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"That would suggest that core prices will come down, albeit at a much slower rate than originally thought." ET, Dow e-minis were up 31 points, or 0.09%, S&P 500 e-minis were up 2.75 points, or 0.06%, and Nasdaq 100 e-minis were down 17 points, or 0.12%. Palo Alto Networks Inc (PANW.O) climbed 4.6% as the cybersecurity firm looks set to replace Dish Network (DISH.O) in the S&P 500 index. Apple Inc (AAPL.O) rose 1.0% ahead of its annual software developer conference, where it is widely expected to announce a new mixed-reality headset. Reporting by Sruthi Shankar and Shristi Achar A in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
Persons: Michael Hewson, Loretta Mester, Sruthi Shankar, Shristi, Vinay Dwivedi Organizations: Dow, Nasdaq, Wall, Traders, CMC Markets, P Global, Institute for Supply Management, Fed Cleveland, Dow e, . Energy, Exxon Mobil Corp, Chevron Corp, Schlumberger Ltd, Saudi, Palo Alto Networks, Dish Network, Big, Wall Street Journal, Bank of America Corp, Citigroup Inc, Apple Inc, Thomson Locations: Saudi Arabia, U.S, Washington, Big U.S, Bengaluru
Oil prices extended gains on Tuesday, with investor attention shifting to demand trends and the impact of higher prices on the global economy. Energy firms Chevron Corp (CVX.N), Exxon Mobil Corp (XOM.N) and Occidental Petroleum Corp (OXY.N) were set to extend gains, rising between 0.5% and 0.9% premarket. Among stocks, Virgin Orbit Holdings Inc (VORB.O) tanked 25% after the satellite launch company filed for Chapter 11 bankruptcy on failing to secure long-term funding. Etsy Inc (ETSY.O) gained 3.8% after Piper Sandler upgraded the consumer e-commerce platform's stock to "overweight". Reporting by Ankika Biswas in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
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