BUZZ-U.S. STOCKS ON THE MOVE-Delta, BofA, Celgene, Miller Energy, Netflix

Wed Jul 15, 2015 10:22am 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,; for the Morning News Call newsletter, The Dow Jones and the S&P 500 were little changed in morning trading on Wednesday, while Celgene led a rally in health stocks that pushed the Nasdaq to modest gains.

The Dow Jones industrial average was up 0.08 percent at 18,068.84, the S&P 500 was up 0.14 percent at 2,111.95 and the Nasdaq Composite!RIC {.IXIC} is invalid.

** BANK OF AMERICA CORP, $17.615, +2.83 pct

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, $135.3838, +10.20 pct

** RECEPTOS INC, $228.64, +10.36 pct

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...