BUZZ-U.S. STOCKS ON THE MOVE-Credit Acceptance, Eagle Pharma, Marathon Oil
(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 sharply higher on Monday, with the S&P and the Dow recovering last week's losses, after polls over the weekend showed an increased possibility of Britain remaining in the European Union. The Dow Jones industrial average was up 1.08 percent at 17,866.2, the S&P 500 was up 0.97 percent at 2,091.36 and the Nasdaq Composite was up 1.28 percent at 4,861.693.
** JPMORGAN CHASE & CO, $62.57, +0.47 pct
** BANK OF AMERICA CORP, $13.53, +0.97 pct
** WELLS FARGO & CO, $47.12, +1.12 pct
Banks in U.S. are likely to be primary focus for the day as global stocks rose sharply and sterling strengthened broadly while safe-havens including the yen and gold retreated, after polls showed support for Britain staying in the EU regaining momentum before Thursday's referendum.
** CHESAPEAKE ENERGY CORP, $4.64, +2.88 pct
** FREEPORT MCMORAN INC, $11.675, +4.80 pct Continued...