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Weyerhaeuser Shares Rise After Raymond James Upgrade

Weyerhaeuser (WY) shares were up 3.8% in Friday trading after Raymond James upgraded the company's stock to strong buy from outperform, with a price target of $30.Trading volume exceeded 3.5 million shares, compared with a daily average of close to 5.5 million.Price: $23.37, Change: $+0.86, Percent Change: +3.84%

$WY

Dow JonesNasdaq CompositeS&P 500$META$SKHY$SKHYV

Update: US Active Rig Count Rises by 1, Baker Hughes Says

(Updated to include additional details.)The combined count of crude oil, natural gas, and miscellaneous rigs in the US rose by one to 581 in the week ending July 10, according to data from Baker Hughes (BKR) released Friday.The US oil rig count remained unchanged from the previous week at 445, while the gas rig count also held steady at 126, the data showed.The number of miscellaneous rigs in the US increased by one from nine the previous week to 10. The US had 424 oil, 108 gas, and five miscellaneous rigs in operation a year earlier.The consolidated North American oil and gas rig count, a key early indicator of future production levels, dropped by 10 to 760 from 770 the previous week.Price: $57.63, Change: $+0.43, Percent Change: +0.75%

$BKR

International29d ago

Cargo Traffic to Los Angeles Port Expected to Rise in Week Ending July 25

Cargo traffic at the Port of Los Angeles is expected to rise in the week ending July 25, according to data from ship-tracking system Port Optimizer.A total of 124,582 20-foot equivalent units, a standardized measure of cargo capacity, are projected to reach the port in the week, the data showed. That volume reflects a 4.6% increase from the previous week and a 13% rise from a year earlier.Twenty-one freight vessels are scheduled to arrive at the port in the week ending July 25, the data showed. That compares with 22 vessels scheduled this week and 24 in the week ending July 18.

US Markets29d ago

Update: Equity Markets Rise Intraday as Traders Track Middle East Developments

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday and oil prices dropped as traders tracked conflicting messaging around the Iran war.The S&P 500 and the Dow Jones Industrial Average were up 0.3% each at 7,565.9 and 52,635 after midday Friday. The Nasdaq Composite rose 0.2% to 26,264.7. Among sectors, materials paced the gainers, while healthcare saw the steepest decline.West Texas Intermediate crude oil was down 1.1% at $71.29 per barrel intraday, while Brent fell 0.6% to $75.83.US crude futures were on track for their first weekly advance following four consecutive weekly declines. Brent prices were headed for their second straight weekly rise.President Donald Trump said Friday that the US agreed to continue negotiations with Iran, although he reiterated that their ceasefire is over.Hostilities between the two countries resumed in recent days, weeks after they signed a memorandum of understanding to end their war.Qatari negotiators travelled to Iran, seeking to de-escalate the situation in a trip planned in coordination with the US, CNN reported Friday, citing a diplomat with knowledge of the visit."With oil prices softening following the mid-week spike, traders appear to view the latest tensions as a challenge to the ceasefire rather than a complete breakdown," Saxo Bank said in a report Friday. "Traffic through the Strait of Hormuz remains low, with no large commodity-laden vessels seen transiting."The International Energy Agency on Friday projected a smaller decline in global oil demand in 2026 amid signs of a rebound in consumption as crude flows improve.US Treasury yields were higher intraday, with the two-year rate up 4.4 basis points at 4.21% and the 10-year rate rising 2.4 basis points to 4.56%.In company news, SK Hynix (SKHY, SKHYV) American depositary shares opened trade at $170 in their debut on the Nasdaq Friday, and rose to as high as $177. The South Korean memory semiconductor company priced its initial public offering 177.9 million ADS at $149 apiece.Meta Platforms (META) jumped 5%, the top gainer on the S&P 500. The Facebook parent is aiming to start the production of artificial intelligence chips from September, Reuters reported Thursday, citing an internal memo.Gold slipped 0.6% to $4,114.60 per troy ounce, while silver lost 0.9% to $60.18 per ounce.

Top Midday Decliners

Silo Pharma (SILO) said Friday it has agreed to a private placement of common stock and warrants to raise gross proceeds of up to $11.7 million.Shares sank 26% as intraday trading volume jumped to over 284,000 from a daily average of about 199,000.Virax Biolabs (VRAX) shares slumped 33% after the company agreed to reduce the exercise price of certain outstanding preferred investment options to $6 from $10.More than 1.41 million shares of the company traded intraday compared with a daily average of about 2.19 million.Fermi (FRMI) priced an upsized private offering of $375 million of 5% convertible senior notes due 2031, it said late Thursday.Shares dropped 13% as intraday trading volume catapulted to over 54.4 million from a daily average of about 18.7 million.Price: $5.69, Change: $-2.04, Percent Change: -26.40%

$FRMI$SILO$VRAX

Mining & Metals29d ago

Curaleaf's Exchange-Traded Options to Trade on Montreal Exchange

Curaleaf Holdings (CURA.TO) said Friday exchange-traded options on its shares are expected to start trading on the Montreal Exchange (MX) on July 13, under the symbol "CURA".The company believes the listing will increase liquidity and attract options traders, and institutional investors whose strategies include derivatives."The listing of exchange-traded options on the Montreal Exchange reflects Curaleaf's market capitalization, trading depth and growing institutional relevance," said Chief Executive Boris Jordan.Curaleaf shares were last seen up C$0.20, to C$13.37 on the Toronto Stock Exchange.Price: $13.39, Change: $+0.22, Percent Change: +1.67%

$CURA.TO

US Active Rig Count Rises by 1, Baker Hughes Says

The combined count of crude oil, natural gas, and miscellaneous rigs in the US rose by one to 581 in the week ending July 10, according to data from Baker Hughes (BKR) released Friday.The US oil rig count remained unchanged from the previous week at 445, while the gas rig count also held steady at 126, the data showed.Price: $57.72, Change: $+0.52, Percent Change: +0.90%

$BKR

Top Midday Gainers

WD-40 (WDFC) upgraded its full-year outlook, opting to retain its Americas homecare and cleaning businesses, and reported higher fiscal Q3 results late Thursday.Shares jumped 10%, with intraday trading volume rising to over 846,000 from a daily average of about 169,000.Cue Biopharma (CUE) said late Thursday it agreed to a private placement of its shares and pre-funded warrants with a group of investors to raise around $50 million in gross proceeds.Shares jumped 6%, with intraday trading volume of over 227,000, versus a daily average of about 588,000.CCC Intelligent Solutions (CCC) is exploring a sale and has hired Morgan Stanley to advise on the process, Reuters reported Thursday, citing people familiar with the matter.Shares rose over 8% as trading volume grew to more than 11.7 million from a daily average of about 11.3 million.Price: $264.65, Change: $+25.23, Percent Change: +10.54%

$CCC$CUE$WDFC

Mining & Metals29d ago

Principal Technologies Raises C$1.1 Million in a Private Placement; Settles C$1.2 Million of Debts

Principal Technologies (PTEC.V) overnight Thursday said it closed a non-brokered private placement of shares that raised C$1.1. million.The company said it placed 2.2-million shares priced at C$0.50 in the financing.Proceeds will be used toward its research and development funding obligations and for general working capital needs.The company also settled an aggregate of C$1.2 million in outstanding debt through the issue of 2.4-million shares with a deemed price of C$0.50.Principal Technologies settled C$186,100 owed to arm's-length creditors for services provided, and C$1 million owed to two non-arm's-length creditors to satisfy repayment of promissory notes of C$1 million plus accrued interest in the amount of C$29,170.75, it said.The company's shares last traded June 24, closing at C$0.38 on the TSX Venture Exchange.

$PTEC.V

US Natural Gas Update: Futures Lose Ground on Ample Supply, Weakened Demand

US natural gas futures pared some losses in midday trading Friday after falling sharply earlier in the session, pressured by signs of softer demand amid abundant supply.The front-month Henry Hub contract and the continuous contract were both down 2.59% at $2.936 per million British thermal units.In earlier trade, prices fell as low as $2.874/MMBtu.LNG feedgas demand is expected to slow as Freeport LNG begins a weeks-long maintenance program, while weather forecasts point to cooling demand.Gelber & Associates said in a Friday note that current indications suggest a sequential, single-train turnaround rather than a broad simultaneous outage at Freeport LNG.Feedgas flows across the facility's primary supply points have eased to about 1 billion cubic feet per day to 1.35 Bcf/d, down from a recent baseline of roughly 1.7 Bcf/d. The maintenance work is expected to wind up at the end of next month.On the weather front, NatGasWeather.com said Thursday that while the next seven days would be hot in the southern two-thirds of the US, the major population centers in the northern US would experience milder temperatures.Meanwhile, supply levels remain elevated. The US Energy Information Administration reported a 61 Bcf storage injection for the week ended July 3, exceeding market expectations that ranged from 49 Bcf to 58 Bcf. The larger-than-expected build weighed heavily on futures prices Thursday.The latest injection was also above the 53 Bcf build recorded during the same week last year and the five-year average increase of 51 Bcf, lifting inventories to 2.983 trillion cubic feet, or 6.6% above the five-year average.US gas production in the Lower 48 remains strong but has eased slightly, averaging 109.7 Bcf/d so far in July, down from 110 Bcf/d in June, according to Trading Economics. July output remains below the record monthly high of 110.6 Bcf/d reached in December 2025.

Oil & Energy29d ago

EMEA Oil Update: Crude Holds Steady as Trump Says US-Iran Ceasefire Over, Signals Continued Talks

EMEA crude futures were little changed in after-hours trading on Friday as the US and Iran continued peace talks, but President Trump declared the existing ceasefire was "over."Brent crude futures eased by 0.9% to $75.55 per barrel, while Murban crude futures slipped by 0.9% to $70.69/bbl.Soojin Kim, research analyst at MUFG, said crude prices steadied as markets balanced ongoing US-Iran negotiations against renewed security risks in the Strait of Hormuz.On Friday, Trump said the US and Iran have agreed to continue peace talks, but said Washington told Tehran "in no uncertain terms" that the ceasefire is over.The US President on Friday told the New York Post in an interview that he has left instructions that should Iran succeed in assassinating him, Washington should bomb Iran at levels never seen before.Iranian armed forces launched attacks on US military infrastructure in the Gulf states on Thursday after US strikes on Iran's southern coastal and eastern provinces, further straining a creaking ceasefire.Saxo Bank strategists said that with oil prices softening following the midweek spike, traders appear to view the latest tensions as a challenge to the ceasefire rather than a complete breakdown, as Trump's earlier comments had briefly led markets to fear.The International Energy Agency said in its July 2026 Oil Market Report that renewed hostilities between the two adversaries risk derailing efforts to rebuild depleted global oil inventories later in 2026.The IEA said seasonal trends and a rebound in fuel supplies are lifting consumption from May lows, with global oil demand forecast to fall by 1 million barrels per day this year before rising by 2 mmbbl/d in 2027.Global oil demand is projected to rise by over 8 mmbbl/d by October from the May low of 97.9 mmbbl/d, moving above 2025 levels for the first time since February.The latest commercial vessel-tracking data showed traffic through the Hormuz remained muted for a second consecutive day as ship operators maintained a wide berth amid the lingering threat of regional escalation.Kpler reported 22 confirmed vessel crossings on July 9, down from 30 the previous day, indicating that shipping companies remain reluctant to return to normal operating patterns following recent security incidents in the region.On the supply side, Ukraine struck refineries in Russia, an oil terminal and an oil depot, along with tankers in the Sea of Azov, as Kyiv steps up its campaign targeting the Russian energy sector.Ukraine's Ministry of Defense said on Friday that its forces attacked the Ilsky oil refinery in the Krasnodar region and the Ust-Luga oil refining complex in the Leningrad region.Kyiv also targeted oil facilities in the Saratov, Rostov, Tver and Stavropol regions, as well as in Tatarstan and Bashkortostan.

Sector Update: Financial Stocks Rise Friday Afternoon

Financial stocks were higher in Friday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.2%.The Philadelphia Housing Index was climbing 2.4%, while the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.1%.Bitcoin (BTC-USD) was increasing 1.3% to $63,977, and the yield for 10-year US Treasuries was rising 1.2 basis points to 4.57%.In corporate news, Apollo Global Management (APO) launched a $7.65 billion bid for London-based airline EasyJet on Friday, modestly outbidding rival financial house Castlelake, Reuters and Bloomberg reported. Separately, Apollo has agreed to invest 3 billion euros ($3.4 billion) for a minority stake in a newly established entity holding Bayer's long-acting reversible contraceptives business, the companies said Friday. Apollo's shares were up 1.2%.Circle Internet Group (CRCL) received approval from the Office of the Comptroller of the Currency to establish First National Digital Currency Bank, which will operate under the name Circle National Trust. Circle shares gained 4.5%.JPMorgan Chase (JPM) has been testing results of an AI model that allocates assets between stocks and bonds, Bloomberg reported. JPMorgan shares added 0.3%.

$APO$CRCL$JPM

Sector Update: Energy Stocks Softer Friday Afternoon

Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index decreasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.3%.The Philadelphia Oil Service Sector Index was adding 0.9%, and the Dow Jones US Utilities Index was up 0.3%.Crude oil prices fell as Washington said it remains committed to finding a diplomatic solution for Iran. Talks between the US and Iran over a permanent peace deal are continuing, Bloomberg reported, citing an American official, despite two days of clashes that threatened to shatter a ceasefire. The US is still committed to finding a diplomatic solution with Iran, the official told Bloomberg on Thursday. The official described the ongoing discussions as technical talks.Front-month West Texas Intermediate crude oil fell 1.1% to $71.32 a barrel, and the global benchmark Brent crude contract decreased 0.7% to $75.79 a barrel. Henry Hub natural gas futures dropped 2.6% to $2.93 per 1 million BTU.In sector news, the International Energy Agency on Friday projected a smaller decline in global oil demand in 2026 amid signs of a rebound in consumption as crude flows improve. The agency now expects oil consumption to fall by 1 million barrels per day this year, compared with a 1.1 million-barrel drop forecast in June. That would mark the first annual contraction since 2020, CNBC reported.In corporate news, South Bow's (SOBO) subsidiaries South Bow USA and South Bow Infrastructure Operations have agreed to pay more than $26 million to settle allegations that the 2022 Keystone Pipeline rupture in Kansas violated the Clean Water Act, the Environmental Protection Agency, the Department of Justice and the State of Kansas said Friday. South Bow shares were down 0.9%.Plains All American Pipeline's (PAA) Q2 results are likely to be pressured by the company's recent sale of its Canadian natural gas liquids business, UBS Securities said Thursday in a report. Plains All American shares were down 0.6%.Solaris Energy Infrastructure (SEI) will join the S&P SmallCap 600, replacing Catalyst Pharmaceuticals (CPRX), effective prior to the opening of trading next Wednesday, S&P Dow Jones Indices said. Solaris shares rose 5.9%.

$PAA$SEI$SOBO

US Active Rig Count Rises by 1, Baker Hughes (BKR) Says

$BKR

Update: Gold Moves Lower as Treasury Yields Rise

(Updates prices in the second and final paragraphs.)Gold traded lower midafternoon Friday as treasury yields rose.Gold for August delivery was last seen down $27.30, or 0.7%, to $4,113.50 per ounce.The price of the metal has hovered above the $4,000 mark for the past two weeks, staying well under its Jan. 29 record high of $5,354.90 as the high oil prices that followed the US war on Iran boost inflation, raising concerns central banks will need to lift interest rates."Precious metals remain weighed down by renewed US rate-hike fears but are finding support from signs of demand returning following a month-long capitulation and correction phase," Saxo Bank noted,The dollar was steady, with the ICE dollar index last seen little changed at 100.69. Treasury yields rose, with the yield on the US two-year note last up 2.7 basis points to 4.218%, while the 10-year note was paying 4.57%, up 1.2 points

$GCQ6$GLD

Haoxi Health Technology to Raise $4 Million in Direct Stock Offering

Haoxi Health Technology (HAO) agreed to sell 10 million Class A shares or prefunded warrants to a group of investors in a registered direct offering to raise $4 million.The shares are priced at $0.40 each, and the sale is set to close around Monday, the company said Friday in a statement.Price: $0.49, Change: $-0.58, Percent Change: -54.11%

$HAO

Sector Update: Healthcare Stocks Decline Friday Afternoon

Healthcare stocks were lower Friday afternoon, with the NYSE Healthcare Index and the State Street Health Care Select Sector SPDR ETF (XLV) each shedding about 1%.The iShares Biotechnology ETF (IBB) fell 2.7%.In corporate news, Bausch + Lomb (BLCO) shares fell 3.5%. The company said late Thursday that results from a phase 2 trial assessing BL1107 in people with glaucoma showed the study did not meet its primary endpoint of replicating visual function improvements seen in a smaller phase 1/2a trial.Pfizer's (PFE) Q2 revenue is expected to match Wall Street's estimates, but its EPS may fall short, RBC said in a note. Separately, Pfizer's (PFE) vaccine disputes with Poland and Romania continue, now extending to the countries' air traffic agencies, Bloomberg reported. Pfizer shares were up 0.1%.Cosmos Health (COSM) shares jumped 10% after it said Friday that it has launched a subscription-based purchasing model for its consumer health brands.

$BLCO$COSM$PFE

Sector Update: Tech Stocks Mixed in Afternoon Trading

Tech stocks were mixed Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1%.The Philadelphia Semiconductor index was fractionally higher.In corporate news, South Korean semiconductor company SK Hynix's (SKHYV) American depositary shares opened Friday at $170 in their debut on the Nasdaq. The initial public offering was priced at $149 per ADR to raise $26.5 billion, the company said.ChipMOS Technologies (IMOS) shares rose past 3% after the company said its Q2 revenue rose 28.7% year over year to 7.38 billion New Taiwan dollars ($231.8 million), marking its highest quarterly revenue since 2014.Meta Platforms' (META) "addictive" design of Instagram and Facebook violates the European Union's Digital Services Act, the European Commission said. Meta shares were up 5.2%.

$IMOS$META$SKHYV