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TransDigm to Buy Brazing Alloy Maker Prince & Izant for $1.07 Billion in Cash

TransDigm Group (TDG) has agreed to acquire Prince & Izant from private equity firm Industrial Growth Partners for about $1.07 billion in cash.Ohio-based Prince & Izant designs and makes brazing alloys and specialty metal components and mainly supports the aerospace and defense, aero-derivative turbine, and transportation end markets. The firm derives the majority of its revenue from the aftermarket and is expected to generate sales of about $360 million for the calendar year through Dec. 31, TransDigm said Monday."(Prince & Izant) offers highly engineered, custom, proprietary products and provides excellent service to its customers -- attributes that align well with TransDigm's acquisition criteria," TransDigm Chief Executive Mike Lisman said in a statement. "We expect this acquisition to create equity value in-line with our long-term private equity-like return objectives."TransDigm shares were up 3.6% in afternoon trade. So far in 2026, the stock has lost 3.7% in value.Prince & Izant has manufacturing locations in Ohio, Illinois, Wisconsin, and New York. It employs about 220 people, while majority of its revenue is derived from specialty metals, including gold, silver, and platinum alloys.Industrial Growth Partners acquired Prince & Izant in 2022.Industrial Growth Partners and Prince & Izant didn't respond to' requests for comment.Earlier this month, TransDigm opted to withdraw from its proposed $960 million acquisition of aerospace component maker Stellant Systems from private equity firm Arlington Capital Partners, saying continuing to pursue the deal through the regulatory review process was no longer in its "best interests."Following the termination, Morgan Stanley downgraded its rating on the TransDigm stock, citing concerns around the company's ability to "source acquisitions of size which can move the scale on inorganic growth.""The key downside risk, in our view, is execution," the brokerage said in a note to clients e-mailed July 15. "Any challenges in integrating acquisitions, weaker-than-expected synergy realization, or disruption to underlying operations that could pressure margins could further weigh on sentiment."Price: $1278.80, Change: $+42.09, Percent Change: +3.40%

$TDG

Wire4d ago

Amaze, BIGtoken to Launch Creator Affiliate Wallet

Amaze Holdings (AMZE) said Monday it is partnering with BIGtoken to start a scalable creator affiliate wallet and campaign infrastructure for brands and creators across its ecosystem.The company said the partnership adds another monetization layer to its connected creator operating system.Price: $0.29, Change: $-0.45, Percent Change: -60.40%

$AMZE

Commodities4d ago

US Natural Gas Update: Futures Fall as Supply Builds, Demand Softens

US natural gas futures extended losses in midday trading Monday as rising supply and easing demand weighed on prices, with milder temperatures across parts of the Midwest and East reducing near-term consumption expectations.The Henry Hub front-month contract and continuous futures contracts fell 3.90% to $2.759 per million British thermal units, while the continuous contract dropped 3.70% to $2.781/MMBtu.Prices slid on Monday to the lowest levels since May, tracking declines across global energy markets as Middle East hostilities paused. Trading Economics said.Prices also came under pressure from comfortable domestic supply conditions, with US Energy Information Administration data showing that natural gas inventories stood 6.4% above the five-year seasonal average as of July 17.Average natural gas production in the Lower 48 states rose to 110.4 billion cubic feet per day so far in July, compared with 110 Bcf/d in June, Trading Economics said.The market's decline was partially limited by forecasts for elevated demand in the coming week.NaturalGasWeather.com said most of the US is expected to experience very warm to hot conditions, with highs ranging from the upper 80s to the 100s degrees Fahrenheit and locally reaching the 110s.Cooler conditions are expected across parts of the Midwest, Great Lakes, and Northeast as weak weather systems bring showers and thunderstorms, according to the forecaster.Despite higher power-sector demand linked to warmer weather, Gelber & Associates said natural gas prices have shown a weaker response than in previous summers because increased output from wind, solar, and battery storage is absorbing more of the additional electricity load."That dynamic has allowed storage injections to remain larger than expected even during some of the hottest weather of the season," Gelber & Associates said.Celsius Energy reported that natural gas accounted for 44% of the US power generation mix during the week ended July 26, up 1.1 percentage points from a year earlier.It noted that solar, however, posted the largest gain in generation share, rising 1.1 percentage points to 8%, while coal recorded the biggest decline, falling 1.5 percentage points to 18%.LNG feedgas demand also eased, with natural gas flows to major export terminals averaging 17.2 Bcf/d so far this month, slightly below June's 17.4 Bcf/d average, Trading Economics said.The decline was partly attributed to scheduled maintenance at the Freeport LNG facility in Texas expected to wind up late next month.

Wire4d ago

Market Chatter: TPG in Discussions to Acquire Macquarie-Backed Netrality Data Centers

TPG (TPG) is engaged in exclusive negotiations to purchase Macquarie-backed Netrality Data Centers, Bloomberg News reported Monday, citing sources familiar with the matter.The prospective transaction could value the target company between $2 billion and $3 billion, according to the report.TPG, Macquarie, and Netrality did not immediately respond to' request for comments.(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: $43.17, Change: $+0.34, Percent Change: +0.79%

$TPG

US Markets4d ago

Update: Equities Mixed Intraday as Markets Await Fed Decision, More Earnings Reports

(Updates with latest market prices and developments.)US stocks were mixed intraday amid a sharp pullback in oil prices, as traders prepared for the Federal Reserve's policy decision and mega-cap earnings reports later in the week.The Nasdaq Composite was down 0.6% at 24,834.6 after midday Monday, while the S&P 500 fell 0.3% to 7,390.2. The Dow Jones Industrial Average rose 0.2% to 52,031.4. Among sectors, communication services paced the gainers, while technology saw the steepest decline.West Texas Intermediate crude oil dropped 7.5% to $82.61 a barrel, while Brent slumped 8% to $89.09.US President Donald Trump told Axios on Monday that the US is in "very deep talks" with Iran, though he said military action could resume if diplomacy fails. His remarks came as the US apparently halted strikes against Iran.The US military struck Iran for the 13th straight night on Thursday, with Iran launching its retaliatory attacks across Gulf states. There hasn't been an announcement on fresh US strikes since then.Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported."While this is the first tangible signal of de-escalation, the reasons behind it are less clear," ING Bank said in a report. "There's little explanation from the US. Also, it hasn't yet led to any meaningful pickup in vessel flows through the Strait of Hormuz."Treasury yields were lower intraday, with the 10-year rate down 3.2 basis points at 4.65% and the two-year rate falling 1.3 basis points to 4.32%.The Federal Open Market Committee kicks off its two-day policy meeting on Tuesday, with a decision on interest rates due the following day. The probability of the central bank leaving its benchmark lending rate unchanged currently stands at 62%, with the remaining odds in favor of a quarter-percentage-point increase, according to the CME FedWatch tool."In our view, in the event of a rate hold there are likely to be dissents with the number hinging on the extent to which the statement language shifts in a hawkish direction," Macquarie said Monday in a report.While the firm expects no change to the federal funds rate this week, it continues to project a hike, most likely in December.Tech giants Microsoft (MSFT), Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) are scheduled to release their latest financial results later this week, along with Visa (V), Mastercard (MA), ExxonMobil (XOM), Coca Cola (KO), Procter & Gamble (PG), Qualcomm (QCOM) and Boeing (BA).In company news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative expected to be worth more than $500 billion. The deal includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory.Nvidia's shares dropped 5.2% intraday, the worst performer on the Dow, while SK Hynix slumped 9.6%.TransDigm Group (TDG) agreed to acquire specialty metal maker Prince & Izant from private equity firm Industrial Growth Partners for approximately $1.07 billion in cash. TransDigm shares rose 3.4% intraday.Gold edged up 0.2% $4,077.40 per troy ounce, while silver lost 0.2% to $58.77 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$BA$KO$MA$META$MSFT$NVDA$PG$QCOM$SKHY$TDG$V$XOM

Oil & Energy4d ago

Trump Says Iran Requested Meeting, Signals Possible Deal but Military Option Remains

US President Donald Trump said Monday Iran has requested talks after recent US military strikes, signaling a possible deal.Trump spoke during a press gaggle aboard Air Force One while traveling to Waterford Township, Michigan, saying, "They want to meet, and we're meeting.""There's a chance we can make a deal. Without what we did, they wouldn't even be talking to us," Trump said.He noted that Iran initiated contact after recent US military action. "They requested a meeting through their surrogates and directly, and we're meeting."Trump rejected criticism of Defense Secretary Pete Hegseth and said that recent US military operations forced Iran back to the negotiating table.The US President linked the negotiations to market moves, saying military pressure changed Iran's position."I guess oil dropped very big today [Monday]," he said, adding Iran "would not have requested the meeting if we were doing poorly."Trump said he remains hopeful the talks will succeed but signaled the US stands ready to resume military operations if needed."... we're having good talks, so we'll see what happens. I think there's a good chance that something could happen, and if it does, good. If it doesn't, we go back to doing what we were doing two days ago," Trump said.Commenting on the Strait of Hormuz, Trump said shipping through the waterway has stabilized during the talks. "Their whole shoreline's wiped out. The strait is in very good shape...," he said.Trump also said the US plans to use frozen Iranian assets to compensate for shipping losses linked to the conflict. "The Iran money that we control will be used to pay for damages," he said.Trump said the US is coordinating with Saudi Arabia on the Houthi issue, adding previous military action had ended the immediate threat.Trump said the US is not currently involved with the Houthis in Yemen. "We're not involved with that," he said, adding the US may get involved if there's a problem.About Prime Minister Benjamin Netanyahu, Trump said the two leaders remain largely aligned on Iran despite some differences."We have a little difference, but pretty close," Trump said about US-Israel relations.Responding to reports that Russia may have supplied Iran with satellite imagery to target US bases in the Gulf, Trump said, "We'll find out if that's true. I'll ask Putin about it. We'll find out," adding that any such assistance had been "very unimpactful."Trump also said the US has recovered "billions and billions of dollars" from Venezuela and expects a similar outcome with Iran, saying, "That'll happen with Iran also. We paid for the war many times over."Trump credited US military action with preventing Iran from advancing its nuclear program and protecting Israel.He argued US strikes prevented a major threat to Israel and criticized the Obama-era nuclear agreement.

Sectors4d ago

Sector Update: Energy Stocks Decline Monday Afternoon

Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index falling 2.1% and the State Street Energy Select Sector SPDR ETF (XLE) down 1.4%.The Philadelphia Oil Service Sector Index was shedding 1.3%, and the Dow Jones US Utilities Index fell 1.3%.Oil prices fell after President Donald Trump said the US and Iran were in "very deep talks," fueling optimism about the prospects of de-escalation between the two nations, though Trump also said military action could resume if diplomacy fails, according to Axios. Oman is conducting talks with Iran, but Qatar, Pakistan and Egypt are also actively involved in the process, Axios reported.Front-month West Texas Intermediate crude oil fell 7.5% to $82.61 a barrel, and the global benchmark Brent crude contract dropped 8.2% to $88.87 a barrel. Henry Hub natural gas futures shed 3.9% to $2.76 per 1 million BTU.In corporate news, Expand Energy (EXE) has agreed to buy private asset-backed natural gas and power marketer Twin Eagle from Five Point Infrastructure for about $1.25 billion, becoming North America's leading gas marketer. Expand Energy shares were up 0.6%.TotalEnergies (TTE) has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case, the company said. TotalEnergies shares were down 2.7%.Baker Hughes (BKR) shares jumped past 6% after it posted Q2 adjusted earnings and revenue that topped analysts' expectations.

$BKR$EXE$TTE

Wire4d ago

Market Chatter: Chevron CEO Meets With US Officials on Protecting Kazakhstan Oil Assets

Chevron (CVX) Chief Executive Mike Wirth met with senior US government officials to discuss measures to keep the company's Kazakhstan operations safe from becoming collateral damage in the Ukraine-Russia war, The Wall Street Journal reported Friday, citing sources familiar with the matter.Last week, a Ukrainian drone strike hit four tankers in the Black Sea, including one hired by Chevron, the report said. The US government has warned Ukraine against attacking non-Russian ships in the area, the report cited a US official as saying.Chevron owns 50% interest in Kazakhstan's Tengiz oil field and a 15% stake in the Caspian Pipeline Consortium, which brings crude from Kazakhstan into Russia and out to the Black Sea, according to the report.Chevron did not immediately reply 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: $191.62, Change: $-3.17, Percent Change: -1.63%

$CVX

Sectors4d ago

Sector Update: Consumer Stocks Rise in Afternoon Trading

Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.1%.In corporate news, Ford (F) has joined the competition to build the US Army's newest tactical truck, marking its pursuit of its largest military contract since the Cold War, The Wall Street Journal reported Monday. Ford shares added 0.8%.Coca-Cola FEMSA (KOF) shares jumped nearly 5% after the company reported better than expected Q2 earnings and revenue.Brown-Forman (BF.A, BF.B) said Sunday it has received an unsolicited takeover offer from Sazerac, and concluded that the proposal is "not actionable." Brown-Forman Class A shares rose 3.5%, and its Class B shares climbed up 3.6%.

$BF.A$BF.B$F$KOF

Wire4d ago

Alphabet's YouTube Premium to Expand Peacock Access

Alphabet's (GOOG, GOOGL) YouTube is expanding its partnership with Comcast's (CMCSA) NBCUniversal, with eligible YouTube Premium subscribers in the US soon gaining access to the ad-supported tier of Peacock Premium.Subscribers will be able to stream a larger lineup of live sports, Universal movies and original series through Peacock, YouTube said Monday in a statement.The companies also plan to introduce international bundles and upgraded Peacock plan options.NBCUniversal said in a statement the broader agreement extends its multiyear distribution partnership with YouTube TV and will also expand the reach of its international streaming services Universal+ and Hayu in select markets.Alphabet shares rose 2.3% in Monday trading, and Comcast gained 3.9%.Price: $326.44, Change: $+7.35, Percent Change: +2.30%

$CMCSA$GOOG$GOOGL

Mining & Metals4d ago

Vireo Growth to Buy Planet 13 Holdings in All-Stock Deal

Vireo Growth (VREO.CN) will buy Planet 13 Holdings (PLTH.CN) in an all-stock deal after the companies entered a definitive merger agreement, Vireo said in a statement on Monday.As part of the deal between the two vertically integrated cannabis companies based in the US, each issued and outstanding share of Planet 13 common stock will be converted into the right to receive 0.015383618 of a Vireo subordinate voting share, subject to some terms. The boards of directors of both companies unanimously approved the deal, Vireo said.Vireo expects the deal to add 36 dispensaries, three active cultivation and production assets, and expansion capabilities of up to 2.3 million square feet of cultivation and production in Nevada. It will also add a distribution license and a cannabis consumption lounge license, it said.Vireo added it will "significantly" enhance its operating scale in Nevada and Florida while "strengthening" its pending initial platform in Illinois.The deal also has a termination fee of $1.8 million payable by Planet 13 to Vireo in certain specified circumstances. Planet 13 shares of common stock will be delisted from the Canadian Securities Exchange and withdrawn from the OTCQX Market upon completion of the deal.Shares of Vireo Growth were last seen unchanged at C$13.7 on the Canadian Securities Exchange.

$PLTH.CN$VREO.CN

Oil & Energy4d ago

EMEA Oil Update: Crude Slides as US-Iran Hostilities Pause Eases Supply Fears

EMEA crude futures fell in after-hours trading as a pause in hostilities between the US and Iran appeared to hold, and tankers sailed to load at a recently disrupted Kazakh export terminal, easing fears of further disruption to global crude supplies.Brent crude futures retreated by 8.1% to $88.95 per barrel, while Murban crude futures tumbled by 12.6% to $84.85/bbl.Soojin Kim, research analyst at MUFG, said that Brent crude fell over 7%, while WTI also declined, after the US paused military strikes against Iran, raising hopes for a temporary de-escalation in the Middle East conflict.US President Donald Trump said he halted planned US strikes on Iran to allow fresh negotiations but warned he would resume forceful military action if the talks fail, Axios reported Monday, citing an interview with the President.Trump said he decided to halt strikes on Friday as mediating countries requested that he give negotiations another chance. The negotiations focus on a new deal to reopen the Strait of Hormuz and restart talks on a nuclear deal.Trump reportedly said mediators persuaded him to give diplomacy another chance, but said the talks must advance quickly. Oman is leading the negotiations with Iran, while Qatar, Pakistan, Egypt, and US envoys are involved, according to Axios.Iran has reportedly indicated it will stop carrying out attacks as long as the US also refrains from striking, as Tehran held talks with Oman over the Strait of Hormuz.The pause by Iran follows the US's decision to suspend its bombing campaign after President Trump's advisers reportedly warned that the military was running out of viable targets and raised concerns about depleting US weapons stockpiles.Earlier on Monday, Iran's Foreign Ministry spokesman, Esmail Baghaei, said that while it was "possible" that mediators share messages from the US side about current developments, no formal negotiations are currently taking place.Gelber & Associates said that the selloff reflects a reduced probability of further escalation rather than a sudden deterioration in petroleum demand, with the market beginning to price the possibility that tanker movement and regional exports could gradually improve if the pause holds.However, Saudi Arabia's Ministry of Defense on Monday intercepted drones from Iraq and Yemen's Houthis targeting its oil facilities.The defense ministry said in a social media post that the Gulf state's air defenses intercepted and destroyed several drones that targeted petroleum facilities in the country's Eastern Province and Riyadh region.On Monday, the Houthis also said they launched drone attacks on Saudi Arabian oil infrastructure in response to incursions by the Gulf state's drones.Yahya Saree, the Houthis' spokesperson, said that several targets in the supply and transport of crude oil from eastern Saudi Arabia to Yanbu were struck by several drones.Saudi Arabia has re-routed its crude output to Yanbu via its east-west pipeline to get around Iranian attacks on shipping in the Hormuz.The market treated Yanbu as the answer to the Hormuz disruption for months, according to Ian Solis, data analyst, Tech/Maritime-Ops for Wood Mackenzie.He added that the problem, however, is that Yanbu "has its own chokepoint." The analyst said that if Bab el-Mandeb comes under sustained disruption, Asian markets stand to lose a major crude supply artery.On the supply front, oil loading reportedly resumed at the Caspian Pipeline Consortium terminal on Russia's Black Sea coast, the main export point for barrels from Kazakhstan.TPH Energy analysts said Brent crude dropped about $7 to about $89/bbl after the US and Iran halted hostilities, while Iranian and Omani officials held talks on the Strait and oil tankers resumed loading at a Kazakh export terminal.

Wire4d ago

Top Midday Gainers

Forte Biosciences (FBRX) shares surged 40% after the company agreed to be acquired by Belgian-Dutch immunology firm Argenx (ARGX) in a deal worth about $2.2 billion, according to an announcement Monday.More than 14 million shares of the company traded intraday compared with a daily average of about 505,000.Entera Bio (ENTX) entered into a securities purchase agreement for an oversubscribed private placement financing, and expects gross proceeds of about $275 million, it said Monday.Shares surged 80% as intraday trading volume climbed to over 74 million from a daily average of about 1.04 million.Axe Compute (AGPU) shares jumped 17% amid heavy trading after the company said it secured a five-year $1.5 billion contract to deploy an Nvidia (NVDA) Blackwell-based dedicated artificial intelligence infrastructure cluster in the US.Over 3.0 million shares traded intraday versus the stock's daily average of roughly 383,000.Price: $76.44, Change: $+21.66, Percent Change: +39.54%

$AGPU$ENTX$FBRX

Wire4d ago

Sector Update: Financial Stocks Advance Monday Afternoon

Financial stocks were higher in Monday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.6%.The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.5%.Bitcoin (BTC-USD) was declining 0.9% to $64,771, and the yield for 10-year US Treasuries was decreasing 3.4 basis points to 4.645%.In corporate news, Apollo Global Management (APO) shares added 0.9% after it said Monday that it has agreed to invest $1.5 billion into Keppel Offshore Fund, a portfolio of offshore energy assets managed by Singapore's global asset manager Keppel.Bank of Hawaii (BOH) reported higher-than-expected Q2 earnings, but revenue growth fell short of market expectations. Its shares fell 3.9%.Wise's (WSE) potential plans of building stablecoin technology for settlement would be a potential offset to the recent denial for a US national trust charter and would add a meaningful resilience to the business going forward, UBS said in a research note. Wise shares rose 4.8%.

$APO$BOH$WSE

Wire4d ago

JetBlue Airways to Introduce Fare Options Ahead of Domestic First-Class Launch

JetBlue Airways (JBLU) said Monday it is introducing new fare options as part of a simplified flight shopping process to prepare for the launch of BlueFirst, its new domestic first-class product.The airline said it will roll out "in the coming days" a system allowing customers to pick one of four onboard categories and then select from up to three fare options within each category.BlueFirst is scheduled to begin rolling out later in 2026, according to JetBlue.Customers with existing bookings will retain the benefits associated with their original fare, the company said.Shares of JetBlue were up 3.7% in Monday trading.Price: $5.47, Change: $+0.20, Percent Change: +3.72%

$JBLU

Asia Markets4d ago

Update: US Equity Indexes Mixed as Tech Heads Lower, Crude Oil Sinks on Pause in Iran Strikes

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as investor concerns grew over circular investments in the artificial intelligence industry and as crude oil prices plunged after a pause in Iran strikes entered its third day.The Dow Jones Industrial Average climbed 0.2% to 52,022.2 after midday Monday. The Nasdaq Composite retreated 0.7% to 24,809.9, and the S&P 500 declined 0.4% to 7,385.5.Energy and technology led decliners while communication services and consumer staples topped the gainers.Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative valued at more than $500 billion. The deal announced Saturday includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory. Nvidia's shares dropped 5.1%, the Dow's steepest decliner. The SK Hynix stock plummeted 9.6%.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, slumped 3.7%.In geopolitical news, the US paused military attacks against Iran over the weekend, while Tehran also refrained from retaliatory action, according to a Commerzbank note. Meanwhile, Oman and Iran continued discussions on a transit arrangement for the Strait of Hormuz, with diplomats describing the negotiations as "moving in the right direction." Iranian officials likewise characterized the talks as "constructive."Mediators have achieved progress in getting the US and Iran back to negotiations, the Associated Press reported, citing regional officials. The two regional officials said mediators led by Qatar and Pakistan were working to bridge the gap between Washington and Tehran to return to an interim ceasefire deal that had collapsed after the exchanges of fire, the news report said.The front-month US West Texas Intermediate sank 7.4% to $82.72 a barrel, and global benchmark North Sea Brent plunged 8% to $89.06 a barrel.Most US Treasury yields fell, with the 10-year down 3.4 basis points to 4.65% and the two-year lower by 1.9 basis points to 4.31%.In precious metal markets, gold futures rose 0.4% to $4,087.1, and silver futures edged up 0.2% to $59.05.Further in company news, Forte Biosciences (FBRX) shares surged 40% after the company agreed to be acquired by Belgian-Dutch immunology firm argenx (ARGX) in a deal worth about $2.2 billion.Baker Hughes (BKR) shares jumped 6.6% after the company posted Q2 adjusted earnings and revenue that topped analysts' expectations.In economic news, new orders for US durable goods rose by 0.3% in June following a decline of 4.0% in May compared with the expectations for a larger increase of 1.8% in a survey compiled by Bloomberg. Excluding a 0.2% decrease in transportation orders, new orders would have been up 0.6% in June after a 1.8% increase in May. Expectations were for a 0.8% gain.The Dallas Fed's monthly manufacturing index rose to 1.3 in July from zero in June, below expectations for a 2.0 print.

Dow JonesNasdaq CompositeS&P 500$ARGX$BKR$FBRX$NVDA$SKHY$SMH

Sectors4d ago

Sector Update: Healthcare Stocks Advance Monday Afternoon

Healthcare stocks were higher Monday afternoon, with the NYSE Healthcare Index rising 0.8% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.9%.The iShares Biotechnology ETF (IBB) advanced 0.5%.In corporate news, Forte Biosciences (FBRX) shares soared 39% after it agreed to be acquired by Argenx (ARGX) in a deal worth about $2.2 billion. Argenx shares were down 2.2%.AstraZeneca (AZN) shares were up marginally after it posted higher Q2 core earnings and revenue, and raised its interim dividend.Ensign (ENSG) shares climbed 4% after it reported higher Q2 adjusted earnings and revenue, and raised its 2026 outlook.

$ARGX$AZN$ENSG$FBRX

Wire4d ago

Cognizant Reports Picked to Modernize Technology for Andover

Cognizant Technology Solutions (CTSH) said Monday it has struck a five-year partnership with The Andover Companies to scale its systems, unify its data, and help lay the foundation for AI adoption in underwriting and claims.The company said it will modernize integration of Andover's core policy administration platform to its digital properties, build a new enterprise data platform and boost its policyholder- and digital portals security.Price: $47.65, Change: $+2.20, Percent Change: +4.83%

$CTSH

Sectors4d ago

Sector Update: Tech Stocks Fall Monday Afternoon

Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 2.6%.The Philadelphia Semiconductor index slumped 4.3%.In sector news, DeepSeek has suspended its second fundraising round after informing some prospective investors that investment agreements would not be signed as expected, Bloomberg reported Saturday. The pause followed viral online posts widely attributed to founder Liang Wenfeng about US-China AI competition.In corporate news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative. Separately, Nvidia is in talks to provide a roughly $250 billion financial backstop for Microsoft-backed (MSFT) OpenAI as part of a massive data center project in southern Ohio that could cost more than $500 billion, The Wall Street Journal reported Sunday. Nvidia shares were down 5.4%.ASML (ASML) shares fell nearly 7% after The Information reported that a Chinese state-backed company has started manufacturing some chipmaking equipment that could impact ASML's market position.Amazon.com's (AMZN) Leo subsidiary filed with the US Federal Communications Commission to launch and operate a new constellation of up to 5,105 satellites designed to connect compatible mobile devices directly from space. Amazon shares eased 0.2%.

$AMZN$ASML$NVDA

Sectors4d ago

Sector Update: Consumer

Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.1%.In corporate news, Coca-Cola FEMSA (KOF) shares jumped past 5% after the company reported better than expected Q2 earnings and revenue.

$KOF

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Oil & Energy4d ago