BUZZ-U.S. Stocks on the Move-Energy stocks, XTL, Cree, market debuts
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks sharply cut their losses in afternoon trading and the Nasdaq rebounded after a steep decline earlier Thursday, but energy shares lagged the broader market. The Dow Jones industrial average was up 0.09 percent at 16,820.31 and the S&P 500 was up 0.09 percent at 1,947.9.
** EXCO RESOURCES INC, $2.82, -7.54 pct
** PENN VIRGINIA CORP, $12.07, -0.41 pct
** CALLON PETROLEUM CO, $8.42, -1.86 pct
** SWIFT ENERGY CO, $8.91, -3.26 pct
** ENPHASE ENERGY INC, $12.905, -10.63 pct
** TORCHLIGHT ENERGY RESOURCES INC, $3, -14.28 pct
U.S. exploration and production companies' shares were down after oil prices fell to their lowest since June 2012 on Thursday. The fall was due to price cuts from top producer Saudi Arabia, in addition to supply glut worries and weak global economic data. Continued...