BUZZ-U.S. STOCKS ON THE MOVE-Fedex, Mondelez, Guess, Valeant, Viacom
(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 edged up on Thursday as FedEx and GE shares lifted the industrials sector, a day after the Federal Reserve's lowered projection of two interest rate hikes in 2016 pushed the S&P 500 to its highest close this year. The Dow Jones industrial average was up 0.73 percent at 17,452.39, the S&P 500 was up 0.52 percent at 2,037.81 and the Nasdaq Composite was up 0.09 percent at 4,768.169.
** FEDEX CORP, $159, +10.21 pct
The package delivery company forecast better-than-expected full-year earnings and reported third-quarter earnings that beat analysts' expectations.
** MONDELEZ INTERNATIONAL INC, $40.85, -2.09 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, $6.892, +67.69 pct Continued...