U.S. stocks fell on Thursday after briefly hitting intraday record highs, with the S&P 500 down 0.41%, the Nasdaq off 0.89%, and the Dow declining 0.36%. The pullback was mainly driven by weakness in software stocks and a sharp rise in oil prices. Investor sentiment was also weighed down by escalating geopolitical tensions tied to the Iran conflict, including a naval standoff and risks around the Strait of Hormuz, which increased market uncertainty and volatility. Brent crude rising above $105 per barrel added further inflation concerns.
Despite the selloff, U.S. stock futures were mostly flat later in the session, with Nasdaq futures slightly higher after news of a 3-week Israel–Lebanon ceasefire extension, which offered some cautious optimism. Earlier in the day, markets reversed from record intraday highs, marking the Nasdaq’s worst daily performance in about a month.
Ameriprise Financial: Little change despite beating estimates and raising dividend.
Arm Holdings: Investor buying on AI and deal optimism.
Boyd Gaming: −7% after missing earnings and revenue expectations.
Comfort Systems USA: Gained ~6% after strong earnings and dividend increase.
Hartford Insurance: −3% due to earnings and revenue miss.
IBM −8% despite solid earnings (weak outlook disappointed).
Intel: Stock jumped ~15% after major earnings and revenue beat, plus strong outlook.
MaxLinear: Surged ~27% on better-than-expected results and raised forecast.
Meta: Announced ~10% layoffs while shifting focus to AI.
Microsoft, Oracle, Palantir: Broader declines → dragged sector lower.
Newmont: Flat despite beating earnings; warned higher costs (oil, royalties) may hurt future results.
Nike: Slight gain (~1%) after announcing job cuts.
Penn Entertainment: Surged >15% on earnings beat.
SLM (Sallie Mae): +2% after solid earnings and raised guidance.
SAP: Rose ~5% on solid earnings and 19% cloud growth.
ServiceNow −18% after warning war hurt growth.
Warner Bros investors give the green light for US$110 bil merger with Paramount
SK Hynix’s profit jumps on soaring prices of AI memory chips
Kin Global closes at 26.5 cents on debut day of trading; reaches intra-day high of 27.5 cents
First REIT’s DPU fell by 13.8% y-o-y in 1Q2026
Q&M’s Ng in married deal with Asdew Acquisitions, Han Seng Juan and Bryan Lim involving 27 mil shares at 60 cents each
Suntec REIT’s 1QFY2026 DPU grew by 23.9% y-o-y to 1.936 cents
CapitaLand Investment wins $2.4 billion real estate investment mandate from Income Insurance
H2G Green’s subsidiary inks MOU with Thailand’s SCAN Inter to establish upstream supply chain for Bio-LNG
Skylink expects to report ‘substantially’ higher 2HFY2026 earnings, excluding one-offs
CLCT’s net property income for 1QFY2026 down 3.5% y-o-y to RMB282.4 mil
OKP’s second-largest shareholder cuts stake, AGT Partners is new substantial shareholder
Kingsmen Creatives wins $80.8 mil contract from Genting Singapore
Nanofilm’s 1QFY2026 revenue up 24% y-o-y to $55 mil
Digital Core REIT’s 1QFY2026’s distributable income was unchanged y-o-y
New Keppel’s 1Q2026 net profit is slightly lower y-o-y
Keppel’s 1QFY2026 business update showed slightly lower net profit year-on-year, excluding non-core assets. This was mainly due to weaker real estate performance, which offset stronger results from infrastructure and connectivity, while recurring income rose slightly thanks to stable operations and asset management earnings.
The company generated a turnaround in cash flow, reporting positive free cash inflows in 1Q2026 compared to outflows in the prior year, supported by both operating and investing activities. Keppel continues to rely heavily on asset monetisation and investments in funds, REITs, and co-investments, with proceeds from these sources remaining a key income driver.
So far in 2026, Keppel has monetised $385 million in non-core assets, bringing total announced monetisation since 2020 to about $14.9 billion, including major divestments like Keppel Offshore & Marine and M1’s telecom business. It also sold its remaining 5% stake in Seatrium, realising $430 million in cash.
The company aims to monetise an additional S$2–3 billion in 2026, while noting resilience in its energy business and limited direct exposure to Middle East tensions, though it warns prolonged disruption could still impact fundraising and asset sales.
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