BUZZ-U.S. STOCKS ON THE MOVE-Fedex, Mondelez, Valeant, Viacom, Office Depot
(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 S&P 500 and the Dow edged up on Thursday as a rise in crude oil lifted the materials and energy stocks, a day after the Federal Reserve's lowered projection of two interest rate hikes in 2016 pushed the S&P to its highest close this year. The Dow Jones industrial average was up 0.52 percent at 17,415.65, the S&P 500 was up 0.34 percent at 2,034.17 and the Nasdaq Composite was down 0.15 percent at 4,756.636.
** FEDEX CORP, $159.16, +10.32 pct
The package delivery company forecast better-than-expected full-year earnings and reported third-quarter earnings that beat analysts' expectations.
** MONDELEZ INTERNATIONAL INC, $41.05, -1.61 pct
Billionaire investor William Ackman adjusted his battered hedge fund portfolio on Wednesday when he sold 20 million shares of the snack maker, one day after another key holding, Valeant Pharmaceuticals , lost half of its value.
** VITAE PHARMACEUTICALS INC, $6.9799, +69.83 pct Continued...