(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 recouped early losses on Friday, helped by healthcare and tech stocks, as investors assessed data pointing to a strong recovery in the U.S. economy. The Dow Jones industrial average was up 0.20 percent at 17,721.25, the S&P 500 was up 0.10 percent at 2,061.82 and the Nasdaq Composite was up 0.41 percent at 4,889.739.
** TESLA MOTORS, $238.7, +3.89 pct
The company gave a sneak preview Thursday of its Model 3 sedan, saying more than 130,000 people had ordered the car, even though it is more than a year away from production.
Shares surge as Model 3 orders speed past estimates
** STARWOOD HOTELS & RESORTS WORLDWIDE INC, $79.26, -5.00 pct
** MARRIOTT INTERNATIONAL INC, $67.17, -5.63 pct
China’s Anbang Insurance Group Co said on Thursday it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide, paving the way for Marriott to buy the Sheraton and Westin hotels operator.
“MAR’s shareholder vote is uncertain given the higher price and our feeling that MAR’s raising and altering the mix of its equity and cash from its original bid was almost unnecessary,” JP Morgan analysts write in a note.
BREAKINGVIEWS-Anbang risks a Year of the Stalking Horse
** CHIPOTLE MEXICAN GRILL INC, $465, -1.27 pct
Goldman cuts rating on the burrito chain operator to “neutral”. “Increased concerns about the cadence and costs of the comp recovery now fully offset our confidence in longer-term upside,” analyst Karen Holthouse writes in note.
Graphic on Chipotle's woes (bit.ly/1UxpO4y)
** SUNEDISON INC , $0.484, -10.40 pct
The struggling solar company said it received a subpoena from the U.S. Department of Justice seeking details related to its failed deal to buy Vivint Solar Inc and transactions with its two publicly listed units.
** TERRAFORM POWER INC, $9.785, +13.12 pct
Hedge fund Appaloosa LP raised its stake to 10.88 percent in the company, one of the two publicly listed units of struggling solar company SunEdison.
** ARRAY BIOPHARMA INC, $2.93, -0.68 pct
The company abandoned a late-stage study testing its experimental ovarian cancer drug, after an interim analysis showed the trial would likely fail.
** CARDIOVASCULAR SYSTEMS INC, $13.27, +27.97 pct
The heart device maker on Thursday announced broad-based restructuring measures to reduce costs, including a workforce reduction of about 8 percent.
** UNITED CONTINENTAL, $56.37, -5.83 pct
** AMERICAN AIRLINES, $39.46, -3.78 pct
** DELTA, $46.97, -3.51 pct
** HAWAIIAN HOLDINGS, $45.75, -3.05 pct
** SOUTHWEST AIRLINES, $44.19, -1.36 pct
** ALASKA AIR, $81.12, -1.10 pct
** JETBLUE, $21.405, +1.35 pct
** SPIRIT, $46.97, -2.11 pct
** SKYWEST, $19.36, -3.15 pct
Airline stocks dip as Deutsche Bank says key macro indicators suggest more challenging environment for 2016. Slowdown in US corporate profits, a leading indicator of economic activity, could lead to reduced demand for corporate travel, analysts write in note.
** NOVARTIS AG, $71.21, -1.70 pct
Ankara Chief Prosecutor launched an investigation into the Swiss drugmaker’s Turkish unit, local media reported on Friday, after allegations it benefited from bribery.
** BLACKBERRY LTD, $7.65, -5.44 pct
The smartphone industry pioneer reported a larger-than-expected slide in fourth-quarter revenue amid weakness in hardware sales.
** MARVELL TECHNOLOGY GROUP LTD, $9.85, -4.46 pct
The chipmaker said it is unable to file 10-K for year ended Jan. 30 due to internal accounting probe.
** REGENERON PHARMACEUTICALS INC, $397.38, +10.25 pct
The drugmaker and Sanofi said their experimental treatment for eczema proved highly effective in two large studies, without serious side effects often seen with standard treatments for the chronic inflammatory skin disease.
** SPIRIT AEROSYSTEMS HOLDINGS INC, $43.1, -4.98 pct
Boeing said it is ending an agreement with one of its largest suppliers, Spirit, effectively taking away manufacturing of profitable spare parts used in aircraft repairs. (Compiled by Rosmi Shaji in Bengaluru; Editing by Sriraj Kalluvila)