BUZZ-U.S. STOCKS ON THE MOVE-World Fuel, MoneyGram, SkyWest
(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) The Dow and S&P 500 were dragged down on Friday by weak earnings from oil producers Exxon Mobil and Chevron, while the Nasdaq edged up after Amgen's profit beat expectations. The Dow Jones industrial average was up 0.05 percent at 17,755.23 and the S&P 500 was up 0.17 percent at 2,112.32.
** EXXON MOBIL CORP, $79.88, -3.77 pct
** CHEVRON CORP, $89.49, -3.81 pct
Weak oil prices shriveled quarterly profit at Exxon Mobil and Chevron, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude.
** AMGEN INC, $176.605, +2.86 pct
The world's largest biotechnology company on Thursday reported higher-than-expected second-quarter profit and revenue, helped by strong sales of its Enbrel rheumatoid arthritis drug and cost cutting, and the company raised its full-year forecasts.