BUZZ-U.S. STOCKS ON THE MOVE-Chesapeake, Hertz, Seagate

Mon Apr 11, 2016 1:26pm 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 gains were driven by materials stocks on Monday as a weaker dollar boosted commodities, and investors turned their focus to the earnings season. The Dow Jones industrial average was up 0.55 percent at 17,673.18, the S&P 500 was up 0.42 percent at 2,056.11 and the Nasdaq Composite was up 0.54 percent at 4,876.672.

** CHESAPEAKE ENERGY CORP, $4.27, +13.56 pct

The U.S. natural gas producer said its borrowing limit was reaffirmed at $4 billion, at a time when most oil and gas producers are bracing for steep cuts to their credit lines.

** HATTERAS FINANCIAL CORP , $15.76, +10.52 pct

** ANNALY CAPITAL MANAGEMENT INC , $10.33, -0.77 pct

Annaly Capital Management will acquire Hatteras Financial Corp for $1.5 bln in cash and stock.   Continued...