Financial News · Live Terminal

Page 354 of 3481

Sector Update: Healthcare Stocks Gain Late Afternoon

Healthcare stocks were higher late Tuesday afternoon, with the NYSE Healthcare Index rising 2.3% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 2.4%.The iShares Biotechnology ETF (IBB) was up 0.8%.In corporate news, Iqvia (IQV) shares surged 13% after it reported a year-over-year increase in Q2 adjusted earnings and revenue. The company also raised its 2026 outlook.GSK (GSK) shares advanced 3.3% after it posted higher Q2 core earnings and sales that also beat analysts' estimates. Separately, GSK licensor Hansoh's phase 3 trial of risvutatug rezetecan to treat osteosarcoma, the most common primary bone cancer, achieved its primary endpoint in progression-free survival, GSK said Tuesday.Seer (SEER) shareholders Bradley Radoff and Michael Torok said Tuesday they have submitted their fourth non-binding proposal to buy the company, raising their offer to $2.55 per share in cash. Seer shares jumped past 9%.Zimmer Biomet (ZBH) shares climbed 3.7% after UBS upgraded the stock to buy from sell, and raised the price target to $115 from $89.

$GSK$IQV$SEER$ZBH

Japan10d ago

Update: US Equity Indexes Mixed as Semiconductor Heavyweights Restrain Nasdaq

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed as a slide in chipmakers pushed technology lower, weighing on the Nasdaq Composite and undermining the positive impact of sinking crude oil prices.The Dow Jones Industrial Average jumped 1.1% to 52,802.1, with the S&P 500 up 0.4% to 7,441.4 ahead of Tuesday's close. The tech-heavy Nasdaq Composite was little changed at 24,929.2.Energy, technology, and industrials were the sole decliners while healthcare, materials, and consumer staples topped the gainers.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, fell 2.7%. Among companies with a market capitalization of more than $200 billion, eight of the 10 worst performers were from the semiconductors and semiconductor equipment and materials industries, according to data compiled by Finviz.Shares of Corning (GLW) sank 13%, the second-worst performer on the S&P 500, after the company reported Q2 results and set guidance for the next quarter.In geopolitical news, President Donald Trump said talks with Iran were continuing but again threatened to destroy Iranian bridges and power plants if no deal is made, CNN reported. Iran's foreign ministry spokesman, Esmaeil Baghaei, said Tehran was not negotiating with the US but added that "intermediaries may convey messages from the American side to us regarding ongoing developments in the region," Al Jazeera, a Middle East broadcaster, reported.Iran's military said any ships belonging to a country or company using frozen Iranian assets will be blocked from transiting the Strait of Hormuz, CNN cited Iranian state media.Front-month US West Texas Intermediate slumped 4.2% to $79.12 a barrel, and global benchmark North Sea Brent dropped 5% to $83.94 a barrel.US Treasury yields fell, with the 10-year down 4.1 basis points to 4.6% and the two-year lower by 4.8 basis points to 4.28%.

Dow JonesNasdaq CompositeS&P 500$GLW$SMH

Commodities10d ago

US Biofuels Update: Soybean Futures Jump, Soybean Oil Prices Follow Crude Lower

Biofuels feedstock futures closed mixed on Tuesday, with soybeans trading higher and soybean oil under pressure from deeper losses in the crude oil market.The Chicago Board of Trade August soybean futures contract closed 0.23% higher at $12.11 1/4 per bushel, while the CBOT August soybean oil futures contract settled 0.88% lower at 70.83 cents per pound.The Nymex September ethanol futures contract settled 0.77% lower on Monday at $1.94 per gallon.September crude oil futures traded below $80 per barrel on Tuesday, as Iran and Oman use a pause in US strikes to negotiate a reopening of the Strait of Hormuz.Rhett Montgomery, a DTN analyst, said the soybean market recovered slightly from Monday's steep drop, which eliminated most of last week's gains, to start the new week.Futures were lifted by declining crop ratings in the US Department of Agriculture's Monday update, Montgomery said, noting, "but at the same time pressured by another energy-inspired drop in soybean oil futures as well as rainfall in the weekly forecast across the heart of the soybean belt."USDA announced on Tuesday Private sales of 197,272 metric tons of corn for delivery to unknown destinations during the 2026/2027 marketing year.

Sectors10d ago

Sector Update: Consumer Stocks Higher Late Afternoon

Consumer stocks gained late Tuesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.2%.Redbook US same-store sales last week rose 8.3% from a year earlier after a 7.8% increase in the previous week. Redbook said retailers have been clearing summer stock to bring in back-to-school items.US consumer confidence unexpectedly fell in July, with "little improvement" in business conditions expected over the next six months, a survey by the Conference Board showed. The consumer confidence index dropped to 90.8 from June's upwardly revised 92.2. The consensus was for 92.4 in a Bloomberg survey.In corporate news, Coca-Cola (KO) shares rose 4.5%. The company raised its full-year earnings growth outlook after reporting stronger-than-expected fiscal Q2 results.BuzzFeed (BZFD) shares jumped 8.8% after its board approved a plan to cut about 35% of its workforce and dedicated contractors to lower costs.Sherwin-Williams (SHW) shares climbed 8.4% after the paint manufacturer reported stronger-than-expected Q2 results and raised its full-year outlook.United Parcel Service (UPS) lifted its full-year revenue outlook after delivering Q2 results above consensus estimates. The company expects Q3 domestic revenue to be flat as operations with Amazon (AMZN) shrink. UPS shares fell 6.2%.

$BZFD$KO$SHW$UPS

Wire10d ago

LoanDepot Plans to Open New Corporate Center in Miami in September

LoanDepot (LDI) said Tuesday that it plans to open a new corporate center in Miami in September.The new center will initially accommodate 120 employees, and will house technology, marketing, recruiting, and other corporate support functions, the company said.Price: $1.03, Change: $+0.03, Percent Change: +2.68%

$LDI

Sectors10d ago

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) shedding 3.9%.The Philadelphia Semiconductor index declined nearly 4%.In corporate news, Amkor Technology (AMKR) shares dropped 23% after its Q3 revenue guidance came in below analysts' estimates.Corning (GLW) shares fell 12% after it reported Q2 results and set guidance for the next quarter.Meta Platforms (META) and asset manager BlackRock (BLK) have teamed up to develop a data center campus in El Paso, Texas, at a cost of roughly $14 billion, the companies said Tuesday. Meta shares were down 0.1%.EchoStar (ECHO) unit Hughes Network Systems is preparing to file for Chapter 11 bankruptcy as soon as this weekend, The Wall Street Journal reported. The satellite internet company is facing a $1.5 billion debt maturity which is due on Aug. 1, the report said. EchoStar shares were shedding 1.3%.

$AMKR$ECHO$GLW$META

Commodities10d ago

Market Chatter: UK Targets Speculative Data Center Projects With New Grid Rules

The UK plans to require financial commitments from data center developers seeking electricity grid connections to discourage speculative projects and ease congestion, Bloomberg reported Tuesday, citing an emailed statement from Ofgem.The report said Ofgem will outline proposals on Wednesday requiring developers to provide upfront financial guarantees while setting stricter milestones that could cost projects both their deposits and places in the grid connection queue.Data center projects have requested about 73 gigawatts of grid capacity, with 40 developments each seeking more than 500 MW, adding pressure to Britain's electricity network, the report added.Ofgem did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumors and speculation. Accuracy is not guaranteed.)

Sectors10d ago

Sector Update: Energy

Energy stocks were lower late Tuesday afternoon, with the NYSE Energy Sector Index down 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 1%.The Philadelphia Oil Service Sector Index shed 2.8%, and the Dow Jones US Utilities Index was fractionally higher.Front-month West Texas Intermediate crude oil fell 4.4% to $79.02 a barrel, and the global benchmark Brent crude contract dropped 5.1% to $83.89 a barrel. Henry Hub natural gas futures declined 4.2% to $2.65 per 1 million BTU.In corporate news, CenterPoint Energy (CNP) shares rose 0.6% after its Q2 non-GAAP earnings and revenue rose year on year and beat analysts' estimates.

$CNP

Wire10d ago

Brown & Brown's Margin Strength, Capital Discipline Stand Out in Q2, UBS Says

Brown & Brown's (BRO) solid margin performance and continued focus on capital deployment were key positives in its Q2 results, even as organic growth softened, UBS Securities said Monday in a report.UBS said management expects pricing trends to remain broadly consistent through H2, with excess-and-surplus casualty rates still rising amid a challenging legal environment. Brown & Brown plans to continue prioritizing share repurchases, internal investments and debt reduction while maintaining a focus on specialty businesses for mergers and acquisitions, the report said.On Monday, the company posted adjusted Q2 EPS of $1.07, compared with UBS's estimate of $1.06 and consensus of $1.08. Organic revenue growth contracted from a year earlier and came in below expectations, driven mainly by weakness in the specialty segment, the report said.UBS maintained its neutral rating on Brown & Brown stock with a $73 price target.Price: $73.19, Change: $+3.49, Percent Change: +5.01%

$BRO

Insider Trading10d ago

Progressive Insider Sold Shares Worth $7,942,166, According to a Recent SEC Filing

Susan Patricia Griffith, Director, President and CEO, on July 27, 2026, sold 37,338 shares in Progressive (PGR) for $7,942,166. Following the Form 4 filing with the SEC, Griffith has control over a total of 612,409 common shares of the company, with 522,776 shares held directly and 89,634 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000302/xslF345X05/form4.xmlPrice: $221.13, Change: $+5.37, Percent Change: +2.49%

$PGR

Insider Trading10d ago

Progressive Insider Sold Shares Worth $1,727,975, According to a Recent SEC Filing

John Jo Murphy, Claims President, on July 27, 2026, sold 8,124 shares in Progressive (PGR) for $1,727,975. Following the Form 4 filing with the SEC, Murphy has control over a total of 56,466 common shares of the company, with 41,291 shares held directly and 15,175 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000304/xslF345X05/form4.xmlPrice: $221.02, Change: $+5.26, Percent Change: +2.44%

$PGR

Sectors10d ago

Sector Update: Healthcare

$ZBH

Sectors10d ago

Sector Update: Consumer

Consumer stocks gained late Tuesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.2%.In corporate news, Sherwin-Williams (SHW) shares jumped 8.5% after the paint manufacturer reported stronger-than-expected Q2 results and raised its full-year outlook.

$SHW

Insider Trading10d ago

Progressive Insider Sold Shares Worth $476,896, According to a Recent SEC Filing

Jonathan S. Bauer, Chief Investment Officer, on July 27, 2026, sold 2,242 shares in Progressive (PGR) for $476,896. Following the Form 4 filing with the SEC, Bauer has control over a total of 26,373 common shares of the company, with 26,250 shares held directly and 123 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000300/xslF345X05/form4.xmlPrice: $221.38, Change: $+5.62, Percent Change: +2.60%

$PGR

Sectors10d ago

Sector Update: Financial

Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index advancing 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) gaining 1.1%.The Philadelphia Housing Index climbed 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.1%.Bitcoin (BTC-USD) increased 0.1% to $63,726, and the yield for 10-year US Treasuries fell 3.7 basis points to 4.604%.In corporate news, PayPal (PYPL) raised its full-year adjusted earnings guidance after reporting Q2 results above consensus estimates. Its shares gained 4.1%.

$PYPL

Sectors10d ago

Sector Update: Tech

$ECHO

Insider Trading10d ago

Progressive Insider Sold Shares Worth $1,797,825, According to a Recent SEC Filing

Karen Bailo, Commercial Lines President, on July 27, 2026, sold 8,452 shares in Progressive (PGR) for $1,797,825. Following the Form 4 filing with the SEC, Bailo has control over a total of 32,348 common shares of the company, with 32,348 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000298/xslF345X05/form4.xmlPrice: $221.39, Change: $+5.63, Percent Change: +2.61%

$PGR

Wire10d ago

Amazon Web Services Signs $410 Million Cloud Agreement With Recursive

Amazon.com's (AMZN) Amazon Web Services signed a multiyear, $410 million agreement with Recursive, under which the artificial intelligence company will run its automated AI research system on AWS as its cloud provider, the e-commerce giant said Tuesday.The partnership will give Recursive the infrastructure to run self-improving AI research at scale, and the companies also plan to co-develop infrastructure for large-scale automated AI research, Amazon said.

$AMZN

Wire10d ago

Enlivex Shares Plunge After $400 Million Private Placement Deal

Enlivex Therapeutics (ENLV) shares fell over 47% in Tuesday trading after the company said it has struck a private placement of $400 million shares with a single institutional investor.The placement is at $5.00 per share in US dollars, USDT or USD Coin and $6.00 per share funded in RAIN tokens, the firm said.Enlivex said it plans to use the net proceeds for its treasury strategy and advance Allocetra, a clinical-stage immunotherapy targeting inflammatory conditions associated with aging.The agreement also provides the company with the right to require the investor to purchase up to an additional $400 million of shares, according to a statement.The company said it expects to complete the transaction following approval from shareholders.Price: $2.24, Change: $-2.03, Percent Change: -47.54%

$ENLV

Wire10d ago

Progyny Shares Drop After Downgrade From Barclays

Progyny (PGNY) shares were down 2.5% in afternoon trading on Tuesday after Barclays downgraded the company's stock to equal-weight from overweight, and adjusted the price target to $34 from $27.Trading volume stood at more than 950,000 shares against a daily average of about 1.5 million.Price: $30.71, Change: $-0.88, Percent Change: -2.79%

$PGNY

Showing 7061-7080 of 69604

Japan10d ago

Update: US Equity Indexes Mixed as Semiconductor Heavyweights Restrain Nasdaq

Dow JonesNasdaq CompositeS&P 500$GLW$SMH