U.S. STOCKS ON THE MOVE-BeiGene, Avient, Reata

Reata Pharmaceuticals

14/10/2022 19:16

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U.S. stocks tumbled on Friday as the earnings season kicked off with a drop in
profit for big banks, while worsening inflation expectations added to fears of
the Federal Reserve's aggressive rate-hiking cycle tipping the economy into a
recession.  .N 
    At 13:50 p.m. ET, the Dow Jones Industrial Average  .DJI  was down 0.92% at
29,762.37. The S&P 500  .SPX  was down 1.74% at 3,606.22 and the Nasdaq
Composite  .IXIC  was down 2.22% at 10,412.868.
 
 The top three S&P 500  .PG.INX  percentage gainers:
 ** U.S. Bancorp  USB.N , up 3.5%
 ** Wells Fargo & Company  WFC.N , up 3.1%
 ** Delta Air Lines Inc  DAL.N , up 2.8%
 
 The top three S&P 500  .PL.INX  percentage losers:
 ** First Republic Bank  FRC.N , down 14.9%
 ** The Mosaic Company  MOS.N , down 8.6%
 ** CF Industries Holdings Inc  CF.N , down 7.6%
 
 The top NYSE  .PG.N  percentage gainers:
 ** Gravitas Education Holdings Inc  GEHI.N , up 36.7%
 ** Zymeworks Inc  ZYME.N , up 14.3%
 
 The top three NYSE  .PL.N  percentage losers:
 ** First Republic Bank  FRC.N , down 14.9%
 ** Angel Oak Mortgage Inc  AOMR.N , down 14.4%
 ** Bank of Montreal  GDXU.N , down 11.8%
 
 The top three Nasdaq  .PG.O  percentage gainers:
 ** Avenue Therapeutics Inc  ATXI.O , up 39.7%
 ** Imara Inc  IMRA.O , up 36%
 ** Nutanix Inc  NTNX.O , up 23.4%
 
 The top three Nasdaq  .PL.O  percentage losers:
 ** Zhong Yang Financial Group Ltd  TOP.O , down 31.8%
 ** Rani Therapeutics Holdings Inc  RANI.O , down 16%
 ** ACM Research Inc  ACMR.O , down 14.1%
    
 ** Nutanix Inc  NTNX.O : up 18.2% premarket
BUZZ - Surges on report co is exploring sale after takeover interest
 urn:newsml:reuters.com:*:nL4N31F1Y0 
    
 ** Beyond Meat Inc  BYND.O : down 1.6% premarket
BUZZ - Falls after cutting annual revenue forecast  urn:newsml:reuters.com:*:nL4N31F22B 
    
 ** Relmada Therapeutics Inc  RLMD.O : down 3.2% premarket
BUZZ - Jefferies downgrades Relmada Therapeutics after depression drug fails
study  urn:newsml:reuters.com:*:nL4N30X3EG 
    
 ** Rocket Lab USA Inc  RKLB.O : up 3.4% premarket
BUZZ - Gains on contract to supply solar panel to NASA  urn:newsml:reuters.com:*:nL4N31F2MR   
    
 ** Exxon Mobil Corp  XOM.N : down 1.9%
 ** Chevron Corp  CVX.N : down 2.4%
 ** Ovintiv Inc  OVV.N : down 4.4%
BUZZ - Energy firms down as oil prices drop on recession worries  urn:newsml:reuters.com:*:nL4N31F2MU
 ** Plug Power Inc  PLUG.O : down 5.1%
BUZZ - Anticipates lower FY22 revenue; shares drop  urn:newsml:reuters.com:*:nL4N31F2QH
 ** Delta Air Lines Inc  DAL.N : up 2.8%
 BUZZ - Ascends after Cowen upgrades on travel recovery  urn:newsml:reuters.com:*:nL1N31F0Z2
 ** Nuwellis Inc  NUWE.O : down 14.1%
BUZZ - Crashes on pricing of public offering  urn:newsml:reuters.com:*:nL4N31F2PG
 ** United Airlines Holdings Inc  UAL.O : up 0.9%  
 ** American Airlines Group Inc  AAL.O : up 1.1%
 ** Southwest Airlines Co  LUV.N : up 0.7%
BUZZ - Airline stocks take off as Delta leads  urn:newsml:reuters.com:*:nL1N31F16X
** Norfolk Southern Corp  NSC.N : down 0.6%
BUZZ - BofA cuts PT, lowers Q3 estimate for Norfolk, CSX as costs rise
 urn:newsml:reuters.com:*:nL4N31F2UT
** Enzo Biochem Inc  ENZ.N : down 2.8%
BUZZ - Falls after Q4 loss, drop in revenue  urn:newsml:reuters.com:*:nL4N31F2WE
** BeiGene Ltd  BGNE.O : up 4.3%
BUZZ - Up as European health regulators recommend blood cancer drug  urn:newsml:reuters.com:*:nL4N31F2Y7
 ** VectivBio Holding AG  VECT.O : down 2.6%
BUZZ - Slips on discounted stock offering  urn:newsml:reuters.com:*:nL4N3113SN
 ** Coeur Mining Inc  CDE.N : down 8.8%
 ** iShares Silver Trust  SLV.N : down 3.4%
 ** Aberdeen Standard Physical Silver  SIVR.N : down 3.4%
BUZZ-Silver miners dip on stronger U.S. dollar, possible rate hikes  urn:newsml:reuters.com:*:nL4N31F2YL
 ** Newmont Corp  NEM.N : down 1.7%    
 ** Barrick Gold Corp  GOLD.N : down 3.0%
 ** Sibanye Stillwater Ltd  SBSW.N : down 4.2%
 ** Gold Fields Ltd  GFI.N : down 5.5%
BUZZ - Gold miners tumble as strong dollar pulls down gold prices  urn:newsml:reuters.com:*:nL4N31F2YO
 ** Avient Corp  AVNT.N : up 1.5%
BUZZ - Climbs after raising dividend  urn:newsml:reuters.com:*:nL4N31F2ZO
 ** Abbott Laboratories  ABT.N : down 1.0%
BUZZ - Falls on recalling some ready-to-feed baby formula  urn:newsml:reuters.com:*:nL4N31F32M
 ** Reata Pharmaceuticals Inc  RETA.O : up 16.6%
BUZZ - Says no plans for FDA advisers' meeting on rare disease drug, shares up
 urn:newsml:reuters.com:*:nL4N31F30D
** CF Industries Holdings Inc  CF.N : down 7.6%
** Nutrien Ltd   NTR.N : down 8.4%
BUZZ - Stronger fertilizer pull needed to prevent global crop shortage
 urn:newsml:reuters.com:*:nL4N31F33N
    
 The 11 major S&P 500 sectors:
 
 Communication Services   .SPLRCL               down 1.10%
                                    
 Consumer Discretionary   .SPLRCD               down 2.86%
                                    
 Consumer Staples         .SPLRCS               down 1.29%
                                    
 Energy                   .SPNY                 down 2.96%
                                    
 Financial                .SPSY                 down 1.13%
                                    
 Health                   .SPXHC                down 0.62%
                                    
 Industrial               .SPLRCI               down 1.89%
                                    
 Information Technology   .SPLRCT               down 2.11%
                                    
 Materials                .SPLRCM               down 2.83%
                                    
 Real Estate              .SPLRCR               down 1.84%
                                    
 Utilities                .SPLRCU               down 1.28%
                                    
 (Compiled by Rajarshi Roy and Pratik Jain in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))