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Market Chatter: Traders Place $760 Million Oil Bet Ahead of Hormuz Opening

Investors placed a $760 million bet on falling oil just minutes before Iran confirmed the Strait of Hormuz reopening, Reuters reported Friday.The trades occurred about 20 minutes before the announcement, marking another instance of large, well-timed positions ahead of key developments in the Middle East conflict, the report noted.According to LSEG data, investors sold 7,990 Brent crude futures contracts between 12:24 GMT and 12:25 GMT, valued at roughly $760 million.Iran's foreign minister on X at 12:45 GMT said that passage for all commercial vessels through the Strait of Hormuz would remain fully open during the ceasefire period, according to the report.Crude prices dropped sharply following the announcement, falling as much as 11% within minutes as markets reacted to the easing of supply concerns.The report said similar trading patterns have emerged in recent weeks, raising questions among policymakers and legal experts over potential information advantages in volatile oil markets.Trades worth about $950 million were placed ahead of the Apr. 7 US-Iran ceasefire announcement, the report noted.On Mar. 23, investors reportedly sold around $500 million in oil within minutes before President Donald Trump delayed planned strikes on Iran's energy infrastructure, which resulted in a decline of about 15%.The US Commodity Futures Trading Commission is now investigating these transactions over potential links to advance knowledge of policy shifts, according to the report.(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.)

Japan62d ago

US Equity Markets Higher After Iran Officially Confirms Strait of Hormuz is 'Completely Open'

US equity indexes closed higher on Friday, with the S&P 500 and the Nasdaq Composite breaking records, after Iran declared that the Strait of Hormuz is completely open following the Israel-Lebanon ceasefire, resulting in a sharp decline in crude oil prices.* "In line with the ceasefire in Lebanon, the passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of ceasefire," Iran's foreign minister, Seyed Abbas Araghchi, said in a post on X.* US and Iran are discussing a plan as part of their peace talks that would see the US release $20 billion in frozen Iranian funds in exchange for Iran turning over its stockpile of enriched uranium, Axios reported Friday, citing US officials and additional sources.* May West Texas Intermediate crude oil fell $10.37 to settle at $84.32 per barrel, while June Brent crude, the global benchmark, was last seen down $8.95 at $90.44.* Monolithic Power Systems (MPWR) shares were up about 4.7% after Oppenheimer raised its price target for the stock to $1,500 from $1,300 and kept its outperform rating.* Netflix (NFLX) shares were down roughly 10%, the worst performer on the Nasdaq, after the company released Q2 guidance late Thursday below market consensus. The streaming company also said that its chairman and co-founder, Reed Hastings, plans to step down when his term ends in June.

Dow JonesNasdaq CompositeS&P 500$MPWR$NFLX

Sectors62d ago

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were sharply lower late Friday afternoon, with the NYSE Energy Sector Index dropping 3.7% and the State Street Energy Select Sector SPDR ETF (XLE) falling 2.8%.The Philadelphia Oil Service Sector Index declined 1.1%, and the Dow Jones US Utilities Index decreased 0.5%.In sector news, oil prices plunged Friday as Iran's foreign minister said the Strait of Hormuz is "completely open" following a ceasefire in Lebanon. "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire," Iran's Foreign Minister Seyed Abbas Araghchi said Friday in a post on the X platform.Front-month West Texas Intermediate crude oil slumped 11% to $84.23 a barrel, and the global benchmark Brent crude contract dropped 9.2% to $90.28 a barrel. Henry Hub natural gas futures rose 1.2% to $2.68 per 1 million BTU.In corporate news, Chevron (CVX), Exxon Mobil (XOM) and other major oil companies received backing from the US Supreme Court on Friday as the court ruled that lawsuits filed by Louisiana officials accusing them of harming the state's coastal areas should be transferred out of the state courts and into federal court, according to a court document. Chevron shares were down 2.1%, and Exxon shed 3.6%.An Astana court upheld a 2.356 trillion tenge ($5 billion) environmental fine against North Caspian Operating Co., the operator of Kazakhstan's Kashagan oil field, whose shareholders include Exxon Mobil, Shell (SHEL), TotalEnergies (TTE), and Eni (E), among others, Bloomberg reported. Shell shares dropped 4%, TotalEnergies shed 4.1%, and Eni fell 5.6%.Petrobras (PBR) said Friday it signed an agreement with Oranto Petroleum to buy a 75% working interest and assume operatorship of Block 3, an offshore exploration site in Sao Tome and Principe. Petrobras shares were down 4.9%.Exelon (EXC) shares fell 1.2% after multiple brokerages downgraded the energy provider.

$CVX$E$EXC$PBR$SHEL$TTE$XOM

Mining & Metals62d ago

Dios Exploration Closes Second Financing Tranche; Expands Private Placement to $650,000

Dios Exploration (DOS.V) on Friday closed the second tranche of a non-brokered private placement of flow-through share units, raising $158,000.The company placed 3.95-million units in the tranche, with each priced at $0.04 each and made up of a tax-advantaged share and one half of a two-year warrant to buy a share for $0.06.Including the first tranche, the company has now raised $508,000, selling 12.7-million units and expects the offering to raise a total $650,000.The company said proceeds will be used for gold exploration in Quebec, including drilling at the Heberto-Gold discovery on its Au33 property in the James Bay region.The company's shares last traded Thursday, closing at $0.035 on the TSX Venture Exchange.

$DOS.V

Wire62d ago

Top Cryptocurrencies Rise; Bitcoin Tops $77,000 Level

Major digital assets rose Friday, with Bitcoin (BTC-USD) exceeding the $77,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 2.3% in the past 24 hours. The Nasdaq 100 gained 1.2%, the S&P 500 increased 1.1%, and the Dow Jones Industrial Average climbed up 1.8%.Bitcoin rose 2.8% to $77,353, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 28.9% to $54.38 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, gained 3.2% to $2,430.XRP (XRP-USD) climbed 1.8%, BNB (BNB-USD) rose 0.8%, while Solana (SOL-USD) fell 0.7%. Dogecoin (DOGE-USD) increased 0.7%, and Cardano (ADA-USD) advanced 0.6%.The US 10-year Treasury yield stood at 4.242% at 3 p.m. ET Friday, down from 4.305% Thursday, while the five-year yield fell to 3.836% from 3.911%.The total market value of the cryptocurrency industry rose 2.4% in the past 24 hours to $2.61 trillion, with trading volume gaining 2.6% to $158.98 billion.Price: $77363.53, Change: $+2211.54, Percent Change: +2.94%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

Sectors62d ago

Sector Update: Health Care Stocks Advance Late Afternoon

Health care stocks climbed late Friday afternoon, with the NYSE Health Care Index rising 1.4% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 1.5%.The iShares Biotechnology ETF (IBB) gained 1.6%.In corporate news, Abbott Laboratories' (ABT) end-markets remain healthy despite a lower 2026 organic revenue guidance amid fiscal Q1 challenges and mixed performance, RBC Capital Markets said in a note. Abbott shares rose 1.7%.Merck (MRK) shares added 2.8% after it said Friday that the European Commission has approved Enflonsia to prevent respiratory tract disease in newborns and infants.Kura Oncology (KURA) shares jumped past 9% after it said Friday that new preliminary data from a subset analysis of patients with clear cell renal cell carcinoma previously treated with cabozantinib showed "robust" antitumor activity in an ongoing clinical trial of darlifarnib in combination with cabozantinib.Psyence Biomedical (PBM) shares surged 30% after it acknowledged recent reports saying that the US administration is preparing an executive order to further evaluate the safety and therapeutic potential of ibogaine, a naturally occurring compound being studied for its potential in treating post-traumatic stress disorder, addiction, and other serious neurological and mental health conditions. Through its investment in PsyLabs, Psyence has established a position in the manufacturing of ibogaine and ibogaine derivatives, it said.

$ABT$KURA$MRK$PBM

Sectors62d ago

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 2.1%.The Philadelphia Semiconductor index climbed 1.9%.In corporate news, Palantir (PLTR), Thales, and Air Space Intelligence were selected by the US Federal Aviation Administration to compete on a new AI tool for air traffic management, Bloomberg reported. Palantir shares rose 2.8%.Apple (AAPL) recorded a 20% year-over-year increase in smartphone shipments in China during Q1 to become the second-largest seller in the country, Counterpoint Research said Friday. Apple shares climbed 2.7%.Amazon-backed (AMZN) Anthropic Chief Executive Dario Amodei is set to meet on Friday with White House Chief of Staff Susie Wiles for talks that could set the stage for federal agencies to eventually start using Mythos, the company's new AI model, Bloomberg reported. Amazon shares were up 0.4%.Bandwidth (BAND) shares jumped past 11% after B. Riley raised its price target to $27 from $20 while keeping its buy rating.

$AAPL$AMZN$BAND$PLTR

Oil & Energy62d ago

Update: Market Chatter: Iran Allows Shipping via Hormuz With Conditions Amid Ceasefire

(Updates to add IRGC Navy statement cited by Iranian state media.)Iran will permit only commercial ships to transit through the Strait of Hormuz, subject to outlined conditions, Tasneem News Agency reported Friday, citing an informed source.An informed source said the arrangement with the US initially allowed a set number of vessels to pass daily following a ceasefire mediated by Pakistan, the report said.The source said Iran later suspended the transit plan after the Lebanon ceasefire failed, the report added.Iran has set three conditions for ships transiting the Strait of Hormuz, requiring vessels to be commercial only, barring military ships and prohibiting any cargo linked to hostile countries, the source said.The source added vessels must use routes designated by Iran and coordinate passage with Iranian forces, according to the report.The reopening remains contingent on meeting preconditions, particularly a ceasefire in Lebanon, which Iran views as a critical factor in sustaining maritime access through the chokepoint, the report added.The source warned that any continuation of naval blockades would be treated as a breach of the ceasefire, potentially triggering a renewed halt in shipping through the strait.Foreign Minister Abbas Araqchi said commercial vessels would have full access during the ceasefire period, provided they follow coordinated routes set by Iran's Ports and Maritime Organization, the report said.US President Donald Trump said the Strait of Hormuz is open for business, but added that a naval blockade targeting Iran will remain until bilateral negotiations are fully completed.In a subsequent statement, the Islamic Revolutionary Guard Corps. Navy command said Friday it has introduced a new operating framework in the Strait of Hormuz, tightening control over vessel movements under the current ceasefire conditions.The statement said only civilian vessels will be allowed to transit through routes designated by Iran, while military ships remain barred from entering the strategic waterway.It added that all ship movements must receive prior approval from the IRGC Navy and will be permitted only in line with ceasefire terms tied to the Lebanon truce.has reached out to Iran's Ministry of Foreign Affairs for any 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.)

Sectors62d ago

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks were higher late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 2.4%.In corporate news, Lululemon Athletica's (LULU) billionaire founder Chip Wilson is starting a business focused on small athletic brands, Bloomberg reported. Wilson has hired an operating partner to be part of the new venture, which will include new brands and existing small brands, the report said. Lululemon shares were up 2.7%.Sony (SONY) and Honda's (HMC) 50-50 joint venture has decided to explore other opportunities to make the venture work after canceling plans for their proposed co-developed electric vehicle, Nikkei Asia reported Friday. The two companies are discussing non-EV products and services as alternatives and expect other uses for their EV technologies, the report said. Sony shares rose 1.4%, and Honda climbed 2.8%.Netflix (NFLX) shares dropped more than 9% after it released Q2 guidance late Thursday below market consensus. The streaming company also said that its Chairman and Co-founder Reed Hastings plans to step down when his term ends in June.Autoliv's (ALV) Q1 results exceeded Wall Street's estimates, while the Swedish automotive safety supplier affirmed its full-year outlook on Friday amid an uncertain business environment. Its shares jumped past 7%.

$ALV$HMC$LULU$NFLX$SONY

Sectors62d ago

Sector Update: Financial

Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.9%.The Philadelphia Housing Index popped 3.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.6%.Bitcoin (BTC-USD) rose 2.8% to $77,288, and the yield for 10-year US Treasuries dropped 6.3 basis points to 4.246%.In corporate news, Ally Financial (ALLY) shares jumped 9%. The company reported Q1 adjusted earnings of $1.11 per diluted share, up from $0.58 a year earlier, and above the FactSet consensus estimate of $0.93.

$ALLY

Wire62d ago

Zai Lab to Present Zoci Data From Ongoing Phase 1 Trial at AACR Annual Meeting

Zai Lab (ZLAB) said Friday data from its ongoing phase 1 trial of zocilurtatug pelitecan showed a 53.7% intracranial objective response rate in patients with small cell lung cancer and brain metastases.The findings, which showed that the zoci drug candidate triggers intracranial lesion regression and reduced tumor size, will be presented at the American Association for Cancer Research Annual Meeting in San Diego, according to a statement.The potential zoci drug conjugate also demonstrated a manageable safety profile, with most adverse events reported as low grade, the company said.The company's phase 1b/2 trial data also showcased antitumor activity in patients with extrapulmonary neuroendocrine carcinomas, with an objective response rate of 38.2%, according to the company.Price: $24.06, Change: $+0.56, Percent Change: +2.38%

$ZLAB

Wire62d ago

Market Chatter: Palantir Selected to Compete on New FAA AI Tool

Palantir Technologies (PLTR), Thales, and Air Space Intelligence were selected by the US Federal Aviation Administration to compete on a new artificial intelligence tool for air traffic management, Bloomberg reported Friday, citing a person familiar with the matter.The FAA has received $12.5 billion from Congress for the project but it needs about $20 billion more to complete the overhaul, according to the report.Palantir did not immediately respond to a request for comment by.(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: $147.00, Change: $+4.24, Percent Change: +2.97%

$PLTR

Commodities62d ago

US Biofuels Update: Strait of Hormuz Reopening Pushes Soybean Oil Futures Lower

Biofuels feedstock futures closed mixed on Friday, as soybean futures rose while soybean oil dropped, both caught up in a risk-off trading day amid the reopening of the Strait of Hormuz in Iran.The Chicago Board of Trade May soybean futures contract closed 0.30% higher at $11.67 per bushel, and the CBOT May soybean oil futures contract settled 1.69% lower at 68.16 cents per pound.On Thursday, the May ethanol futures contract on the Nymex ended 0.52% lower at $1.90 per gallon.Rhett Montgomery, DTN analyst, said that the soybean market bulls will be looking for reassurance of the previously indicated 25 million metric tons of export demand from China through 2026-27 in next month's Summit."At this point, it is apparent that the soybean market is weighing the tradeoffs to a conclusion of hostilities in the Middle East of lower energy prices but potentially improved US-China relations ahead of President Trump's visit in May, as a net positive to the soybean market over the long run," Montgomery stated in a daily note.

Commodities62d ago

Money Managers Maintain Bullish Bets in Crude Markets, CFTC Says

Money managers in the WTI crude futures and options markets maintained their net long positions in the week ended April 14, according to the Commodity Futures Trading Commission's latest Commitments of Traders report released Friday.The data showed that money managers reported 226,150 long positions, up 3,059 from April 7, while short positions were down 3,347 to 81,907.Producers, merchants, processors, and users held 734,500 long positions and 428,140 short positions.

Sectors62d ago

Sector Update: Energy

Energy stocks were sharply lower late Friday afternoon, with the NYSE Energy Sector Index dropping 3.5% and the State Street Energy Select Sector SPDR ETF (XLE) falling 2.8%.The Philadelphia Oil Service Sector Index declined 1%, and the Dow Jones US Utilities Index decreased 0.6%.Front-month West Texas Intermediate crude oil slumped 10% to $84.78 a barrel, and the global benchmark Brent crude contract dropped 8.6% to $90.82 a barrel. Henry Hub natural gas futures rose 1.2% to $2.68 per 1 million BTU.In corporate news, Exelon (EXC) shares fell 1.5% after multiple brokerages downgraded the energy provider.

$EXC

Wire62d ago

Moderna's Investigational Cancer Therapy Shows Promising Early Trial Results

Moderna (MRNA) said Friday that early clinical trial data for its cancer therapy mRNA-4359 showed an 83% overall response rate, building confidence in the treatment's potential.The therapy is being evaluated in combination with pembrolizumab, an immunotherapy drug for various types of cancer, as a first-line treatment for patients with advanced or metastatic melanoma.The company said the US Food and Drug Administration has granted Fast Track designation to the combination for certain patients with advanced melanoma, which could speed up its development and regulatory review.Moderna will present results from the Phase 1/2 study at the American Association for Cancer Research annual meeting, scheduled for April 17 to April 22.Price: $54.50, Change: $-0.18, Percent Change: -0.33%

$MRNA

Mining & Metals62d ago

Metals Creek Resources Gets Conditional TSXV OK On Financing As Raises $557,500 in First Tranche of Private Placement

Metals Creek Resources (MEK.V), trading near 52 week lows, said Friday said it has received conditional approval from the TSX Venture Exchange for its non-brokered private placement and has closed a first tranche, raising $557,500 through the issuance of nearly 18.4 million non-flow-through (NFT) units and 200,000 flow-through (FT) units.The company plans to raise up to $750,000 from NFT units priced at $0.03 each and up to $500,000 from FT units priced at $0.035 each, according to the statement.Proceeds from the FT units will be used to fund exploration work in Newfoundland and Ontario, including the Ogden Gold Project, the company added.

$MEK.V

Sectors62d ago

Sector Update: Health Care

Health care stocks climbed late Friday afternoon, with the NYSE Health Care Index rising 1.3% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 1.4%.The iShares Biotechnology ETF (IBB) advanced 1.4%.In corporate news, Abbott Laboratories' (ABT) end-markets remain healthy despite a lower 2026 organic revenue guidance amid fiscal Q1 challenges and mixed performance, RBC Capital Markets said in a note. Abbott shares rose 1.5%.

$ABT

Wire62d ago

Evaxion's New Data Suggests AI-Immunology Platform Can Develop Glioblastoma Vaccines

Evaxion Biotech (EVAX) said late Friday new data demonstrates its AI-Immunology platform's ability to potentially develop vaccines for glioblastoma, a type of brain cancer.The data will be presented at the AACR Annual Meeting in San Diego on Wednesday. This data confirms how AI-Immunology can be applied across different cancers and diseases, the company said.Evaxion said it has collaborated with Duke University School of Medicine to identify endogenous retrovirus-derived antigens in tumor samples from several glioblastoma patients to include in vaccines targeting the brain cancer, for which a few therapeutic options are available.The company said it also identified neoantigens of sufficient quality to include in a vaccine in most of the patients.Price: $4.61, Change: $+0.47, Percent Change: +11.26%

$EVAX

Wire62d ago

Ciena Insider Sold Shares Worth $1,379,976, According to a Recent SEC Filing

Gary B Smith, Director, President, CEO, on April 15, 2026, sold 2,952 shares in Ciena (CIEN) for $1,379,976. Following the Form 4 filing with the SEC, Smith has control over a total of 278,413 common shares of the company, with 278,413 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/936395/000103255326000017/xslF345X05/edgardoc.xmlPrice: $505.69, Change: $+10.52, Percent Change: +2.12%

$CIEN

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Oil & Energy62d ago