U.S. STOCKS ON THE MOVE-Copper miners, Visa, Bluebird bio

Liberty Broadband

24/09/2024 17:52

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Wall Street's main indexes inched higher on Tuesday, with mining stocks in the
lead after China unveiled a sweeping stimulus package, while concerns of a
weaker economy and uncertainty over the Federal Reserve's next policy move
limited gains.  .N 
    
    At 11:53 ET, the Dow Jones Industrial Average  .DJI  was up 0.1% to
42,170.12. The S&P 500  .SPX  was up 0.22% at 5,730.99 and the Nasdaq Composite
 .IXIC  was up 0.18% at 18,006.978.
 
 The top three S&P 500  .PG.INX  percentage gainers:
 ** Freeport-McMoRan Inc  FCX.N , up 6.9 %
 ** Las Vegas Sands Corp  LVS.N , up 5.6 %
 ** Estee Lauder Companies Inc  EL.N , up 4.1 %
 
 The top three S&P 500  .PL.INX  percentage losers:
 ** McKesson Corporation  MCK.N , down 4.3 %
 ** Regeneron Pharmaceuticals  REGN.OQ , down 4 %
 ** Visa Inc  V.N , down 3.9 %
 
 The top two NYSE  .PG.N  percentage gainers:
 ** Xinyuan Real Estate Co  XIN.N , up 22.5 %
 ** AMTD Digital Inc  HKD.N , up 17.5 %
 
 The top two NYSE  .PL.N  percentage losers:
 ** MultiPlan Corporation  MPLN.N , down 25.5 %
 ** Flyexclusive Inc  FLYX.N , down 10.2 %
 
 The top three Nasdaq  .PG.O  percentage gainers:
 ** Banzai International, Inc  BNZI.O , up 98.6 %
 ** Wave Life Sciences Ltd  WVE.O , up 50.6 %
 ** Generations Bancorp NY, Inc  GBNY.O , up 42.8 %
 
 The top three Nasdaq  .PL.O  percentage losers:
 ** ReShape Lifesciences Inc  RSLS.O , down 19.6 %
 ** Ontrak, Inc  OTRK.O , down 19.4 %
 ** Light & Wonder, Inc  LNW.O , down 19 %
 
 
 ** Alibaba Group Holding BABA.N : up 6.7%
 ** JD.com Inc  JD.O : up 10.9%
 ** PDD Holdings Inc  PDD.O : up 9.6%
 ** Bilibili Inc  BILI.O : up 12.8%
 BUZZ - China ADRs jump on fresh China stimulus measures  urn:newsml:reuters.com:*:nL4N3L60TL 
    
 ** Visa Inc  V.N : down 3.9%
 BUZZ - Falls on report DOJ to file lawsuit over illegal debit card monopoly
 urn:newsml:reuters.com:*:nL4N3L60US 
    
 ** Occidental Petroleum Corp  OXY.N : up 0.5%
 BUZZ - Energy firms rise on China stimulus, Middle East conflict and hurricane
risk  urn:newsml:reuters.com:*:nL4N3L60XB 
 ** Rio Tinto PLC  RIO.N : up 4.5%
 ** BHP Group Ltd  BHP.N : up 4.7%
 ** Southern Copper Corp  SCCO.N : up 6.4%
 ** Freeport-McMoRan Inc  FCX.N : up 6.9%
 BUZZ - Copper miners rise as red metal hits near 10-week high on China stimulus
measures  urn:newsml:reuters.com:*:nL4N3L61B8 
    
 ** Regeneron Pharmaceuticals Inc  REGN.O : down 4.0%
 BUZZ - Falls after Leerink Partners downgrades to 'market perform', cuts PT
 urn:newsml:reuters.com:*:nL4N3L61FK 
 ** Newmont Corp  NEM.N : up 1.7%
 ** Barrick Gold Corp  GOLD.N : up 0.8%
 ** Harmony Gold Mining Co Ltd  HMY.N : up 1.2%
 BUZZ - Gold miners rise on US Fed rate cut momentum and Middle East risks
 urn:newsml:reuters.com:*:nL4N3L60Z4 
       
 ** Salesforce Inc  CRM.N : up 2.1%
 BUZZ - Rises after Piper Sandler upgrades to 'overweight'  urn:newsml:reuters.com:*:nL4N3L019V 
   
 ** Hawaiian Electric Industries Inc  HE.N : down 8.5%
 BUZZ - Slides on $500 mln stock offering for Maui wildfire settlement
 urn:newsml:reuters.com:*:nL1N3L60CY 
    
 ** Walmart Inc  WMT.N : up 0.4%
 BUZZ - Up as Truist Securities upgrades to 'buy', raises PT  urn:newsml:reuters.com:*:nL4N3L610V 
    
 ** Bluebird bio Inc  BLUE.O : up 4.9%
 BUZZ - Rises after cutting 25% workforce to reduce costs  urn:newsml:reuters.com:*:nL4N3L619H 
    
 ** Home Depot Inc  HD.N : up 1.1%
 ** Lowe's Companies Inc  LOW.N : up 0.6%
 BUZZ - Oppenheimer sees clearer skies for Home Depot and Lowe's after interest
rate cut  urn:newsml:reuters.com:*:nL4N3L60Y3 
    
 ** Starbucks Corp  SBUX.O : down 0.3%
 BUZZ - Dips as Jefferies turns bearish  urn:newsml:reuters.com:*:nL1N3L60ED 
    
 **  Snap Inc  SNAP.N : up 3.6%
 BUZZ - Rises after adding Google's GenAI model into chatbot  urn:newsml:reuters.com:*:nL4N3L6127 
    
 ** Piedmont Lithium Inc  PLL.O : up 8.6%
 ** Arcadium Lithium PLC  ALTM.N : up 4.0%
 ** Albemarle Corp  ALB.N : up 3.1%
 ** Sociedad Quimica y Minera de Chile S.A.  SQM.N : up 4.4%
 BUZZ - Lithium miners rise on China stimulus measures  urn:newsml:reuters.com:*:nL4N3L612F 
    
 ** Wynn Resorts Ltd  WYNN.O : up 3.8%
 ** Las Vegas Sands Corp  LVS.N : up 5.6%
 ** Melco Resorts & Entertainment Ltd  MLCO.O : up 5.0%
 ** MGM Resorts International  MGM.N : up 0.7%
 BUZZ - Casino operators rise on China's stimulus plans  urn:newsml:reuters.com:*:nL4N3L6122 
    
 ** Generations Bancorp NY Inc  GBNY.O : up 42.8%
 BUZZ - Soars on buyout deal with ESL Federal Credit Union  urn:newsml:reuters.com:*:nL4N3L50YG 
    
 ** Seelos Therapeutics Inc  SEEL.O : up 102.2%
 BUZZ - Surges on deal with U.S. Army to develop PTSD drug  urn:newsml:reuters.com:*:nL4N3L61G6 
    
 ** AutoZone Inc  AZO.N : down 1.9%
 BUZZ - Falls after Q4 results miss estimates  urn:newsml:reuters.com:*:nL4N3L6157 
    
 ** Liberty Broadband Corp  LBRDA.O : up 27.1%
 BUZZ - Rises on counter-offer to merge with Charter Communications  urn:newsml:reuters.com:*:nL4N3L61B6
 
 ** CNH Industrial NV  CNH.N : up 4.5%
 BUZZ - Rises; Raymond James upgrades to 'outperform'  urn:newsml:reuters.com:*:nL4N3L6164 
    
 ** Wave Life Sciences Ltd  WVE.O : up 50.6%
 BUZZ - Surges on interim data from muscular disorder drug  urn:newsml:reuters.com:*:nL4N3L61DW 
 
 ** Light & Wonder Inc  LNW.O : down 19.0%
 BUZZ - Falls after legal blow  urn:newsml:reuters.com:*:nL4N3L614Y 
    
 ** Hut 8 Mining Corp  HUT.O : up 2.2%
 BUZZ - Crypto stocks up as bitcoin gains  urn:newsml:reuters.com:*:nL4N3L6174 
 
 ** Hecla Mining Co  HL.N : up 4.6%
 ** Coeur Mining Inc  CDE.N : up 6.0%
 ** Silvercorp Metals Inc  SVM.N : up 6.3% 
 BUZZ - Silver miners rise on US rate-cut momentum  urn:newsml:reuters.com:*:nL4N3L61DD 
    
 ** Ryan Specialty Holdings Inc  RYAN.N : up 5.9%
 BUZZ - Rises after BMO upgrades to 'outperform'  urn:newsml:reuters.com:*:nL4N3L50XA 
 
 ** Invitation Homes Inc  INVH.N : down 2.5%
 BUZZ - Falls after BofA lowers rating, cuts PT  urn:newsml:reuters.com:*:nL4N3L61AD 
          
 ** Customers Bancorp Inc  CUBI.N : down 3.6%
 BUZZ - Falls after Wedbush downgrades to 'neutral'  urn:newsml:reuters.com:*:nL4N3L114R 
    
 ** InvenTrust Properties Corp  IVT.N : down 2.5%
 BUZZ - Falls after $224 mln equity offering  urn:newsml:reuters.com:*:nL1N3L60MD 
    
 ** Triumph Group Inc  TGI.N : down 5.3%
 BUZZ - Dips after BofA cuts rating on production uncertainty  urn:newsml:reuters.com:*:nL4N3L61CO 

 ** Costco Wholesale Corp  COST.O : down 1.5%
 BUZZ - Dips after Truist Securities cuts to 'hold'  urn:newsml:reuters.com:*:nL4N3L61D8 
    
 ** Corbus Pharmaceuticals Holdings Inc  CRBP.O : down 1.7%
 BUZZ - Falls after Mizuho cuts PT on weakness in obesity, cancer drug
candidates  urn:newsml:reuters.com:*:nL4N3L61DI 
    
 ** Village Bank and Trust Financial Corp  VBFC.O : up 39.8%
 BUZZ - Hits 14-year high after $120 mln deal with TowneBank  urn:newsml:reuters.com:*:nL4N3L61F2 
    
 ** 3M Co  MMM.N : up 1.3%
 BUZZ - Jefferies sees improved demand for 3M in 2026 on further rate cuts
 urn:newsml:reuters.com:*:nL4N3L61E4 
    
 ** First Citizens BancShares Inc  FCNCA.O : down 1.1%
 BUZZ - Dips after Wedbush downgrades to 'neutral'  urn:newsml:reuters.com:*:nL4N3L61FL 
    
 ** Essex Property Trust Inc  ESS.N : down 2.8%
 BUZZ - Falls after BofA downgrades stock to "Neutral"  urn:newsml:reuters.com:*:nL4N3L61HK 
    
 ** Snowflake Inc  SNOW.N : down 0.6%
 BUZZ - Falls after announcing offerings of $2 bln convertible bonds
 urn:newsml:reuters.com:*:nL1N3L60QA 
    
 The 11 major S&P 500 sectors:
 
 Communication Services   .SPLRCL   up 0.48%
 Consumer Discretionary   .SPLRCD   up 0.17%
 Consumer Staples         .SPLRCS   down 0.33%
 Energy                   .SPNY     down 0.21%
 Financial                .SPSY     down 0.87%
 Health                   .SPXHC    down 0.23%
 Industrial               .SPLRCI   up 0.41%
 Information Technology   .SPLRCT   up 0.87%
 Materials                .SPLRCM   up 1.11%
 Real Estate              .SPLRCR   down 0.21%
 Utilities                .SPLRCU   down 0.16%
 
 (Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))