December 13, 2017 / 4:44 PM / 10 months ago

BUZZ-U.S. STOCKS ON THE MOVE-Adobe Systems, Caterpillar, Overstock.com, Western Digital

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U.S. stocks inched higher on Wednesday powered by technology stocks but shares of big banks lost steam ahead of a widely-expected interest rate hike in the afternoon. At 11:22 ET, the Dow Jones Industrial Average was up 0.50 percent at 24,626.57. The S&P 500 was up 0.25 percent at 2,670.81 and the Nasdaq Composite was up 0.43 percent at 6,891.867. The top three S&P 500 percentage gainers: ** Centurylink Inc, up 4.6 pct ** Hasbro Inc, up 4 pct ** Incyte Corp, up 3.2 pct The top three S&P 500 percentage losers: ** Acuity Brands, down 6.5 pct ** Ralph Lauren Corp, down 3.6 pct ** Twenty-First Century Fox Inc, down 3.3 pct The top three NYSE percentage gainers: ** PPDAI Group Inc, up 10.4 pct ** Amplify Snack Brands Inc, up 9.4 pct ** Jianpu Technology Inc, up 8.5 pct The top three NYSE percentage losers: ** Nordic American Tankers Ltd, down 25.2 pct ** Oi S.A., down 14.3 pct ** Bristow Group, down 12.9 pct The top three Nasdaq percentage gainers: ** CounterPath Corp, up 126.8 pct ** Wins Finance Holdings Inc, up 69.7 pct ** Apollo Medical Holdings Inc, up 43.2 pct The top three Nasdaq percentage losers: ** Helios And Matheson Analytics Inc, down 30.1 pct ** Arcbest Corp, down 10.9 pct ** Second Sight Medical Products Inc, down 9.9 pct ** Alphabet Inc: up 0.4 pct Google launching artificial intelligence research center in China ** Finisar Corp: up 30.1 pct ** Apple Inc: up 0.8 pct BUZZ-Finisar: Set for best day in 2 years after $390 mln Apple infusion BUZZ-Chipmaker Finisar gets boost from Apple funds, rival Lumentum drops UPDATE 2-Finisar gets $390 mln from Apple to make more iPhone X chips ** Verifone Systems Inc: down 3.9 pct BUZZ-Verifone Systems Inc: Falls on FY 2018 forecast miss ** Caterpillar Inc: up 2.9 pct ** Deere & Co: up 1.1 pct ** Welbilt Inc: up 0.4 pct BUZZ-Machinery & construction: shares up on Barclays’ bullish initiation ** Ralph Lauren Corp: down 3.6 pct BUZZ-Ralph Lauren: Brand demand weak, sales trends remain negative - BofA-ML ** Valeant Pharma: up 0.2 pct BUZZ-Valeant Pharma: Exaggerated short squeeze - Stifel ** Western Digital: up 2.6 pct BUZZ-Western Digital: Inches up on ending Toshiba chip dispute UPDATE 2-Western Digital takes legal step to stop Toshiba memory investment ** Teva Pharmaceutical Industries Ltd: down 6.1 pct BUZZ-Teva Pharma: To announce restructuring plans - report ** Helios and Matheson Analytics Inc: down 30.1 pct BUZZ-Helios and Matheson Analytics: Falls on public offering ** Nordic American Tankers Ltd: down 25.2 pct BUZZ-Nordic American Tankers Ltd: Sinks on public offering ** Proteostasis Therapeutics: down 8.7 pct BUZZ-Proteostasis Therapeutics: Falls on proposed public offering ** Civitas Solutions: down 10.9 pct BUZZ-Civitas Solutions: Falls after Q4 revenue misses estimates ** Omnicom Group Inc: down 0.8 pct ** The Interpublic Group of Co: down 1.9 pct BUZZ-US ad firms: Jefferies slashes organic growth views for 2018 ** PayPal Holdings Inc: up 1.4 pct BUZZ-PayPal has enough funds for growth and buybacks - Instinet BUZZ-PayPal’s healthy liquidity could mean more buybacks - Instinet ** Cellectis SA: up 14.6 pct BUZZ-Cellectis: Climbs on positive early-stage data ** Accuray Inc: down 6.4 pct BUZZ-Accuray: Slumps on JPMoragn downgrade ** Westlake Chemical Corp: up 0.7 pct BUZZ-Lower ethylene prices in ‘18 to help Westlake Chemical ** The TJX Companies Inc: up 0.3 pct BUZZ-Un-Amazon-Able TJX: Cowen & Co’s best idea for 2018 ** Bluebird Bio: down 4.3 pct BUZZ-Bluebird Bio: Dips on pricing of $600 mln stock offering ** O’Reilly Automotive: down 0.1 pct BUZZ-O’Reilly Automotive: RBC upgrades rating on favorable outlook for 2018 ** Digital Power Corp: up 31.3 pct ** Marathon Patent Group Inc: up 2.9 pct premarket BUZZ-Digital Power Corp: Rides the crypto wave ** Fate Therapeutics <FATE.O >: down 3.2 pct BUZZ-Fate Therapeutics: Falls on stock offering ** Oasis Petroleum: down 7.3 pct BUZZ-Oasis Petroleum: Guggenheim sees high cost, low return from Delaware deal ** Extended Stay America: up 3.5 pct BUZZ-Extended Stay America: JPMorgan upgrades to ‘overweight’ ** TD Ameritrade: down 1.9 pct BUZZ-TD Ameritrade: Scottrade founder reaps windfall in $1.4 bln block ** Adobe Systems Inc: up 2.1 pct BUZZ-Adobe Systems Inc: Rises ahead of Q4 earnings report ** CHF Solutions: up 6.4 pct BUZZ-CHF Solutions: Up on distribution deal with Singapore’s Transmedic ** Overstock.com: up 8.1 pct BUZZ-Overstock: FT says CEO mulling a sale to fund blockchain venture ** Intellia Therapeutics: down 5.5 pct BUZZ-Intellia Therapeutics at bottom of biotech index on block trade ** Argenx NV: down 4.3 pct BUZZ-Argenx NV: Down after upsizing stock offering ** Long Island Iced Tea: up 21.1 pct BUZZ-Long Island Iced Tea: Boosted by distribution deals with Europe’s Natur ** State Street Corp: up 2.5 pct BUZZ-State Street hits record high after KBW upgrade ** CounterPath Corp: up 126.8 pct BUZZ-CounterPath Corp: Hits over 2-year high on quarterly results beat ** T-Mobile US Inc: up 1.2 pct BUZZ-T-Mobile US Inc: TV-service plan pushes shares higher (Compiled by Akshara P. in Bengaluru)

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