U.S. STOCKS ON THE MOVE-Micron, Tesla, Wabtec, MB Financial, LaSalle
21/05/2018 15:26
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U.S. stocks rallied broadly on Monday after the United States and China put a
potential trade war "on hold" to work on a wider agreement, with sentiment also
getting a boost from the nearly $28 billion worth of U.S. merger deals. .N
At 10:07 ET, the Dow Jones Industrial Average .DJI was up 1.14 percent at
24,996.16. The S&P 500 .SPX was up 0.71 percent at 2,732.11 and the Nasdaq
Composite .IXIC was up 0.84 percent at 7,415.754.
The top three S&P 500 .PG.INX percentage gainers:
** Micron Tech MU.O , up 4.3 pct urn:newsml:reuters.com:*:nL3N1SS475
** Wynn Resorts WYNN.O , up 3.4 pct
** General Electric Co GE.N , up 3.2 pct urn:newsml:reuters.com:*:nL3N1SS3U4
The top three S&P 500 .PL.INX percentage losers:
** Fifth Third Bancorp FITB.O , down 7.4 pct urn:newsml:reuters.com:*:nL3N1SS3WS
** Celgene Corp CELG.O , down 2.7 pct
** Nektar Therapeutics NKTR.O , down 2.6 pct
The top three NYSE .PG.N percentage gainers:
** Ageagle Aerial Systems Inc UAVS.N , up 28.8 pct
** Huami Corp HMI.N , up 14.9 pct
** Vaalco Energy Inc EGY.N , up 12 pct
The top three NYSE .PL.N percentage losers:
** Kosmos Energy KOS.N , down 10.6 pct
** Qudian Inc QD.N , down 9.6 pct urn:newsml:reuters.com:*:nL3N1SS3PH
** US Steel Corp X.N , down 5.2 pct
The top three Nasdaq .PG.O percentage gainers:
** Boxlight Corp BOXL.O , up 18.2 pct urn:newsml:reuters.com:*:nL3N1SS4AE
** MB Financial Inc MBFI.O , up 13.7 pct urn:newsml:reuters.com:*:nL3N1SS3WS
** 21Vianet Group Inc VNET.O , up 13.4 pct
The top three Nasdaq .PL.O percentage losers:
** China Internet Nationwide Financial Services Inc CIFS.O , down 12.2 pct
** Carver Bancorp Inc CARV.O , down 11.7 pct
** Fuwei Films Holdings Co Ltd FFHL.O , down 9.1 pct
** Tesla Inc TSLA.O : up 3.9 pct
BUZZ-Berenberg bullish on Tesla Model 3 gross margin, raises PT urn:newsml:reuters.com:*:nL3N1SS45B
** Caterpillar Inc CAT.N : up 2.1 pct
** Deere & Co DE.N : up 0.9 pct
BUZZ-Caterpillar: JPM sees higher earnings potential in co's Resource
Industries segment urn:newsml:reuters.com:*:nL3N1SS2C8
BUZZ-Caterpillar, Deere rise on U.S.-China trade spat reprieve urn:newsml:reuters.com:*:nL3N1SS43O
** General Electric Co GE.N : up 3.2 pct
** Wabtec Corp WAB.N : up 3.6 pct
UPDATE 2-GE merges transportation unit with Wabtec in $11.1 bln deal
urn:newsml:reuters.com:*:nL3N1SS3V3
BUZZ-GE: Up after deal to merge transportation unit with Wabtec urn:newsml:reuters.com:*:nL3N1SS3U4
** Qudian Inc QD.N : down 9.6 pct
BUZZ-Qudian: Slips on first ever profit miss since IPO urn:newsml:reuters.com:*:nL3N1SS3PH
** MB Financial Inc MBFI.O : up 13.7 pct
** Fifth Third Bancorp FITB.O : down 7.4 pct
BUZZ-MB Financial: Set for record high after Fifth Third deal urn:newsml:reuters.com:*:nL3N1SS3WS
UPDATE 2-Fifth Third Bancorp pays $4.7 bln for MB Financial's Chicago muscle
urn:newsml:reuters.com:*:nL3N1SS3PV
** Avenue Therapeutics ATXI.O : down 7.8 pct
BUZZ-Avenue Therapeutics: Surges as painkiller succeeds in late-stage trial
urn:newsml:reuters.com:*:nL3N1SS3WC
** Fibrocell Science Inc FCSC.O : up 2.5 pct
BUZZ-Fibrocell Science: Soars on positive interim results from early-stage
study urn:newsml:reuters.com:*:nL3N1SS3WO
** LaSalle Hotel Properties LHO.N : up 5.6 pct
** Blackstone Group LP BX.N : up 0.3 pct
UPDATE 1-Blackstone to buy LaSalle Hotel for $3.7 bln urn:newsml:reuters.com:*:nL3N1SS40P
BUZZ-Merger Monday: U.S. M&A activity hits $28 bln urn:newsml:reuters.com:*:nL3N1SS472
** Valeritas Holdings Inc VLRX.O : down 1.9 pct
BUZZ-Valeritas: Jumps on distribution deal urn:newsml:reuters.com:*:nL3N1SS40B
** Envision Healthcare Corp EVHC.N : up 2.7 pct
BUZZ-Envision Healthcare climbs on report that HCA, KKR team up for a bid
urn:newsml:reuters.com:*:nL3N1SS3ZZ
** Snap Inc SNAP.N : up 3.1 pct
BUZZ-Snap Inc: Moffett Nathanson upgrades to "neutral" urn:newsml:reuters.com:*:nL3N1SS3VV
** Sears Holding Corp SHLD.O : up 2.4 pct
BUZZ-Sears up on extension of Citi credit card partnership urn:newsml:reuters.com:*:nL3N1SS46Q
** Intel Corp INTC.O : up 2.6 pct
** Advanced Micro Devices Inc AMD.O : up 0.8 pct
** Applied Materials Inc AMAT.O : up 2.4 pct
** Micron Technology MU.O : up 4.3 pct
BUZZ-Chip stocks gain as U.S.-China trade war put 'on hold' urn:newsml:reuters.com:*:nL3N1SS475
** LexinFintech Holdings Ltd LX.O : down 3.2 pct
BUZZ-LexinFintech: Slips on first profit miss since U.S. debut urn:newsml:reuters.com:*:nL3N1SS49S
** Boxlight Corp BOXL.O : up 18.2 pct
BUZZ-Boxlight: Soars after touchscreen deal urn:newsml:reuters.com:*:nL3N1SS4AE
** Southern Co SO.N : up 1.7 pct
BUZZ-Southern Co: Sells some assets to NextEra, shares rise urn:newsml:reuters.com:*:nL3N1SS4BA
The 11 major S&P 500 sectors:
Consumer Discretionary .SPLRCD up 0.48 pct
Consumer Staples .SPLRCS up 0.57 pct
Energy .SPNY up 0.09 pct
Financial .SPSY up 0.72 pct
Health .SPXHC up 0.32 pct
Industrial .SPLRCI up 1.24 pct
Information Technology .SPLRCT up 1.17 pct
Materials .SPLRCM up 0.24 pct
Real Estate .SPLRCR down 0.09 pct
Teleservices .SPLRCL up 0.57 pct
Utilities .SPLRCU up 0.29 pct
(Compiled by Arjun Panchadar in Bengaluru; Editing by Sriraj Kalluvila)
((RM: Arjun.Panchadar.thomsonreuters.com@reuters.net))