MARKET PULSE-Brazil stocks, Baxter, GameStop, Alcoa, General Steel
(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 fell on Thursday as a report showing modest economic growth in the fourth quarter was not viewed as positive enough to offset lingering geopolitical uncertainties, with the S&P 500 near record levels. The Dow Jones industrial average was down 0.22 percent at 16,233.25, the S&P 500 was down 0.39 percent at 1,845.39 and the Nasdaq Composite was down 0.76 percent at 4,141.802.
** CITIGROUP INC, $47.36, -5.58 pct
The Federal Reserve, on Wednesday, rejected the lender's plans to buy back $6.4 billion of shares and boost dividends, saying the bank is not sufficiently prepared to handle a potential financial crisis.
Keefe Bruyette & Woods downgraded the company's stock to "market perform" from "outperform," saying the Fed's objection to Citi's capital plan raises the possibility of a lower capital return relative to its expectations over an intermediate time horizon. Brokerage Sanford C. Bernstein also lowered its rating on the company's stock to "market perform" from "outperform."
** ELETROBRAS, $4.7, +5.86 pct
** PETROBRAS SA, $12.88, +7.33 pct
** CIA SIDERURGICA NACIONAL, $4.43, +5.48 pct
** BANCO BRADESCO SA, $13.39, +4.77 pct Continued...