BUZZ-U.S. Stocks on the Move-Hortonworks, Avolon, New Relic, Ivanhoe

Fri Dec 12, 2014 11:09am EST
 
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(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 dipped on Friday, putting the benchmark S&P 500 on track to snap seven weeks of gains, after oil prices slumped further. The Dow Jones industrial average was down 1.03 percent at 17,414.73, the S&P 500 was down 0.96 percent at 2,015.73 and the Nasdaq Composite 0.61 percent at 4,679.33.

** HORTONWORKS INC, $22.69, +41.81 pct

** YAHOO INC, $50.42, +0.96 pct

Shares of the big-data company spun off from Yahoo rose as much as 52 percent in their market debut, valuing the company at up to $1 billion. The IPO raised $100 million after it was priced at $16 per share, well above the expected range.

** AVOLON HOLDINGS LTD, $18.85, -5.75 pct

The Irish aircraft leasing firm fell 5 percent on its debut on the New York Stock Exchange despite pricing the shares below its expected range of $21-23. Avolon, the world's ninth-largest aircraft leasing firm by assets, priced its shares at $20 per share on Thursday after falls in rivals shares in recent days, valuing the company at $1.6 billion.

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