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Update: Gold Steady, Remaining Above $4,000 Despite Inflation Worries

(Updates prices in the second and final paragraphs.)Gold was mostly steady midafternoon Friday, sticking above the $4,000 mark even as the dollar nudged higher.Gold for August delivery was last seen up $18.20, or 0.5%, to $4,068.40 per ounce.The price of the metal has found support at the $4,000 mark despite the inflation worries sparked by the high oil prices that followed the launch of the war on Iran. The price of the metal is down 22% since the US and Israel launched strikes on the country on Feb. 28, with investors turning to the dollar amid rate hike fears, bearish for gold since it offers no yield."Higher energy costs have revived the prospect of a Fed rate hike. Money markets now price roughly a 35% chance of an increase at next week's FOMC meeting, up from about 10% a week ago, with a hike fully priced by September," Saxo Bank noted.The dollar inched higher, with the ICE dollar index last seen up 0.03% at 101.47 per ounce. Treasury yields moved lower, with the yield on the US two-year note last seen down 2.0 basis points to 4.335%, while the 10-year note was paying 4.683%, down 1.7 points.

$GCQ6$GLD

Sectors23d ago

Sector Update: Tech Stocks Decline Friday Afternoon

Tech stocks were lower Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 4.3%.The Philadelphia Semiconductor index shed 2.7%.In sector news, President Donald Trump said Friday on Truth Social his administration is opening a Section 301 investigation into the EU over fines it has levied against companies including Apple (AAPL), Meta (META), Amazon.com (AMZN) and Alphabet's (GOOGL) Google. "The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about," Trump said.In corporate news, Qualcomm (QCOM) told customers it is raising prices by a percentage in the double digits, Bloomberg reported, citing a copy of a letter it viewed. Qualcomm shares were down 1.4%.Oracle (ORCL) has secured a 10-year enterprise software contract worth about $7 billion with the US Department of Defense. Oracle shares were down 1%.Amkor Technology (AMKR) shares fell 0.5%. The company said late Thursday it has launched a multiyear partnership with Nvidia (NVDA) to develop semiconductor packaging and test technologies for AI and accelerated computing platforms.

$AAPL$AMKR$AMZN$GOOGL$META$ORCL$QCOM

Wire23d ago

Nasdaq's Solutions Revenue Growth Likely to Remain Above Range in 2026, UBS Securities Says

Nasdaq's (NDAQ) solutions segment's revenue growth is likely to remain above the range in 2026, implying a robust growth profile compared with information services peers, UBS Securities said in a note Thursday.The company outperformed in Q2, and the quarter highlighted that it is uniquely positioned to benefit from dynamic end markets, according to the note.Nasdaq's Verafin growth is poised to accelerate as the onboarding of major deals since H2 2025 starts to reflect in revenue, analysts wrote. Data and analytics businesses are benefiting from elevated AI-driven usage, while client expansion should support data demand, they added.The brokerage said it raised its 2026 earnings per share outlook by 2% to $4.09 on higher revenue estimates for index, and data and listings.UBS Securities maintained its buy rating and $120 price target on the stock.Nasdaq shares were up more than 2% in Friday trading.Price: $92.63, Change: $+2.21, Percent Change: +2.44%

$NDAQ

Wire23d ago

Update: Market Chatter: Blackstone Among Final Bidders to Acquire MarineMax

(Updates with Blackstone declines to comment in the last paragraph.)Blackstone (BX) is among the final bidders to acquire MarineMax (HZO), Reuters reported Friday, citing two people familiar with the matter.Donerail and Centerbridge are also finalists, the report said, citing the people.Blackstone declined to comment to, while Donerail and Centerbridge didn't immediately reply to requests 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 rumor and speculation. Accuracy is not guaranteed.)Price: $127.80, Change: $+3.30, Percent Change: +2.65%

$BX$HZO

Wire23d ago

Market Chatter: SpaceX Sets Starship Flight 13 Test Launch for 6:45 p.m. ET Friday

SpaceX's (SPCX) Starship Flight 13 test launch is scheduled for 6:45 p.m. ET on Friday after earlier delays, Space.com reported.SpaceX didn't immediately reply 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: $113.03, Change: $-5.21, Percent Change: -4.41%

$SPCX

Wire23d ago

Top Midday Gainers

Scribe Therapeutics (SCTX) has priced an upsized initial public offering of 8.6 million shares at $15 apiece, it said late Thursday.Additionally, Scribe Therapeutics agreed to sell 500,000 of its shares at $15 apiece to Sanofi (SNY) in a concurrent private placement, which is expected to close on Monday.Shares of Scribe Therapeutics surged 47%. Intraday trading volume stood at over 544,000.Safety Insurance (SAFT) stock soared 41% amid heavy trading after the company agreed to be acquired by an affiliate of Mapfre in a $1.54 billion all-cash deal, it said late Thursday.More than 691,000 shares of Safety Insurance traded intraday compared with a daily average of about 113,000.NIP (NIPG) has regained compliance with Nasdaq's minimum bid price requirement after receiving confirmation from the exchange on July 21, the company said Friday.Shares jumped 35%, with intraday trading volume rising to more than 56,000 versus the stock's daily average of about 11,000.Price: $22.56, Change: $+7.56, Percent Change: +50.37%

$NIPG$SAFT$SCTX$SNY

Sectors23d ago

Sector Update: Energy Stocks Mixed Friday Afternoon

Energy stocks were mixed Friday afternoon with the NYSE Energy Sector Index little changed and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.5%.The Philadelphia Oil Service Sector Index climbed 2.9%, and the Dow Jones US Utilities Index eased 0.1%.West Texas Intermediate crude oil fell 3.6% to $88.80 a barrel, and global benchmark Brent dropped 4.4% to $96.30 a barrel. Henry Hub natural gas futures fell 1% at $2.89 per 1 million BTU.In corporate news, SLB (SLB) shares jumped 10% after Q2 adjusted earnings and revenue topped market estimates.NextEra Energy reported mixed Q2 results with adjusted earnings topping estimates and operating revenue trailing Wall Street forecasts. The shares fell 0.5%.BP (BP) is in advanced talks to sell its solar power arm Lightsource to a consortium comprising Qualitas Energy, a private equity firm focused on green energy, and Wren House, the infrastructure arm of the Kuwait Investment Authority, Reuters reported. BP shares fell 0.3%.

$BP$NEE$SLB

Sectors23d ago

Sector Update: Consumer Stocks Higher in Afternoon Trading

Consumer stocks advanced Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.6%.In corporate news, MarineMax (HZO) shares jumped nearly 8% after Reuters reported that Blackstone (BX) is among the final bidders to buy the company. Donerail and Centerbridge are also finalists, the report said.Lamb Weston (LW) provided upbeat full-year earnings guidance after delivering a fiscal Q4 beat, while the company said disruption from the Middle East conflict weighed on its business in Europe, the Middle East and Africa. Its shares were up 0.7%.Verizon Communications (VZ) raised its full-year earnings outlook on Friday amid phone subscriber gains in Q2, while Charter Communications (CHTR) reported a decline in broadband customers due to competitive pressures. Verizon shares gained 3.7%, and Charter fell 2.2%.

$CHTR$HZO$LW$VZ

Wire23d ago

SpaceX Targets 6:45 p.m. ET Today for Starship Flight 13 Test Launch, Space.com Reports

$SPCX

Oil & Energy23d ago

EMEA Oil Update: Crude Plunges After Report Pakistan is Pushing For US-Iran Talks

EMEA crude futures fell in after-hours trading on Friday after reports that Pakistan was seeking to facilitate talks between the US and Iran eased concerns over a prolonged escalation in Middle East tensions and potential disruptions to crude supplies.Brent crude futures retreated by 4.6% to $96.14 per barrel, while Murban crude futures tumbled by 9.5% to $97.04/bbl.Pakistan is reportedly exploring a resumption of stalled US-Iran negotiations to end their nearly five-month-old conflict, following a diplomatic push by China, Tehran's largest trading partner.Though Iranian officials have maintained public defiance, Iran's Interior Minister Eskandar Momeni traveled to Islamabad this week for exploratory talks, marking his second visit in ten days.Momeni, considered an ally of the Islamic Revolutionary Guard Corps, met with Pakistani leaders and defense chief Asim Munir during the trip.Meanwhile, President Trump said he will soon make a decision on whether to launch a "massive attack" on Iran as the Middle East conflict has widened a new battleground in the Red Sea.The Red Sea has become a crucial alternative export route for Saudi Arabia, allowing the Gulf state to bypass the Strait of Hormuz and continue shipping barrels a day to global customers.On Thursday, Trump said that the US will punish Iran for any ship attacks by the Houthis, after the group targeted two Saudi Arabian vessels in the Red Sea, extending the Middle East conflict to a second major shipping chokepoint."If they do this again, the US will hold Iran responsible, in that the Houthis are a surrogate and/or proxy of Iran, and major military punishment will be inflicted upon Iran and, of course, the Houthis themselves," Trump said in a social media post on Truth Social.Soojin Kim, a research analyst at MUFG, said that with both the Hormuz and the Red Sea now exposed to disruption, the market is increasingly pricing a broader logistics-driven supply shock.The US Central Command said it had completed a 13th consecutive night of attacks on Iran, targeting Iranian military command centers, drone storage facilities, communication networks, and coastal surveillance sites to further diminish the threat Tehran poses to vessels transiting the Hormuz.Centcom said that more than 50,000 US service members are operating across the Middle East.Iran, in response, said it attacked US military equipment depots at Al-Adiri, known as Camp Buehring, in northern Kuwait, and the positions of US troops at Camp Arifjan and at Camp Doha, near Kuwait City.Iran's Islamic Revolutionary Guards Corps also said they had significantly damaged a surveillance tower used by the US Fifth Fleet in Bahrain.On the supply front, the security situation in the Hormuz has deteriorated over the past weeks, with the latest shipping data showing only six confirmed crossings on July 23, down 60% day-over-day.MarineTraffic said that five of the six vessels followed the Iranian Unilateral Scheme, highlighting the continued concentration of traffic along that route.

Mining & Metals23d ago

Critical One Energy Upsizes Flow-Through Private Placement to Gross Proceeds of up to C$6.9 Million

Critical One Energy (CRTL.CN) upsized its non-brokered private placement to gross proceeds of up to around C$6.87 million from up to around C$5.56 million, it said Friday.The company will now issue up to 6.25 million flow-through shares priced at C$1.10 each, the critical minerals and upstream energy company said in a news release.The offering is expected to close in two tranches, with the first of up to C$5.63 million, expected to close on or around July 30. The second tranche of up to C$1.25 million is expected to close on or around August 14, said the company.The company plans to use the gross proceeds to incur eligible exploration expenses, added Critical One Energy."The strong institutional support for this oversubscribed financing gives us the runway to keep drilling, follow up on the strong results from Phase I and advance the Howells Lake Antimony-Gold Project through to the end of 2027," said Chief Executive Officer Duane Parnham.Shares of the company were last seen up C$0.01 to C$1.00 on the Canadian Securities Exchange.Price: $1.00, Change: $+0.01, Percent Change: +1.01%

$CRTL.CN

Mining & Metals23d ago

BMO Not Sure The Latest US Tariffs on Canada Are Just a Ploy

Some analysts see the announcement of a possible 50% U.S. tariff on Canadian goods this week mainly as a pressure tactic to get Canada to the negotiating table on US terms and soon, but BMO Economics wrote in a note that it isn't as confident."While we lean to the view that these tariffs ultimately will not be imposed, we certainly can't rule it out-woe to those who have dismissed earlier threats as mere bluster," said Chief Economist Douglas Porter.Porter said a 50% tariff would hit British Columbia, Quebec and Ontario the hardest. If maintained, the taxes could shave off 0.5% of national GDP, he estimated.A spiraling Middle East conflict has also pushed up oil prices, which will "almost assuredly" push headline inflation back above 3% in coming months, and with it, the possibility of interest-rate hikes. However, the Bank of Canada had also previously stated that a serious flare-up in the trade war could prompt rate cuts, Porter noted."Our view is that the trade trauma will persist, in one form or another, and that the Bank is much more likely to stay on hold, especially with core inflation now below the 2% target for the first time since 2020," he said.

$CXY

Wire23d ago

Private-Sector Output Growth Hits 8-Month High as Price Pressures Intensify, S&P Survey Shows

US private-sector output growth reached an eight-month high in July amid services boost, though price pressures intensified due to disruptions caused by the Middle East conflict, S&P Global's (SPGI) flash purchasing managers' index showed Friday.The composite output index increased to 53.6 this month from 51.9 in June, marking the fastest growth since November, the data provider said. The consensus was for a 52.2 reading in a Bloomberg-compiled survey. The 50-point mark separates expansion from contraction.The gauge for services also rose to an eight-month high of 53.6 in July from last month's 51.2, while Wall Street expected a print of 51.5. The manufacturing PMI ticked down to a four-month low of 53.8 from 53.9. The Street projected a reading of 54.4."Some of this improvement may prove short-lived, as July saw hospitality spend boosted by the FIFA World Cup and USA 250 anniversary activities," S&P Global Market Intelligence Chief Business Economist Chris Williamson in a report. "It was also worrying -- though not unexpected -- to see manufacturing growth weaken as some of the stock building seen in prior months showed signs of fading."Renewed tensions in the Middle East amid the US-Iran war saw supplier delays worsen to "the greatest extent" in almost four years, S&P said, adding that input cost inflation hit a 14-month high, while selling price inflation was close to a four-year peak."July saw a concerning intensification of supply chain delays and accompanying renewed upturn in price pressures, constraining growth and subduing demand," Williamson said. "Events over recent days in the Middle East will have only further exacerbated these supply chain and price worries and raise downside risks to the near-term outlook for the economy, hinting that July's upturn may not be the start of an improving trend,"Employment increased "marginally" this month following two months of drops, with both manufacturing and services sectors seeing "modest gains," according to the report.Business confidence in the year-ahead outlook reached an eight-month high in July. Services firms logged the strongest 12-month outlook since September, while manufacturing optimism hit the lowest since October, reflecting headwinds such as weaker demand growth and global trade concerns, the report showed.Price: $424.57, Change: $+4.57, Percent Change: +1.09%

$SPGI

Wire23d ago

Monolithic Power Systems Could Beat Q2 Expectations, See Q3 Upside, Oppenheimer Says

Monolithic Power Systems (MPWR) could post better-than-expected Q2 results with upside to its Q3 outlook, driven by the AI-heavy enterprise data and communications segments, which Oppenheimer expects to nearly double this year.The company is scheduled to report its Q2 results July 30.Oppenheimer said in a Thursday research report that it expects 2026 and 2027 EPS of $24.50 and $31.39, respectively, with a projected 2026 gross margin of 55.6%.Content-led growth across markets supports the company's continued outsized growth, with topline expected to reach a $4 billion run rate by year-end, according to the note.Oppenheimer reiterated its outperform rating and a price target of $1,700 per share on the stock.Shares of Monolithic Power Systems were down 3.6% in Friday afternoon trading.Price: $1346.06, Change: $-51.09, Percent Change: -3.66%

$MPWR

Asia Markets23d ago

Update: US Equity Indexes Trade Mixed Amid Declining Crude Oil, Treasury Yields

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes were mixed as a retreat in crude oil and government bond yields accompanied an all-sector rally midday Friday.The Dow Jones Industrial Average climbed 0.5% to 51,970.5, and the S&P 500 rose 0.4% to 7,434.8. The Nasdaq Composite was 0.1% lower at 25,112.3. Real estate, materials, and communication services topped the gainers.The front-month US West Texas Intermediate dropped 3.6% to $88.89 a barrel, and global benchmark North Sea Brent slumped 4.3% to $96.34 a barrel.The retreat has come as a relief from a surge Thursday when the Iran-aligned Houthi rebels attacked two Saudi Arabian tankers in the Red Sea chokepoint. Separately, President Donald Trump warned of a "massive attack" to continue degrading Iran's ability to attack maritime traffic in the Strait of Hormuz. The US Central Command said it completed the 13th consecutive night of strikes on Iran Thursday evening, in line with that strategic goal as well as returning Iran to negotiations in a meaningful way.The latest jump in oil prices is likely to be short-lived, a Dow Jones news report cited a Julius Baer note, referring to Brent crude surpassing the $100 mark Thursday for the first time since the US-Iran ceasefire agreement in June. Despite fresh attacks on tankers in the Red Sea and the Strait of Hormuz, the renewed fighting appears to reflect efforts by the parties to strengthen their bargaining positions ahead of another round of negotiations, the news report cited the note.Recent data showed China's oil imports during H1 slumped 11% year-on-year to 9.9 million barrels per day, according to a report from the Middle East Economic Survey. Imports from the Middle East sank by 37% to 3 million bpd, the lowest level since 2007, MEES said.Most US Treasury yields fell as a decline in crude oil helped keep a lid on inflation worries. The 10-year declined 3.8 basis points to 4.67%, retreating from its highest seen in a year on Thursday. The two-year declined 4.2 basis points to 4.32%, after yields hit fresh 52-week highs twice this week.In precious metal markets, gold futures edged up 0.5% to $4,069.2, and silver futures jumped 1.5% to $58.92.In company news, Digital Realty Trust (DLR) reported Q2 core funds from operations and operating revenue above market expectations late Thursday, and the company also raised its 2026 core FFO and sales guidance. Shares of the firm climbed nearly 14%, the top gainer on the S&P 500.American Express (AXP) Q2 earnings topped market estimates, while revenue missed expectations. Shares dropped 5.3%, the steepest decliner on the Dow.In economic news, the July flash reading of manufacturing conditions from S&P Global slipped to 53.8 from 53.9 in June, compared with the 54.4 print expected in a survey compiled by Bloomberg.New-home sales rose to a 628,000 annual rate in June from an upwardly revised 618,000 rate in May, compared with the 607,000 rate expected in a survey compiled by Bloomberg. Home sales were still down 5.6% from a year ago.

Dow JonesNasdaq CompositeS&P 500$AXP$DLR

Sectors23d ago

Sector Update: Financial Stocks Advance Friday Afternoon

Financial stocks rose in Friday afternoon trading, with the NYSE Financial Index adding 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.6%.The Philadelphia Housing Index gained 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 2.1%.Bitcoin (BTC-USD) was declining 1.9% to $63,849, and the yield for 10-year US Treasuries was falling 4 basis points to 4.663%.In economic news, new-home sales in the US increased last month for the first time since March as house prices continued to fall, though inventory remained elevated at more than a nine-month supply. Sales of new single-family homes increased 1.6% sequentially in June to a seasonally adjusted annual rate of 628,000, the Census Bureau and the Department of Housing and Urban Development said Friday. Analysts polled by Bloomberg expected a 607,000 print.In corporate news, Digital Realty Trust (DLR) reported Q2 core funds from operations and operating revenue above market expectations late Thursday, and the company also raised its 2026 core FFO and revenue guidance. Shares jumped past 13%.BlackRock (BLK) started marketing $12.3 billion in high-grade bonds to finance a Meta Platforms (META) data center project, Bloomberg reported. BlackRock shares rose 1.2%.American Express' (AXP) Q2 earnings topped Wall Street's estimates, but revenue missed expectations, while the company now expects full-year revenue to grow at the high end of its previous guidance range. Its shares fell 5.1%.

$AXP$BLK$DLR

Sectors23d ago

Sector Update: Healthcare Stocks Rise in Afternoon Trading

Healthcare stocks rose Friday afternoon, with the NYSE Healthcare Index and the State Street Health Care Select Sector SPDR ETF (XLV) each adding about 0.8%.The iShares Biotechnology ETF (IBB) increased 0.2%.In corporate news, Novo Nordisk (NVO) is seeking a preliminary US court injunction to immediately block advertising by Eli Lilly (LLY) for its obesity and diabetes drugs, escalating the companies' legal dispute over weight-loss drug marketing, Reuters reported Friday. Novo shares rose 1.7%, and Lilly was up 1.3%.Tenet Healthcare (THC) shares jumped past 17% after it posted higher Q2 adjusted earnings and revenue, and raised its 2026 guidance.Scribe Therapeutics (SCTX) shares surged 50% in their Friday debut on Nasdaq after the company priced its IPO of 8.58 million shares at $15 per share.

$LLY$NVO$SCTX$THC

Wire23d ago

Trump Administration Opening Section 301 Probe Into EU Over Tech Company Fines

President Donald Trump said Friday on Truth Social his administration is opening a Section 301 investigation into the EU over fines it has levied against companies including Apple (AAPL), Meta Platforms (META), Amazon.com (AMZN) and Alphabet's (GOOG, GOOGL) Google."The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about," Trump said.The companies didn't immediately reply to a request for comment from.Price: $332.47, Change: $+10.81, Percent Change: +3.36%

$AAPL$AMZN$GOOG$GOOGL$META

Wire23d ago

Argenx's Vyvgart Beat Impressive With Focus On Upcoming Myositis Data, RBC says

Argenx's (ARGX) Vyvgart posted a strong Q2 beat on organic demand in myasthenia gravis and chronic inflammatory demyelinating polyneuropathy, prefilled syringe uptake, and a label expansion, RBC Capital Markets said in a note emailed Friday.The firm highlighted that most payers have dropped serology testing requirements ahead of treatment, potentially removing an adoption barrier, while Japan results included a one-time benefit tied to a wholesaler distribution change.RBC said sequential growth topped prior-year trends, suggesting sales may be inflecting further ahead of a potential ocular myasthenia gravis label expansion.RBC noted the pivotals for both myositis and multifocal motor neuropathy are on track to read out in the second half of the year.RBC maintained its outperform rating and increased the price target to 1,025 from $945.Price: $918.54, Change: $-6.06, Percent Change: -0.66%

$ARGX

Wire23d ago

Anthropic Releases Claude Opus 5

Amazon-backed (AMZN) Anthropic on Friday released Claude Opus 5, which it said is the new default model on Claude Max and the strongest model on Claude Pro.Claude Opus 5 approaches the frontier intelligence of Claude Fable 5 at half the price, the company said.Price: $233.34, Change: $-0.32, Percent Change: -0.14%

$AMZN

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Asia Markets23d ago

Update: US Equity Indexes Trade Mixed Amid Declining Crude Oil, Treasury Yields

Dow JonesNasdaq CompositeS&P 500$AXP$DLR