U.S. STOCKS ON THE MOVE-Boeing, Mondelez International, Novavax

Extreme Networks

31/01/2024 16:18

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The tech-heavy Nasdaq tumbled to more than a week low on Wednesday, as
Alphabet's projections for rising AI costs dented most megacap and chip stocks
ahead of a crucial U.S. policy decision expected later in the day.  .N 
    
    At 10:37 ET, the Dow Jones Industrial Average  .DJI  was up 0.02% at
38,474.08. The S&P 500  .SPX  was down 0.90% at 4,880.5 and the Nasdaq Composite
 .IXIC  was down 1.63% at 15,257.482.
 
 The top three S&P 500  .PG.INX  percentage gainers:
 ** Paramount Global  PARA.N , up 10.4%
 ** Edwards Lifesciences  EW.N , up 6.5%
 ** Stryker  SYK.N , up 6.1%
 
 The top three S&P 500  .PL.INX  percentage losers:
 ** Rockwell Automation  ROK.N , down 14.5%
 ** Teradyne  TER.N , down 9.4%
 ** Marketaxess  MKTX.N , down 7.2%
 
 The top three NYSE  .PG.N  percentage gainers:
 ** Ashland  ASH.N , up 13.9%
 ** LendingClub  LC.N , up 11.4%
 ** Nomura  NMR.N , up 11.3%
 
 The top two NYSE  .PL.N  percentage losers:
 ** Oragenics  OGEN.N , down 45.5%
 ** New York Community Bancorp  NYCB.N , down 33%
 
 The top three Nasdaq  .PG.O  percentage gainers:
 ** Guardion Health Sciences  GHSI.O , up 79.8%
 ** Minim  MINM.O , up 77.1%
 ** Powell Industries  POWL.O , up 49.5%
 
 The top three Nasdaq  .PL.O  percentage losers:
 ** Rail Vision   RVSN.O , down 25.4%
 ** Evaxion Btch Drc  EVAX.O , down 25%
 ** Gri Bio  GRI.O , down 25%
 
 
 ** Paramount Global  PARA.O : up 10.4%
 BUZZ - Jumps on Byron Allen's $30 bln offer, including debt  urn:newsml:reuters.com:*:nL4N3EL2FB 
    
 ** Boeing Co  BA.N : up 3.3%
 BUZZ - Rises on better-than-expected Q4 results  urn:newsml:reuters.com:*:nL4N3EL3CB 
    
 ** Advanced Micro Devices  AMD.O : down 4.5%
 ** Nvidia Corp  NVDA.O : down 3.0%
 ** Qualcomm Inc  QCOM.O : down 0.5%
 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 1.8%
 ** Snap Inc  SNAP.N : down 2.4%
 BUZZ - Slip as Alphabet's ad revenue disappoints  urn:newsml:reuters.com:*:nL4N3EL2KB 
    
 ** Guardion Health Sciences Inc  GHSI.O : up 79.8%
 BUZZ - Up on deal to sell subsidiary unit for $17.2 mln  urn:newsml:reuters.com:*:nL4N3EL2KX 
    
 ** Starbucks Corp  SBUX.O : up 0.6%
 BUZZ - Jumps after posting better-than-feared results  urn:newsml:reuters.com:*:nL4N3EL3NU 
    
 ** Tesla Inc  TSLA.O : down 1.4%
 BUZZ - Falls as Musk's $56 billion pay package voided  urn:newsml:reuters.com:*:nL4N3E22DX 
    
 ** Microsoft Corp  MSFT.O : down 1.4%
 ** Micron Technology Inc  MU.O : down 1%
 ** Marvell Technology Inc  MRVL.O : down 2.1%
 ** Amazon.com Inc  AMZN.O : down 1.6%
 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 2.5%
 ** Eagle Bulk Shipping Inc  EGLE.N : up 0.1%
 BUZZ - Outlook for container cos to improve as freight rates soar - Jefferies
 urn:newsml:reuters.com:*:nL8N3EL2WX 
    
 ** Mondelez International Inc  MDLZ.O : down 1.3%
 BUZZ - Falls as Q4 sales volumes drop in North America  urn:newsml:reuters.com:*:nL4N3EL2WE 
    
 ** Walmart Inc  WMT.N : up 0.3%
 BUZZ - Up after announcing 3-for-1 stock split  urn:newsml:reuters.com:*:nL4N3EL2SC 
    
 ** Thermo Fisher Scientific  TMO.N : down 3.4%
 BUZZ - Forecasts 2024 profit below estimates, stock falls  urn:newsml:reuters.com:*:nL4N3EL314 
    
 ** Baker Hughes  BKR.O : down 1.9%
 ** Schlumberger  SLB.N : down 1.8%
 BUZZ - Zephirin lowers PT on oilfield firms as Aramco cuts capacity target
 urn:newsml:reuters.com:*:nL4N3EL2XT 
    
 ** Boston Scientific Corp  BSX.N : up 2.2%
 BUZZ - Rises on FDA approval for heart device, strong annual profit forecast
 urn:newsml:reuters.com:*:nL4N3EL34U 
    
 ** New York Community Bancorp  NYCB.N : down 33%
 BUZZ - Swings to Q4 loss, shares slump  urn:newsml:reuters.com:*:nL4N3EL3JB 
    
 ** Roper Technologies  ROP.N : down 2.7%
 BUZZ - Slips on downbeat annual profit forecast  urn:newsml:reuters.com:*:nL4N3EL3A3 
    
 ** Phillips 66  PSX.N : up 1%
 BUZZ - Up on beating quarterly profit estimates  urn:newsml:reuters.com:*:nL4N3EL41M 
    
 ** American Superconductor Corp  AMSC.O : down 18.1%
 BUZZ - Slides as stock offering priced  urn:newsml:reuters.com:*:nL1N3EL1QX 
    
 ** Rockwell Automation Inc  ROK.N : down 14.5%
 BUZZ - Down after Q1 results miss  urn:newsml:reuters.com:*:nL4N3EL38X 
    
 ** Automatic Data Processing Inc  ADP.O : up 3.9%
 BUZZ - Rises on Q2 results beat  urn:newsml:reuters.com:*:nL4N3EL3F0 
    
 ** Extreme Networks Inc  EXTR.O : down 17.5%
 BUZZ - Tumbles on dour Q3 forecast  urn:newsml:reuters.com:*:nL4N3EL3DE 
    
 ** Novavax Inc  NVAX.O : up 0.7%
 BUZZ - Up on cutting 12% global workforce  urn:newsml:reuters.com:*:nL4N3EL3GE 
    
 ** Teradyne Inc  TER.O : down 9.4%
 BUZZ - Falls on downbeat revenue forecast for Q1  urn:newsml:reuters.com:*:nL4N3EL3KA 
    
 ** Vaxcyte Inc  PCVX.O : up 4.8%
 BUZZ - Gains after $750 mln equity raise  urn:newsml:reuters.com:*:nL1N3EL1P9
    
 ** Match Group Inc  MTCH.O : down 0.6%
 BUZZ - Falls on weak Q1 revenue forecast  urn:newsml:reuters.com:*:nL4N3EL3Q4
    
 ** Cardinal Health Inc  CAH.N : up 1.9%
 BUZZ - Rises on buying private tech firm for $1.2 bln  urn:newsml:reuters.com:*:nL4N3EL3WN
    
 ** Mastercard Inc  MA.N : up 1.1%
 BUZZ - Rises after Q4 profit beat  urn:newsml:reuters.com:*:nL4N3EG392
    
 ** Plug Power Inc  PLUG.O : up 18.2%
 BUZZ - Rises as Roth upgrades rating on Georgia hydrogen plant optimism
 urn:newsml:reuters.com:*:nL4N3EL40R
   
    
 The 11 major S&P 500 sectors:
 
 Communication Services   .SPLRCL   down 3.14%
 Consumer Discretionary   .SPLRCD   down 0.73%
 Consumer Staples         .SPLRCS   up 0.06%
 Energy                   .SPNY     down 0.74%
 Financial                .SPSY     up 0.04%
 Health                   .SPXHC    up 0.38%
 Industrial               .SPLRCI   down 0.46%
 Information Technology   .SPLRCT   down 1.94%
 Materials                .SPLRCM   up 0.04%
 Real Estate              .SPLRCR   up 0.92%
 Utilities                .SPLRCU   up 1.00%
 
 (Compiled by Rajarshi Roy and Annett Mary Manoj)
 ((AnnettMary.Manoj@thomsonreuters.com))