BUZZ-U.S. STOCKS ON THE MOVE-Starwood, BofA, JPMorgan, Eagle Pharma
(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 0.48 percent at 17,566.04, the S&P 500 was up 0.24 percent at 2,045.39 and the Nasdaq Composite was up 0.15 percent at 4,782.347.
** STARWOOD HOTELS & RESORTS INC, $80, +4.73 pct
** MARRIOTT INTERNATIONAL INC, $73.25, +2.02 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.
** AEROPOSTALE INC, $0.25, -47.92 pct
The teen apparel retailer said it was exploring strategic alternatives, including a sale, after posting its 13th straight quarterly loss.