BUZZ-U.S. STOCKS ON THE MOVE-Boeing, Peabody, Mosaic, Blue Nile
(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 off more than 1 percent on Thursday, pushing the S&P 500 and the Dow Jones industrial average down 10 percent for the year, as investors jettisoned stocks and scurried toward safer shores. The Dow Jones industrial average was down 2.27 percent at 15,552.97, the S&P 500 was down 1.90 percent at 1,816.65 and the Nasdaq Composite was down 1.49 percent at 4,219.873.
** BOEING CO, $103.57, -10.99 pct
The U.S. SEC is investigating whether Boeing properly accounted for the costs and expected sales of two of its best known jetliners, Bloomberg reported on Thursday.
** TWITTER INC, $14.35, -4.21 pct
The company reported its first quarter with no growth in users since it went public, stoking fresh concerns on how long it will take for the company to reverse the trend. At least 21 brokerages cut their PTs.
** MYLAN NV, $41, -18.88 pct
The generic drugmaker said it would acquire Meda AB in a $7.2 billion cash-and-stock deal in its third attempt to buy the Swedish company. At least 3 brokerages cut PT. Continued...