BUZZ-U.S. STOCKS ON THE MOVE-Starwood, BofA, JPMorgan, Adobe

Fri Mar 18, 2016 11:53am EDT
 
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(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 rose on Friday, pushing the S&P 500 into positive territory for 2016, as the Fed's tempered view on interest rates, a weakened dollar and rising oil prices whetted investors' risk appetite. The Dow Jones industrial average was up 0.54 percent at 17,576.53, the S&P 500 was up 0.37 percent at 2,048.1 and the Nasdaq Composite was up 0.44 percent at 4,795.998.

** STARWOOD HOTELS & RESORTS INC, $80.17, +4.95 pct

** MARRIOTT INTERNATIONAL INC, $73.24, +2.01 pct

Starwood Hotels & Resorts Inc, the operator of Sheraton and Westin hotels, said on Friday it was planning to accept a raised buyout offer from a group led by China's Anbang Insurance and would scrap its deal with Marriott International Inc.

** BANK OF AMERICA CORP, $13.73, +2.46 pct

The bank said its board has authorized share repurchase of up to $800 million, in addition to the $4 billion share buyback announced earlier.

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