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U.S. stocks dropped on Wednesday as turbulence at Credit Suisse revived fears of
a banking crisis, eclipsing bets of a smaller interest rate hike in March
following weak economic data. .N
At 13:38 ET, the Dow Jones Industrial Average .DJI was down 1.60% at
31,640.04. The S&P 500 .SPX was down 1.44% at 3,862.98 and the Nasdaq
Composite .IXIC was down 0.80% at 11,336.964.
The top three S&P 500 .PG.INX percentage gainers:
** Charles Schwab Corp SCHW.N , up 4.4 %
** Netflix Inc NFLX.OQ , up 2.7 %
** Xcel Energy Inc XEL.OQ , up 2.3 %
The top three S&P 500 .PL.INX percentage losers:
** First Republic Bank FRC.N , down 19.6 %
** Steel Dynamics Inc STLD.OQ , down 11.7 %
** Halliburton Co HAL.N , down 9.8 %
The top NYSE .PL.N percentage loser:
** First Republic Bank FRC_pl.N , down 22.3 %
The top three Nasdaq .PG.O percentage gainers:
** ThermoGenesis Holdings Inc THMO.O , up 81 %
** Moolec Science SA MLEC.O , up 68 %
** Elevation Oncology Inc ELEV.O , up 39.2 %
The top three Nasdaq .PL.O percentage losers:
** CXApp Inc CXAI.O , down 56.7 %
** American Public Education Inc APEI.O , down 48.1 %
** Luna Innovations LUNA.O , down 32 %
** Traeger Inc COOK.N : down 18.8%
BUZZ - Piper cuts Traeger to 'neutral' saying fundamentals remain challenged
urn:newsml:reuters.com:*:nL4N35N2AK
** Charles Schwab Corp SCHW.N : up 4.4%
BUZZ - Up as CEO assures co has liquidity, not seeking capital or deals
urn:newsml:reuters.com:*:nL4N35N2IJ
** SentinelOne Inc S.N : up 10.0%
BUZZ - Up after Q4 revenue beats estimates urn:newsml:reuters.com:*:nL4N35N2LI
** Credit Suisse Group AG CS.N : down 19.1%
BUZZ - U.S. shares of Credit Suisse drop after top investor rules out more
support urn:newsml:reuters.com:*:nL4N35N2PX
** PacWest Bancorp PACW.O : down 17.9%
** KeyCorp KEY.N : down 5.9%
BUZZ - Some U.S regional banks resume slide after short-lived bounce
urn:newsml:reuters.com:*:nL4N35N2UA
** Boeing Co BA.N : down 5.8%
BUZZ - Down, deliveries fall in February urn:newsml:reuters.com:*:nL4N35N3NC
** Alcoa Corp AA.N : down 11.0%
BUZZ - Plunges after Australia smelter output cut urn:newsml:reuters.com:*:nL4N35N3O1
** Reunion Neuroscience Inc REUN.O : down 5.0%
BUZZ - Stifel GMP sees significant uncertainty for Reunion Neuroscience over
lawsuit urn:newsml:reuters.com:*:nL4N35N2Y4
** Chevron Corp CVX.N : down 4.8%
** Exxon Mobil Corp XOM.N : down 5.5%
** ConocoPhillips COP.N : down 6.3%
** Occidental Petroleum Corp OXY.N : down 6.0%
BUZZ - Energy sector falls on global bank stock rout urn:newsml:reuters.com:*:nL4N35N3IW
** JPMorgan Chase & Co JPM.N : down 4.9%
** Bank of America Corp BAC.N : down 2.0%
** Morgan Stanley MS.N : down 6.3%
** Goldman Sachs Group Inc GS.N : down 4.6%
BUZZ - Major US banks drop as fears of banking crisis worsen urn:newsml:reuters.com:*:nL4N35N3HQ
** Oatly Group AB OTLY.O : up 6.6%
BUZZ - Rises on strong annual revenue growth forecast urn:newsml:reuters.com:*:nL4N35N3MY
** Decibel Therapeutics Inc DBTX.O : down 14.2%
BUZZ - SVB Securities downgrades Decibel Therapeutics over cash concerns
urn:newsml:reuters.com:*:nL4N35N3ST
** Roivant Sciences Ltd ROIV.O : up 6.7%
BUZZ - Up as skin cream meets main goal in late-stage study urn:newsml:reuters.com:*:nL4N35N34M
** Veru Inc VERU.O : down 11.4%
BUZZ - Oppenheimer cuts PT on Veru on cash balance concerns urn:newsml:reuters.com:*:nL4N35N310
** Boxed Inc BOXD.N : down 47.5%
BUZZ - Plunges 40% after co says may file for bankruptcy urn:newsml:reuters.com:*:nL1N35N11N
** BHP Group Ltd BHP.N : down 5.4%
** Rio Tinto PLC RIO.N : down 5.6%
** Hudbay Minerals Inc HBM.N : down 6.7%
** Southern Copper Corp SCCO.N : down 7.4%
BUZZ - Copper miners slide on strong dollar, banking woes urn:newsml:reuters.com:*:nL4N35N3JS
** AngloGold Ashanti Ltd AU.N : up 1.3%
** Newmont Corp NEM.N : up 2.3%
** Gold Fields Ltd GFI.N : up 1.2%
BUZZ - Gold miners up as Credit Suisse reignites banking woes, driving
safe-haven flows urn:newsml:reuters.com:*:nL4N35N37R
** Ebix Inc EBIX.O : down 15.0%
BUZZ- Shares fall on Q4 profit miss urn:newsml:reuters.com:*:nL4N35N38V
** Ormat Technologies Inc ORA.N : down 7.8%
BUZZ - Slides on pricing stock offering urn:newsml:reuters.com:*:nL1N35N180
** Smartsheet Inc SMAR.N : up 16.9%
BUZZ - Jumps after PT hikes on rosy 2024 margin outlook urn:newsml:reuters.com:*:nL4N35N3E3
** LoanDepot Inc LDI.N : up 1.2%
BUZZ - Rises after unit transfers $225 mln from Signature Bridge Bank
urn:newsml:reuters.com:*:nL4N35N3AQ
** Roblox Corp RBLX.N : down 3.7%
BUZZ - Down after user metrics drop urn:newsml:reuters.com:*:nL4N35N3C0
** Canadian Pacific Railway Ltd CP.N : up 5.8%
BUZZ - Up after U.S. nod for deal to buy Kansas City Southern urn:newsml:reuters.com:*:nL4N35N3GA
** Freshpet Inc FRPT.O : down 2.7%
BUZZ - Tumbles as Jana slams co's planned capital raise urn:newsml:reuters.com:*:nL1N35N1J9
** Jounce Therapeutics Inc JNCE.O : up 38.2%
BUZZ - Surges on buyout bid urn:newsml:reuters.com:*:nL4N35N3JI
** CIRCOR International Inc CIR.N : up 1.8%
BUZZ - Gains on Q4 profit, higher revenue urn:newsml:reuters.com:*:nL4N35N3L7
** Charles River Laboratories International Inc CRL.N : down 6.6%
** ICON Plc ICLR.O : down 5.0%
** IQVIA Holdings Inc IQV.N : down 4.2%
** Medpace Holdings Inc MEDP.O : down 2.7%
BUZZ - Contract research firms fall as Baird raises funding concerns after SVB
fallout urn:newsml:reuters.com:*:nL4N35N3NV
** Incannex Healthcare Ltd IXHL.O : up 12.6%
BUZZ - Rises on positive interim data for anxiety therapy urn:newsml:reuters.com:*:nL4N35N3QN
** Jack Henry & Associates Inc JKHY.O : up 1.2%
BUZZ - Rises as UBS says bank-induced selloff a buying opportunity urn:newsml:reuters.com:*:nL1N35N1WT
** Thermogenesis Holdings Inc THMO.O : up 81.0%
BUZZ - Rises on plans to roll out manufacturing facility for lease urn:newsml:reuters.com:*:nL4N35N3RC
** Netflix Inc NFLX.O : up 2.7%
BUZZ - Bucks market selloff as Oppenheimer says buy the dip urn:newsml:reuters.com:*:nL1N35N23N
** CNX Resources Corp CNX.N : down 5.1%
** Chesapeake Energy Corp CHK.O : down 4.9%
** Cheniere Energy Inc LNG.N : down 5.2%
** EQT Corp EQT.N : down 6.8%
BUZZ - Natural gas cos fall on Credit Suisse-led market selloff [nL4N35N3TV ]
** Casa Systems Inc CASA.O : down 45.4%
BUZZ - Plunges on lower Q4 results, CEO retires urn:newsml:reuters.com:*:nL4N35N3VV
** Coty Inc COTY.N : down 2.6%
BUZZ - Raises 2023 revenue growth forecast; shares fall urn:newsml:reuters.com:*:nL4N35N3VY
** Arcutis Biotherapeutics Inc ARQT.O : down 4.4%
BUZZ - Down after rival Roivant's skin cream succeeds in trial urn:newsml:reuters.com:*:nL4N35N3WJ
** Adobe Inc ADBE.O : down 0.5%
BUZZ - Slips ahead of results due after the bell urn:newsml:reuters.com:*:nL1N35N29N
The 11 major S&P 500 sectors:
Communication Services .SPLRCL up 0.64%
Consumer Discretionary .SPLRCD down 1.09%
Consumer Staples .SPLRCS down 0.20%
Energy .SPNY down 5.81%
Financial .SPSY down 3.57%
Health .SPXHC down 0.46%
Industrial .SPLRCI down 3.55%
Information Technology .SPLRCT down 0.81%
Materials .SPLRCM down 3.99%
Real Estate .SPLRCR down 0.67%
Utilities .SPLRCU up 0.80%
(Rajarshi Roy)
((Rajarshi.Roy@thomsonreuters.com))