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Sector Update: Health Care Stocks Lower Friday Afternoon

Health care stocks declined Friday afternoon, with the NYSE Health Care Index decreasing 0.7% and the State Street Health Care Select Sector SPDR ETF (XLV) falling 1.2%.The iShares Biotechnology ETF (IBB) dropped 1.8%.In corporate news, Replimune (REPL) shares tumbled 19%. The company's biologics license application for vusolimogene oderparepvec to treat unresectable advanced cutaneous melanoma was rejected by the US Food and Drug Administration, the regulator said in a complete response letter.Abbott Laboratories (ABT) has been ordered by a jury in Chicago to pay $53 million in compensatory damages to a group of families related to four cases over its infant formula, the Chicago Tribune reported. The families accused the company of allegedly failing to inform them that its infant formula could develop a dangerous intestinal disease in premature infants, the report said. Abbott shares fell 2.9%.Organon (OGN) is closing in on a deal to be acquired by Sun Pharmaceutical Industries for $12 billion, The Economic Times reported. Organon shares surged 23%.

$ABT$OGN$REPL

Oil & Energy66d ago

EMEA Oil Update: Crude Mixed on Saudi Supply Concerns Ahead of US-Iran Talks

EMEA crude futures diverged in after-hours trading on Friday on concerns over Saudi Arabia supply disruptions and persistent bottlenecks in the Strait of Hormuz ahead of Iran-US talks.Brent crude futures gained by 1.22% to $97.17 per barrel, while Murban oil futures were down 1.66% to $97.97/bbl.ING strategists said crude extended gains for a second session amid fresh Middle East supply concerns.On Thursday, Saudi Arabia said Iranian attacks on its energy infrastructure reduced the country's oil production capacity and East-West Pipeline throughput by about 600,000 barrels per day and 700,000 b/d, respectively.Saudi Arabia's Ministry of Energy said Thursday Iran's continued attacks on energy infrastructure lead to reduced supply and slow recovery, according to local media reports. Kuwait also said it intercepted drone attacks targeting key energy facilities on Friday.Earlier in the week, the US Energy Information Administration said Middle East producers shut in about 7.5 million b/d of crude oil production in March as storage capacity tightened, with outages projected to rise to 9.1 million b/d in April.Fueling bearish sentiment, President Trump intensified his rhetoric against Tehran, saying Iran "doesn't seem to realize they have no cards," the only leverage the country holds is its ability to create short-term pressure by blocking the Strait.The remarks come a day after Trump warned that Iran should stop charging tolls to vessels transiting the strategic waterway, as tanker traffic remains restricted on Friday.ING analysts said while Trump struck an optimistic tone on resolving the six-week conflict, he threatened Tehran over charging fees in the Hormuz.The latest shipping data shows that vessel activity through the Hormuz has increased slightly since the ceasefire took effect on Apr. 8, but flows remain well below normal levels. MarineTraffic said 14 vessels crossed the Strait on Apr. 8-9, including nine crossings on Apr. 9.On Friday, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that two agreed-upon actions, a ceasefire in Lebanon and the release of Iran's blocked assets, must be implemented before negotiations begin.Going forward, market participants' focus is now on the sustainability of the US-Iran ceasefire ahead of talks in Islamabad, Pakistan, on Saturday.Saxo Bank strategists said the Hormuz closure remains a key focus ahead of talks between US and Iranian officials.

Sectors66d ago

Sector Update: Consumer Stocks Decline in Afternoon Trading

Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.2%.In sector news, US consumer sentiment hit the lowest on record this month, reflecting heightened worries about higher prices and the overall economic fallout from the Middle East conflict, University of Michigan's preliminary survey showed Friday. The main sentiment index plunged about 11% to 47.6 in April from March. That's the lowest print on record, BMO Capital Markets said in a note. Wall Street expected a 51.5 print, according to Bloomberg's poll.In corporate news, Tesla (TSLA) Chief Executive Elon Musk's xAI has filed a lawsuit against the State of Colorado regarding a new AI bill aimed at protecting consumers from "algorithmic discrimination," according to court filings. Tesla shares were down 0.5%.Simply Good Foods (SMPL) shares fell 10% after Stephens downgraded the company's rating to equal-weight from overweight and cut its price target to $14 from $24.CarMax (KMX) shares rose 1.7% after it said late Thursday it plans to add William Cobb and James Kessler to its board following "constructive engagement" with activist investor Starboard Value.

$KMX$SMPL$TSLA

Commodities66d ago

Eni Unit Plenitude Closes $586 Million ACEA Deal, Adds 1.2 Million Customers

Eni (E) said Friday its unit Plenitude completed a roughly 500 million euro ($586 million) acquisition, adding about 1.2 million customers.Plenitude, a subsidiary of Eni, finalized the purchase of full ownership in Acea Energia and a 50% stake in Umbria Energy, completing a transaction previously cleared by regulators.The deal transfers around 1.2 million customers to Plenitude, though vulnerable electricity users were excluded and will remain under ACEA.The total consideration is approximately 500 million euros, based on an enterprise value of 448 million euros, adjusted for the cash position as of Dec. 31, 2024, along with other agreed financial adjustments.The structure also includes dividend-related adjustments of about 82 million euros paid to ACEA, as well as provisions tied to transaction timing and any potential financial leakages.An additional earnout of up to 100 million euros may be paid depending on operating performance, with evaluation scheduled for completion by June 30, 2027.ACEA is an Italy-based infrastructure group focused on water, energy, and environmental services, with 116 years of operations, leading Italy's water sector and expanding internationally, while emphasizing regulated assets and sustainability-driven growth.Plenitude operates in 15+ countries with 5.8 gigawatts capacity and 11 million customers, targeting 15 gigawatts, 15 million users, and 30,000 EV charging points by 2030.Price: $56.30, Change: $+0.62, Percent Change: +1.11%

Insider Trading66d ago

Pharvaris Insider Sold Shares Worth $647,281, According to a Recent SEC Filing

Berndt Modig, Director, Chief Executive Officer, on April 09, 2026, sold 23,333 shares in Pharvaris (PHVS) for $647,281. Following the Form 4 filing with the SEC, Modig has control over a total of 1,092,084 common shares of the company, with 142,084 shares held directly and 950,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1830487/000119312526150954/xslF345X05/ownership.xmlPrice: $26.52, Change: $-0.55, Percent Change: -2.03%

$PHVS

Research66d ago

Research Alert: CFRA Maintains Strong Buy Rating On Vrt Shares

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Data center spend remains in an uptrend in 2026, with recent U.S. census bureau data indicating that data center construction spending has now eclipsed investments in commercial office buildings. We revise our EPS growth assumptions higher ahead of VRT's Q1 print in late April, updating our 12-month target to $325 from $285, valuing shares at 38.8x our 2027 EPS outlook of $8.37 (up from $8.15; 2026 EPS view changed to $6.18 from $6.04), an above-trend multiple that we see as warranted given VRT's multi-pronged approach to capitalizing on unprecedented demand for electrical management and thermal cooling technologies. In our view, VRT has done a commendable job of positioning itself as a leading manufacturer and service provider of data center infrastructure, developing a "systems" approach to their offerings that helps to deepen the company's competitive positioning. VRT continues to successfully leverage partnerships, accelerating product development and further embedding the company in the AI ecosystem.

$VRT

Mining & Metals66d ago

RBC on Blackberry Returning to Growth

RBC Capital Markets on Friday said BlackBerry (BB.TO, BB) reported solid fourth-quarter results that beat RBC and consensus estimates.The company's fiscal 2027 revenue guidance also flagged improved growth, above expectations, notes analyst Paul Treiber, who is nevertheless maintaining a sector-perform rating and US$4.50 price target on the stock to reflect compression in software peer valuations.The company is benefitting from increasing uptake of its expanded QNX portfolio: management sees middleware as an emerging opportunity, and initial interest appears positive, with Mercedes-Benz currently in discussions, Treiber notes.Secure Communications also returned to growth with BlackBerry seeing increasing demand from governments related to digital sovereignty.Price: $5.29, Change: $+0.04, Percent Change: +0.76%

$BB$BB.TO

US Markets66d ago

ServiceNow's Moat Threatened Amid Growing AI Automation Risks, UBS Says in Downgrade

ServiceNow's (NOW) competitive advantage may have eroded amid growing evidence that workflow automation tasks can be automated by harnessing artificial intelligence models, UBS Securities said in a note e-mailed Friday.The company, which provides both software- and platform-as-a-service offerings, may also be facing headwinds from indications of reduced enterprise spending on non-AI or core software, the brokerage said."Our view to date, and the reason why ServiceNow has been our only buy-rated application software stock, has been that it has a wider moat and a more compelling 'AI winner' narrative than peers such as Salesforce (CRM) and Workday (WDAY)," UBS analysts Karl Keirstead and Claire Gerdes said in a note to clients."Now, we have less confidence in that view given anecdotes that workflow automation tasks can indeed be automated by harnessing AI models, raising the risk that more enterprises may do so instead of upgrading to ServiceNow's Pro Plus/Now Assist stock keeping unit," the duo wrote.UBS downgraded its rating on the ServiceNow stock to neutral from buy and lowered its price target to $100 from $170.The company's shares were down 8.6% in Friday afternoon trade, bringing its year-to-date losses to 46%.UBS said it now sees ServiceNow posting "skinnier-than-normal" beats in the quarters ahead."While ServiceNow has a strong track record of beating its guidance and hence we're not calling for a miss, the most likely scenario now appears to be skinnier-than-normal beats in the coming quarters and more limited upside to the guidance for stable organic (constant-current subscription revenue) growth of 19% in 2026," the analysts said.Earlier this year, ServiceNow agreed to integrate OpenAI's AI models directly into its business software under a multiyear deal aimed at helping accelerate enterprise AI adoption and outcomes.ServiceNow is scheduled to report first-quarter financial results April 22.Price: $82.33, Change: $-7.48, Percent Change: -8.33%

$CRM$NOW$WDAY

Commodities66d ago

US Natural Gas Update: Futures Edge Lower in Listless Trade

US natural gas futures edged lower in subdued midday trading Friday as storage data largely matched expectations and shoulder-season demand remained weak against a backdrop of ample supply.The front-month Henry Hub contract, along with the continuous contract, fell 0.56% to $2.66 per million British thermal units.Earlier in the session, prices touched an eight-month low of $2.63/MMBtu before recovering.Analysts at Gelber and Associates said the primary driver continues to be fading weather-related demand, with warmer temperatures reducing residential and commercial consumption. Export demand, however, offered some support, with flows to Mexico holding at 7.4 Bcf/d and LNG feedgas near 20.2 Bcf/d.Production rebounded to 109.3 Bcf/d, while Canadian imports remained steady at 5.1 Bcf/d, bringing total supply to 114.4 Bcf/d and leaving the domestic market well supplied, the firm added.On Thursday, the US Energy Information Administration reported a 50 billion cubic feet injection into storage for the week ended Apr. 3. The build exceeded the prior week's 36 Bcf injection but fell short of the 57 Bcf added during the same period last year. The figure also came in above market expectations of a 41-Bcf increase, according to data compiled by Investing.com.Despite the larger-than-expected build, the Energy Buyer's Guide said the report failed to provide fresh directional momentum for prices. It noted that next week's data may show a slightly smaller injection before builds accelerate in subsequent weeks."Unless the weather turns less bearish or supply slips again, Henry Hub looks more likely to stay tied to soft spring fundamentals than to break into a broader move higher," Gelber and Associates said.

Sectors66d ago

Sector Update: Tech Stocks Gain Friday Afternoon

Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 1.8%.The Philadelphia Semiconductor index climbed 2.3%.In corporate news, CoreWeave (CRWV) shares jumped 11% after the AI cloud computing company struck a deal to support the development and deployment of Anthropic's Claude AI models.Commvault Systems (CVLT) is exploring a sale after receiving takeover interest from multiple private equity firms and strategic buyers, Reuters reported. The data protection software provider is working with Goldman Sachs (GS) to weigh its options, the report said. Commvault shares popped 10%.Microsoft-backed (MSFT) OpenAI and its ChatGPT are under investigation by Florida Attorney General James Uthmeier over potential national security risks and alleged links to criminal activity, The Wall Street Journal reported Friday. Subpoenas are expected as part of the probe, which raises concerns about possible misuse of AI by foreign adversaries, including China, the report said, citing Uthmeier. Microsoft shares were down 0.7%.

$CRWV$CVLT$MSFT

Sectors66d ago

Sector Update: Financial

Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) falling 1.2%.The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was little changed.Bitcoin (BTC-USD) was increasing 1.5% to $72,873, and the yield for 10-year US Treasuries rose 2.6 basis points to nearly 4.32%.In economic news, US consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher. The consumer price index advanced 0.9% last month, its strongest pace of growth since June 2022, the Bureau of Labor Statistics reported Friday. The latest print met a Bloomberg-polled consensus view. Prices rose 0.3% in February. Annually, inflation grew to 3.3% from February's 2.4% rise, falling short of Wall Street's 3.4% projection.In corporate news, Fair Isaac (FICO) shares dropped 13% after Barclays cut its price target on the stock to $1,950 from $2,400 while maintaining its overweight rating.

$FICO

Sectors66d ago

Sector Update: Energy

Energy stocks were mixed Friday afternoon, with the NYSE Energy Sector Index fractionally higher and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.8%.The Philadelphia Oil Service Sector Index was shedding 0.7%, and the Dow Jones US Utilities Index was up 0.1%.In sector news, President Donald Trump said Friday in a phone interview with the New York Post that US warships are being restocked with ammunition in order to resume strikes should peace talks with Iran falter this weekend.Front-month West Texas Intermediate crude oil was rising 0.4% to $98.23 a barrel, and the global benchmark Brent crude contract was advancing 1.1% to $96.94 a barrel. Henry Hub natural gas futures fell 0.6% to $2.65 per 1 million BTU.In corporate news, Shell (SHEL) confirmed in an email toon Friday that it is in talks with Venezuela to produce natural gas at the Loran-Manatee offshore field, which crosses the border of Venezuela and Trinidad and Tobago. The company expects to produce gas from Manatee in 2027 but has yet to take a final investment decision on the Loran field, according to a spokesperson. Shell shares were up 0.9%.

$SHEL

Mining & Metals66d ago

Teako Minerals to Close the Final Tranche of Private Placement of Shares

Teako Minerals (TMIN.CN) on Friday said it plans to the final tranche of a non-brokered private placement of shares ng for the issuance of common shares.The company said it has subscription for 12.27-million shares in the tranche it plans to close on or before April 17, raising C$736,230.The company plans to use proceeds for anticipated exploration activities as well as general working capital purposes.Shares of the company were last seen up $0.005 at $0.055 on the Canadian Securities Exchange.

$TMIN.CN

Commodities66d ago

Australia Approves Viva Energy LNG Terminal to Boost Supply Security

Viva Energy said Thursday that its Geelong LNG terminal has secured federal environmental approval, advancing a key project to support Australia's energy security.The approval, granted under the Environment Protection and Biodiversity Conservation Act, allows the liquefied natural gas terminal to proceed subject to conditions, the company said.The decision follows a favorable environmental assessment by the Victorian government last year, which cleared the project after reviewing its broader environmental impact, it added.Viva Energy said the planned terminal at Geelong Refinery Pier is positioned to deliver a reliable gas supply as domestic production declines, supporting southeast Australia's energy needs.Independent studies found the project would not affect the Corio Bay marine ecosystem or nearby Ramsar wetlands, addressing key environmental concerns, Viva Energy added.Separately, Viva Energy also noted it is working with Export Finance Australia to secure additional fuel supplies to strengthen national energy resilience during the Middle East crisis.The agreement enables faster procurement and delivery of fuel into Australia, supported by government measures including price backing and potential working capital support, it said.Viva Energy added its refining operations, national import terminals, and trading partnership with Vitol position it to respond quickly to supply disruptions and support broader fuel security efforts.

Commodities66d ago

Update: US Rig Count Drops by 3, Baker Hughes Says

(Updates to include additional details.)The combined count of crude oil, natural gas, and miscellaneous rigs in the US dropped by three to 545 in the week ending Apr. 10, according to data from Baker Hughes (BKR) released Friday.The number of oil rigs in the US held steady at 411 from last week, while the number of gas rigs dropped by three from 130 the previous week to 127.The number of miscellaneous rigs in the US held steady at seven from last week, the data revealed. The US had 472 oil, 105 gas, and six miscellaneous rigs in operation a year earlier.The consolidated North American oil and gas rig count, a key early indicator of future production levels, dropped by 10 to 680 from 690 the previous week.Price: $62.79, Change: $-0.63, Percent Change: -1.00%

$BKR

Sectors66d ago

Sector Update: Health Care

$REPL

Commodities66d ago

US Rig Count Drops by 3, Baker Hughes Says

The combined count of crude oil, natural gas, and miscellaneous rigs in the US dropped by three to 545 in the week ending Apr. 10, according to data from Baker Hughes (BKR) released Friday.The number of oil rigs in the US held steady at 411 from last week, while the number of gas rigs dropped by three from 130 the previous week to 127.Price: $62.79, Change: $-0.63, Percent Change: -0.99%

$BKR

Oil & Energy66d ago

Trump Says Iran Weak Beyond Waterway Pressure as Vance Heads to Islamabad for Key Talks

US President Donald Trump on Friday said Iran lacks leverage beyond short-term pressure via global waterways, stressing negotiations as its only viable path.Trump said in a Truth Social post, "The Iranians don't seem to realize they have no cards, other than a short term extortion of the World by using international waterways. The only reason they are alive today is to negotiate!"On Friday, Trump told the New York Post in an interview that a decision on Iran talks is expected within about 24 hours, signaling a critical window for a potential agreement."We're going to find out in about 24 hours," Trump reportedly said when asked about the likelihood of successful negotiations.He added that the US is rearming ships with "the best ammunition" and more advanced weapons than previously deployed, adding that the military is in a stronger position than in earlier operations.Trump said if no agreement is reached, the US will use those capabilities, warning any action would be carried out "very effectively."has reached out to the White House for any comments.Ahead of the US-Iran talks in Islamabad, oil prices held near Thursday's levels, with West Texas Intermediate rising 0.34% to $98.20 per barrel and Brent up 0.80% to $96.69/bbl, while Murban fell 1.66% to $97.97/bbl.

Sectors66d ago

Sector Update: Consumer

Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.2%.In corporate news, Tesla (TSLA) Chief Executive Elon Musk's xAI has filed a lawsuit against the State of Colorado regarding a new AI bill aimed at protecting consumers from "algorithmic discrimination," according to court filings. Tesla shares were down 0.6%.

$TSLA

Asia Markets66d ago

Exchange-Traded Funds Fall, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV declined. Actively traded Invesco QQQ Trust (QQQ) eased 0.1%.US equity indexes were mixed in midday trading Friday as a fragile Iran ceasefire deal looked set to hold until peace talks start in Pakistan.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each dropped about 0.8%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 0.4%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) each added 0.3%.The State Street SPDR S&P Semiconductor (XSD) gained 1.6%, and iShares Semiconductor (SOXX) climbed 2.4%.FinancialThe State Street Financial Select Sector SPDR (XLF) fell 1.1%. Direxion Daily Financial Bull 3X Shares (FAS) declined 3.4%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed 3.6%.CommoditiesCrude oil rose 0.6%, and the United States Oil Fund (USO) eased 0.4%. Natural gas fell 012%, and the United States Natural Gas Fund (UNG) dropped 0.8%.Gold on Comex lost 0.7%, and the State Street SPDR Gold Shares (GLD) fell 0.1%. Silver shed 0.1%, and iShares Silver Trust (SLV) rose 0.8%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) eased 1%. The Vanguard Consumer Staples ETF (VDC) fell 1.1%, and iShares Dow Jones US Consumer Goods (IYK) was 0.6% lower.The State Street Consumer Discretionary Select Sector SPDR (XLY) fell 0.3%. VanEck Retail ETF (RTH) dropped 0.6%, while the State Street SPDR S&P Retail (XRT) declined 1.4%.Health CareThe State Street Health Care Select Sector SPDR (XLV) fell 0.9%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) dropped. IShares Biotechnology ETF (IBB) shed 1.6%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) eased 0.1%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) dropped.CryptocurrencyIn midday activity, bitcoin (BTC-USD) rose 0.7%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 1.2%, ProShares Ether ETF (EETH) gained 1.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 0.2%.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

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Oil & Energy66d ago