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US Equity Indexes Rise Amid Gains in Tech, Financials; Crude Oil Pares Gains on Hopes for Iran Deal

US equity indexes rose, with financials and technology topping sector charts, and crude oil futures paring gains after President Donald Trump attempted to cool geopolitical tensions.The Nasdaq Composite jumped 1.2% to 23,183.74, the S&P 500 climbed 1% to 6,886.24, and the Dow Jones Industrial Average advanced 0.6% to 48,218.25. Defensive sectors -- consumer staples and utilities -- were the lone decliners.All three indexes clawed back intraday declines after President Trump said that "we've been called by the other side," referring to Iran. The US-Tehran talks in Pakistan's capital, Islamabad, over the weekend ended without a lasting peace pact, as uranium enrichment and the Strait of Hormuz remained the main sticking points."They'd like to make a deal very badly," Trump was cited as saying in media reports.West Texas Intermediate crude oil futures rose 1.6% to $98.14, and Brent crude futures climbed 3.2% to $98.27, after surging more than 7.5% each intraday.The CBOE Volatility Index slipped 0.6% to 19.12, after touching an intraday high of 21.58.US Treasury yields mostly fell, with the 10-year yield down 2.2 basis points to 4.30%, after rates rose across most of the yield curve earlier in the session.Trump's comments come as the US military blockade on all traffic entering and leaving Iranian ports came into effect on Monday, CNN reported.More than 15 US warships are in place to support the operation, The Wall Street Journal reported, citing a senior official."If any of these ships [that the president refers to as Iran's 'fast attack ships'] come anywhere close to our BLOCKADE, they will be immediately ELIMINATED," Trump said on his Truth Social post. Iran said no port in the Persian Gulf or the Sea of Oman would be safe if its ports are threatened, The Wall Street Journal reported Monday.A US blockade might stop Iran's flow of oil revenue without destroying or capturing Iran's Kharg Island oil loading point, and so "potentially avoid escalatory Iranian attacks on its Gulf neighbors," according to a note from the Wells Fargo Investment Institute.Meanwhile, Goldman Sachs (GS), which reported higher Q1 earnings and net revenue pre-bell, is launching a new three-tranche offering in the US investment-grade debt market, with bond maturities spanning four to eight years, Bloomberg said Monday, citing a person with direct knowledge of the matter.The Q1 earnings season has begun in earnest with the release of Goldman Sachs' quarterly results. Mega-cap banks, including JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), and Morgan Stanley (MS), will report this week.Further in company news, Oracle (ORCL) said Monday it introduced AI-focused updates to its utilities software suite at its customer edge summit, targeting improvements in billing, grid operations, and asset management. Shares of the technology giant were up 13%, the top gainer on the S&P 500.Microsoft (MSFT), Salesforce (CRM), and ServiceNow's (NOW) recent sell-offs amid the broader software disposal are disconnected from the artificial intelligence opportunities over the coming years, Wedbush said Monday. Shares of Salesforce and Microsoft were up 4.8% and 3.6%, respectively, the Dow's top gainers.

Dow JonesNasdaq CompositeS&P 500$BAC$C$CRM$GS$JPM$MS$MSFT$NOW$ORCL

US Markets146d ago

US Earnings Growth Expectations Unscathed by Iran War Uncertainty, BlackRock Says

US earnings growth expectations appear to have shrugged off uncertainty around the Iran war, with markets betting on stronger results than those projected before the war began, BlackRock Investment Institute said in a note on Monday.BlackRock upgraded its rating on US stocks to overweight from neutral, saying the Middle East conflict will likely drive limited economic damage.While shipments through the Strait of Hormuz remain disrupted, there are factors backing a call to dial up risk-taking, BlackRock Investment Institute Head Jean Boivin said. Those include stronger earnings growth expectations for 2026.Markets see an 18.7% increase in US corporate earnings this year, higher than levels at the start of the year and before the war started.Tech's valuation premium has come under pressure, but the sector is expected to report earnings growth of 43% in 2026, up from 26% last year, according to the BlackRock report. "These bright spots partly inform our upgrade to US equities," Boivin said."We turn moderately positive risk and like US stocks as a relative preference, seeing them holding up better even if absolute performance disappoints," Boivin said.The breakdown of US-Iran talks could trigger market volatility, but both sides' willingness to negotiate underscores economic incentives to end the conflict, BlackRock Investment Institute said.Washington and Tehran failed to reach a deal during negotiations in Pakistan over the weekend, fueling concerns about the durability of an already fragile ceasefire between the two sides. US military forces began implementing a blockade of maritime traffic entering and exiting Iranian ports at 10 am ET on Monday.

Mining & Metals146d ago

NorthWest Copper Brief: Raising C$10 Million in a Best-Efforts Private Placement of Common Share Units, Charity Flow-Through Units and Flow-Through Shares

$NWST.V

Oil & Energy146d ago

IEA Chief Flags 13 Million b/d Oil Disruption Amid Middle East Conflict

International Energy Agency executive director Fatih Birol said Monday that global oil supply disruptions have reached about 13 million barrels per day due to the Middle East conflict and called it the largest threat to energy security ever recorded.Birol delivered the remarks during an event organized by the Atlantic Council.Current oil and gas disruptions now exceed past crises, including the 75 billion cubic meters of gas lost after Russia's invasion of Ukraine, Birol said.Birol warned that damage to energy infrastructure is deepening the crisis, adding that even if the situation improves quickly, restoring disrupted supply systems would take considerable time, he said.Over 80 energy facilities, including oil fields, gas sites and refineries, have been damaged, Birol said, adding that "more than one-third are... very severely damaged," highlighting the scale of disruption.He added recovery will vary by country, noting it may take longer in nations with weaker financial capacity, and said a return to pre-crisis levels could take "up to two years," underscoring prolonged supply risks.Birol said he hopes additional emergency releases will not be required, adding, "I very much hope we don't need to do it, but if it is needed, we are ready to act immediately."The IEA had earlier announced on Mar. 11 that its 32 member countries unanimously agreed to release 400 million barrels from emergency reserves to ease oil market disruptions linked to the Middle East conflict.He added that the IEA is closely monitoring the situation and stands ready to deploy further stockpiles if needed to help stabilize global oil markets.The IEA chief said that prices are "... already high but they are not reflecting the severity of the problem," and warned that markets could adjust sharply as conditions become clearer.Prices remain misaligned with fundamentals, terming the current situation as a "disconnect," according to Birol."... I think soon we will see that they [prices] will converge, which is of course an extremely sensitive issue for the global economy," he said.The crisis extends beyond energy, with "vital commodities... such as fertilizers, petrochemicals, helium" also being lost daily, Birol said, highlighting risks to global supply chains.

Insider Trading146d ago

Powell Industries Insider Sold Shares Worth $1,038,782, According to a Recent SEC Filing

Brett Alan Cope, Director, President & CEO, on April 09, 2026, sold 4,440 shares in Powell Industries (POWL) for $1,038,782. Following the Form 4 filing with the SEC, Cope has control over a total of 164,851 common shares of the company, with 164,851 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80420/000008042026000058/xslF345X05/wk-form4_1776113226.xml

$POWL

Commodities146d ago

Oman, Botswana Deepen Energy Ties with Fuel Security, Solar Projects

Oman and Botswana have signed a series of agreements to expand cooperation in fuel security, energy infrastructure, and renewable power development, the Omani Foreign Ministry said in a statement on Monday.A key deal brings together OQ, Oman's state-owned integrated energy company, and Botswana Oil, Botswana's state-owned entity responsible for fuel procurement, storage, and national supply management. The two sides will assess the feasibility of developing integrated fuel supply and storage systems to strengthen Botswana's long-term energy security."OQ and Botswana Oil will assess the feasibility of creating an integrated platform combining coastal import and storage solutions with inland strategic stocks-a model intended to solidify security of supply and improve supply chain efficiency in order to meet Botswana's long-term fuel needs," the statement said.The initiative builds on a 2025 cooperation framework covering technical, commercial and regulatory coordination. Early-stage work will focus on validating feasibility assumptions, determining strategic stock levels, and evaluating supply options.In parallel, renewable energy cooperation is advancing. O-Green has signed a power purchase agreement with Botswana Power Corporation to develop a 500-megawatt solar photovoltaic plant in Maun, supported by a 500-MW battery energy storage system.The project is the first to move into execution under a broader 3,000-MW energy cooperation framework agreed in 2025. It is expected to significantly expand Botswana's generation capacity and improve grid stability through large-scale energy storage.Botswana aims to generate 50% of its electricity from renewable sources by 2030, reducing dependence on imports.The package also includes further cooperation in petroleum storage infrastructure and broader collaboration across solar, wind and hydrocarbons, combining immediate energy security needs with long-term decarbonization goals.

Research146d ago

Research Alert: CFRA Drops Coverage On Shares Of Adtran Holdings, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We are dropping coverage on shares of ADTRAN Holdings due to a shift in investor focus. Our prior recommendation on ADTN was a Sell opinion.

$ADTN

Mining & Metals146d ago

AGF Management Names John Porter Chief Investment Officer

AGF Management (AGF-B.TO) after trade Monday said John Porter will become chief investment officer starting May 1.As CIO, Porter will lead the firm's investment team, set strategy, and focus on performance and risk management. He will report to Chief Executive Judy Goldring and join the executive management team, the company said."We are confident his leadership will unlock new opportunities, strengthen collaboration across our investment teams, and position AGF Investments for its next phase of growth," Goldring said.Porter most recently served as CIO at Newton Investment Management, part of BNY Investments. He previously held senior roles in equity investing and U.S. growth strategies after joining the firm in 2016, according to the statement.The company's shares closed up $0.19 to $20.02 on the Toronto Stock Exchange.

$AGF-B.TO

Insider Trading146d ago

United Therapeutics Insider Sold Shares Worth $5,408,194, According to a Recent SEC Filing

Martine A Rothblatt, Director, Chairperson & CEO, on April 10, 2026, sold 9,500 shares in United Therapeutics (UTHR) for $5,408,194. Following the Form 4 filing with the SEC, Rothblatt has control over a total of 679,872 common shares of the company, with 40,513 shares held directly and 639,359 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1082554/000110657826000031/xslF345X05/primarydocument.xml

$UTHR

Insider Trading146d ago

Taysha Gene Therapies Insider Sold Shares Worth $892,000, According to a Recent SEC Filing

Sukumar Nagendran, Director, President, and Head of R&D, on April 10, 2026, sold 200,000 shares in Taysha Gene Therapies (TSHA) for $892,000. Following the Form 4 filing with the SEC, Nagendran has control over a total of 1,136,410 common shares of the company, with 1,136,410 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1806310/000166512426000011/xslF345X05/form4-04132026_080454.xml

$TSHA

Mining & Metals146d ago

Red White & Bloom Brands Unit Wins Bid For Ayurcann In Insolvency Sale Process

Red White & Bloom Brands (RWB.CN) on Monday said its Emblem Cannabis unit was selected as the winning bidder in a court-supervised sale process tied to the insolvency of Ayurcann Holdings and Ayurcann under the Companies' Creditors Arrangement Act.The deal is structured as a share purchase, under which Emblem will indirectly acquire Ayurcann's business, assets, licenses and operations by buying 100% of its newly issued shares. Certain assets and liabilities will be excluded and kept with an Ayurcann affiliate.Upon closing of the transaction, Emblem said it will acquire a "comprehensive processing and manufacturing platform", including established brand portfolio, production facility and equipment, commercial relationships and records, and licenses.."We are very pleased that Emblem has been selected as the successful bidder for Ayurcann," said Colby De Zen, president of RWB. "This acquisition is highly strategic and will immediately scale our Canadian platform with a leading portfolio in the fastest-growing product categories and a national distribution footprint across more than 2,500 retail locations. Beyond the brands and infrastructure, we are acquiring a proven operating platform with meaningful synergies across supply chain, manufacturing and overhead.."Shares of the company closed unchanged at $0.02 on Canadian Securities Exchange.

$RWB.CN

Commodities146d ago

European Commission President Outlines EU Policy Shifts as Middle East Crisis Drives Energy Strain

European Commission President Ursula von der Leyen warned Monday that the escalating Middle East crisis, including the closure of the Strait of Hormuz, is causing major economic and security harm to the European Union, as leaders prepare emergency and long-term measures."The restoration of the freedom of navigation is of paramount importance for us," von der Leyen said, adding that continued instability, including strikes on Lebanon, risks derailing broader diplomatic efforts.She called on all parties to respect Lebanon's sovereignty and implement a full cessation of hostilities.The European Commission said it is mobilizing emergency assistance through its ReliefEU reserves to support Lebanese civilians, while stressing that humanitarian aid cannot substitute for a lasting peace.Von der Leyen said the crisis has underscored the interconnected nature of global security, warning that instability in one part of the region threatens wider consequences. "You cannot have stability in the Middle East or the Gulf while Lebanon is in flames," she said.The economic impact has been immediate and severe. Since the start of the conflict 44 days ago, the EU's fossil fuel import bill has risen by more than 22 billion euros ($25.87 billion), without any increase in energy supply, she said, highlighting the bloc's vulnerability to external shocks.Even if hostilities end soon, disruptions to energy flows from the Gulf are expected to persist, prompting the Commission to prepare a package of measures to be presented at the upcoming European Council meeting in Cyprus in April.Among immediate steps, von der Leyen stressed the need for stronger coordination among member states, including joint approaches to gas storage, coordinated oil stock releases, and safeguards to protect the EU's single market.She pointed to the bloc's earlier joint gas purchasing platform during the last supply shock, which aggregated tens of billions of cubic meters of demand, as a model to build upon.The Commission is also working on targeted, temporary support measures to shield vulnerable households and industries from high energy costs, alongside plans to relax state aid rules to allow governments to assist the most exposed sectors.Reducing energy demand will form a third pillar of the response, with a focus on efficiency improvements such as building renovations and industrial upgrades.Beyond immediate actions, von der Leyen outlined structural reforms to lower energy costs. These include adjustments to the EU's emissions trading system, as well as upcoming legislative proposals on electricity taxes and grid charges.She said the crisis reinforces the risks of dependence on fossil fuels, calling it the second such shock in recent years. "We are paying a very high price for our overdependency," she said, warning that fossil fuels are likely to remain the most expensive energy source for Europe in the years ahead.At the same time, von der Leyen emphasized the EU's growing reliance on domestically produced renewable and nuclear energy, which now accounts for over 70% of electricity generation.She called for faster expansion of clean energy, improved grid infrastructure, and greater storage capacity to avoid waste and improve resilience.The Commission will also accelerate efforts to electrify the economy and reduce reliance on imported fuels, including a forthcoming electrification strategy and new targets to boost progress.To support the transition, von der Leyen urged member states to make fuller use of existing EU funds and announced plans to convene an investment conference to mobilize private capital for energy infrastructure, including grids, storage, and batteries.

Mining & Metals146d ago

QuantumCore to Begin Trading on Canadian Securities Exchange

QuantumCore (QNCR.CN), formerly MGM Resources, on Monday said its shares will begin trading on the Canadian Securities Exchange under the ticker symbol "QNCR" at market open on Tuesday."As a public company, we are very excited for this next stage in QuantumCore's growth and the opportunity to engage with the investment community at large as we continue to extend our capabilities and offerings in the rapidly evolving quantum computing industry," Chief Executive Eugene Profis said.The company also said it has hired Independent Trading Group to provide market-making services in accordance with the CSE's policies. The firm will trade QuantumCore shares to help maintain reasonable trading and improve liquidity across the exchange and other venues.

$QNCR.CN

Treasury146d ago

TSX Closer: The Index is Up For the Eighth Time In Nine Sessions, Led By Interest-Rate Sensitive Sectors

The Toronto Stock Exchange closed higher on Monday, rising for the eighth time in nine sessions, helped by interest rate sensitive sectors like Information Technology and Financials as Desjardins said its "new path" for oil prices would tend to suggest a slightly earlier tightening in monetary policy in 2027 than previously assumed.The resources-heavy S&P/TSX Composite closed up 183.48 points to 33,879.24, also buoyed by Base Metals and Energy, even with gold and oil prices off recent highs. Among sectors, Info Tech was up 4.5% and Financials up near 1%, while Base Metals was 1.25% higher.According to FactSet, as of Friday, the TSX month-to-date was up 2.83% and year-to-date up 1,983.00 points, or 6.25%. This left the index off 2.45% under its record close of 34,541.27 set on March 2.Desjardins was among those to publish a note looking at Middle East developments and their implications for its oil assumptions. Desjardins economists Jimmy Jean and Marc-Antoine Dumont said their base case forecast for oil prices now assumes a disruption that lasts longer than anticipated in the March Economic and Financial Outlook."Shortfalls seem likely to extend through mid-2026 and we believe that they will be only partially offset by emergency reserve releases and incremental gains in production elsewhere," the pair wrote. "On net, we estimate a cumulative supply loss of roughly 550-million barrels over the coming year. Production is expected to recover gradually but with a lag, implying a period of tighter inventories and elevated prices even if tensions cool."Reflecting this altered supply path, Desjardins now leans towards a revised oil price outlook, seeing benchmark WTI crude at an average US$100 per barrel through April and May vs. US$80 to US$85 in March, before declining gradually. "These projections remain highly sensitive to the volatile and unpredictable nature of the conflict and the actions of the parties involved, which could materially affect our forecasts," Desjardins said.If this path materializes, Desjardins added, headline inflation in Canada would be pushed higher, but underlying inflation pressures would remain more contained, given the current starting point of excess capacity and soft labor market. "The terms-of-trade and energy capex boost still needs to be weighed against the hit to household finances and confidence, as well as the margin compression in energy-intensive sectors," they noted.Desjardins said its new path for oil prices would tend to suggest a slightly earlier tightening in monetary policy in 2027 than previously assumed, but not a material shift in the policy path at this time. Desjardins added it will publish its detailed estimates in an Economic and Financial Outlook next week, taking into account latest developments.Of commodities today, West Texas Intermediate crude oil tested the US$100 per barrel mark before falling back after the United States said it will blockade Iran's ports after weekend peace talks in Pakistan ended without an agreement to end hostilities. WTI crude oil for May delivery closed up $2.51 to settle at US$99.08 per barrel, after earlier touching US$105.63, while June Brent oil was up US$3.92 to US$99.12.Gold prices weakened for a second session Monday as the dollar rose after weekend talks between the United States and Iran failed to reach a peace deal, leaving the Strait of Hormuz blocked and continuing the largest-ever oil supply shock. Gold for May delivery was last seen down $19.90 to US$4,767.50 per ounce.

S&P/TSX CompositeS&P/TSX Composite$CXY

Japan146d ago

US Equity Markets Rise Amid Expectations for US-Iran Peace Deal

US equity indexes closed higher on Monday amid expectations that the US will manage to finalize a peace deal with Iran.* President Trump signaled his administration was contacted by Iran "to work out a deal," though he also threatened to destroy ships impeding a US blockade in the Strait of Hormuz.* The pace of US existing home sales fell 3.6% to a 3.98 million seasonally adjusted annual rate in March from 4.13 million in February, compared with a smaller decrease to a 4.05 million rate expected in a survey compiled by Bloomberg.* May West Texas Intermediate crude oil rose $1.45 to settle at $98.02 per barrel, while June Brent crude, the global benchmark, was last seen up $3.23 at $98.43.* Oracle (ORCL) shares rose 12%, the top gainer on the S&P 500, after the company introduced AI-focused updates to its utilities software suite, targeting improvements in billing, grid operations, and asset management.* Conagra Brands (CAG) shares fell 4.4%, the second-biggest decline on the S&P. The company appointed John Brase as CEO to succeed Sean Connolly, effective June 1. Brase previously served as chief operating officer at J.M. Smucker (SJM).

Dow JonesNasdaq CompositeS&P 500$CAG$ORCL$SJM

Insider Trading146d ago

Dell Technologies Insider Sold Shares Worth $3,559,335, According to a Recent SEC Filing

David Alan Kennedy, Chief Financial Officer, on April 09, 2026, sold 19,500 shares in Dell Technologies (DELL) for $3,559,335. Following the Form 4 filing with the SEC, Kennedy has control over a total of 183,097 Class C common shares of the company, with 183,097 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1571996/000208680026000004/xslF345X05/wk-form4_1776111129.xml

$DELL

Insider Trading146d ago

Datadog Insider Sold Shares Worth $4,717,074, According to a Recent SEC Filing

Olivier Pomel, Director, Chief Executive Officer, on April 09, 2026, sold 42,443 shares in Datadog (DDOG) for $4,717,074. Following the Form 4 filing with the SEC, Pomel has control over a total of 835,679 Class A common shares of the company, with 835,679 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1561550/000156155026000114/xslF345X05/wk-form4_1776110617.xml

$DDOG

Research146d ago

Research Alert: CFRA Maintains Sell Rating On Shares Of Fast

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We reiterate our Sell rating on FAST shares following Q1 results, and also maintain our 12-month target of $35, valuing shares at 26x our 2027 EPS estimate of $1.34 (up $0.02; 2026 EPS view adjusted to $1.24 from $1.23). FAST's Q1 EPS print of $0.30 was in line with the consensus view, though shares still traded lower as an elevated multiple gave little room for results that were less than robust, in our view. Price/cost was a point of concern during the quarter as management indicated pushback from customers on price hikes following a year of pricing actions. This fatigue could set back progress on operating margins as FAST has a lessened capacity to offset cost inflation. We continue to see shares as trading at levels that are above intrinsic value, even when factoring in today's negative share performance. FAST's shift to larger customers appears to be paying off thus far in regard to a turnaround in operating margins, though input costs will still have to be successfully managed.

$FAST

Sectors146d ago

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Monday afternoon, with the NYSE Energy Sector Index shedding 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.3%.The Philadelphia Oil Service Sector Index added 1%, and the Dow Jones US Utilities Index was falling 1.2%.Front-month West Texas Intermediate crude oil was rising 1.4% to $97.89 a barrel, and the global benchmark Brent crude contract was advancing 3.3% to $98.32 a barrel. Henry Hub natural gas futures shed 0.8% to $2.63 per 1 million BTU.In sector news, the Organization of the Petroleum Exporting Countries on Monday lowered its Q2 oil demand forecast due to the Middle East conflict, but maintained its full-year estimates amid expectations for a rebound in H2. The cartel sees global oil consumption at 105.1 million barrels a day in the ongoing three-month period, it said in its latest monthly market report. Last month, the organization projected demand at 105.6 million barrels per day in Q2.In corporate news, TotalEnergies (TTE) shares added 0.8% after it said Monday that it has signed a memorandum of understanding with Turkey's state energy company TPAO to pursue exploration opportunities.Chevron (CVX) and Shell (SHEL) are set to sign agreements involving oil and gas areas in Venezuela, Reuters reported. Chevron shares rose 1.7%, and Shell added 0.4%.GFL Environmental (GFL) agreed to acquire Secure Waste Infrastructure in a 6.4 billion-Canadian-dollar ($4.63 billion) deal that is expected to boost its waste management operations in Western Canada. GFL shares fell 9.6%.Equinor (EQNR) shares added 0.5% after it said Monday its board has decided to propose a share capital reduction to shareholders through the cancellation of own shares and redemption of shares held by the Norwegian state following its 2025 buyback program.

$CVX$EQNR$GFL$SHEL$TTE

Sectors146d ago

Sector Update: Financial Stocks Climb Late Afternoon

Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.6%.The Philadelphia Housing Index was increasing 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was fractionally lower.Bitcoin (BTC-USD) was rising 3.3% to $73,042, and the yield for 10-year US Treasuries decreased 2 basis points to 4.297%.In economic news, the pace of US existing home sales fell by 3.6% to a 3.98 million seasonally adjusted annual rate in March from 4.13 million in February, compared with a smaller decrease expected to a 4.05 million rate in a survey compiled by Bloomberg as of 7:30 am ET, data from the National Association of Realtors released Monday showed.In sector news, BlackRock (BLK) raised its rating on US stocks to overweight from neutral, citing recent US-Iran talks as evidence of economic incentives to end the conflict. "We flagged two signposts to dial up risk-taking after the Middle East conflict led us to reduce risk and turn neutral on U.S. equities a few weeks ago," BlackRock said Monday in its weekly commentary report. "First: evidence of actions that could re-open shipping traffic in the Strait of Hormuz. Second: signs that any lingering macro impact is contained. We eye developments on both fronts. Plus, corporate earnings expectations are up even through the conflict, partly on the AI theme."In corporate news, HSBC (HSBC) shares rose 0.8% after it said Monday it has launched its tokenized deposit service in the US as part of plans to expand its digital money offerings.Goldman Sachs (GS), which reported higher Q1 earnings and net revenue pre-bell, is launching a new three-tranche offering in the US investment-grade debt market, with bond maturities spanning four to eight years, Bloomberg reported. Goldman shares were down 1.4%.Blackstone (BX) is partnering with I Squared Capital on a potential offer for the core advertising business of German media group Stroer, Bloomberg reported. Blackstone shares gained 5.8%.KKR (KKR) said its real estate arm plans to significantly ramp up property acquisitions in Japan, targeting a market it estimates at about 450 trillion yen ($2.8 trillion), as companies increasingly divest non-core assets, Bloomberg reported. KKR shares climbed 7.3%.

$BX$GS$HSBC$KKR

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Commodities146d ago