BUZZ-U.S. Stocks on the Move-Biotechs, Egalet, Skechers, PTC, CyberArk
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U.S. stocks were higher on Wednesday, with the S&P 500 snapping a three-day decline, as investors sought stocks offering value following a strong report on the housing market.
The Dow Jones industrial average was up 0.84 percent at 17,199.62, the S&P 500 was up 0.68 percent at 1,996.19 and the Nasdaq Composite was up 0.84 percent at 4,546.739.
** CITIZENS FINANCIAL GROUP INC, $22.92, +6.60 pct
** ROYAL BANK OF SCOTLAND, $11.87, +1.54 pct
Shares of Citizens Financial Group, the U.S. unit of RBS RBS.L, rose in their market debut - the biggest U.S. bank IPO since the financial crisis.
The offering, which raised $3.01 billion for RBS, got a lukewarm reception from investors, forcing RBS to cut the price to $21.50 per share, below the expected range of $23-25.