BUZZ-U.S. STOCKS ON THE MOVE-BofA, Delta, Celgene, Netflix, Miller Energy
(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 was set to open little changed on Wednesday after Federal Reserve Chair Janet Yellen said the central bank remained on track to raise interest rates this year, with turmoil abroad unlikely to throw the U.S. economy off track.
Dow Jones industrial average futures were down 0.01 percent at 17,959, S&P 500 futures were up 0.01 percent at 2,102.25 and Nasdaq 100 futures were up 0.19 percent at 4,526.
** BANK OF AMERICA CORP, Tuesday close $17.13, +2.39 pct premarket
The second-largest U.S. bank by assets reported its biggest quarterly profit in nearly four years on Wednesday as mortgage banking revenue soared and expenses fell to their lowest since the financial crisis.
** CELGENE CORP, Tuesday close $122.85, +8.01 pct premarket
** RECEPTOS INC, Tuesday close $207.18, +10.46 pct premarket
Celgene said on Tuesday it would buy Receptos for $7.2 billion in a move that will give the U.S. biotechnology company a potential multibillion-dollar drug in late stage development for inflammatory bowel disease and multiple sclerosis. Celgene said it would pay $232 per share in cash. Continued...