Labor Department Aays Human Error and Technical Glitch Were Behind Data Hiccups — WSJ

Health care stocks were softer late Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each easing 0.2%.

The iShares Biotechnology ETF (IBB) shed 0.6%.

In corporate news, Chimerix shares soared 224% a day after the company said it plans to submit a new drug application with the US Food and Drug Administration seeking accelerated approval for dordaviprone.

UniQure shares surged 110% after Wells Fargo upgraded the company's stock to overweight from equalweight, with a $35 price target. The upgrade follows the company's announcement that it reached an agreement with the US Food and Drug Administration on elements of an accelerated approval pathway for its drug AMT-130, a potential treatment for Huntington's disease.

Walgreens Boots Alliance shares surged 16%. The company is in talks to be acquired by private equity firm Sycamore Partners, The Wall Street Journal reported, citing people familiar with the matter.

CervoMed shares plunged 78% after the company said a phase 2b trial assessing neflamapimod to treat people with dementia with Lewy bodies failed to meet its primary or key secondary endpoints.

Health care stocks were softer late Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each easing 0.2%.

The iShares Biotechnology ETF (IBB) shed 0.6%.

In corporate news, Chimerix shares soared 224% a day after the company said it plans to submit a new drug application with the US Food and Drug Administration seeking accelerated approval for dordaviprone.

UniQure shares surged 110% after Wells Fargo upgraded the company's stock to overweight from equalweight, with a $35 price target. The upgrade follows the company's announcement that it reached an agreement with the US Food and Drug Administration on elements of an accelerated approval pathway for its drug AMT-130, a potential treatment for Huntington's disease.

Walgreens Boots Alliance shares surged 16%. The company is in talks to be acquired by private equity firm Sycamore Partners, The Wall Street Journal reported, citing people familiar with the matter.

CervoMed shares plunged 78% after the company said a phase 2b trial assessing neflamapimod to treat people with dementia with Lewy bodies failed to meet its primary or key secondary endpoints.

Financial stocks were mixed in late Tuesday afternoon trading with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund (XLF) up 0.1%.

The Philadelphia Housing Index fell 2%, and the Real Estate Select Sector SPDR Fund (XLRE) dropped 1.5%.

Bitcoin (BTC/USD) declined 1.6% to $95,997, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.22%.

In economic news, the National Federation of Independent Business's monthly Small Business Optimism Index jumped to 101.7 in November from 93.7 in October, above 90.6 from a year earlier and the highest since June 2021.

In corporate news, Markel faces pressure from Jana Partners to consider divesting or separating the private investments business, Bloomberg reported, citing Scott Ostfeld, managing partner at Jana Partners. Markel shares were marginally up.

JPMorgan Chase revised its net interest income guidance for 2025, saying it will likely come in about $2 billion higher than current estimates, Marianne Lake, the company's head of consumer and community banking said at the Goldman Sachs financial services conference. JPMorgan shares were easing fractionally.

UBS is restructuring its US wealth management business to serve the affluent in addition to ultra-wealthy clients, The Wall Street Journal reported, citing an email to staff. UBS shares fell almost 3%.

Citigroup shares rose almost 1% after it said Tuesday it expects Q4 investment banking fees to be up 25% to 30% year over year.

Financial stocks were mixed in late Tuesday afternoon trading with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund (XLF) up 0.1%.

The Philadelphia Housing Index fell 2%, and the Real Estate Select Sector SPDR Fund (XLRE) dropped 1.5%.

Bitcoin (BTC/USD) declined 1.6% to $95,997, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.22%.

In economic news, the National Federation of Independent Business's monthly Small Business Optimism Index jumped to 101.7 in November from 93.7 in October, above 90.6 from a year earlier and the highest since June 2021.

In corporate news, Markel faces pressure from Jana Partners to consider divesting or separating the private investments business, Bloomberg reported, citing Scott Ostfeld, managing partner at Jana Partners. Markel shares were marginally up.

JPMorgan Chase revised its net interest income guidance for 2025, saying it will likely come in about $2 billion higher than current estimates, Marianne Lake, the company's head of consumer and community banking said at the Goldman Sachs financial services conference. JPMorgan shares were easing fractionally.

UBS is restructuring its US wealth management business to serve the affluent in addition to ultra-wealthy clients, The Wall Street Journal reported, citing an email to staff. UBS shares fell almost 3%.

Citigroup shares rose almost 1% after it said Tuesday it expects Q4 investment banking fees to be up 25% to 30% year over year.

Energy stocks were lower late Tuesday afternoon, with the NYSE Energy Sector Index down 0.1% and the Energy Select Sector SPDR Fund (XLE) easing 0.2%.

The Philadelphia Oil Service Sector index added 0.6%, and the Dow Jones US Utilities index was down 0.6%.

Front-month West Texas Intermediate crude oil was rising 0.1% to $68.43 a barrel while the global benchmark Brent crude contract was down 0.1% to $72.05 a barrel. Henry Hub natural gas futures were adding 0.1% to $3.19 per 1 million BTU.

In corporate news, Enlight Renewable Energy shares rose 1.3% after the company said it has started commercial operations at its 94-megawatt Pupin wind farm in Serbia.

TotalEnergies said Tuesday it completed its acquisition of the interests of OMV and Sapura Upstream Assets in Malaysian gas producer SapuraOMV Upstream. TotalEnergies shares shed 1.2%.

ProPetro shares surged nearly 21% after it announced its new ProPetro Energy Solutions unit that will do business as ProPWR with a growth capital investment of about $122 million.

Chevron's Chevron USA unit said Tuesday that it has completed a retrofit of its Pasadena, Texas refinery, boosting its capacity to process lighter crudes by nearly 15% to 125,000 barrels per day. Chevron shares rose 0.6%.