U.S. STOCKS ON THE MOVE-Biogen, Otis, Cigna

American Superconductor

31/01/2024 19:05

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The tech-heavy Nasdaq tumbled to over a week low on Wednesday, as Alphabet's
projections for rising AI costs dented most megacap and chip stocks ahead of a
crucial Federal Reserve policy decision expected later in the day.  .N 
    
    At 13:43 ET, the Dow Jones Industrial Average  .DJI  was down 0.03% at
38,454.62. The S&P 500  .SPX  was down 0.78% at 4,886.59 and the Nasdaq
Composite  .IXIC  was down 1.25% at 15,315.292.
 
 The top three S&P 500  .PG.INX  percentage gainers:
 ** Stryker  SYK.N , up 8%
 ** Paramount Global  PARA.N , up 7.8%
 ** Edwards Lifesciences  EW.N , up 7.5%
 
 The top three S&P 500  .PL.INX  percentage losers:
 ** MarketAxess  MKTX.N , down 15.5%
 ** Rockwell Automation  ROK.N , down 15.4%
 ** Teradyne  TER.N , down 8%
 
 The top three NYSE  .PG.N  percentage gainers:
 ** Ashland  ASH.N , up 15.5%
 ** Nomura  NMR.N , up 12.4%
 ** Spirit AeroSystems  SPR.N , up 9.7%
 
 The top two NYSE  .PL.N  percentage losers:
 ** Oragenics  OGEN.N , down 45.5%
 ** New York Community Bancorp  NYCB.N , down 37.2%
 
 The top three Nasdaq  .PG.O  percentage gainers:
 ** Minim  MINM.O , up 61.4%
 ** Guardion Health Sciences  GHSI.O , up 61.2%
 ** Powell Industries  POWL.O , up 50.1%
 
 The top three Nasdaq  .PL.O  percentage losers:
 ** Evaxion Biotech  EVAX.O , down 30.9%
 ** Spectral AI  MDAI.O , down 24.7%
 ** Meta Materials  MMAT.O , down 21.7%
 
 
 ** Paramount Global Inc  PARA.O : up 7.8%
 BUZZ - Jumps on Byron Allen's $30 bln offer, including debt  urn:newsml:reuters.com:*:nL4N3EL2FB 
    
 ** Boeing Co  BA.N : up 5.7%
 BUZZ - Rises on better-than-expected Q4 results  urn:newsml:reuters.com:*:nL4N3EL3CB 
    
 ** Advanced Micro Devices Inc  AMD.O : down 2.3%
 ** Nvidia Corp  NVDA.O : down 2.2%
 BUZZ - Chipmakers slide after weak forecast from AMD  urn:newsml:reuters.com:*:nL4N3EL2I0 
    
 ** Alphabet Inc  GOOGL.O : down 6.4%
 ** Meta Platforms Inc  META.O : down 1.2%
 ** Snap Inc  SNAP.N : down 1%
 BUZZ - Slip as Alphabet's ad revenue disappoints  urn:newsml:reuters.com:*:nL4N3EL2KB 
    
 ** Guardion Health Sciences  GHSI.O : up 61.2%
 BUZZ - Up on deal to sell subsidiary unit for $17.2 mln  urn:newsml:reuters.com:*:nL4N3EL2KX 
    
 ** Starbucks  SBUX.O : up 0.1%
 BUZZ - Jumps after posting better-than-feared results  urn:newsml:reuters.com:*:nL4N3EL3NU 
    
 ** Tesla Inc  TSLA.O : up 0.2%
 BUZZ - Techs suggest new depths may be fathomed  urn:newsml:reuters.com:*:nL1N3EJ1TR 
    
 ** Microsoft Corp  MSFT.O : down 1.5%
 ** Micron Technology Inc  MU.O : down 0.5%
 ** Marvell Technology Inc  MRVL.O : down 1.2%
 ** Amazon.com Inc  AMZN.O : down 1.3%
 BUZZ - Megacaps, chip stocks take a beating after results from Microsoft,
Alphabet, AMD  urn:newsml:reuters.com:*:nL4N3EL2BO 
    
 ** ZIM Integrated Shipping Services Ltd  ZIM.N : up 2.9%
 ** Eagle Bulk Shipping Inc  EGLE.N : up 0.5%
 BUZZ - Outlook for container cos to improve as freight rates soar - Jefferies
 urn:newsml:reuters.com:*:nL8N3EL2WX 
    
 ** Mondelez International Inc  MDLZ.O : down 1.7%
 BUZZ - Falls as Q4 sales volumes drop in North America  urn:newsml:reuters.com:*:nL4N3EL2WE 
    
 ** Walmart Inc  WMT.N : up 0.4%
 BUZZ - Up after announcing 3-for-1 stock split  urn:newsml:reuters.com:*:nL4N3EL2SC 
    
 ** High Tide Inc  HITI.O : up 1.9%
 BUZZ - Echelon positive on High Tide after Q4 earnings beat  urn:newsml:reuters.com:*:nL4N3EL2YX 
    
 ** Thermo Fisher Scientific Inc  TMO.N : down 3.4%
 ** Danaher Corp  DHR.N : down 1.1%
 ** Agilent Technologies Inc  A.N : down 1.5%
 ** Revvity Inc  RVTY.N : down 1.6%
 BUZZ - Medical equipment makers slide after Thermo Fisher's downbeat 2024
forecasts  urn:newsml:reuters.com:*:nL4N3EL4F1 
    
 ** Baker Hughes Co  BKR.O : down 2%
 ** Schlumberger NV  SLB.N : down 1.2%
 BUZZ - Zephirin lowers PT on oilfield firms as Aramco cuts capacity target
 urn:newsml:reuters.com:*:nL4N3EL2XT 
    
 ** Boston Scientific Corp  BSX.N : up 3.3%
 BUZZ - Rises on FDA approval for heart device, strong annual profit forecast
 urn:newsml:reuters.com:*:nL4N3EL34U 
    
 ** New York Community Bancorp  NYCB.N : down 37.2%
 BUZZ - Swings to Q4 loss, shares slump  urn:newsml:reuters.com:*:nL4N3EL3JB 
    
 ** Roper Technologies  ROP.N : down 3.6%
 BUZZ - Slips on downbeat annual profit forecast  urn:newsml:reuters.com:*:nL4N3EL3A3 
    
 ** Phillips 66  PSX.N : up 1.4%
 BUZZ - Hits all-time high on Q4 profit beat  urn:newsml:reuters.com:*:nL4N3EL4J9 
    
 ** American Superconductor Corp  AMSC.O : down 17.3%
 BUZZ - Slides as stock offering priced  urn:newsml:reuters.com:*:nL1N3EL1QX 
    
 ** Rockwell Automation Inc  ROK.N : down 15.4%
 BUZZ - Down after Q1 results miss  urn:newsml:reuters.com:*:nL4N3EL38X 
    
 ** Automatic Data Processing  ADP.O : up 3.6%
 BUZZ - Rises on Q2 results beat  urn:newsml:reuters.com:*:nL4N3EL3F0 
    
 ** Extreme Networks Inc  EXTR.O : down 16.6%
 BUZZ - Tumbles on dour Q3 forecast  urn:newsml:reuters.com:*:nL4N3EL3DE 
    
 ** Novavax Inc  NVAX.O : up 4.1%
 BUZZ - Up on cutting 12% global workforce  urn:newsml:reuters.com:*:nL4N3EL3GE 
    
 ** Teradyne Inc  TER.O : down 8.0%
 BUZZ - Falls on downbeat revenue forecast for Q1  urn:newsml:reuters.com:*:nL4N3EL3KA 
    
 ** Vaxcyte Inc  PCVX.O : up 4.5%
 BUZZ - Gains after $750 mln equity raise  urn:newsml:reuters.com:*:nL1N3EL1P9
    
 ** Cardinal Health Inc  CAH.N : up 0.8%
 BUZZ - Rises on buying private tech firm for $1.2 bln  urn:newsml:reuters.com:*:nL4N3EL3WN
    
 ** Mastercard Inc  MA.N : up 1.3%
 BUZZ - Rises after Q4 profit beat  urn:newsml:reuters.com:*:nL4N3EG392
    
 ** Plug Power Inc  PLUG.O : up 26.5%
 BUZZ - Rises as Roth upgrades rating on Georgia hydrogen plant optimism
 urn:newsml:reuters.com:*:nL4N3EL40R
      
 ** Biogen Inc  BIIB.O : up 0.6%
 BUZZ - Drops Alzheimer's drug Aduhelm and focuses on Leqembi; shares rise
 urn:newsml:reuters.com:*:nL4N3EL447
    
 ** Stryker Corp  SYK.N : up 8%
 BUZZ - Hits record high on upbeat 2024 forecast, brokerages raise PT
 urn:newsml:reuters.com:*:nL4N3EL340
    
 ** Chevron Corp  CVX.N : down 0.8%
 ** Exxon Mobil Corp  XOM.N : down 1.1%
 ** Marathon Oil Corp  MRO.N : down 1.9% 
 ** Halliburton  HAL.N : down 2.1%
 BUZZ - US energy sector dips as China concerns weigh on crude prices
 urn:newsml:reuters.com:*:nL4N3EL450
    
 ** Citizens Financial Group Inc  CFG.N : down 2.1%
 ** Banc of California Inc  BANC.N : down 3.1%
 ** Comerica Inc  CMA.N : down 2.6%
 ** M&T Bank Corp  MTB.N : down 2.3%
 BUZZ - US regional banks fall after New York Community Bancorp's surprise loss
 urn:newsml:reuters.com:*:nL4N3DZ2A7
    
 ** Brinker International Inc  EAT.N : up 7.7%
 BUZZ - Jumps on FY profit forecast raise  urn:newsml:reuters.com:*:nL4N3EL3WT
 ** Newmont Corp  NEM.N : up 1.9%
 ** Barrick Gold Corp  GOLD.N : up 0.8%
 ** Sibanye Stillwater Ltd  SBSW.N : up 2.4%
 ** Gold Fields Ltd  GFI.N : up 1.6%
 BUZZ - Gold miners rise ahead of Fed decision  urn:newsml:reuters.com:*:nL4N3EL48I
    
 ** Otis Worldwide Corp  OTIS.N : up 0.3%
 BUZZ - Rises on Q4 beat  urn:newsml:reuters.com:*:nL4N3EL44T
    
 ** Cigna Group  CI.N : up 0.7%
 BUZZ - Up on $3.3 bln deal for Medicare business  urn:newsml:reuters.com:*:nL4N3EL49U
    
 ** Honeywell International Inc  HON.O : down 0.9%
 BUZZ - Dips ahead of quarterly results  urn:newsml:reuters.com:*:nL1N3EL2EA
    
 The 11 major S&P 500 sectors:
 
 Communication Services   .SPLRCL   down 3.01%
 Consumer Discretionary   .SPLRCD   down 0.58%
 Consumer Staples         .SPLRCS   down 0.24%
 Energy                   .SPNY     down 1.15%
 Financial                .SPSY     down 0.20%
 Health                   .SPXHC    up 0.47%
 Industrial               .SPLRCI   down 0.28%
 Information Technology   .SPLRCT   down 1.41%
 Materials                .SPLRCM   down 0.34%
 Real Estate              .SPLRCR   up 0.59%
 Utilities                .SPLRCU   up 0.45%
 
 (Compiled by Rajarshi Roy and Annett Mary Manoj)
 ((AnnettMary.Manoj@thomsonreuters.com))