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ServiceNow Gains on Inflation Data, Insider Moves and Leadership Shift in Focus
ServiceNow shares climbed 3.6% to $107.08 Friday, buoyed by a softer U.S. inflation report. Investors are monitoring insider transactions, a leadership transition, and the company's financial targets.
Real Estate ETFs Gain as Inflation Eases, Fed Minutes Loom
Real estate investment trusts and related ETFs advanced Friday as Treasury yields declined following lower-than-expected inflation figures. Investors now await Federal Reserve meeting minutes and key economic data.
Utilities Sector Surges on Falling Bond Yields, Key Fed Data Ahead
The utilities sector outperformed Friday, with the Utilities Select Sector SPDR Fund (XLU) climbing 2.8% to $46.50 as Treasury yields declined following mild inflation figures. Key earnings and regulatory approvals bolstered individual stocks.
Industrial Sector Gains on Inflation Data Ahead of Key Fed, PCE Reports
Industrial stocks advanced Friday, with the XLI ETF climbing 0.82% after cooler-than-expected inflation data. Focus now shifts to Federal Reserve minutes and the PCE inflation gauge due this week.
Materials Sector Gains on Inflation Data, Steel Slumps on Tariff Fears
The materials sector advanced Friday as a cooler inflation reading boosted sentiment, though steel and aluminum stocks retreated amid renewed tariff concerns. Copper prices held firm despite a significant build in exchange inventories.
Applied Materials Surges on AI Chip Demand Forecast; Tech Sector Wavers
Applied Materials shares rallied sharply Friday following an optimistic forecast tied to artificial intelligence infrastructure spending, even as the broader technology sector faced weekly losses amid market volatility.
Gulf Bank Stocks Retreat on Geopolitical Jitters; Egypt Soars on Rate Cut
Gulf banking shares declined Sunday amid heightened U.S.-Iran tensions, while Egypt's main index jumped 3.6% to a record following a 100 basis-point interest rate cut.
Caterpillar Shares Gain Amid Insider Sale, Tariff Warning Ahead of Holiday
Caterpillar shares advanced 2.1% to $774.20 Friday following its annual report filing and an insider transaction, while management highlighted tariff headwinds and data-center demand.
Cloud ETFs Gain on Softer Inflation Data Ahead of Holiday
Cloud-focused exchange-traded funds advanced roughly 2.6% on Friday, led by the First Trust Cloud Computing ETF (SKYY), following softer U.S. inflation figures and a dip in Treasury yields. Trading resumes Tuesday after the Presidents Day holiday.
Defense Stocks Rally Ahead of Holiday; AST SpaceMobile Unveils $1B Financing
U.S. defense and space equities advanced Friday, led by Lockheed Martin and Huntington Ingalls, while AST SpaceMobile announced a major $1 billion financing initiative. Markets are closed Monday for the Presidents Day holiday.