BUZZ-U.S. Stocks on the Move-Energy stocks, Lands' End, Synthesis
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)
U.S. stocks were lower near midday on Wednesday, weighed down by a sharp decline in the energy sector on the latest weakness in oil prices. The Dow Jones industrial average was down 0.86 percent at 17,647.51, the S&P 500 was down 0.76 percent at 2,044.21 and the Nasdaq Composite was down 0.65 percent at 4,735.57.
** GLAXOSMITHKLINE PLC, $43.22, -2.02 pct
Bank of America Merrill Lynch cut its rating to "underperform" from "neutral" on Britain's biggest drugmaker , citing near-term margin pressures, lower long-term expectations for new respiratory products and reduced buybacks given lower earnings.
** SEVENTY SEVEN ENERGY INC, $4.81, -14.87 pct
** REX ENERGY CORP, $5.17, -5.40 pct
** SANCHEZ ENERGY CORP, $7, -7.53 pct Continued...