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U.S. stocks fell in the first trading session of 2024 after Apple shares dropped
on a broker downgrade and Treasury yields climbed as investors tempered
expectations around interest-rate cuts this year. .N
At 13:34 ET, the Dow Jones Industrial Average .DJI was up 0.12% at
37,733.56. The S&P 500 .SPX was down 0.53% at 4,744.53 and the Nasdaq
Composite .IXIC was down 1.56% at 14,777.843.
The top three S&P 500 .PG.INX percentage gainers:
** Moderna MRNA.O , up 15.6%
** Viatris VTRS.O , up 4.7%
** Wynn Resorts WYNN.O , up 4.6%
The top three S&P 500 .PL.INX percentage losers:
** Norwegian Cruise Line Holdings NCLH.N , down 6.7%
** Royal Caribbean Cruises RCL.N , down 6.4%
** Advanced Micro Devices AMD.O , down 5.6%
The top NYSE .PG.N percentage gainer:
** Polished.Com POL.N , up 43.8%
The top three NYSE .PL.N percentage losers:
** Amprius Technologies AMPX.N , down 17.8%
** Vince Holding Corp VNCE.N , down 12.7%
** Embotelladora Andina SA AKOa.N , down 12.3%
The top three Nasdaq .PG.O percentage gainers:
** Longboard Pharmaceuticals LBPH.O , up 212.8%
** Yoshiharu Global YOSH.O , up 46 %
** Polypid Ltd PYPD.O , up 35.8 %
The top three Nasdaq .PL.O percentage losers:
** Anavex Life Sciences AVXL.O , down 34.5%
** China SXT Pharmaceuticals SXTC.O , down 34%
** Vast Renewables VSTE.O , down 32%
** PNM Resources PNM.N : down 6.0%
BUZZ - Slips after Avangrid terminates $8.3 bln deal urn:newsml:reuters.com:*:nL4N3DS1JN
** JOYY YY.O : down 14.8%
BUZZ - ADRs slump as Baidu scraps $3.6 bln China live-streaming unit deal
urn:newsml:reuters.com:*:nL4N3DS1JH
** Exxon Mobil Corp XOM.N : up 2.9%
** Chevron Corp CVX.N : up 1.2%
** Marathon Oil Corp MRO.N : up 2.2%
** Occidental Petroleum Corp OXY.N : up 1.6%
BUZZ - Oil companies rise on Middle East supply disruption worries urn:newsml:reuters.com:*:nL4N3DS1KI
** Apple AAPL.O : down 3.8%
BUZZ - Hits seven-week low after Barclays cuts rating to 'underweight'
urn:newsml:reuters.com:*:nL4N3DS2FG
BUZZ - Huawei chips away at Apple's premium smartphone market share in 2023 -
report urn:newsml:reuters.com:*:nL4N3DS1UQ
** Boeing Co BA.N : down 2.9%
BUZZ - Down after Goldman Sachs removes stock from conviction list urn:newsml:reuters.com:*:nL4N3DS1VA
** Spotify Technology SA SPOT.N : up 0.2%
BUZZ - Benchmark hikes Spotify PT, says audiobook pricing is 'meatiest'
urn:newsml:reuters.com:*:nL4N3DS1TG
** NGM Biopharmaceuticals NGM.O : up 49.0%
BUZZ - Rises on takeover interest from shareholder group urn:newsml:reuters.com:*:nL4N3DS1ZO
** Corcept Therapeutics CORT.O : down 26.3%
BUZZ - Down after losing patent lawsuit against Teva urn:newsml:reuters.com:*:nL4N3DS1XO
** Voyager Therapeutics VYGR.O : up 24.5%
BUZZ - Rises on deal with Novartis to develop gene therapy
candidates urn:newsml:reuters.com:*:nL4N3DS2F5
** Hasbro HAS.O : down 0.6%
BUZZ - Down after brokerage downgrades stock to 'neutral' urn:newsml:reuters.com:*:nL4N3DS21B
** Arrowhead Pharmaceuticals ARWR.O : up 2.3%
** Alnylam Pharmaceuticals ALNY.O : up 1.5%
** Biomarin Pharmaceuticals BMRN.O : up 1.3%
** Ionis Pharmaceuticals IONS.O : up 4.2%
BUZZ - Biotech sector's recovery to accelerate in 2024 - Bernstein urn:newsml:reuters.com:*:nL4N3DS1UA
** Vertex Energy VTNR.O : down 27.6%
BUZZ - Slumps on adding $50 mln to existing term loan urn:newsml:reuters.com:*:nL4N3DS2FC
** Ball Corp BALL.N : down 0.8%
BUZZ - Slips after BoFA downgrades to 'underperform' urn:newsml:reuters.com:*:nL4N3DS22C
** JPMorgan Chase JPM.N : up 1.0%
** Bank of America Corp BAC.N : up 1.1%
** Wells Fargo WFC.N : up 0.8%
BUZZ - Barclays sees improved US large-cap banks stock performance in 2024
urn:newsml:reuters.com:*:nL4N3DG3JZ
** Anavex Life Sciences Corp AVXL.O : down 34.5%
BUZZ - Down after neurological disorder drug fails to meet one of the main
goals urn:newsml:reuters.com:*:nL4N3DS26S
** Tesla TSLA.O : up 0.1%
BUZZ - Edges up after Q4 deliveries beat estimates urn:newsml:reuters.com:*:nL4N3DS2GW
** Rivian Automotive RIVN.O : down 9.5%
BUZZ - Down as Q4 deliveries miss estimates urn:newsml:reuters.com:*:nL4N3DS27R
** Terran Orbital Corp LLAP.N : up 18.9%
BUZZ - Jumps after Rivada Space payment urn:newsml:reuters.com:*:nL1N3DS0UY
** Alliant Energy Corp LNT.O : up 0.9%
** Evergy EVRG.O : up 2.5%
** DTE Energy DTE.N : up 1.5%
** Edison International EIX.N : up 1.1%
BUZZ - Barclays positive on utilities sector in 2024 on declining cost of
capital urn:newsml:reuters.com:*:nL4N3DS1XA
** Longboard Pharmaceuticals LBPH.O : up 212.8%
BUZZ - Rises as brain disease therapy shows promise urn:newsml:reuters.com:*:nL4N3DS2AS
** ImmunityBio IBRX.O : up 1.8%
BUZZ - Rises on up to $320 mln investment by private equity firm urn:newsml:reuters.com:*:nL4N3DS2FY
** MiMedx Group MDXG.O : down 11.5%
BUZZ - Falls on FDA warning letter for its placental-derived Axiofill
urn:newsml:reuters.com:*:nL4N3DS2ED
** Tapestry TPR.N : up 4.4%
BUZZ - Rises after J.P.Morgan lifts PT urn:newsml:reuters.com:*:nL4N3DS2G9
** Coherus BioSciences CHRS.O : up 3.5%
BUZZ - Rises after launching throat cancer therapy urn:newsml:reuters.com:*:nL4N3DS2LH
** Moderna MRNA.O : up 15.6%
BUZZ - Expects sales to grow in 2025, shares rise urn:newsml:reuters.com:*:nL4N3DS2LJ
** Harmony Biosciences HRMY.O : down 6.7%
BUZZ - Falls as BofA downgrades to 'underperform' urn:newsml:reuters.com:*:nL4N3DS2MV
** Citigroup C.N : up 3.1%
BUZZ - Gains as Wells Fargo raises PT, sees stock doubling over 3 years
urn:newsml:reuters.com:*:nL4N3DG3JY
The 11 major S&P 500 sectors:
Communication Services .SPLRCL down 1.04%
Consumer Discretionary .SPLRCD down 0.76%
Consumer Staples .SPLRCS up 1.09%
Energy .SPNY up 1.84%
Financial .SPSY up 0.34%
Health .SPXHC up 1.76%
Industrial .SPLRCI down 0.72%
Information Technology .SPLRCT down 2.59%
Materials .SPLRCM down 0.22%
Real Estate .SPLRCR up 0.67%
Utilities .SPLRCU up 1.46%
(Rajarshi Roy)
((Rajarshi.Roy@thomsonreuters.com))