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Update: US Equity Indexes Mixed as Chipmakers Restrain Nasdaq, Crude Oil Slides

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded mixed, as chipmakers continued to weigh on the Nasdaq Composite and crude oil slumped after a pause in Washington's strikes on Iran appeared to extend.The Dow Jones Industrial Average jumped 1.3% to 52,877.4, with the S&P 500 up 0.4% to 7,442.7 after midday Tuesday. The Nasdaq Composite was little changed at 24,933.8.Energy, technology, and industrials were the sole decliners while consumer staples, healthcare, and materials topped the gainers.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, slumped 3%. Among companies with a market capitalization of more than $200 billion, seven 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 16%, the 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.The front-month US West Texas Intermediate slumped 4.7% to $78.71 a barrel, and global benchmark North Sea Brent dropped 5.3% to $83.69 a barrel.US Treasury yields fell, with the 10-year down 4.7 basis points to 4.59% and the two-year lower by 5.9 basis points to 4.26%.In precious metal markets, gold futures fell 1% to $4,038.2, and silver futures declined 1.8% to $57.64.In economic news, the Conference Board's measure of consumer confidence decreased to 90.8 in July from 92.2 in June, below the 92.4 expected in a Bloomberg-compiled survey.The Case-Shiller National Home Price Index rose 0.6% in May, after a 0.8% increase in April, before seasonal adjustment. National home prices were up 1.1% year-over-year, up from 0.9% in April.Further in company news, IQVIA (IQV) reported a year-over-year increase in Q2 adjusted earnings and revenue, and raised its 2026 outlook. Its shares surged 14%, the top gainer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$GLW$IQV$SMH

Sectors20d ago

Sector Update: Tech Stocks Fall Tuesday Afternoon

Tech stocks were lower Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) shedding 3.8%.The Philadelphia Semiconductor index declined 4%.In sector news, Microsoft-backed (MSFT) OpenAI and Amazon-backed (AMZN) Anthropic have pushed to expand the types of AI models requiring government review under a looming Trump administration framework to include those from competitors like Meta Platforms (META) and SpaceX's (SPCX) SpaceXAI, The Information reported.In corporate news, Corning (GLW) shares fell past 15% 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 up marginally.Cadence Design Systems (CDNS) shares rose 2% after it lifted its full-year outlook and reported better-than-expected fiscal Q2 earnings.

$CDNS$GLW$META

Mining & Metals20d ago

Canada Commodities: Oil and Gold Lower as Pause in US-Iran Hostilities Seem to be Holding

Prices for key Canadian export commodities fell on Tuesday, with oil and gold in the red as a pause in the US-Iran hostilities appeared to be holding and discussions on the future of the Strait of Hormuz continued.September West Texas Intermediate crude oil was last seen down 5.7% to $77.29 a barrel, the lowest since July 10, while September Brent oil lost 4.5%% to $84.46 a barrel.Oil dropped for the third-straight session even as the United States and Iran paused attacks, with Reuters reporting Oman is proposing a Gulf States-backed plan for managing traffic through the Strait of Hormuz following an end to hostilities.November gold was fell and was last seen down 0.7% to $4,106.30 per ounce, as traders assessed the possibility that the US Federal Reserve's policy committee could announce an interest rate hike when it ends its two-day meeting at 2:00 p.m ET on Wednesday. The CME FedWatch tool sees a 29.9% probability the committee will raise rates by 25 basis points.

$CXY$CLU6$GLD$GLX6$LCOU6$USO

Sectors20d ago

Sector Update: Energy

Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index falling 1.2% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 1.6%.The Philadelphia Oil Service Sector Index shed 2.8%, and the Dow Jones US Utilities Index was up 0.4%.Front-month West Texas Intermediate crude oil fell 5% to $78.51 a barrel, and the global benchmark Brent crude contract dropped 5.9% to $83.15 a barrel. Henry Hub natural gas futures declined 3.3% to $2.68 per 1 million BTU.In corporate news, ExxonMobil (XOM) offers limited upside following its recent share-price gains, while Chevron (CVX) presents a stronger medium-term setup, BofA Securities said in a Tuesday note. BofA lowered its rating on Exxon to neutral from buy while raising its price target to $158 from $154. BofA kept its buy rating on Chevron and increased its price target to $227 from $210. Exxon fell 1.5%, and Chevron was down 1.2%.

$CVX$XOM

Wire20d ago

Seer Shareholders Radoff, Torok Send Fourth Acquisition Proposal

Seer (SEER) shareholders Bradley Radoff and Michael Torok said Tuesday they have submitted their fourth non-binding proposal to acquire the company, raising their offer to $2.55 per share in cash.The new proposal includes a contingent value right to receive 85% of the net proceeds received from any license, sale or other disposition of Seer's business and assets, including PrognomiQ, according to Radoff and Torok's letter to the board's special committee.Payments under the contingent value right would be made within six to 12 months of acquisition completion, it added.Radoff and Torok's first three proposals, including the May revised offer of $2.40 per share in cash plus a contingent value right, were rejected by the board. Last week, a special board committee also rejected an unsolicited acquisition proposal from Chair and Chief Executive Officer Omid Farokhzad for $2.45 per share in cash plus two separate contingent value rights.Seer did not immediately reply to a request for comment from.Shares of the company were up 3.8% in Tuesday trading.Price: $2.05, Change: $+0.08, Percent Change: +3.81%

$SEER

Wire20d ago

SoFi Technologies Signs Multi-Year Partnership With Notre Dame Athletics

SoFi Technologies (SOFI) said Tuesday it signed a multi-year partnership with Notre Dame Athletics, becoming the department's official financial services partner.Financial details weren't disclosed.SoFi will provide an annual $1.4 million fund for scholarships, financial education and career development for student-athletes across Notre Dame's 26 varsity sports, according to a statement.Price: $16.73, Change: $-0.15, Percent Change: -0.89%

$SOFI

Wire20d ago

ReposiTrak Traceability Network Gets Selected by Associated Grocers Northeast to Launch Traceability Program

ReposiTrak (TRAK) said Tuesday that retailer-owned wholesale cooperative Associated Grocers Northeast has selected the ReposiTrak Traceability Network to implement its food traceability project.The system will collect and validate supplier data to support regulatory compliance requirements and supply chain transparency, the company said.ReposiTrak will handle supplier onboarding, data mapping, and technical training while automating data transfers to eliminate manual case scanning, the company said.Shares of the company were up about 2.8% in Tuesday trading.Price: $8.81, Change: $+0.24, Percent Change: +2.86%

$TRAK

Commodities20d ago

Topaz Energy Beats Q2 Production Estimates, Lifts FY2026 Volume Guidance, TPH Says

Topaz Energy raised its fiscal 2026 production outlook after second-quarter output reached 24,200 barrels of oil equivalent per day, exceeding estimates, according to TPH Energy Research in a Tuesday note.The company delivered stronger operating performance as production exceeded expectations and drilling activity accelerated across its royalty acreage, prompting management to increase its full-year production forecast.Total production reached 24,200 boe/d, above TPH's 23,300 boe/d estimate and the Street's 23,600 boe/d forecast.Natural gas production totaled 102.3 million cubic feet per day, topping TPH's 98.9 MMcf/d estimate, while liquids production reached 7,200 boe/d, above TPH's 6,800 boe/d estimate and the Street's 7,100 boe/d forecast.Operators spudded 160 gross wells on Topaz's royalty acreage during the quarter, up from 138 in Q1 and 125 in Q2 of 2025. TPH said activity strengthened despite the seasonal breakup period.Topaz also raised its drilling outlook and now expects 26 to 31 rigs to remain active through Q3, compared with its previous expectation of 22 to 27 rigs during the back half of the second quarter.The company completed a CA$38.7 million ($27.5 million) tuck-in royalty acquisition covering about 300,000 gross acres in its Northeast British Columbia Montney and Deep Basin core areas, including royalty interests in more than 500 gross locations.Topaz increased its fiscal 2026 production guidance to 23,900 boe/d to 24,300 boe/d, with a midpoint of 24,100 boe/d, up from the previous midpoint of 23,900 boe/d and the initial outlook of 23,700 boe/d. The revised midpoint sits slightly above the Street's 24,000 boe/d estimate.The company generated CA$0.57 in cash flow per share, compared with TPH's CA$0.59 estimate and the Street's CA$0.56 forecast. Higher production and stronger commodity realizations offset part of the impact from cash taxes, hedging and lower infrastructure revenue.Infrastructure and other revenue totaled CA$22.3 million, below TPH's CA$24.2 million estimate. Cash taxes exceeded expectations because of tax timing, while hedging also weighed on quarterly results.Topaz spent CA$1.8 million on capital expenditures excluding acquisitions, compared with TPH's CA$1.5 million estimate and the Street's CA$1.3 million forecast.The company maintained its quarterly dividend at CA$0.35 per share, or CA$1.40 annually, representing a 4.3% trailing annualized yield. TPH said the payout keeps Topaz on track to achieve a payout ratio in the mid-60% range for fiscal 2026.

Insider Trading20d ago

First Community Insider Sold Shares Worth $345,150, According to a Recent SEC Filing

Fred Joseph Deutsch, Director, Executive Vice President, on July 28, 2026, sold 10,000 shares in First Community (FCCO) for $345,150. Following the Form 4 filing with the SEC, Deutsch has control over a total of 18,468 common shares of the company, with 18,468 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/932781/000093278126000044/xslF345X05/primary_doc.xmlPrice: $34.78, Change: $+0.85, Percent Change: +2.51%

$FCCO

Sectors20d ago

Sector Update: Healthcare

Healthcare stocks rose Tuesday afternoon, with the NYSE Healthcare Index adding 2.2% and the State Street Health Care Select Sector SPDR ETF (XLV) rising 2.3%.The iShares Biotechnology ETF (IBB) was up 0.8%.In corporate news, GSK (GSK) shares gained 3.8% 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.

$GSK

Oil & Energy20d ago

EMEA Oil Update: Crude Mixed as US-Iran Talk Optimism Eases Supply Fears

EMEA crude futures diverged in after-hours trading on Tuesday as a build in optimism over potential progress in US-Iran talks eased concerns about supply disruptions and raised expectations that more barrels could return to global markets.Brent crude futures fell by 5.7% to $83.88 per barrel, while Murban crude futures were up by 1.1% to $85.35/bbl.ING strategists said that the oil market continues to sell off heavily, with the US and Iran continuing to hold off on further strikes, while President Trump said that talks are happening and that there is a "good chance" of a deal.The pause in fighting between the US and Iran appeared to hold Tuesday, raising hopes for a de-escalation in the Middle East conflict that has upended global energy markets.On Monday, President Trump, who reportedly called off US military strikes against Iranian targets after a two-week campaign, told reporters that there were "good talks" underway with Iran but threatened to restart strikes unless negotiations deliver.Market participants are reportedly positioned for potential progress toward US-Iran peace talks ahead of Trump's scheduled meeting with Israeli Prime Minister Benjamin Netanyahu in Washington on Wednesday.However, Iran's Foreign Ministry spokesman, Esmail Baghaei, said on Monday that while "it's possible that mediators share messages from the US side about current developments," no formal negotiations are currently taking place.Iran's Foreign Minister Seyyed Abbas Araqchi hosted separate calls with his Saudi and Omani counterparts on Tuesday to review bilateral and regional issues and stress stronger cooperation and joint diplomacy to restore stability and address US actions in the Strait of Hormuz.Soojin Kim, research analyst at MUFG, said that shipping activity through the Hormuz remained well below normal despite ongoing Oman-mediated discussions to restore maritime traffic, underscoring persistent logistical risks.On the supply front, OPEC+ is projected to pause further increases to its oil production quotas after approving a final scheduled hike in September, as the producer group continues to assess the impact of the Iran conflict on global supply, according to multiple media reports.The cartel is set to approve an increase of 188,000 barrels per day for September when it meets virtually on Aug. 2.Gelber & Associates said that expectations that OPEC+ will continue managing supply and steady summer refinery demand are helping keep the physical market relatively firm despite broader macro uncertainty.Saudi Arabia's state-owned energy major Aramco shut down its 400,000 barrel-per-day Jizan oil refinery on Monday following an attack by Iran-backed Houthi rebels over the weekend, according to media reports.ING analysts said the threat from the Houthis extends beyond potential disruptions to Saudi Arabia's shipments, with the militant group also posing a risk to the Gulf state's oil infrastructure.However, the analysts said the extent to which any attacks could affect crude supplies from Gulf producers remains uncertain.

Asia Markets20d ago

Exchange-Traded Funds Rise, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV edged higher. Actively traded Invesco QQQ Trust (QQQ) eased 0.5%.US equity indexes traded mixed, as chipmakers continued to weigh on the Nasdaq Composite.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) fell about 1.4% each.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) shed 1.3%; iShares US Technology ETF (IYW) fell 0.8%, and iShares Expanded Tech Sector ETF (IGM) was down 1%.The State Street SPDR S&P Semiconductor (XSD) slipped 3.9%, and iShares Semiconductor (SOXX) fell 3.9%.FinancialThe State Street Financial Select Sector SPDR (XLF) added 1.1%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 3.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 3.1%.CommoditiesCrude oil dropped 5.8%, and the United States Oil Fund (USO) fell 4.2%. Natural gas dipped 3.6%, and the United States Natural Gas Fund (UNG) fell 2.7%.Gold on Comex fell 0.9%, and the State Street SPDR Gold Shares (GLD) dipped 1.1%. Silver was down 1.9%, and iShares Silver Trust (SLV) lost 2%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was up 2.1%. The Vanguard Consumer Staples ETF (VDC) added 2.1%, and iShares Dow Jones US Consumer Goods (IYK) was up 2.2%.The State Street Consumer Discretionary Select Sector SPDR (XLY) was up 1.3%. VanEck Retail ETF (RTH) added 1.6%, and the State Street SPDR S&P Retail (XRT) gained 1.9%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 2.2% and iShares US Healthcare (IYH) added 2.1%, and Vanguard Health Care ETF (VHT) gained 2%. IShares Biotechnology ETF (IBB) was up 0.9%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) slipped 0.3%. Vanguard Industrials Index Fund (VIS) was down 0.4% and iShares US Industrials (IYJ) rose 0.3%.CryptocurrencyIn midday activity, bitcoin (BTC-USD) fell 1.4%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) eased 1.2%, ProShares Ether ETF (EETH) was down 1.5%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 1.7% higher.

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

Wire20d ago

Blink Charging Gets Extension on Nasdaq Compliance Period

Blink Charging (BLNK) said Tuesday that Nasdaq has granted the firm an extension through Jan. 25, 2027, to regain compliance with the minimum bid price requirement.Blink said it will continue to monitor its compliance status.Price: $0.54, Change: $-0.02, Percent Change: -2.87%

$BLNK

Treasury20d ago

US 7-Year Auction High Yield Rises From Previous Month, Demand Lower

The US Treasury's 7-year auction hit a high yield of 4.473% on Tuesday, up from the 4.260% high in the previous auction.The bid to cover ratio for the auction was 2.49, slightly below the 2.50 ratio in the previous auction.Dealers represented 56.17% of the bids, with direct bidders at 10.91% and indirect bidders at 32.92%.For takedown, dealers took 12.97%, with direct bidders at 16.88% and indirect bidders at 70.15%.

Wire20d ago

Rapid7 Reports General Availability of Rapid7 Cyber GRC Offering

Rapid7 (RPD) on Tuesday reported the general availability of Rapid7 Cyber GRC, adding governance, risk and compliance capabilities to its Command Platform alongside its security operations tools.The offering connects GRC workflows with live security data, giving shared, continuously updated view of control effectiveness, threats and organizational risk, the company said.Price: $9.85, Change: $+0.23, Percent Change: +2.34%

$RPD

Wire20d ago

Vision Marine Technologies Launches Battery Monitoring Mobile App

Vision Marine Technologies (VMAR) has launched Vision Marine Tech, a mobile application that allows boat owners and service technicians to monitor compatible Vision Marine battery systems, it said Tuesday.The app connects to supported battery systems via Bluetooth-enabled battery-management hardware and provides real-time battery information, including state of charge, pack voltage, charge and discharge current, operating temperature, battery health, cycle count, individual cell voltages and system alarms.The company said the app is designed to help owners better understand battery condition before and during use. It also aims to support maintenance planning while providing technicians with diagnostic data to assist with troubleshooting.Price: $0.70, Change: $-0.01, Percent Change: -1.41%

$VMAR

Sectors20d ago

Sector Update: Financial

Financial stocks rose in Tuesday afternoon trading with the NYSE Financial Index advancing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) gaining 1.2%.The Philadelphia Housing Index climbed 2.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.2%.Bitcoin (BTC-USD) rose 0.5% to $63,978, and the yield for 10-year US Treasuries fell 4.3 basis points to 4.598%.In corporate news, Visa (V) plans to trim around 2,600 jobs as part of CEO Ryan McInerney's plan to streamline operations. The cuts, representing 7% of its workforce, will mainly affect technology and product teams. Visa shares rose 1.8%.

Treasury20d ago

US 7-Year High Yield 4.473% vs 4.260% Previous; Bid/Cover 2.49 vs 2.50 Previous

Wire20d ago

GoDaddy Seen Extending Margins, Bookings Growth Ahead of Q2 Results, Wedbush Says

GoDaddy (GDDY) is expected to post continued margin expansion, steady domains performance, and further growth in applications and commerce bookings in Q2, Wedbush Securities said Tuesday in a report.Management expects bookings growth to more closely track revenue for the rest of the year, and investors will focus on whether that trend emerges and how it shapes GoDaddy's position as vibe-coding adoption increases, the report said.Investors will also watch how GoDaddy balances growth and margins, particularly as early traction from its Airo AI Builder coincides with plans for higher marketing spending, Wedbush said. Other areas of attention include share buybacks, with free cash flow per share remaining a key priority, along with the potential for new mid-term targets at the company's planned investor event later this year, the report said.Wedbush forecasts revenue of $5.3 billion and diluted GAAP EPS of $7.29 in 2026, and projects $5.6 billion in revenue and $9.18 in EPS in 2027.Q2 results are expected Thursday.Wedbush has an outperform rating on GoDaddy stock and a $109 price target.Price: $101.18, Change: $+4.77, Percent Change: +4.95%

$GDDY

Sectors20d ago

Sector Update: Tech

Tech stocks were lower Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) shedding 3.6%.The Philadelphia Semiconductor index declined 3.5%.In corporate news, 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 up 0.2%.

$META

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Oil & Energy20d ago