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Sector Update: Healthcare Stocks Mixed Premarket Tuesday

Healthcare stocks were mixed premarket Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.3% and the iShares Biotechnology ETF (IBB) 0.1% higher.HCA Healthcare (HCA) shares were down more than 9% after the company cut its 2026 adjusted diluted EPS guidance.NextCure (NXTC) will merge with privately held Avere Therapeutics in an all-stock transaction to advance Avere's lead oral IL-23 therapy, AVR-001, for inflammatory diseases, the company said. NextCure shares were surging past 313% pre-bell.Spero Therapeutics (SPRO) has licensed exclusive worldwide rights, excluding Greater China, to develop and commercialize Innovent Biologics' immunology drug candidate, IBI355, under a deal valued at up to about $1.1 billion, the companies said. Spero Therapeutics stock was up 0.5% premarket.

$HCA$IBB$NXTC$SPRO$XLV

Mining & Metals27d ago

MDA Space Raises $819 Million in Bought Deal Offering

MDA Space (MDA.TO) has raised $819 million in its bought deal offering of 23 million shares at $35.60 apiece.Proceeds will be used to fund part of the purchase price of MDA's acquisition of a 70% interest in Collecte Localisation Satellites for 567 million euros cash and may also be used to pay down some or all of CLS' existing indebtedness, the company said.

$MDA.TO

Asia27d ago

Joinn Laboratories Forecasts Up to 1,377% Surge in H1 Profit

Joinn Laboratories (SHA:603127, HKG:6127) expects an attributable profit of between 600.1 million yuan and 900.2 million yuan for the first half of 2026, up 885% to 1,377% from 60.9 million yuan a year prior.Revenue is expected to increase 0% to 10.5% to between 668.6 million yuan and 739 million yuan from 668.6 million yuan in the year-ago period, according to a Tuesday Hong Kong bourse filing.The drug research company attributed the profit forecast to a rise in the market price, and organic growth and appreciation of biological assets, leading to positive changes in their fair value, as well as stable operating status from the company's laboratories.

HKG:6127SHA:603127

US Markets27d ago

Bank of America Beats Second-Quarter Views Amid Investment Banking, Trading Gains

Bank of America's (BAC) second-quarter results beat Wall Street's estimates on Tuesday as increased client activity helped drive sharp gains in investment banking fees and trading revenue.The banking giant's per-share earnings increased to $1.21 for the June quarter from $0.90 a year earlier, surpassing the FactSet-polled consensus of $1.13. Total revenue, comprising net interest and noninterest income, rose 15% year over year to $31.56 billion, ahead of the Street's view for $30.78 billion."Every business segment reported double digit net income growth and strong returns on equity," Chief Executive Brian Moynihan said in a statement. "It was also an exceptional quarter for our markets-facing businesses, with investment banking fees up 50% year-over-year. Near-term, pipelines remain strong, and commercial borrowing has picked up."Investment banking fees totaled $2.1 billion, reflecting strength across debt underwriting, advisory and equity underwriting. That helped push the global banking segment's revenue up 10% to $6.24 billion.Global markets sales rose 34% to $8.02 billion, buoyed by a 33% jump in sales and trading revenue to $7.1 billion. The bank's equities revenue climbed 70%.JPMorgan Chase (JPM), Goldman Sachs (GS) and Wells Fargo (WFC) posted stronger-than-expected second-quarter results Tuesday, driven by a surge in markets revenue and investment banking fees.BofA Securities said last week that major US banks could top second-quarter earnings expectations amid gains from capital markets activity.Revenue in Bank of America's global wealth and investment management division advanced 16% to $6.87 billion, boosted by a 19% jump in asset management fees that reflected higher market valuations and strong asset under management flows.Bank of America's consolidated net interest income rose 9% to about $16 billion in the second quarter, while noninterest income increased to $15.56 billion from $12.77 billion in the prior-year quarter.

$BAC$GS$JPM$WFC

Mining & Metals27d ago

Metatek-Group to Launch Share Buyback Program Under NCIB

Metatek-Group's (MTEK.TO) board of directors have approved the filing of its application to the Toronto Stock Exchange to launch a normal course issuer bid, it said on Tuesday.The company intends to buy back up to 2.46-million common shares, representing about 5% of its outstanding common shares, the maximum permitted over a 12-month period under the policies of the TSX.Shares of the company closed down 0.9% to C$3.21 on Monday on the Toronto Stock Exchange.

$MTEK.TO

Sectors27d ago

Sector Update: Consumer Stocks Mixed Premarket Tuesday

Consumer stocks were mixed premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.3% higher.MGM Resorts International (MGM) is evaluating a takeover proposal from billionaire investor Barry Diller after the company's board formed a special committee and hired advisers to review the offer, The Wall Street Journal reported, citing people familiar with the matter. Shares of MGM Resorts International were down 0.5% pre-bell.Lulu's Fashion Lounge (LVLU) shares were up more than 8% after the company said it has formed a special committee to evaluate strategic alternatives to boost stockholder value, including a possible transaction or continued execution of its standalone plan.

$LVLU$MGM$XLP$XLY

Mining & Metals27d ago

Trekor Metals Records Q2 Copper Production of 36 Million Pounds

Trekor Metals (TKO.TO) produced 36 million pounds of copper from the Gibraltar and Florence mines in the second quarter.Gibraltar produced 30.3 million pounds of copper and 559,000 pounds of molybdenum while Florence produced 5.2 million pounds of copper cathode, the miner said Tuesday.Trekor recorded 32.2 million pounds of copper sales at Gibraltar and 5.3 million pounds of copper sales at Florence.The company's 2026 copper production guidance of 110 million to 115 million pounds at Gibraltar and 30 million to 35 million pounds at Florence remained unchanged.

$TKO.TO

Sectors27d ago

Sector Update: Tech Stocks Edge Higher Premarket Tuesday

Technology stocks were edging higher premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) marginally advancing and the State Street SPDR S&P Semiconductor ETF (XSD) up 4%.IBM (IBM) shares were down more than 21% after the company issued Q2 operating earnings and revenue projections below analysts' expectations.United Microelectronics (UMC) has begun producing silicon photonics chips in Singapore to meet growing demand for high-speed artificial intelligence connectivity, Nikkei Asia reported, citing Senior Vice President G.C. Hung. United Microelectronics stock was up more than 4% pre-bell.Nebius Group (NBIS) has agreed to sell computing power to Reflection AI for over $1 billion in a deal that runs through 2029, according to media reports, citing a statement released from Reflection. Shares of Nebius Group were up more than 4% premarket.

$IBM$NBIS$UMC$XLK$XSD

Sectors27d ago

Gold Rises Off an Eight-Month Low, Dollar Falls after US Consumer Prices Eased in June

Gold rose off an eight-month low early on Tuesday as the U.S. dollar and yields weakened after the consumer prices eased in the world's biggest economy in June, easing concerns rising prices would force higher interest rates.Gold for August delivery was last seen up $79.30, or almost 2%, to $4,085 per ounce, after falling to the lowest since Nov. 6 a day earlier.The US Bureau of Labor Statistics reported the June Consumer Price Index fell by 0.4% in June, down from a rise of 0.5% in May and against expectations for a fall of 0.2%, according to Marketwatch. The drop was the largest monthly decrease since April 2020, the agency said. Falling energy prices were the largest contributor.Core CPI, excluding volatile food and energy, was unchanged in June, down from a monthly rise of 0.2% in May and under expectations for a rise of 0.2%.Lower inflation is easing worries the Federal Reserve will need to raise interest rates to calm rising prices, however oil surged again since the U.S. and Iran renewed fighting on the weekend."Gold briefly fell below USD 4,000 on Monday as surging oil prices reignited inflation and rate hike concerns," Saxo Bank wrote. "However, it subsequently rebounded above that level as the dollar and Treasury yields failed to strengthen further despite the latest geopolitical developments, potentially signalling the first break in the recent market reaction function linking higher oil prices with weaker precious metals."The dollar was lower following the inflation data, with the ICE dollar index last seen down 0.59 points to 100.64. Treasury yields were lower, with the yield on the US two-year note last seen down 9.4 basis points to 4.204%, while the 10-year note was paying 4.576%, down 4.4 points

$GCQ6$GLD

Sectors27d ago

Sector Update: Energy

Energy stocks were edging higher pre-bell Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.7%.The United States Oil Fund (USO) was up 3.2% and the United States Natural Gas Fund (UNG) was 0.6% lower.Front-month US West Texas Intermediate crude oil was 3.3% higher at $80.72 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 4.6% to $87.13 per barrel, and natural gas futures were down 0.9% at $2.87 per 1 million British Thermal Units.BP (BP) said its Q2 results are expected to include post-tax adjusting items relating to impairments of around $1 billion. BP shares were up more than 1% premarket.

$BP

Commodities27d ago

China Calls for Quick Resumption of Safe Transit Through Hormuz

China urged the US and Iran to immediately restore safe passage through the Strait of Hormuz after the conflict between the two countries reignited, Chinese Foreign Ministry spokesperson Lin Jian told reporters during a press conference on Tuesday."Respect for the lawful rights and interest of the coastal countries of the Strait of Hormuz and an early resumption of normal and safe passage at the Strait is what the international community want to see," Jian said. China is "deeply" concerned about the resumed military conflict, according to an excerpt from the transcript of the conference issued by the Chinese government."Relevant parties need to work in the same direction and seek a proper settlement," he said, while China will continue to work toward de-escalation of the conflict.The US reinstated a naval blockade on Iranian shipping through the Strait on Tuesday, while vessel transit has remained disrupted as fighting with Iran escalated following the collapse of the prior peace deal.

Commodities27d ago

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Tuesday Ahead of Warsh Testimony

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.1% in Tuesday's premarket activity, ahead of Federal Reserve Chair Kevin Warsh's first day of testimony at 10:00 am ET.US stock futures were mixed, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.6%, and Nasdaq futures gaining 0.4% before the start of regular trading.The US consumer price index fell a seasonally adjusted 0.4% in June, compared with expectations for a 0.1% decline, after rising 0.5% in May, Bureau of Labor Statistics data showed on Tuesday.Fed Governors Michael Barr and Lisa Cook and Fed Vice Chair Michelle Bowman are scheduled to speak on Tuesday.In premarket action, bitcoin was up by 0.9%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.9% higher, Ether ETF (EETH) advanced 1.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 1.1%, and the iShares US Technology ETF (IYW) was flat, while the iShares Expanded Tech Sector ETF (IGM) was up 1.9%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 2% higher, while the iShares Semiconductor ETF (SOXX) rose by 3.5%.IBM (IBM) shares were down more than 22% in premarket activity after the company posted expected Q2 operating earnings and revenue that trailed analysts' estimates.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.3%, the Vanguard Health Care Index Fund (VHT) was up 0.8%, while the iShares US Healthcare ETF (IYH) slipped 0.4%. The iShares Biotechnology ETF (IBB) was 0.3% lower.HCA Healthcare (HCA) stock was down more than 8% premarket after the company cut its guidance for 2026 EPS and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) rose 0.9%, while the Vanguard Industrials Index Fund (VIS) was up 0.3% and the iShares US Industrials ETF (IYJ) was inactive.General Fusion (GFUZ) was up more than 6% before the opening bell, a day after the company began trading on the Nasdaq following the completion of its merger with Spring Valley Acquisition Corp. III.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1% higher.JPMorgan Chase (JPM) shares traded down more than 2% in early hours activity even after the company reported higher Q2 earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.02%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated 0.03%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declined marginally by 0.01%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.6% higher.Honda Motor (HMC) shares were up more than 1% pre-bell after a 0.3% decline at the prior close. The US National Highway Traffic Safety Administration said Monday that the vehicle manufacturer's Odyssey model year 2011 through 2017 vehicles are under review following complaints about airbags deploying unnecessarily.EnergyThe iShares US Energy ETF (IYE) was up 0.3%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.7%.BP (BP) was up more than 1% before market open after the company said its Q2 results are expected to include post-tax adjusting items relating to impairments of around $1.0 billion.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 2.5% to $80.10 per barrel on the New York Mercantile Exchange. Natural gas was down by 0.8% to $2.88 per 1 million British Thermal Units. The United States Oil Fund (USO) was up 2.8%, while the United States Natural Gas Fund (UNG) was 0.3% lower.Gold futures for July gained 0.7% to $4,032.90 an ounce on the Comex. Silver futures advanced by 0.5% to $58.24 an ounce. SPDR Gold Shares (GLD) increased 2.4%, and the iShares Silver Trust (SLV) was 3.2% higher.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$BP$EEM$EETH$EXI$FAS$FAZ$GFUZ$GLD$HCA$HMC$IBB$IBM$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$JPM$PMR$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

International27d ago

Federal Reserve Chair Warsh Says 'No Tolerance' for Inflation at FOMC

Federal Reserve Chairman Kevin Warsh will say Tuesday in prepared testimony before the House Financial Services Committee that the Federal Open Market Committee is aware of the pain that elevated inflation causes consumers and that it will remain focused on it, according to a statement released by the Federal Reserve."The members of our Committee have no tolerance for persistently elevated inflation," Warsh said in his prepared opening statement. "And we share a resolute commitment to restoring price stability. This was the focus of our June meeting, at which we decided to hold the target range for the federal funds rate at 3-1/2 to 3-3/4%."Warsh's comments follow a consumer price report for June Tuesday morning that showed an energy-led 0.4% decline in the overall index and a flat reading for core prices, slowing the year-over-year rates considerably, though they remain above the Fed's 2% target."The Fed's number one objective is to get monetary policy right -- or as near to it as we possibly can," Warsh said. "That is our clear and constant aim, the star we steer by. And if we get policy right -- and we will -- the inflation surge of the last five years will be a thing of the past."

Wire27d ago

GMEX Robotics Plans Acquisition of Social-Intelligence AI Platform

GMEX Robotics (GMEX) signed a non-binding letter of intent to acquire an artificial intelligence platform focused on social-intelligence AI and human behavioral modeling, the company said Tuesday.The proposed cash-and-stock acquisition would strengthen the company's AI capabilities by adding social world models for human interaction across healthcare, education, hospitality, retail and other sectors.GMEX said it plans to further invest in the platform's data, architecture and deployment capabilities to support the commercialization of its robotics and AI technologies.GMEX Robotics shares were down over 7% in premarket activity Tuesday.Price: $1.77, Change: $-0.10, Percent Change: -5.35%

$GMEX

Mining & Metals27d ago

Century Lithium Appoints Corby Anderson as Board Chair

Century Lithium (LCE.V) appointed Corby Anderson as chair of the board of directors, effective immediately, it said Tuesday.Anderson has served as an independent director of Century since 2023, it said.Anderson succeeds Bryan Disher, who has served as chair since June 2023, said the company. Disher will remain on the board as a non-executive director and continue as chair of the audit committee, added Century Lithium.

$LCE.V

Asia27d ago

Huatai Securities Forecasts Up to 55% Boost in H1 Profit

Huatai Securities (SHA:601688, HKG:6886) expects an attributable profit of between 11.3 billion yuan and 11.7 billion yuan for the first half of 2026, up 50% to 55% from 7.55 billion a year prior.The securities company attributed the forecast to a significantly higher revenue from its major segments, including wealth management, institutional services, investment management, and international business, according to a Tuesday Hong Kong bourse filing.

HKG:6886SHA:601688

Sectors27d ago

Sector Update: Financial

Financial stocks were leaning lower pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.5%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1% higher.JPMorgan Chase (JPM) stock was down more than 2% even after the company reported higher Q2 earnings and revenue.

$JPM

Oil & Energy27d ago

EMEA Natural Gas Update: TTF Futures Hit 3-1/2 Month Peak on Supply Concerns Amid Renewed Hostilities

European natural gas futures gained more than 4.5% on Tuesday as the escalation in hostilities between the US and Iran and the renewed US naval blockade of Iranian ports dented hopes of a normalization of traffic through the Strait of Hormuz.The front-month Dutch TTF contract rose 4.73% to 53.70 euros ($61.52) per megawatt-hour, while the UK front-month NBP contract gained 4.69% to 129.97 British pence ($1.74) per therm.Dutch TTF futures passed the 53 euros per MWh level for the first time in over three months and touched their highest levels since March 30, according to Trading Economics data."With Hormuz again effectively closed, the market is back to the critical situation it faced ahead of the ceasefire, with limited supply, very low storages and heatwaves across Europe causing additional demand," Mind Energy said in a note on Tuesday."Reduced French nuclear availability adds to the upside and the TTF front month contract continues up this morning, reaching the highest price level in more than three months," it added.The renewed conflict between Iran and the US has abruptly halted the gradual recovery in liquefied natural gas exports from the Middle East and raised fears of new disruptions to gas exports from the region, Trading Economics said.ANZ analyst Daniel Hynes said that major producer Qatar delayed increasing LNG production due to safety concerns after one of its tankers was attacked."The latest events will make it increasingly difficult for Europe to refill its storage facilities heading into the northern hemisphere winter. Current storage levels sit at 52%, well below the normal seasonal level of 67%," according to ANZ analyst Daniel Hynes.The US Central Command on Monday said it will recommence the blockade of maritime traffic entering and exiting Iranian ports from 4pm ET Tuesday. This follows an initial US blockade from April 13 to June 18.President Trump said that the US will serve as the "guardian" of the Strait of Hormuz, while Central Command continues a sustained campaign of strikes against Iranian military targets to degrade their ability to threaten commercial traffic.According to media reports, the US has launched more strikes on Iran, with explosions reported in Bushehr, Bandar Abbas, Mahshahr, and Abadan, while Iran retaliated by attacking US bases in Kuwait, Bahrain and Jordan, and two oil tankers in the Strait of Hormuz.The ongoing Middle East conflict and delays in major projects have pushed an anticipated liquefied natural gas supply glut back by a year, with oversupply now projected in 2028, according to an analysis by BloombergNEF Tuesday.A global LNG supply surplus is expected to peak in 2031-2032, with many new projects likely to come online, according to BNEF's global LNG outlook. Last year's report had projected a glut from 2027."Europe is looking vulnerable heading through the injection season, with storage just 52% full, well below the 5-year average of 68%. JKM's continued premium to TTF is prompting LNG cargoes to be redirected to Asia, leaving Europe tighter," research firm ING said in a note.

Sectors27d ago

Sector Update: Healthcare

Healthcare stocks were mixed premarket Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.4% and the iShares Biotechnology ETF (IBB) 1.1% higher.HCA Healthcare (HCA) shares were down more than 8% after the company cut its 2026 adjusted diluted EPS guidance.

$HCA

Asia27d ago

Beijing North Star Forecasts Narrower H1 Loss

Beijing North Star (HKG:0588, SHA:601588) expects an attributable loss of between 881 million yuan and 1.08 billion yuan for the first half of 2026, narrower than 1.65 billion yuan a year prior.The developer attributed the forecast mainly to the company's convention and exhibition and supporting facilities services segment remaining stable, according to a Tuesday Hong Kong bourse filing.

HKG:0588SHA:601588

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Commodities27d ago