(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, here ; for the Morning News Call newsletter, here) Gains in energy and bank stocks lifted the Dow and the S&P 500 to record intraday highs on Wednesday, but losses in technology stocks dragged down the Nasdaq. The Dow Jones Industrial Average was up 0.37 percent at 19,193.14, the S&P 500 was up 0.14 percent at 2,207.68 and the Nasdaq Composite was down 0.68 percent at 5,343.47.
** HALLIBURTON CO, $54.45, +13.94 pct
** CHEVRON CORP, $112.5, +2.89 pct
** MURPHY OIL, $34.34, +16.72 pct
** DEVON ENERGY, $18.125, +21.24 pct
** NEWFIELD EXPLORATION, $45.43, +16.19 pct
** CHESAPEAKE ENERGY CORP, $7.04, +10.52 pct
** HESS CORP, $56.47, +15.13 pct
** SEADRILL LTD , $2.87, +17.14 pct
** ATWOOD OCEANICS INC , $9.49, +21.36 pct
** OASIS PETROLEUM INC, $14.92, +27.30 pct
** DENBURY RESOURCES INC, $3.615, +27.74 pct
U.S.-listed shares of oil companies rose as oil prices soared more than 8 percent as some of the world’s largest oil producers agreed to curb oil output for the first time since 2008.
** GOLDMAN SACHS GROUP INC, $219.11, +3.48 pct
** BANK OF AMERICA CORP, $21.055, +4.16 pct
** WELLS FARGO & CO, $52.86, +1.93 pct
** JPMORGAN CHASE & CO, $80, +1.37 pct
** CITIGROUP INC, $56.38, +1.55 pct
** MORGAN STANLEY, $41.44, +2.07 pct
** REGIONS FINANCIAL CORP, $13.57, +2.96 pct
** FIRST HORIZON NATIONAL CORP , $19.1, +2.03 pct
** CITIZENS FINANCIAL GROUP INC, $33.38, +3.06 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.
** CSX CORP, $36.04, +3.56 pct
** NORFOLK SOUTHERN, $107.06, +2.58 pct
** GENESEE & WYOMING, $76.96, +1.29 pct
** UNION PACIFIC, $102.1, +1.52 pct
Rail stocks rose after CSX said it expected its fourth-quarter per share earnings, on reported basis, to be flat to slightly up.
** CERECOR INC, $2.0497, -56.57 pct
The drug developer said its depression drug, CERC-301, failed to meet the main goal in a mid-stage trial.
** CHAMPIONS ONCOLOGY INC, $2.3079, +20.83 pct
The cancer drug developer reported a 50 percent jump in second-quarter revenue, boosted by higher bookings and customer additions.
** ARROWHEAD PHARMACEUTICALS , $1.51, -65.60 pct
The gene-silencing said late Tuesday it would stop developing all its three drugs currently undergoing humans tests due to a setback in its drug-delivery technology.
** NOMAD FOODS, $9.43, -5.70 pct
The distributor of branded frozen foods in Western Europe fell for the second day. The company reported lower-than-expected Q3 sales early Tuesday due to weak demand in its largest markets.
** COSTAMARE INC , $5.69, -14.44 pct
The marine transportation services provider said an upsized offering of 12 million shares was priced at $6 apiece, with majority-holder Konstantakopoulos family committed to buy about $10 million worth of the deal.
** AMERICAN EAGLE OUTFITTERS INC , $16.215, -14.25 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, $15.985, -6.85 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, $10.1, +2.75 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, $9.17, -6.71 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, $5.95, -6.59 pct
The Puerto Rico-based financial holding company announced a secondary public offering of 18 million shares at $5.60 per share.
** FARMLAND PARTNERS, $11.03, -6.84 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.
** UNITED TECHNOLOGIES CORP, $108.45, -0.36 pct
The oilfield services provider reached an agreement with CSL Capital Management and Goldman Sachs Group Inc’s merchant banking division to create a hydraulic fracturing company in which Baker Hughes will own a 46.7 percent stake.
** SPLUNK INC, $59.655, +3.96 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.
** FAIRMOUNT SANTROL HOLDINGS INC, $9.69, +21.13 pct
The frac sand supplier said it repurchased $213 million of term loans outstanding under its existing credit agreement at a discount.
** WINGSTOP INC, $30.7, +2.37 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