U.S. STOCKS ON THE MOVE-Meta Platforms, China ADRs, Adagene

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16/12/2022 17:26

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Wall Street's main stock indexes extended losses on Friday as fears of a looming
recession sparked by the Federal Reserve's relentless battle against inflation
hammered sentiment.     .N 
    At 11:48 a.m. ET, the Dow Jones Industrial Average  .DJI  was down 1.32% at
32,765.55. The S&P 500  .SPX  was down 1.45% at 3,839.44 and the Nasdaq
Composite  .IXIC  was down 1.27% at 10,673.326.
 The top three S&P 500  .PG.INX  percentage gainers:
 ** Meta Platforms Inc  META.O , up 3.7%
 ** Adobe Inc  ADBE.O , up 3.4%
 ** Universal Health Services Inc  UHS.N , up 2.4%
 The top three S&P 500  .PL.INX  percentage losers:
 ** Ford Motor Co  F.N , down 5.8%
 ** Accenture  ACN.N , down 5.6%
 ** Moderna Inc  MRNA.O , down 5.1%
 The top three NYSE  .PG.N  percentage gainers:
 ** Maxar Technologies Inc  MAXR.N , up 122.6%
 ** Ambrx Biopharma Inc  AMAM.N , up 26.2%
 ** Gaotu Techedu Inc  GOTU.N , up 21.7%
 The top two NYSE  .PL.N  percentage losers:
 ** CEL-SCI Corp  CVM.N , down 10.5%
 ** Sea Limited  SE.N , down 10.3%
 The top three Nasdaq  .PG.O  percentage gainers:
 ** Trean Insurance Group Inc  TIG.O , up 92%
 ** BeyondSpring Inc  BYSI.O , up 43.1%
 ** Calithera Biosciences Inc  CALA.O , up 20.5%
 The top three Nasdaq  .PL.O  percentage losers:
 ** BiondVax Pharmaceuticals Ltd  BVXV.O , down 55.1%
 ** Cosmos Holdings Inc  COSM.O , down 43.8%
 ** Guardant Health Inc  GH.O , down 31.2%
 
  
 ** Faraday Future Intelligent Electric Inc  FFIE.O : down 23.3% 
BUZZ - Shares down, co says it needs more funding to start production in March
 urn:newsml:reuters.com:*:nL4N33627Z 
 ** Guardant Health Inc  GH.O : down 31.2% 
BUZZ - Falls on disappointing results of DNA blood test, PT cuts  urn:newsml:reuters.com:*:nL4N336270   
 ** Meta Platforms Inc  META.O : up 3.7% 
BUZZ - Up as JPM upgrades to 'overweight' on increased cost discipline
 urn:newsml:reuters.com:*:nL4N3362D2   
 ** Exact Sciences Corp  EXAS.O : up 18.1% 
BUZZ - Rises as rival's cancer test misses expectations  urn:newsml:reuters.com:*:nL4N3362BR 
 ** JPMorgan Chase & Co  JPM.N : down 1.0%
 ** Goldman Sachs Group Inc  GS.N : down 1.2%
 ** Morgan Stanley  MS.N : down 1.7%
 ** Citigroup Inc  C.N : down 0.8% 
BUZZ - Major U.S. banks set to decline for second straight day on recession
fears  urn:newsml:reuters.com:*:nL4N3362FN 
 ** Cleveland-Cliffs Inc  CLF.N : up 1.2% 
BUZZ - UBS starts coverage on Cleveland-Cliffs with 'neutral' rating
 urn:newsml:reuters.com:*:nL4N3362J8
 ** Maxar Technologies Inc  MAXR.N : up 122.6% 
BUZZ - Shares more than double on Advent $4 bln buyout deal  urn:newsml:reuters.com:*:nL4N3362K2 
 ** Camber Energy Inc  CEI.N : down 22.7% 
BUZZ - Tumbles on reverse stock split  urn:newsml:reuters.com:*:nL4N3362KA 
 ** LTC Properties Inc  LTC.N : down 3.1% 
BUZZ - BMO downgrades LTC Properties to 'underperform' on tenant uncertainty
 urn:newsml:reuters.com:*:nL4N3362K8 
 ** Travelzoo Inc  TZOO.O : up 1.9% 
BUZZ - Jumps after forecasting Q4 rev above estimates  urn:newsml:reuters.com:*:nL4N3362N5 
 ** Chevron Corp  CVX.N : down 1.5% 
 ** Exxon Mobil Corp  XOM.N : down 1.1% 
 ** ConocoPhillips  COP.N : down 1.9% 
 ** Occidental Petroleum Corp  OXY.N : down 1.9% 
 BUZZ - Energy firms slip after oil drops on interest rate hikes  urn:newsml:reuters.com:*:nL4N3362LX
 ** Enphase Energy Inc  ENPH.O : down 3.9%
 ** Solaredge Technologies Inc  SEDG.O : down 3.1%
 ** First Solar Inc  FSLR.O : down 2.7%
 BUZZ - Solar firms fall as California reduces rooftop solar incentive
 urn:newsml:reuters.com:*:nL4N3362ON 
 ** Avaya Holdings Corp  AVYA.N : down 63.7%
 BUZZ - Down after report says co nearing chapter 11 bankruptcy filing
 urn:newsml:reuters.com:*:nL4N3362OL 
 ** Ford Motor Co  F.N : down 5.8%
 BUZZ - Shares down; co hikes price of cheapest F-150 electric truck
 urn:newsml:reuters.com:*:nL4N3362NI    
 ** General Motors Co  GM.N : down 3.8%
 BUZZ - GM's Cruise faces safety probe, shares down  urn:newsml:reuters.com:*:nL4N3362KU    
 ** Alibaba.com Ltd  BABA.N : up 1.4%
 ** JD.com Inc  JD.O : up 1.3%
 ** Baidu Inc  BIDU.O : up 0.6%
 BUZZ - China ADRs rise as Chinese firms avert delisting  urn:newsml:reuters.com:*:nL4N32R3EB    
 ** Adagene Inc  ADAG.O : up 6.8%
 BUZZ - Rises on collaboration with Roche for liver cancer drug  urn:newsml:reuters.com:*:nL4N3362N7 
    
 The 11 major S&P 500 sectors:
 
 Communication Services   .SPLRCL   down 0.30%
 Consumer Discretionary   .SPLRCD   down 1.89%
 Consumer Staples         .SPLRCS   down 0.94%
 Energy                   .SPNY     down 1.88%
 Financial                .SPSY     down 1.21%
 Health                   .SPXHC    down 1.56%
 Industrial               .SPLRCI   down 1.22%
 Information Technology   .SPLRCT   down 1.46%
 Materials                .SPLRCM   down 1.10%
 Real Estate              .SPLRCR   down 3.25%
 Utilities                .SPLRCU   down 2.52%
 (Compiled by Rajarshi Roy and Pratyush Thakur)
 ((Rajarshi.Roy@thomsonreuters.com; pratyush.thakur@thomsonreuters.com))