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First Solar Shares Rise After KeyBanc Removes Underweight Rating
First Solar (NASDAQ:FSLR) shares rose 0.8% in pre-market trading after KeyBanc upgraded the solar technology company to Sector Weight from Underweight, citing valuation following the stock’s year-to-date decline. KeyBanc described the change as a valuation-based decision rather than a revision to its fundamental view of First Solar. The shares have declined about 32% since the…
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Gold Falls Below $4,200 as Higher Yields and Interest Rate Outlook Weigh
Gold prices fell more than 3% on Monday, extending the previous week’s decline as investors assessed higher Treasury yields, a firmer US dollar and the outlook for further Federal Reserve interest rate increases. At 04:58 ET, spot gold fell 3.3% to $4,146.12 an ounce, while gold futures declined 3.3% to $4,178.05. Spot silver dropped 5.12%…
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Oil Prices Rise More Than 2% as Iran Maintains Hormuz Reopening Conditions
Oil prices rose more than 2% on Monday as Iran maintained its conditions for reopening the Strait of Hormuz following US President Donald Trump’s rejection of Tehran’s proposal, leaving uncertainty over the timing of a broader resumption of shipping through the waterway. At 04:31 ET, November Brent crude futures were up 2.7% at $107.08 a…
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US Stock Futures Fall as Iran Tensions, Higher Oil and AI Concerns Weigh: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved lower on Monday as investors assessed developments in the conflict involving Iran, higher oil prices and OpenAI’s decision to pause training of its latest artificial intelligence models. At 03:50 ET, S&P 500 futures were down 0.42% at 7,710.7 points, while Nasdaq 100 futures declined 1% to 30,595 points. Dow Jones futures…
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bioAffinity Technologies Builds Momentum for Non-Invasive Lung Cancer Detection
bioAffinity Technologies (NASDAQ:BIAF) is continuing to build momentum behind its non-invasive lung cancer diagnostic, CyPath Lung, with new clinical evidence and an expanding route into the US federal healthcare market. The company is presenting real-world clinical cases and new research focused on veteran and military populations at the 2026 NAVREF Annual Conference, highlighting the potential…
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UBS Forecasts Silver at $80 by September 2027 as Gold and Industrial Demand Provide Support
UBS expects silver prices to remain closely linked to gold and forecasts the metal reaching $80 per ounce by September 2027, citing investment demand, industrial consumption and constraints on supply growth. Strategist Dominic Schnider said silver has continued to move in line with gold, with the correlation between the two precious metals near multi-year highs.…
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Citi Expects Limited S&P 500 Fundamental Impact From U.S. Midterm Election
Citi expects the November U.S. midterm elections to have limited implications for S&P 500 fundamentals over the intermediate term, although the bank said individual sectors could experience a greater impact depending on the composition of Congress. The bank described the election as a potential “fundamental non-event” for the broader index across the outcomes considered in…
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Citi Flags Short-Covering Risk as Global Equity Positioning Weakens
Global equity positioning weakened further last week as investors reduced directional exposure and added short positions across several major markets, according to Citi strategists. Strategists led by David Chew said positioning remained comparatively resilient in EuroStoxx and U.S. large-cap equities, but underlying sentiment had become more defensive. Citi identified increased short exposure in a number…
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JPMorgan Says Profit Margins and Balance Sheets Could Help Equities Absorb Higher Yields
JPMorgan strategists said global equities could absorb the recent increase in bond yields, pointing to corporate profit margins, balance-sheet leverage and broader earnings growth as factors supporting their assessment. The rise in Brent crude above $100 over the past two weeks has coincided with higher bond yields, including the U.S. 10-year Treasury yield approaching 5%.…
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Wall Street Closes Higher as AI Dealmaking Offsets Rising Bond Yields
U.S. stocks closed higher on Friday, with all three major indexes posting gains as a fresh wave of artificial intelligence dealmaking helped investors look past a bond market that continues to send borrowing costs to multi-year highs. The advance capped a positive week for Wall Street even as the 10-year Treasury yield hovered near its…