FINWIRES — Financial News

Exchange-Traded Funds Fall as US Equities Decline After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) shed 0.1%.US equity indexes fell, giving up intraday gains, as crude oil futures gathered momentum in midday trading on Tuesday, with investors still awaiting confirmation from Iran that it will attend the second round of peace talks in Pakistan.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each gained about 0.8%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was up 0.1%; iShares US Technology ETF (IYW) fell 0.3% and iShares Expanded Tech Sector ETF (IGM) added 0.2%.The State Street SPDR S&P Semiconductor (XSD) rose 1.6%, and iShares Semiconductor (SOXX) was up 0.6%.FinancialThe State Street Financial Select Sector SPDR (XLF) shed 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.8%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed 0.8%.CommoditiesCrude oil rose 4.9%, and the United States Oil Fund (USO) gained 4%. Natural gas was up 0.4%, and the United States Natural Gas Fund (UNG) added 0.7%.Gold on Comex lost 1.9%, and the State Street SPDR Gold Shares (GLD) fell 2.1%. Silver shed 4.1%, and iShares Silver Trust (SLV) declined 4.1%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) eased 0.4%. The Vanguard Consumer Staples ETF (VDC) fell 0.3%, and iShares Dow Jones US Consumer Goods (IYK) was 0.9% lower.The State Street Consumer Discretionary Select Sector SPDR (XLY) fell fractionally. VanEck Retail ETF (RTH) rose 0.2%, while the State Street SPDR S&P Retail (XRT) dipped 0.1%.Health CareThe State Street Health Care Select Sector SPDR (XLV) fell 0.7%, iShares US Healthcare (IYH) declined 0.7%, and Vanguard Health Care ETF (VHT) was 0.8% lower. IShares Biotechnology ETF (IBB) fell 0.8%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) lost 1%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) also declined.CryptocurrencyIn midday activity, bitcoin (BTC-USD) shed 0.6%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 0.3%, ProShares Ether ETF (EETH) lost 0.8%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was down 1.9%.

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Asia Markets7d ago

US Equity Indexes Slip as Investors Await Fate of Iran Peace Talks in Pakistan

US equity indexes gave up intraday gains as crude oil futures gathered momentum after midday Tuesday, amid a fast-approaching deadline for Washington and Tehran to find a deal in the second round of talks in Pakistan.The Nasdaq Composite fell 0.3% to 24,339.8, with the S&P 500 down 0.3% to 7,087.2 and the Dow Jones Industrial Average lower by 0.2% to 49,370.3. All three gauges traded higher earlier in the session alongside corporate results.All sectors except consumer discretionary and energy fell, with real estate and industrials leading the decliners.President Donald Trump told CNBC on Tuesday that he expects the US and Iran to make a "great deal," referring to the proposed second round of talks in Islamabad that Iran has yet to confirm it will attend. The president added, however, that the US military is "ready" to bomb Iran if a deal is not signed by the ceasefire deadline late Wednesday and that he does not want to extend it.Iran has told regional mediators it would send a negotiating team to Islamabad on Tuesday, people familiar with the matter told The Wall Street Journal. But Tehran hasn't publicly confirmed it will send representatives, and Iran's top negotiator said, "We do not accept negotiations under the shadow of threats."West Texas Intermediate crude oil futures climbed 4.3% to $93.50, and Brent crude futures advanced 2.8% to $98.17.Most US Treasury yields rose, with the 10-year up 4.8 basis points to 4.3% and the two-year climbing 6.5 basis points to 3.78%.Gold futures declined 1.1% to $4,775.6 and silver futures dropped 2.4% to $78.15.In economic news, US retail sales rose 1.7% in March, above the 1.4% increase expected in a Bloomberg-compiled survey and following the previous month's revised 0.7% gain. Removing both motor vehicles and a 15.5% surge in gasoline station sales, retail sales were up 0.6% in March, the same as in February.Pending home sales rose by 1.5% in March, above the 0.5% increase expected in a survey compiled by Bloomberg and following a 2.5% increase in February, according to the National Association of Realtors. The monthly sales index was down 1.1% from March 2025.In company news, UnitedHealth Group (UNH) raised its full-year earnings outlook on Tuesday, as the health insurance giant recorded an unexpected annual increase in its Q1 results. Shares jumped 7.6%, the top gainer on the S&P 500 and the Dow.D.R. Horton's (DHI) fiscal Q2 results came in better than expected, although the homebuilder tempered its full-year revenue outlook. Shares advanced 7.1%, among the S&P 500's outperformers.Moody's (MCO) said Tuesday that it is deepening its partnership with Microsoft (MSFT) by embedding its credit intelligence into Microsoft 365 Copilot and other AI-driven enterprise tools, expanding its presence across financial workflows. Shares of Microsoft rose 1.4%, among the Dow's leaders.Apple (AAPL) shares fell 1.5%, among the Dow's laggards, a day after the company said that Tim Cook will become executive chairman after a nearly 15-year stint as chief executive officer, effective Sept 1.

$^DJI$^IXIC$^SPX$AAPL$DHI$MCO$MSFT$UNH

Australia7d ago

Tractor Supply First-Quarter Results Disappoint; Shares Tumble

Tractor Supply (TSCO) reported first-quarter results that missed Wall Street's projections amid a below-average performance of its companion animal product business, sending the retailer's shares tumbling on Tuesday.Per-share earnings for the quarter ended March 28 fell to $0.31 from $0.34 a year earlier and missed the FactSet-polled consensus of $0.34. Net sales grew 3.6% to $3.59 billion, but fell short of analysts' $3.63 billion estimate. Comparable store sales improved by 0.5%, while the Street projected 1.6% growth.Tractor Supply provides supplies for hobby farmers, ranchers, pet owners, homeowners and gardeners.The stock was trading 9.6% lower intraday, and has slumped about 19% so far this year."Companion animal performance reflects a number of structural headwinds. Sales were below the chain average," Chief Executive Hal Lawton said during an earnings call, according to a FactSet transcript. "Dog ownership, particularly in larger breeds, has come under pressure and our mix remains heavily weighted towards dog."Describing the retail environment as "cautious but stable," Lawton said spending is focused on "needs and small indulgences, with some evidence of trip consolidation within farm and ranch.""With the exception of companion animal, our consumable, usable and edible categories delivered consistent performance in line with our expectations led by poultry feed, bedding, livestock feed, and equine feed," Lawton told analysts.For 2026, the company continues to expect EPS of $2.13 to $2.23, and sales growth of 4% to 6%. Analysts are looking for full-year EPS of $2.18 on sales of $16.32 billion, which implies a 5.1% annual rise from 2025.Full-year comparable sales are projected to grow 1% to 3% this year, while analysts are looking for a 2% increase."Consistent with our outlook as we enter the year, we expect stronger EPS growth in (the second and fourth quarters) given the prior year's comparison on tariffs," Chief Financial Officer Kurt Barton said on the call. "The current environment remains fluid. We are managing the business based on what we know today, and have not assumed any incremental benefit from refunds in our outlook."The first-quarter shortfall raises some earnings risk for the year, Truist Securities said in a note."Weather-related performance swings can be sharp for Tractor and a key reason why investors evaluate this (company) in halves rather than quarters," Truist Managing Director Scot Ciccarelli wrote. "However, the softness in pet food suggests that the (the first-quarter) shortfall may not have been driven as much by weather."Price: $40.63, Change: $-4.18, Percent Change: -9.33%

$TSCO

Financial News · Live Terminal

Exchange-Traded Funds Fall as US Equities Decline After Midday

Exchange-Traded Funds Fall as US Equities Decline After Midday

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