MARKET PULSE-Sears, Oculus Innovative, Tesla, Kinder Morgan, eBay

Wed Dec 4, 2013 11:12am 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. stocks edged higher in choppy trading on Wednesday after a mixed bag of economic data tempered recent expectations the U.S. Federal Reserve will wind down its massive stimulus earlier than expected. The Dow Jones industrial average was up 0.22 percent at 15,950.3, the S&P 500 was up 0.19 percent at 1,798.52 and the Nasdaq Composite was up 0.30 percent at 4,049.406.

** CITIGROUP INC, $51.63, -0.96 pct

** JPMORGAN CHASE & CO, $57.26, +0.70 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, $50.945, -8.29 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.

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