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Sector Update: Healthcare Stocks Advance Late Afternoon

Healthcare stocks were higher late Monday afternoon, with the NYSE Healthcare Index rising 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.8%.The iShares Biotechnology ETF (IBB) advanced 0.7%.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 2.5%.AstraZeneca (AZN) shares were up 0.8% after it posted higher Q2 core earnings and revenue, and raised its interim dividend.Ensign (ENSG) shares climbed nearly 3% after it reported higher Q2 adjusted earnings and revenue, and raised its 2026 outlook.Veru (VERU) said Monday it has completed enrollment in a phase 2 trial evaluating its experimental drug enobosam in combination with semaglutide, in about 200 adults aged 65 and older with obesity. Veru shares gained 3.1%.

$ARGX$AZN$ENSG$FBRX$VERU

Wire8d ago

Aramark Seen Benefiting From Data Centers, Core Momentum, Truist Says

Aramark (ARMK) is likely to benefit from faster data center growth, strong new-business wins, high customer retention and steady demand across its core food and support service operations, Truist Securities said Monday in a report.Truist expects Aramark to report slightly better-than-expected fiscal Q3 revenue and adjusted operating income, though major contributions from its Nexus data center business may take another two to three quarters to show in results.Aramark may finish fiscal 2026 near the top of its 7% to 9% organic growth target as new contracts, strong retention and early Nexus business add to growth, the report said.Truist estimates a $39 billion US market for Nexus and said Aramark's second AI data center customer may eventually generate hundreds of millions of dollars in annual revenue if multiple sites and services are added.Truist raised its price target on Aramark stock to $70 from $58 and maintained its buy rating. Fiscal Q3 results are expected Aug. 11.Price: $57.78, Change: $+0.60, Percent Change: +1.05%

$ARMK

Japan8d ago

Update: US Equity Indexes Mixed as Tech Heads Lower While Iran Strikes Remain Halted

(Updates with index/price moves 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 a pause in strikes on Iran entered its third day.The Dow Jones Industrial Average climbed 0.5% to 52,193.5, and the S&P 500 rose 0.1% to 7,419.7 ahead of Monday's close. The Nasdaq Composite slipped less than 0.1% to 24,964.2. Technology was the third-worst performer.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 4.4%, the Dow's steepest decliner. The SK Hynix stock plummeted 5.6%.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.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, fell 2.1%.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. "They asked us very nicely, 'Please stop, let's meet,'" Trump told reporters aboard Air Force One, according to CNN. "And that's where we are right now, see what happens. If we don't make a deal, we go back to the same thing."Iran's Foreign Ministry said there are no current negotiations with the US, CNN reported.Almost all of the 78 vessels that crossed the Strait of Hormuz since Saturday used the route designated by Iran, and none were recorded using the southern route near Oman's coast promoted by the US, CNN cited Marisks, a shipping intelligence group.The front-month US West Texas Intermediate sank 7.8% to $82.39 a barrel, and global benchmark North Sea Brent plunged 8.9% to $88.19 a barrel.

Dow JonesNasdaq CompositeS&P 500$MSFT$NVDA$SKHY$SMH

Sectors8d ago

Sector Update: Tech Stocks Decline Late Afternoon

Tech stocks were lower late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) shedding 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.8%. The Philadelphia Semiconductor index fell 2.1%.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 4.8%.ASML (ASML) shares fell 5.6% after The Information reported that a Chinese state-backed company has started making 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 0.1%.Cognizant Technology Solutions (CTSH) said Monday it has struck a five-year partnership with Andover to scale its systems, unify its data, and help lay the foundation for AI adoption in underwriting and claims. Cognizant shares rose 4.5%.

$AMZN$ASML$CTSH$NVDA

Wire8d ago

Royal Philips Q2 Income From Continuing Operations, Sales Rise

Royal Philips (PHG) reported Q2 income from continuing operations Monday of 609 million euros ($692.4 million), up from 400 million euros a year earlier.Sales for the quarter ended June 30 were 4.4 billion euros, compared with 4.3 billion euros a year earlier.Analysts polled by FactSet expected 4.31 billion euros.For 2026, the company continues to expect comparable sales growth of 3% to 4.5%.The company now expects an adjusted EBITDA margin of 13.5% to 14.0%, up from 12.5% to 13.0% previously, and free cash flow of 1.5 billion euros to 1.7 billion euros, up from its prior range of 1.3 billion euros to 1.5 billion euros.Shares of Royal Philips were down 4.4% in Monday afternoon trading.Price: $25.21, Change: $-0.96, Percent Change: -3.67%

$PHG

Sectors8d ago

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks advanced in late Monday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.9%.The Philadelphia Housing Index was up 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.3%.Bitcoin (BTC-USD) was declining 0.7% to $64,905, and the yield for 10-year US Treasuries fell 3.8 basis points to 4.641%.In corporate news, Brookfield Asset Management (BAM) has raised $2 billion for Brookfield Middle East Partners, a new private equity fund anchored by Saudi Arabia's Public Investment Fund and other institutional partners, PIF said Monday. Brookfield Asset Management shares rose 2.5%.TPG (TPG) is engaged in exclusive talks to buy Macquarie-backed Netrality Data Centers, Bloomberg reported. TPG shares were up 0.4%.Ares Management (ARES) held discussions to acquire private equity firm Leonard Green & Partners to expand its private equity business, the Financial Times reported. Ares shares added 0.6%.Bank of Hawaii (BOH) reported higher-than-expected Q2 earnings, but revenue growth fell short of market expectations. Its shares fell 4.4%.

$ARES$BAM$BOH$TPG

Commodities8d ago

US Biofuels Update: US Strike Delays on Iran Plunged Soybean, Soybean Oil Futures

Biofuels feedstock futures closed sharply lower on Monday, pressured by easing tensions in the Middle East that sparked liquidation in the soybean market.The Chicago Board of Trade August soybean futures contract closed 3.35% lower at $12.06 1/4 per bushel, while the CBOT August soybean oil futures contract settled 3.98% lower at 71.37 cents per pound.The Nymex August ethanol futures contract settled 0.52% higher on Friday at $1.94 per gallon.Rhett Montgomery, a DTN analyst, said corn and soybeans were pressured by what began as an energy-inspired bout of profit-taking that quickly snowballed into a larger liquidation event."Given the nature of weather and geopolitical rallies to be very volatile and quick to change, traders are displaying heightened caution of being caught on the wrong side of long positions during a time of the year where crop prices tend to move lower," Montgomery said.On Monday, China bought 132,000 metric tons of US soybeans for delivery during the 2026/2027 marketing year. An unknown buyer picked up 126,000 metric tons for delivery during the 2026/2027 marketing year, the US Department of Agriculture reported.USDA's Weekly Export Inspection Report on Monday showed that soybean bookings totaled 12.8 million bushels for the week ending July 23. Total inspections for 2025-26 are now at 1.433 billion bushels, down 17% from the previous year.USDA is estimating soybean exports to total 1.520 bb in 2025-26, down 20% from the previous year. Soybean inspections are running ahead of USDA's estimated pace at a time when USDA's estimate of soybean ending stocks is 13% larger than the previous five-year average.

Sectors8d ago

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks were higher late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.3%.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 1.6%.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. Its shares rose 2.9%.Coca-Cola FEMSA (KOF) shares jumped past 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 4.3%, and its Class B shares climbed 4.8%.

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

Sectors8d ago

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index falling 2.2% and the State Street Energy Select Sector SPDR ETF (XLE) down 1.7%.The Philadelphia Oil Service Sector Index was shedding 1.7%, and the Dow Jones US Utilities Index fell 1.2%.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.Front-month West Texas Intermediate crude oil fell 8% to $82.14 a barrel, and the global benchmark Brent crude contract dropped 9.1% to $88.00 a barrel. Henry Hub natural gas futures shed 4.1% to $2.75 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 down 1.1%.Ameren (AEE) unit Ameren Missouri said Monday it plans to build the West Alton Energy Center, a 2,100-megawatt combined-cycle natural gas power plant designed to provide baseload electricity, support economic growth and strengthen grid reliability. Ameren shares were shedding 1.4%.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 2.8%.Baker Hughes (BKR) shares jumped past 5% after it posted Q2 adjusted earnings and revenue that topped analysts' expectations.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. Chevron shares were down 2%.

$AEE$BKR$CVX$EXE$TTE

Wire8d ago

Sector Update: Healthcare

Healthcare stocks were higher late Monday afternoon, with the NYSE Healthcare Index rising 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.8%.The iShares Biotechnology ETF (IBB) advanced 0.7%.In corporate news, Veru (VERU) said Monday it has completed enrollment in a phase 2 trial evaluating its experimental drug enobosam in combination with semaglutide, in about 200 adults aged 65 and older with obesity. Veru shares gained 4.9%.

$VERU

Sectors8d ago

Sector Update: Tech

Tech stocks were lower late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 0.7% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.8%.The Philadelphia Semiconductor index shed 2.1%.In corporate news, Cognizant Technology Solutions (CTSH) said Monday it has struck a five-year partnership with Andover to scale its systems, unify its data, and help lay the foundation for AI adoption in underwriting and claims. Cognizant shares were up 4.4%.

$CTSH

Sectors8d ago

Sector Update: Financial

Financial stocks were higher in late Monday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.9%.The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.3%.Bitcoin (BTC-USD) was declining 0.7% to $64,905, and the yield for 10-year US Treasuries fell 3.8 basis points to 4.641%.In corporate news, Brookfield Asset Management (BAM) has raised $2 billion for Brookfield Middle East Partners, a new private equity fund anchored by Saudi Arabia's Public Investment Fund and other institutional partners, PIF said Monday. Brookfield Asset Management shares rose 2.3%.

$BAM

Wire8d ago

Genco Continues Review of Diana Shipping's Buyout Proposal After Tender Offer Ends

Genco Shipping & Trading (GNK) said its board is continuing to review Diana Shipping's (DSX) nonbinding acquisition proposal following the unsolicited tender offer expired."Our advisors have engaged with Diana's advisors on multiple occasions to discuss their proposal, including its price, structure and terms," Genco said Monday in a statement."Genco will continue to engage in good faith discussions with Diana with the goal of determining whether a transaction that fully and fairly compensates Genco shareholders is achievable" according to the statement.Earlier Monday, Diana said it terminated its tender offer, removing what Genco had cited as a barrier to substantive negotiations.Genco shares fell 5.6% in Monday trading, and Diana dropped 3.1%.Price: $25.28, Change: $-1.49, Percent Change: -5.57%

$DSX$GNK

Insider Trading8d ago

Westinghouse Air Brake Technologies Insider Sold Shares Worth $300,640, According to a Recent SEC Filing

Sameer Gaur, President, Global Freight Services, on July 24, 2026, sold 1,000 shares in Westinghouse Air Brake Technologies (WAB) for $300,640. Following the Form 4 filing with the SEC, Gaur has control over a total of 10,985 common shares of the company, with 10,985 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/943452/000094345226000004/xslF345X05/wk-form4_1785179516.xmlPrice: $298.61, Change: $-3.89, Percent Change: -1.29%

$WAB

Sectors8d ago

Sector Update: Consumer

Consumer stocks were higher late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.3%.In corporate news, 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. Its shares rose 2.9%.

$JBLU

Insider Trading8d ago

Westinghouse Air Brake Technologies Insider Sold Shares Worth $2,124,840, According to a Recent SEC Filing

Eric Gebhardt, Chief Technology Officer, on July 24, 2026, sold 7,100 shares in Westinghouse Air Brake Technologies (WAB) for $2,124,840. Following the Form 4 filing with the SEC, Gebhardt has control over a total of 19,153 common shares of the company, with 19,153 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/943452/000094345226000005/xslF345X05/wk-form4_1785179570.xmlPrice: $298.30, Change: $-4.20, Percent Change: -1.39%

$WAB

Wire8d ago

Sector Update: Energy

$CVX

Wire8d ago

Huntington Earnings Seen Pressured Amid Net Interest Income Uncertainty, BofA Says in Downgrade

Huntington Bancshares' (HBAN) earnings are likely to remain pressured through 2027 amid uncertainty around the company's net interest income path, BofA Securities said Monday.Last week, the lender reported second-quarter net interest income, or NII, of $2.05 billion, falling short of a FactSet-polled consensus of $2.1 billion. The company expects 2026 NII between 39% and 43% and 2027 earnings in a range of $1.90 to $1.93 a share."While EPS visibility should improve, we are less certain that (Wall) Street gains conviction in the (2027) outlook given the pressure on (NII), underscored by the (roughly) 2% (second-quarter) NII miss and management now guiding (2026) NII to potentially land 'modestly below' the low end of its (39%-to-43%) range," BofA analyst Ebrahim Poonawala said in a note to clients Monday.The brokerage downgraded its rating on the Huntington stock to neutral from buy and reduced its price objective to $18.50 from $20.BofA also lowered the company's EPS estimate to $1.58 from $1.60 for 2026 and to $1.85 from $1.90 for next year.Huntington shares were down 1.2% in Monday late-afternoon trade.The company is "clearly not immune" to the NII pressures that its competitors are facing, BofA said."That said, with NII potentially tracking below the low end of the (2026) guide, we would have expected management to reset the bar, giving itself some margin for error," Poonawala wrote. "We could get constructive again on evidence that management's NII and (2027) EPS guidance are achievable -- or on a reset lower that removes the risk of a negative guidance revision."Price: $17.16, Change: $-0.20, Percent Change: -1.15%

$HBAN

Wire8d ago

Market Chatter: Ares Management Exploring Leonard Green & Partners Acquisition

Ares Management (ARES) held discussions to acquire private equity firm Leonard Green & Partners to expand its private equity business, the Financial Times reported Monday, citing people familiar with the matter.A deal, however, is not guaranteed, the sources told the media outlet.Ares Management Chief Executive Michael Arougheti said last year the company was open to an acquisition that would strengthen its legacy private equity business, the FT reported.Ares Management did not immediately respond 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: $126.35, Change: $-0.16, Percent Change: -0.13%

$ARES

Wire8d ago

Bank of Marin Bancorp Shares Rise after Q2 Results

Bank of Marin Bancorp (BMRC) shares were up more than 6% in Monday trading following its Q2 results.Earlier, the company posted quarterly earnings of $0.58 per diluted share, swinging from a loss of $0.53 a year earlier.Analysts polled by FactSet expected $0.52.Revenue for the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, was $34.0 million. Analysts also expected $34.0 million.Price: $30.68, Change: $+1.91, Percent Change: +6.64%

$BMRC

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Japan8d ago

Update: US Equity Indexes Mixed as Tech Heads Lower While Iran Strikes Remain Halted

Dow JonesNasdaq CompositeS&P 500$MSFT$NVDA$SKHY$SMH