuesday.Iren (IREN) has entered a $1.6 billion purchase agreement with Dell (DELL) for air-cooled Blackwell systems, the company said. Iren shares were up more than 3% pre-bell.Zscaler (ZS) stock was down more than 23% after the company issued a fiscal Q4 revenue outlook that narrowly missed analysts' expectations.

$DELL$IREN$MU$XLK$XSD$ZS

Mining & Metals49d ago

Bird Construction Launching Notes Offering to Repay Term Loan

Bird Construction (BDT.TO) is launching a senior notes offering to repay the entirety of its near $204 million debt under a non-revolving term loan facility, the company said on Wednesday.Bird will apply any balance for general corporate purposes, which may include repayment of amounts drawn under revolving credit facilities or funding future acquisitions, a statement added.The Notes will be unsubordinated obligations of Bird.The company will also amend its credit agreement to increase the size of the revolving credit facility from $400 million to $500 million, and extend the maturity date from September 3, 2028 to September 3, 2029. The amendment will also remove the requirement that Bird and the subsidiary guarantors provide security for their respective obligations under the credit agreement for so long as Bird maintains an investment grade rating.Bird Construction shares closed up $1.39, to $60.19 on Tuesday on the Toronto Stock Exchange, leaving it shy of 52 week highs.

$BDT.TO

Sectors49d ago

Sector Update: Energy

Energy stocks were declining premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 1.8% lower.The United States Oil Fund (USO) was down 4.4% and the United States Natural Gas Fund (UNG) was 1% higher.Front-month US West Texas Intermediate crude oil was 5.6% lower at $88.68 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 4.6% to $95.04 per barrel, and natural gas futures were up 1.6% at $2.94 per 1 million British Thermal Units.TotalEnergies (TTE) is facing a dispute with Mozambique over about $2 billion in costs tied to delays at its liquefied natural gas project in the country, Bloomberg reported, citing an unnamed person familiar with the matter. Shares of TotalEnergies were down more than 3% pre-bell.

$TTE

Sectors49d ago

Market Chatter: Iran State TV Says Hormuz Traffic May Return to Normal Within Month of Deal

A US-Iran interim peace deal says that maritime traffic through the Strait of Hormuz can return to normal within a month of a finalized agreement, Bloomberg reported Wednesday, citing a report by Iranian state television that cited an official draft of the deal.(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.)

Mining & Metals49d ago

Errington Metals Completes Balfour Exploration Program

Errington Metals (EM.V) on Wednesday provided an update on its 2025-2026 exploration program at the Balfour mineralized zone, part of its wholly owned Sudbury Basin Project.The winter program was designed to validate and refine the geometry of known mineralized zones and advance the company's 3D geological model in support of a planned mineral resource estimate, said the company.The Balfour area represents a new opportunity for resource growth, as it was not previously included in the historic mineral resource estimate, it stated.Among highlights the company said it completed 48 diamond drill holes for a total of 13,480 metres during the 2025/2026 program at Balfour. It integrated drilling, historic data and airborne geophysical interpretations into a refined 3D geological model to support future drill targeting and resource work, it stated and added that it confirmed continuity of mineralization along strike and at depth across the Main, West and North zones, based on geological logging and visual interpretation, with 2026 assays pending.Step out drilling confirmed extensions to mineralized shapes and the mineralized shapes remain open both down dip and along strike, it added."The Balfour program highlights the potential scale and growth of our Sudbury Basin Project," said Matthew Gollat, President and Chief Executive Officer of EM. "The Balfour area did not receive much attention previously with mineralized zones open in all directions. Our 2025 and 2026 drilling has improved confidence in the continuity of mineralization, refined our understanding of key structural controls, and materially advanced the geological framework required for resource development. We believe this work positions us well as we move toward a planned mineral resource estimate and continue to unlock value across the district."Shares in EM were up $0.08 or 2.9% to $2.85 in Canada yesterday.

$EM.V

Sectors49d ago

Sector Update: Financial

Financial stocks were advancing pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) marginally higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was also 0.3% higher.Banco Santander (SAN) shares were up more than 1% after the company said it launched a cash tender offer to repurchase up to $850 million of its outstanding 4.75% perpetual preferred tier 1 securities.

$SAN

Treasury49d ago

Market Chatter: Canada Negotiating Purchase of Aerial Surveillance System with Swedes Instead of American Competitor

In front of a packed room of Canadian corporate defence and security leaders, Prime Minister Mark Carney announced that Canada has entered negotiations to procure GlobalEye, an advanced aerial surveillance system developed in Sweden that uses Canadian-made jets, Canada's CTV National News is reporting Wednesday.The GlobalEye is an airborne warning and control system (AEW&C) created by Swedish defence and security company Saab. The radar system is integrated into Bombardier's Global 6500, transforming the corporate jet into a cutting-edge surveillance aircraft, the report notes.The federal government is negotiating a deal that would see at least one third of the projected fleet of the GlobalEye aircraft manufactured in Canada over the next 15 years, it adds(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$CXY$BBD-B.TO

Sectors49d ago

Iran State TV Says Hormuz Traffic May Return to Normal Within Month of Deal, Bloomberg Reports

Sectors49d ago

Sector Update: Healthcare

Healthcare stocks were mixed premarket Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) 0.1% lower and the iShares Biotechnology ETF (IBB) up 0.7%.Guardant Health (GH) shares were up more than 6% after the company said its Shield blood test has been included in the American Cancer Society's updated Colorectal Cancer Screening guidelines.

$GH

Treasury49d ago

Canada Negotiating Purchase of Aerial Surveillance System with Swedes Instead of American Competitor, CTV News reporting

$CXY

Mining & Metals49d ago

Source Energy Services Renews Normal Course Issuer Bid Program For 2026-2027

Source Energy Services' (SHLE.TO) notice of intention to renew its Normal Course Issuer Bid (NCIB) has been accepted by the Toronto Stock Exchange (TSX), it said on Wednesday.As of May 15, there were 13.1-million common shares outstanding. The company is planning to buy back the lesser of $4 million worth of its common shares or 996,288 common shares.The bid will start on May 29, and will cancel on the earlier of May 28, 2027, and the date on which the maximum number of common shares are purchased pursuant to NCIB, being the lesser of $4.0 million of common shares or 996,288 common shares, it said.The company intends to enter into an automatic securities purchase plan with a designated broker whereby common shares may be repurchased at times when such purchases would otherwise be prohibited pursuant to regulatory restrictions or self-imposed blackouts.Shares of the company closed down 1.8% to $14.48 on Tuesday on the TSX.

$SHLE.TO

Research49d ago

UBS Initiates Sonic Automotive at Buy With $90 Price Target

Sonic Automotive (SAH) has an average rating of overweight and mean price target of $81.36, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$SAH

International49d ago

Redbook US Same-Store Sales Rise in Week Ended May 23

Redbook US same-store sales rose by 9% from a year earlier in the week ended May 23 after an 8.1% year-over-year increase in the previous week."Demand for a wide variety of summer, home and garden, and seasonal apparel products was the main focus for most consumers," Redbook said.Through the third selling week for May, sales were 8.9% higher compared with May 2025, more than the target for an 8.6% gain, according to Redbook.

Sectors49d ago

Sector Update: Consumer

Consumer stocks were edging higher pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.6%.Lululemon athletica (LULU) stock was up more than 3% after the company said it has settled its dispute with its founder, Chip Wilson.

$LULU

Mining & Metals49d ago

Abaxx Upsizes Offering to C$60 Million from C$50 Million

Abaxx Technologies (ABXX.TO) has upsized its previously announced bought deal offering to C$60 million from $50 million.The offering now comprises 1,106,000 shares at $54.25 per share, compared to 922,000 shares at the same price in the previous offering.The company agreed to grant underwriters an overallotment option for an additional $9 million in proceeds if fully exercised.Abaxx plans to use the proceeds for the operation of its exchange and clearinghouse in Singapore, to develop its digital infrastructure business, and for general corporate purposes and working capital.The offering is expected to close on or about June 2.

$ABXX.TO

Sectors49d ago

Gold Trading at a Two-Month Low Even as Falling Oil Prices Ease Inflation Concerns

Gold fell to a two-month low early on Monday, even as the dollar dipped as oil prices weakened ahead of an expected deal to end the war on Iran, easing inflation worries.Gold for July delivery was last seen down US$47.80 to US$4,487.20 per ounce, the lowest since March 26.The precious metal has remained well below its Jan. 28 record high as investors turned to the dollar as oil prices surged after the United States and Israel attacked Iran, which responded by blocking the Strait of Hormuz, the chokepoint for a fifth of daily oil demand supplied by Persian Gulf nations.However oil prices have retreated from four-year highs touched last month on expectations Iran and the United States will soon end hostilities amid talks in Qatar and reopen the Strait, easing the inflation worries that have supported the dollar and pushed up treasury yields, both bearish for gold."Gold fell alongside US bond yields on Tuesday as the prospect of a Middle East peace deal weighed on oil prices, thereby easing inflation concerns. In addition, a powerful global equity rally, led by chipmakers, has reduced near-term demand for defensive assets such as gold," Saxo Bank noted.The dollar was lower early, with the ICE dollar index last seen down 0.18 points to 98.99. Treasury yields edged down, with the U.S. two-year note last seen paying 4.041%, down 0.5 basis points, while the yield on the 10-year note was down 2.3 points to 4.47%.

$GCN6$GLD

Sectors49d ago

Sector Update: Tech

Technology stocks were rising premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.1% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 3.2%.Micron Technology (MU) shares were up more than 6%, extending gains after the company's market capitalization eclipsed $1 trillion for the first time on Tuesday.

$MU

International49d ago

Redbook US Same-Store Sales Up 9.0% Year-Over-Year in Week Ended May 23 After Prior 8.1% Gain

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Mining & Metals49d ago

Errington Metals Completes Balfour Exploration Program

$EM.V