BUZZ-U.S. STOCKS ON THE MOVE-Big U.S. banks, Tesla, DexCom, HealthEquity
(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 was deep in the red in volatile trading on Monday, as technology stocks continued to sell off and oil prices remained under pressure, sending investors scurrying to safe-haven assets. The Dow Jones industrial average was down 2.21 percent at 15,846.66, the S&P 500 was down 2.30 percent at 1,836.85 and the Nasdaq Composite was down 2.90 percent at 4,236.455.
** CHESAPEAKE ENERGY, $1.99, -34.97 pct
The natural gas producer has tapped adviser Kirkland & Ellis to explore restructuring options, people familiar with the matter told Reuters.
** CTI BIOPHARMA CORP, $0.4328, -61.36 pct
The drug developer says the U.S. FDA has placed a partial clinical hold on studies for its lead cancer drug, pacritinib.
** BIOCRYST PHARMACEUTICALS INC, $1.981, -67.74 pct
The drug developer said its lead drug failed to reduce the frequency of recurrent swelling in patients with hereditary angioedema. Continued...