Buzz-U.S. Stocks on the Move-Pinterest, Intel, SLB
SPY•Stocks in focus
- Exxon Mobil Corp (XOM.N), Chevron Corp (CVX.N) and Occidental Petroleum Corp (OXY.N): U.S. energy companies gained after oil prices climbed as the U.S. and Iran resumed attacks.
- Pinterest Inc (PINS.N): Dropped as the finance chief is set to step down.
- BioMarin Pharmaceutical Inc (BMRN.O): Climbed on a global patent settlement with Ascendis.
- PG&E Corp (PCG.N), Edison International (EIX.N) and Sempra (SRE.N): California utilities slid after a revised wildfire risk bill.
- GitLab Inc (GTLB.O): Rose after BTIG hiked its price target, citing software market trends.
- Intel Corp (INTC.O): Gained after a report said SK Hynix is considering it for chip production.
- SLB NV (SLB.N): Jumped after announcing a $3.4 billion deal for cooling firm Kelvion.
Wall Street futures and sector moves
August 31 (Reuters) - Wall Street futures edged lower on Monday after military clashes between the U.S. and Iran drove up oil prices, stoking inflation fears as the interest-rate outlook turns more hawkish.
