MARKET PULSE-Sears, Express, Oculus Innovative, Ambit Biosciences

Wed Dec 4, 2013 10:02am EST
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

U.S. stock indexes fell at the open on Wednesday as investors fretted that strong private jobs data could give the Federal Reserve ammunition to scale back an asset purchase program that has boosted equities for much of the year. The Dow Jones industrial average was down 0.31 percent at 15,866.07, the S&P 500 was down 0.35 percent at 1,788.83 and the Nasdaq Composite was down 0.19 percent at 4,029.417.

** CITIGROUP INC, $51.25, -1.69 pct

** JPMORGAN CHASE & CO, $56.77, -0.16 pct

EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros ($2.32 billion) on Wednesday for rigging financial benchmarks. The other banks penalized are Societe Generale, JPMorgan and brokerage RP Martin.

Goldman Sachs cut its rating on Citigroup to "neutral" from "conviction list-buy."

** SEARS HOLDINGS CORP, $51.355, -7.55 pct

Billionaire Edward Lampert's hedge fund, ESL Partners, distributed about 7.4 million shares of the U.S. retailer to investors in the fund, according to a regulatory filing on Tuesday. Following the distribution, ESL and its affiliates, including Lampert, had a stake of 48.4 percent as of Dec. 2, down from 55.4 percent as of March 19, according to filings with the U.S. Securities and Exchange Commission.   Continued...