U.S. STOCKS ON THE MOVE-Adobe, Foot Locker, Occidental Petroleum
14/12/2023 16:08
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Wall Street's main indexes rose on Thursday, with tech giant Apple notching a
record high, a day after the Federal Reserve hinted an end to its aggressive
rate hike campaign and signaled that borrowing costs would be lower next year.
.N
At 10:37 ET, the Dow Jones Industrial Average .DJI was up 0.13% at
37,137.93. The S&P 500 .SPX was up 0.29% at 4,720.6 and the Nasdaq Composite
.IXIC was up 0.27% at 14,774.373.
The top three S&P 500 .PG.INX percentage gainers:
** Align Technology ALGN.O , up 12%
** Moderna MRNA.O , up 12%
** SolarEdge Technologies SEDG.O , up 11%
The top three S&P 500 .PL.INX percentage losers:
** Cardinal Health CAH.N , down 6.6%
** Adobe ADBE.O , down 6.3%
** Everest Group EG.N , down 5.5%
The top NYSE .PG.N percentage gainer:
** Gaotu Techedu GOTU.N , up 18.6%
The top three Nasdaq .PG.O percentage gainers:
** TPI Composites TPIC.O , up 55.8%
** C4 Therapeutics CCCC.O , up 48.8%
** XBP Europe Holdings XBP.O , up 40.9%
The top three Nasdaq .PL.O percentage losers:
** Mind Technology MINDP.O , down 34.7%
** Amtech Systems ASYS.O , down 31.2%
** Cepton CPTN.O , down 26.4%
** Adobe Inc ADBE.O : down 6.3%
BUZZ - Slides on anti-trust issues, weak revenue forecasts urn:newsml:reuters.com:*:nL4N3D92AD
** Ocular Therapeutics Inc OCUL.O : down 14.1%
BUZZ - Tumbles on $100 mln stock offering urn:newsml:reuters.com:*:nL1N3D90TQ
** AerSale Corp ASLE.O : down 8.3%
BUZZ - Falls as Leonard Green carves stake in secondary offering urn:newsml:reuters.com:*:nL1N3D91G6
** Invesco Ltd IVZ.N : up 6.8%
BUZZ - Rises after KBW upgrades to 'outperform', lifts PT urn:newsml:reuters.com:*:nL4N3D92MH
** Moderna Inc MRNA.O : up 12.0%
BUZZ - Rises on positive trial data for melanoma vaccine plus
Keytruda urn:newsml:reuters.com:*:nL4N3D92W8
** Foot Locker Inc FL.N : up 7.0%
BUZZ - Rises after Piper Sandler upgrades to 'overweight' urn:newsml:reuters.com:*:nL4N3D93DY
** Newmont Corp NEM.N : up 2.9%
** Barrick Gold Corp GOLD.N : up 1.5%
** Sibanye Stillwater Ltd SBSW.N : up 8.9%
** Gold Fields Ltd GFI.N : up 8.7%
BUZZ - Gold miners rise as dollar, Treasury yields weaken on Fed rate cut
forecast urn:newsml:reuters.com:*:nL4N3D92P4
** Codexis Inc CDXS.O : up 20.6%
BUZZ - Up on licensing agreement with Aldevron urn:newsml:reuters.com:*:nL4N3D92SA
** Apellis Pharmaceuticals Inc APLS.O : down 21.1%
BUZZ - Falls after concerns over eye disease drug approval in EU urn:newsml:reuters.com:*:nL4N3D92SW
** Upstart Holdings Inc UPST.O : up 3.5%
** SoFi Technologies Inc SOFI.O : up 5.3%
** Block Inc SQ.N : up 7.3%
BUZZ - Fintech, payment stocks rise after Fed signals policy pivot urn:newsml:reuters.com:*:nL4N3D92T0
** KeyCorp KEY.N : up 4.5%
BUZZ - Rises after Wells Fargo upgrades to Street-high PT urn:newsml:reuters.com:*:nL4N3D92WK
** Exxon Mobil Corp XOM.N : up 2.4%
** Chevron Corp CVX.N : up 2.4%
** Marathon Oil Corp MRO.N : up 3.2%
** Devon Energy Corp DVN.N : up 4.6%
BUZZ - Oil companies rise as IEA lifts 2024 demand forecast urn:newsml:reuters.com:*:nL4N3D92WL
** Occidental Petroleum Corp OXY.N : up 3.6%
BUZZ - Gains as Berkshire Hathaway boosts stake urn:newsml:reuters.com:*:nL4N3D93G7
** Pagaya Technologies Ltd PGY.O : up 14.4%
BUZZ - Rises after Jefferies initiates coverage with 'buy' urn:newsml:reuters.com:*:nL4N3D92UF
** Jabil Inc JBL.N : up 5.0%
BUZZ - Rises on Q1 results beat urn:newsml:reuters.com:*:nL4N3D93DF
** Park Hotels & Resorts Inc PK.N : up 7.3%
** Host Hotels & Resorts Inc HST.O : up 5.7%
** Sunstone Hotel Investors Inc SHO.N : up 4.6%
BUZZ - J.P.Morgan upgrades, raises PTs on lodging REITs urn:newsml:reuters.com:*:nL4N3D92ZL
** Live Nation Entertainment Inc LYV.N : up 5.8%
BUZZ - Gains after brokerage upgrades to 'overweight' urn:newsml:reuters.com:*:nL4N3D92XI
** Pembina Pipeline Corp PBA.N : down 1.1%
BUZZ - Falls after deal with Enbridge urn:newsml:reuters.com:*:nL4N3D930O
** Zions Bancorporation NA ZION.O : up 4.6% premarket
BUZZ - Rises after brokerages raise price targets urn:newsml:reuters.com:*:nL4N3D930I
** FedEx Corp FDX.N : up 1.5%
BUZZ - Bernstein raises PT for FedEx on improved market conditions, cost-cut
push urn:newsml:reuters.com:*:nL4N3D933S
** D R Horton Inc DHI.N : up 4.4%
** Lennar Corp LEN.N : up 4.9%
** Pultegroup Inc PHM.N : up 4.1%
** Toll Brothers Inc TOL.N : up 6.0%
** KB Home KBH.N : up 5.9%
BUZZ - Bank of America sees tailwind for US homebuilders on lower interest
rates urn:newsml:reuters.com:*:nL4N3D931D
** Bluebird Bio Inc BLUE.O : up 11.3%
BUZZ - Rises after coverage agreement on gene therapy urn:newsml:reuters.com:*:nL4N3D93CL
** Top Ships Inc TOPS.O : up 6.0%
BUZZ - Gains on $4 mln share buyback plan urn:newsml:reuters.com:*:nL4N3D93GZ
The 11 major S&P 500 sectors:
Communication Services .SPLRCL down 0.63%
Consumer Discretionary .SPLRCD up 1.03%
Consumer Staples .SPLRCS down 0.58%
Energy .SPNY up 2.43%
Financial .SPSY up 0.82%
Health .SPXHC down 0.65%
Industrial .SPLRCI up 0.85%
Information Technology .SPLRCT down 0.12%
Materials .SPLRCM up 1.86%
Real Estate .SPLRCR up 2.45%
Utilities .SPLRCU up 0.65%
(Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))