The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

1608 ET - Strength in the tech sector propels the S&P 500 and Nasdaq higher, while worries about continued fighting in the Middle East weigh down the broader market. Energy shares climb over 1% as oil prices rise after Israel and Iran exchanged strikes over the weekend before saying they will hold off further attacks. Semiconductor shares, which came under pressure last week, rebound as momentum behind AI investing resumes. DJIA falls 80 points, or 0.2%, to 50786, while the S&P 500 gains 0.3% to 7405 and the Nasdaq climbs 0.9% to 25929. (patrick.sullivan@wsj.com)

1441 ET - Apple kicks off the artificial-intelligence section of its Worldwide Developers Conference with some thinly-veiled criticism of leading AI developers for losing sight of broader goals. "Some appear to be racing forward, seemingly pursuing AI for the sake of AI, without clear regard for the people, all of us, that it's ultimately meant to serve," Apple's senior vice president for software engineering, Craig Federighi, says. The comments come amid fierce debate over the proper development of AI, with President Trump signing an executive order to boost the government's AI oversight and Anthropic calling for a global pause in AI development last week. Apple has struggled to get its own AI innovation off the ground, and tapped Google to overhaul its Siri chatbot at the start of this year. (elias.schisgall@wsj.com)

1412 ET - Apple will use its new artificial-intelligence models, developed in collaboration with Google, to revamp its apps. Beyond a widely-expected overhaul of Siri, now called Siri AI, the company says it will use "Apple Intelligence" to group tabs and build custom extensions on Safari, manage user passwords, search through photos and messages, and create calendar entries. Apple also says it has integrated AI into its "Shortcuts" app and into its photo-editing software. (elias.schisgall@wsj.com)

1410 ET - Apple is emphasizing privacy as it unveils a slate of new artificial-intelligence features at its Worldwide Developers Conference. The company stresses that its AI features use on-device processing and private cloud computing, adding that users' AI data is not stored or accessible to either Apple or third parties. "Today, many AI providers talk about privacy, but by default, most of them retain your personal interactions, leaving the onus on you to defend your privacy," Apple's senior vice president for software engineering, Craig Federighi, says. With Apple, he adds, "your data is only used to execute your request, and outside experts can continue to verify this promise at any time." (elias.schisgall@wsj.com)

1407 ET - Apple unveils the long-awaited revamp of its Siri chatbot, called Siri AI and powered by Google's Gemini artificial-intelligence models, at the company's Worldwide Developers Conference. The new Siri will have a dedicated app and will be able to observe the contents of users' screens, take actions within apps, and draw on broad world knowledge, Apple's Mike Rockwell says. Investors have been waiting for the new Siri since the company promised an overhaul two years ago, only to be beset by delays, including a leadership turnover. "Siri is now a profoundly more capable assistant that helps you find what you need and gets more done," Rockwell says. (elias.schisgall@wsj.com)

1254 ET - Campbell's expects the Middle East conflict to drive up logistics costs, hurting its bottom line. However, the company backed its outlook for the fiscal year, given it expects a tariff refund benefit in the current quarter will offset the effects of the conflict. Campbell's CFO Todd Cunfer says the company was previously forecasting base inflation of around 3% before the conflict, and is now expecting an additional 2% to 3% on top of that if oil stays at around $100 a barrel. In addition to higher diesel costs, a driver shortage has also ramped up logistics and freight costs, he says. (kelly.cloonan@wsj.com)

1231 ET - Canada isn't in a recession, concludes Bank of Nova Scotia CEO Scott Thomson. That is despite arguments to the contrary after GDP contacted two straight quarters, albeit only marginally in the latest quarter. Appearing on CNBC, Thomson makes the case that indicators argue against recession, including a big rebound in hiring last month, per-capita consumption rose quarter-over-quarter and early indications show GDP was up relatively strongly in April. "I think obviously Canada's strength in resources is fitting the moment so well." Scotiabank's Thomson also says the government in Ottawa is very pro-growth and international investors, who have historically left Canada, are now back in. He points to Shell's recent deal to buy Canada's Arc Resources as a sign of returning investment in the country. (robb.stewart@wsj.com)

1221 ET - Campbell's says soup consumption continues to decline, pointing to weakness for its ready-to-serve soups. However, soup products typically used as ingredients, like broth, remain a bright spot, Chief Executive Mick Beekhuizen says during a call with analysts. Campbell's is looking to shore up results in its soup business with a focus on those products, with plans to invest in a large number of items across its Campbell's, Swanson and Pacific brands, Beekhuizen says during a call with analysts. That portfolio, which represents about half of its U.S. retail soup portfolio, has been a steady growth driver for years, including about a 3.4% increase this fiscal year to date, he says.(kelly.cloonan@wsj.com)

1204 ET - Kneat.com likely won't receive a better offer than the $466 million from Thoma Bravo, says TD Cowen's David Kwan. The analyst notes that the C$6.50-a-share offer is "near its all-time high and at an attractive valuation," which will take the life-sciences software company private at a 40% premium to its May 8 close, and 20% to Friday's close. "We think the probability of a superior bid is relatively low given the strategic review and 'comprehensive sale process,' attractive valuation, and shareholder support, among other things," Kwan says. He downgrades the stock to sell, recommending investors tender to the offer, and raises the target price to C$6.50 from C$6. Shares are up over 18% to C$6.42. (adriano.marchese@wsj.com)

1201 ET - Campbell's says consumers continue to cook more at home, a trend it sees holding up and providing a boost over the long term. "Consumers are not only seeking affordability, but also the comfort, flexibility and personalization that comes with preparing meals at home," Chief Executive Mick Beekhuizen says during a call with analysts. Digital ordering and the "recipe hack culture" enabled by social media are adding a layer of convenience and creativity, he adds. "That makes this trend particularly powerful for the Campbell's Company because helping people easily create meaningful, satisfying food moments at home is exactly where our meals and beverage brands are strongest," he says. Campbell's plans to invest more in consumer insights to drive brand support and a bolder pipeline of innovation to capitalize on the shift, he says. (kelly.cloonan@wsj.com)

1158 ET - Gold prices trim losses after Iran and Israel ended multiple exchanges of fire Monday, pushing Brent crude oil lower. In afternoon trading, New York gold futures are down 0.1% to $4,362 a troy ounce, after falling more than 1% earlier in the session. Still, prices remain below the $4,400 mark amid concerns that higher energy costs could fuel inflation and prompt interest-rate hikes. "Persistent disruptions to energy flows through the Strait of Hormuz continue to support oil prices and fuel inflation fears," analysts at MUFG say. "Additional pressure came from stronger than expected U.S. economic data, which increased expectations that the Fed could keep rates higher for longer." (giulia.petroni@wsj.com)

1155 ET - Markets are pricing in only a small probability that negotiations to renew the U.S.-Mexico-Canada Agreement will lead to a break-up of the trade pact, analysts at Natixis say in a report. Natixis sees a U.S. exit as unlikely since Mexico and Canada are among the top three export destinations for several states with a majority of Republican representatives in the House, although "failure to reach an agreement by Q1 2027 could begin to weigh on markets." A USMCA break-up would "cause a severe recession in Canada and Mexico" while the U.S. "could avoid recession but its economy would take a hit," they say. Ratification of the pact will leave Mexico and Canada with the lowest U.S. tariffs in the world, a positive as the U.S. will likely remain the world's largest economy with one of the fastest rates of productivity growth, they add.(anthony.harrup@wsj.com)

(END) Dow Jones Newswires

June 08, 2026 16:08 ET (20:08 GMT)

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