Gains in energy and bank stocks pushed the Dow and the S&P 500 to record intraday highs on Wednesday, while the Nasdaq took a hit from declines in technology stocks.
The Dow Jones Industrial Average was up 0.41 percent at 19,199.63, the S&P 500 was up 0.11 percent at 2,207.14 and the Nasdaq Composite was down 0.60 percent at 5,347.383.
** CERECOR INC, $2.07, -56.14 pct
The drug developer said its depression drug, CERC-301, failed to meet the main goal in a mid-stage trial.
** CHAMPIONS ONCOLOGY INC, $2.35, +23.04 pct
The cancer drug developer reported a 50 percent jump in second-quarter revenue, boosted by higher bookings and customer additions.
** BASIC ENERGY SERVICES INC , $0.51, +15.00 pct
** APACHE CORP , $65.94, +8.56 pct
** CALIFORNIA RESOURCES CORP , $15.57, +29.21 pct
** MARATHON OIL CORP , $18.48, +23.61 pct
** CLAYTON WILLIAMS ENERGY, $113.60, +18.85 pct
** CHESAPEAKE ENERGY CORP , $7.05, +10.68 pct
** ABRAXAS PETROLEUM CORP , $2.08, +12.43 pct
** SEADRILL LTD , $2.89, +17.96 pct
** ATWOOD OCEANICS INC , $9.39, +20.08 pct
** OASIS PETROLEUM INC, $14.65, +25.00 pct
** DENBURY RESOURCES INC, $3.48, +22.97 pct
U.S.-listed shares of oil companies rose as oil prices jumped more than 8 percent to a five-week high as some of the world’s largest oil producers agreed to curb oil output for the first time since 2008.
** GOLDMAN SACHS GROUP INC, $219.77, +3.79 pct
** BANK OF AMERICA CORP, $20.93, +3.54 pct
** WELLS FARGO & CO, $52.78, +1.77 pct
** JPMORGAN CHASE & CO, $80.03, +1.41 pct
** CITIGROUP INC, $56.57, +1.89 pct
** MORGAN STANLEY, $41.40, +1.97 pct
** REGIONS FINANCIAL CORP, $13.56, +2.88 pct
** FIRST HORIZON NATIONAL CORP , $19.13, +2.19 pct
** CITIZENS FINANCIAL GROUP INC, $33.35, +2.96 pct
Shares of U.S. banks rise after comments from Steven Mnuchin, President-elect Donald Trump’s pick for U.S. Treasury secretary, and Deutsche Bank upgrades.
** ARROWHEAD PHARMACEUTICALS , $1.45, -66.97 pct
The gene-silencing therapy developer on Tuesday said it would stop developing all drugs being tested on humans due to a setback in its drug-delivery technology.
** COSTAMARE INC , $5.68, -14.59 pct
The marine transportation services provider said an upsized offering of 12 million shares was priced at $6 apiece, with said majority-holder Konstantakopoulos family committed to buy about $10 million worth of the deal.
** AMERICAN EAGLE OUTFITTERS INC , $16.40, -13.27 pct
The teen apparel retailer forecast a much lower-than-expected fourth-quarter profit and gave a cautious comparable sales forecast, blaming choppy mall traffic and a tough retail climate.
** VALEANT PHARMACEUTICALS, $15.70, -8.51 pct
The drugmaker’s talks to sell its Salix unit to Takeda Pharmaceutical Co Ltd for about $10 billion have broken down, WSJ reported, citing sources.
** GOPRO INC, $10.09, +2.65 pct
The wearable action camera maker said it would cut about 15 percent of its workforce and shutter its entertainment business, as the one-time Wall Street favorite cuts costs to help it return to profitability.
** OCULAR THERAPEUTIX INC, $9.55, -2.85 pct
The eye drug developer entered a controlled equity offering sales agreement with Cantor Fitzgerald & Co to offer and sell common shares in an aggregate offering of up to $40 million.
** FIRST BANCORP, $5.93, -6.91 pct
The Puerto Rico-based financial holding company announced a secondary public offering of 18 million shares at $5.60 per share.
** FARMLAND PARTNERS, $11.06, -6.59 pct
The agricultural REIT offered 3.1 million shares priced at $11.25 apiece, 5 percent discount to the stock’s last close, for gross proceeds of about $33.3 million.
** SPLUNK INC, $59.50, +3.70 pct
At least 5 brokerages raised their target prices on the stock after the data analytics software maker posted better-than expected third-quarter revenue and profit. Also, the company’s revenue forecast for the fourth-quarter was higher than the average analyst estimate.
** TIFFANY & CO, $82.60, +2.48 pct
Multiple brokerages raised their target prices on the stock after the luxury jeweler reported its first increase in quarterly sales in 2 years on Monday.
** FAIRMOUNT SANTROL HOLDINGS INC, $9.59, +19.88 pct
The frac sand supplier said it repurchased $213 million of term loans outstanding under its existing credit agreement at a discount.
** KINDER MORGAN INC, $22.15, +3.50 pct
Canada on Tuesday approved the pipeline operator’s hotly contested plan to build a pipeline from the Alberta oil sands to the Pacific coast, setting up a battle with environmentalists who helped elect Prime Minister Justin Trudeau.
** WINGSTOP INC, $30.84, +2.83 pct
Hedge fund manager Whitney Tilson said on Tuesday that he shorted the restaurant operator’s stock.
Compiled by John Benny in Bengaluru; Edited by Martina D'Couto