BUZZ-U.S. STOCKS ON THE MOVE-Health stocks, copper miners, Kona Grill
(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) Wall Street struggled for gains in volatile trading on Monday, weighed down by healthcare stocks and oil prices hitting fresh 12-year lows, ahead of the start of corporate earnings season. The Dow Jones industrial average was down 0.34 percent at 16,290.64, the S&P 500 was down 0.64 percent at 1,909.74 and the Nasdaq Composite was down 0.95 percent at 4,599.426.
** CELGENE CORP, $101.88, -6.52 pct
The biotech company said it expects 2016 sales at between $10.5 billion and $11 billion, below analysts' average estimate of $11.14 billion. The company also said negative impact of foreign exchange on net product sales was expected to be about $120 million in 2016.
** MCKESSON CORP, $162.84, -10.72 pct
The drug distributor revised its fiscal 2016 adjusted profit forecast to $12.60-$12.90 per share from $12.50-$13.00, citing weak generic drug pricing in the second half of the year.
** GENVEC INC, $0.667, -61.45 pct Continued...