September 2015 Archives

Markets surge as Asian stocks recover

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The markets closed sharply higher with the Dow rocketing 235 points to 16,284 as Asian markets recovered. Nasdaq leaped 102 points to 4,620.

On the upside

Opexa Therapeutics (Nasdaq: OPXA) completed its 1-for-8 reverse stock split after market close on Monday September 28.

Institutional Shareholder Services recommended that DepoMed (Nasdaq: DEPO) hold a special shareholder meeting to consider Horizon Pharma's (Nasdaq: HZNP) acquisition offer.

Bargain hunters lifted shares of Esperion Therapeutics (Nasdaq: ESPR).
 
On the downside

Investors locked in profits on Ceres (Nasdaq: CERE).

Caesars Entertainment (Nasdaq: CZR) chief executive Mark Frissora said that games need to change in order to attract younger gamblers.
 
Profit taking continued to sink shares of Basic Energy Services (NYSE: BAS).

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 leaped 35 points to 1,920. Bitcoin slipped to $235.

Biotechs rebound, markets soar

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A rebound of the biotechnology sector boosted the markets during the midday with the Dow leaping 158 points to 16,207. Nasdaq surged 73 points to 4,590.

On the upside

Bellerophon Therapeutics (Nasdaq: BLPH) presented positive data from a clinical trial of INOpulse(R) to treat pulmonary arterial hypertension.

Rentrak (Nasdaq: RENT) will be acquired by ComScore in an all-stock transaction valued at approximately $771 million.

Bloomberg reported that Synaptics (Nasdaq: SYNA) rejected on acquisition offer from a Chinese investor that valued the company at approximately $4 billion.
 
On the downside

C&J Energy Services (NYSE: CJES) amended its credit facilities and warned that third quarter results will fall short of expectations.

USA Technologies (Nasdaq: USAT) delayed filing its annual report.
 
Shares of Neuralstem (Nasdaq: CUR) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 jumped 24 points to 1,908. Bitcoin edged up to $237.

Gain in Chinese stocks boost markets

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A gain in Chinese markets sent stocks soaring with the Dow surging 230 points to 16,279. Nasdaq leaped 90 points to 4,608.

On the upside

Petrobras (NYSE: PBR) will increase the price of gasoline and diesel beginning today.

Bargain hunters lifted shares of Novavax (Nasdaq: NVAX).

Chinese technology firm Unisplendour will acquire a 15% stake in Western Digital (Nasdaq: WDC).
 
On the downside

Global president of Gap's (NYSE: GPS) Old Navy business will leave the company in November to become chief executive officer of Ralph Lauren (NYSE: RL) prompting downgrades.

Barracuda Networks (NYSE: CUDA) fell to a loss for the second quarter.
 
Mellanox Technologies (Nasdaq: MLNX) will acquire EZchip (Nasdaq: EZCH) in a cash deal valued at approximately $811 million.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 soared 29 points to 1,913. Bitcoin held steady at $236.
The markets closed mixed with the Dow gaining 47 points to 16,049 as an unexpectedly strong increase in consumer confidence tempered concerns of a global economic slowdown. Nasdaq dropped 26 points to 4,517.

On the upside

Nassau Reinsurance Group Holdings will pay a premium of approximately $217.2 million in cash to acquire The Phoenix Companies (NYSE: PNX).

Intersect ENT (Nasdaq: XENT) submitted a request to the Food and Drug Administration to expand the indication of the PROPEL mini steroid releasing sinus implant to treat patients undergoing frontal sinus surgery.

Bargain hunters lifted shares of Arch Coal (NYSE: ACI).
 
On the downside

Novavax (Nasdaq: NVAX) reported positive results from a Phase 2 clinical trial of its RSV F-protein recombinant nano particle vaccine candidate but the stock price fell.

Shares of Advaxis (Nasdaq: ADXS) extended its losses.
 
Kinder Morgan (NYSE: KMI) subsidiary Tennessee Gas Pipeline entered agreements to supply gas to Northeast and New England markets but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 2 points to 1,884. Bitcoin eased a fraction to $236.

Markets slip at midday

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The markets retreated from early morning highs to trade lower during the midday with the Dow slipping 15 points to 15,986. Nasdaq lost 8 points to 4,535.

On the upside

RiT (Nasdaq: RITT) swung to a profit for the second quarter as revenue more than doubled.

Bill Barrett (NYSE: BBG) reaffirmed its borrowing base at $375 million and entered an agreement to sell its Uinta Basin properties for approximately $27 million.

Axcelis Technologies (Nasdaq: ACLS) received orders for its Purion M medium current implanter from three chipmakers.
 
On the downside

Tuesday Morning (Nasdaq: TUES) chief executive officer Michael Rouleau retired effective immediately.

Team (NYSE: TISI) warned of lower first quarter earnings and cut its full year earnings guidance.
 
NextEra Energy Partners (NYSE: NEP) will discuss its earnings guidance through various investor meetings.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 added a point to 1,883. Bitcoin edged up to $237. 

Higher open as home prices climb

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Home prices climbed in July to lift the markets to a higher open with the Dow soaring 112 points to 16,113. Nasdaq surged 48 points to 4,592.

On the upside

Ceres (Nasdaq: CERE) licensed its Persephone bioinformatics technology to KWS SAST SE.

Yahoo (Nasdaq: YHOO) will spin off its holdings in Alibaba (NYSE: BABA).

Shares of Republic Airways Holdings (Nasdaq: RJET) continued rising.
 
On the downside

Esperion Therapeutics (Nasdaq: ESPR) updated its Phase 3 strategy for ETC-1002 in response to the Food and Drug Administration's End-of-Phase 2 Meeting Minutes.

OvaScience (Nasdaq: OVAS) does not expect to meet its 2015 goal of 1,000 AUGMENT treatment cycles.
 
Sequenom (Nasdaq: SQNM) hosted an investor and analyst day presentation yesterday.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 climbed 17 points to 1,898. Bitcoin held steady at $236.

Biotech sector drags down stocks

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The biotech sector continued to fall sending the markets plummeting to a sharply lower close with the Dow collapsing 312 points to 16,001. Nasdaq crashed 142 points to 4,54.

On the upside

Republic Airways Holdings (Nasdaq: RJET) reached a tentative agreement with its pilots union for a new three-year contract.
 
On the downside

Yahoo (Nasdaq: YHOO) introduced new updates to its advertising technology but the stock price fell.

Ignyta (Nasdaq: RXDX) reported updated interim data from Phase 1 clinical trials of entrectinib.

Retreating crude oil prices weighed down shares of Chesapeake Energy (NYSE: CHK).

Epizyme (Nasdaq: EPZM) reported updated data from an ongoing Phase 1 trial of tazemetostat.
 
Sprint (NYSE: S) will not participate in the next auction of airwaves in early 2016.

In the broad market, declining issues outpaced advancers by a margin of nearly 8 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 tanked 49 points to 1,881. Bitcoin rose $4 to $236.

Losses extended at midday

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The markets extended its losses during the midday with the Dow crashing 270 points to 16,044. Nasdaq skidded 130 points to 4,555.

On the upside

FBR Capital upgraded Knowles (NYSE: KN) from an Underperform rating to a Market Perform rating.
 
Alcoa (NYSE: AA) will separate into two independent, publicly-traded companies.
 
On the downside

Shares of Aratana Therapeutics (Nasdaq: PETX) extended its losses.

SunEdison (NYSE: SUNE) completed three solar panel canopies in Fremont but the stock price fell.

Zacks Equity Research recommended selling Rite Aid (NYSE: RAD).

Freeport-McMoRan (NYSE: FCX) reported positive drilling results from its Horn Mountain Deep well in the Deepwater Gulf of Mexico but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The broader S&P 500 slumped 43 points to 1,888. Bitcoin gained $4 to $237.

Lower open as pending home sales drop

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A 1.4% drop in August pending home sales sent the markets tumbling to a sharply lower open with the Dow plunging 165 points to 16,149. Nasdaq plummeted 75 points to 4,611.

On the upside

Media General (NYSE: MEG) received an unsolicited acquisition offer from Nexstar Broadcasting Group (Nasdaq: NXST).
 
Ballard (Nasdaq: BLDP) will develop and commercialize a fuel cell engine to integrate into low floor trams manufactured by CRRC Qingdao Sifang Company.
 
Shares of Turtle Beach (Nasdaq: HEAR) continued rising.

On the downside

Verastem (Nasdaq: VSTM) stopped enrollment in a Phase 2 registration-directed, double-blind, placebo-controlled study of VS-6063 for patients with mesothelioma.

Huntsman (NYSE: HUN) warned of lower titanium dioxide selling prices and soft demand in the Asia Pacific region.

Energy Transfer Equity (NYSE: ETE) will acquire The Williams Companies (NYSE: WMB) in a deal valued at approximately $37.7 billion.

In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 plunged 23 points to 1,907. Bitcoin gained $5 to $237.

Mixed close as biotechs extend losses

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It was a mixed close for the markets as upbeat earnings lifted the Dow with the blue chip index surging 113 points to 16,314. Nasdaq plummeted 47 points to 4,686 as biotech stocks continued to drop.

On the upside

Prima BioMed (Nasdaq: PBMD) chief executive officer Marc Voigt will present at the LEERINK Partners 4th Annual Rare Disease Roundtable.
 
Shares of EDAP (Nasdaq: EDAP) extended its gains.
 
Marvell Technology (Nasdaq: MRVL) will restructure its mobile platform business.

On the downside

The Food and Drug Administration requested that Fibrocell Science (Nasdaq: FCSC) conduct a toxicology-specific study for FCX-007.

AbbVie (NYSE: ABBV) will not license Galapagos' (Nasdaq: GLPG) JAK1 inhibitor.

Second quarter earnings and revenue for BlackBerry (Nasdaq: BBRY) fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 eased a fraction to 1,931. Bitcoin edged up to $233. 

Gains extended on strong earnings

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The markets extended its gains during the midday with the Dow leaping 226 points to 16,427 as corporate earnings impressed. Nasdaq rose 9 points to 4,743.

On the upside

Expectations for record sales of new iPhones this weekend sent shares of iPhone audio chip supplier Cirrus Logic (Nasdaq: CRUS) soaring.
 
Bloomberg reported that former Performance Sports Group (NYSE: PSG) chair W. Graeme Roustan is exploring a possible transaction to take the company private.
 
2U (Nasdaq: TWOU) priced its public offering if 3.5 million common shares at $34.00 per share.

On the downside

Aratana Therapeutics (NYSE: PETX) said that post-licensing marketing studies of canine lymphoma products AT-004 and AT-005 will not fully capture market opportunities.

Internap (Nasdaq: INAP) forecast third quarter revenue below estimates and trimmed its full year outlook.

Sysorex Global Holdings (Nasdaq: SYRX) will offer common shares through a public offering.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 climbed 19 points to 1,952. Bitcoin edged up to $234. 

Upbeat earnings lift markets

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Upbeat corporate earnings boosted the markets to a higher open with the Dow surging 162 points to 16,364. Nasdaq gained 16 points to 4,751.

On the upside

Jabil Circuit (NYSE: JBL) swung to a better than expected profit for the fourth quarter as revenue rose.
 
Bellerophon Therapeutics (Nasdaq: BLPH) reported upbeat interim results from a Phase 2 long-term extension study of INOplus to treat pulmonary arterial hypertension.
 
Nike (NYSE: NKE) reported higher first quarter earnings and revenue that beat analyst expectations.

On the downside

Pier 1 Imports (NYSE: PIR) disappointed with sharply lower second quarter earnings that fell short of expectations and lowered its full year earnings outlook.

Second quarter earnings slipped for Finish Line (Nasdaq: FINL).

Emerge Energy Services (NYSE: EMES) withdrew its 2015 distribution guidance.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 11 points to 1,943. Bitcoin edged up to $234.
The markets closed lower with the Dow dropping 78 points to 16,201 as durable goods orders fell. Nasdaq lost 18 points to 4,734.

On the upside

Worthington Industries (NYSE: WOR) reported better than expected earnings for the first quarter.
 
Rising gold prices lifted shares of Agnico Eagle Mines (NYSE: AEM).
 
Shares of Banco Bradesco (NYSE: BBD) recovered in late afternoon trading to close modestly higher.

On the downside

Profit taking weighed down shares of WaferGen Bio-systems (Nasdaq: WGBS).

Energy Transfers Equity (NYSE: ETE) revised its offer to acquire Williams Cos. (NYSE: WMB).

SunOpta (Nasdaq: STKL) amended its credit agreement.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 fell 6 points to 1,932. Bitcoin held steady at $232.
New home sales soared to its highest level in nearly eight years but the markets continued to trade in negative territory with the Dow plunging 163 points to 16,116 as durable goods orders dropped. Nasdaq tumbled 46 points to 4,706.

On the upside

A group of lenders hired a law firm to engage in discussions to restructure Peabody Energy's (NYSE: BTU) $6.3 billion debt.
 
Shares of Vascular Biogenics (Nasdaq: VBLT) continued soaring.
 
Rising gold prices lifted shares of Barrick Gold (NYSE: ABX).

On the downside

Sientra (Nasdaq: SIEN) closed its follow-on public offering of 3 million common shares.

Retreating copper prices weighed down shares of Freeport-McMoRan (NYSE: FCX).

Citi analysts cut their price target on Twitter (NYSE: TWTR) from $37 to $30.

In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 tumbled 16 points to 1,922. Bitcoin rose $4 to $233. 
Durable goods orders dropped 2% in August sending the markets tumbling to a sharply lower open with the Dow crashing 242 points to 16,037. Nasdaq plummeted 64 points to 4,688.

On the upside

Arrowhead Research (Nasdaq: ARWR) reported positive data from a Heparc-2001 Phase 2a study of ARC-520 to treat chronic hepatitis B.
 
Clinical data for Capnia's (Nasdaq: CAPN) CoSense was published online in Neonatology and will appear in the January 2016 print edition.
 
Arch Coal (NYSE: ACI) extended its private debt exchange offers.

On the downside

A jury found that Samsung and Google (Nasdaq: GOOG) did not infringe on Pendrell's (Nasdaq: PCO) patents.

Caterpillar (NYSE: CAT) cut its 2015 revenue outlook and will eliminate approximately 5,000 jobs by the end of 2016.

JPMorgan downgraded DigitalGlobe (NYSE: DGI) from an Overweight rating to a Neutral rating.

In the broad market, declining issues outpaced advancers by a margin of 7 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 plunged 22 points to 1,915. Bitcoin added $2 to $231.
Despite a rebound in crude oil prices, the markets closed lower with the Dow falling 50 points to 16,279 as global economic concerns weighed on investors. Nasdaq slipped 3 points to 4,752.

On the upside

Radius Health (Nasdaq: RDUS) will webcast a safety and tolerability update of RAD1901 tomorrow.
 
CTI BioPharma (Nasdaq: CTIC) shareholders approved its 2015 equity incentive plan and amended its 2007 employee stock purchase plan.
 
ViiV Healthcare, a GlaxoSmithKline (NYSE: GSK) and Pfizer (NYSE: PFE) company, reported positive data from a Phase IIIb/IV STRIIVING study evaluating switching from an anti-retroviral therapy to a one-daily, fixed-dose dolute-gravir-based regimen.

On the downside

Shares of Companhia Siderurgica Nacional (NYSE: SID) extended its losses.

Falling crude oil prices weighed down shares of California Resources (NYSE: CRC) and Comstock Resources (NYSE: CRK).

Profit taking weighed down shares of Cemtrex (Nasdaq: CETX).

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 slipped 3 points to 1,938. Bitcoin added $1 to $229. 

Markets mixed as commodities fluctuate

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The markets traded mixed during the midday with the Dow losing 33 points to 16,296 as crude oil prices retreated while gold and silver rose. Nasdaq added 6 points to 4,763.

On the upside

Bloomberg reported that BioMed Realty Trust (NYSE: BMR) was in the process of selling itself.
 
Shares of Conatus Pharmaceuticals (Nasdaq: CNAT) continued rising.
 
Concert Pharmaceuticals (Nasdaq: CNCE) reported positive data from a Phase 1 clinical trial of CTP-656.

On the downside

Rumors circulated that Verizon Communications (NYSE: VZ) may stop using Synchronoss Technologies' (Nasdaq: SNCR) solutions.

Disappointing manufacturing data in China weighed down shares of Alibaba (NYSE: BABA).

Crude oil prices retreated to send shares of Petrobras (NYSE: PBR) lower.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 eased a fraction to 1,942. Bitcoin added $1 to $229.
The markets opened mixed with the Dow slipping 16 points to 16,313 while Nasdaq rose 8 points to 4,764 as crude oil prices edged up.

On the upside

Signal Genetics (Nasdaq: SGNL) entered a Master Service Agreement with a leading biopharmaceutical to deploy the company's MyPRS test to inform the clinical stage development program of a novel treatment for patients with multiple myeloma.
 
Heron Therapeutics (Nasdaq: HRTX) reported positive results from a Phase 2 study of HTX-011 to manage post-surgery pain after bunion removal.
 
First Niagara Financial (Nasdaq: FNFG) retained the services of JPMorgan Chase to explore a possible sale of the company.

On the downside

OncoGenex Pharmaceuticals (Nasdaq: OGXI) reported disappointing results from a Phase 2 Rainier study of apatorsen in combination with ABRAXANE and gemcitabine.

Shares of Freeport-McMoRan (NYSE: FCX) extended its losses.

Investors locked in profits on Weatherford International (NYSE: WFT).

In the broad market, declining issues barely edged out advancers by a slim margin of nearly 10 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 edged up a fraction to 1,943. Bitcoin added $1 to $229.
Concerns about China's economic growth sent the markets tumbling to a sharply lower close with the Dow plummeting 179 points to 16,330. Nasdaq plunged 72 points to 4,756.

On the upside

Cemtrex (Nasdaq: CETX) received multiple orders for its 2500 Multi Gas Analyzer.
 
HD Wainwright initiated coverage of Conatus Pharmaceuticals (Nasdaq: CNAT) with a Buy rating and a price target of $15.
 
Clean Diesel Technologies' (Nasdaq: CDTI) chief technology officer Dr. Steve Golden will give a keynote speech at the 6th Annual Global Congress of Catalysis 2015.

On the downside

Concerns arose that the Federal Trade Commission may block the proposed merger between Office Depot (Nasdaq: ODP) and Staples (Nasdaq: SPLS).

Investors locked in profits on ANI Pharmaceuticals (Nasdaq: ANIP).

Intra-Cellular (NYSE: ITCI) will offer $300 million worth of common stock.

In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 plummeted 24 points to 1,942. Bitcoin added $1 to $228. 

Steep losses extended at midday

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The markets extended its losses during the midday with the Dow collapsing 260 points to 16,249 over concerns about China's economic growth. Nasdaq crashed 100 points to 4,728.

On the upside

Bargain hunters lifted shares of WPCS International (Nasdaq: WPCS).
 
Shares of GoPro (Nasdaq: GPRO) rebounded on bargain hunting.

On the downside

Diplomat Pharmacy (NYSE: DPLO) reported higher second quarter earnings and revenue but the stock price fell.

Shares of DepoMed (Nasdaq: DEPO) extended its losses.

Zacks Equity Research said that Companhia Siderurgica (NYSE: SID) entered overbought territory.
 
Investors continued to lock in profits on GOL Linhas (NYSE: GOL).

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plunged 32 points to 1,934. Bitcoin added $2 to $229. 
The Asian Development Bank cut its growth forecast for China sending the markets tumbling to a sharply lower open with the Dow crashing 227 points to 16,282. Nasdaq plummeted 77 points to 4,751.

On the upside

Weatherford International (NYSE: WFT) cancelled its previously announced stock and notes offering.
 
Shares of Vascular Biogenics (Nasdaq: VBLT) soared again ahead of its presentation at the European Society for Medical Oncology's European Cancer Congress 2015.

On the downside

Investors locked in profits on WaferGen Bio-systems (Nasdaq: WGBS).

Shares of Freeport-McMoRan (NYSE: FCX) fell for a third consecutive session on its plans to offer an additional $1 billion in stock.

Falling commodities prices weighed down shares of Teck Resources (NYSE: TCK).
 
Petrobras (NYSE: PBR) will sell a 49% stake in a natural gas distribution holding company.

In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 plunged 26 points to 1,940. Bitcoin added $2 to $229.

Climbing crude oil prices lift markets

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Climbing crude oil prices boosted the markets to a higher close with the Dow surging 125 points to 16,510. Nasdaq added a point to 4,828.

On the upside

Shares of Lakeland Industries (Nasdaq: LAKE) continued to soar.
 
WaferGen Bio-systems (Nasdaq: WGBS) stock nearly doubled on no news.

Starwood Waypoint Residential Trust (NYSE: SWAY) will merge with Colony American Homes in an all stock transaction valued at approximately $1.5 billion.
 
On the downside

Democratic presidential candidate Hillary Rodham Clinton retweeted a New York Times article about price gouging by Turing Pharmaceutical, whose founder also started Retrophin (Nasdaq: RTRX).

Morgan Stanley analyst Matthew Harrison downgraded Immunogen (Nasdaq: IMGN) from an Equal Weight rating to an Underweight rating.

BMO Capital Markets lowered its price target on Merck (NYSE: MRK) from $70 to $66.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while decliners barely edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 gained 8 points to 1,966. Bitcoin slipped $3 to $226. 
The markets retreated from early morning highs to trade mixed during the midday with the Dow climbing 80 points to 16,465 after Democratic presidential candidate Hillary Rodham Clinton announced an upcoming proposal to control the cost of prescription drugs. Nasdaq slipped 2 points to 4,824.

On the upside

Barron's wrote that Medallion Financial (Nasdaq: TAXI) was oversold.
 
The Copyright Office affirmed the admissibility of Pandora Media's (NYSE: P) agreement with Merlin in the Copyright Royalty Board proceedings.

Shares of Vascular Biogenics (Nasdaq: VBLT) extended its gains.
 
On the downside

Barron's wrote that strong competition from Apple (Nasdaq: AAPL) could send shares of GoPro (Nasdaq: GPRO) plummeting.

Tribune Publishing (NYSE: TPUB) cut its full year revenue guidance.

Netflix (Nasdaq: NFLX) disappointed with only four Emmy wins last night on 34 nominations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE while decliners barely edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 6 points to 1,964. Bitcoin slipped $2 to $227. 

Bargain hunters lift markets

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The markets opened sharply higher with the Dow soaring 122 points to 16,507 as investors snapped up bargains. Nasdaq climbed 34 points to 4,862.

On the upside

Atmel (Nasdaq: ATML) will be acquired by Dialog Semiconductor in a cash and stock deal valued at approximately $4.6 billion.
 
Shares of Yahoo (Nasdaq: YHOO) climbed after Alibaba's (NYSE: BABA) lockup period ended.

Shares of Plug Power (Nasdaq: PLUG) continued rising.
 
On the downside

Weatherford International (NYSE: WFT) will offer $1 billion in common stock and exchangeable subordinated notes.

Shares of Freeport-McMoRan (NYSE: FCX) extended its losses.

Rite Aid (NYSE: RAD) stock continued to slip.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 gained 11 points to 1,969. Bitcoin slipped $2 to $227.
Fears that the global economy continues to be weak sent the markets tumbling to a sharply lower close with the Dow crashing 290 points to 16,384. Nasdaq collapsed 56 points to 4,837.

On the upside

Versartis (Nasdaq: VSAR) announced additional data from an ongoing extension study of somavaratan in pre-puberal GHD children.
 
Shares of Applied DNA Sciences (Nasdaq: APDN) continued climbing.
 
On the downside

Shares of Bonanza Creek Energy (NYSE: BCEI) fell as crude oil prices tumbled.

Sprint (NYSE: S) will expand roaming to Cuba but the stock price slipped.

Summit Research analyst Srini Sundararajan upgraded Micron Technology (NYSE: MU) to a Buy rating but the stock price fell.

A Ford (NYSE: F) factory in Brazil will cut worker hours by 20%.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 plummeted 32 points to 1,958. Bitcoin eased a fraction to $231.

Rate uncertainty sinks stocks

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The Federal Reserve's decision to hold interest rates steady left investors uncertain about future rate hikes. The markets extended its losses during the midday with the Dow collapsing 265 points to 16,409. Nasdaq plummeted 56 points to 4,837.

On the upside

Vascular Biogenics (Nasdaq: VBLT) will present Phase 2 data for its VB-111 in combination with Bevacizumab at the European Society for Medical Oncology's European Cancer Congress 2015 next week.
 
AbbVie (NYSE: ABBV) will open a new research facility in Cambridge.
 
Shares of Cablevision Systems (NYSE: CVC) rose again.

On the downside

Sientra (Nasdaq: SIEN) priced its follow-on public offering of 3 million common shares at the discounted price of $22 per share.

Shares of ImmunoGen (Nasdaq: IMGN) fell after hosting an analyst and investor event this morning.

Falling crude oil prices weighed down shares of Petrobras (NYSE: PBR).

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 plunged 24 points to 1,965. Bitcoin eased a fraction to $231.
Concerns about the global economy sent the markets tumbling to a sharply lower open with the Dow plummeting 248 points to 16,426. Nasdaq plunged 48 points to 4,845.

On the upside

AK Steel (NYSE: AKS) forecast a smaller than expected loss for the third quarter.
 
Kinross Gold (NYSE: KGC) lowered its 2015 all-in sustaining cost, cost of sales and capital expenditure guidance.
 
Tracon Pharmaceuticals (Nasdaq: TCON) reported positive results from an ongoing compassionate use Phase 2 clinical trial of TRC105.

On the downside

La Quinta Holdings (NYSE: LQ) chief executive Wayne Goldberg resigned and the company lowered its full year outlook.

Freeport-McMoRan (NYSE: FCX) completed its $1 billion common stock offering and filed to sell up to $1 billion in additional shares.

Parsley Energy (NYSE: PE) priced its public offering of 13 million common shares at the discounted price of $15 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by more than 6 to 1 on Nasdaq. The broader S&P 500 plunged 24 points to 1,966. Bitcoin eased a fraction to $231. 

Rates unchanged, markets close mixed

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The markets closed mixed with the Dow falling 65 points to 16,674 even as the Federal Reserve held interest rates steady. Nasdaq rose 4 points to 4,893.

On the upside

Sequenom (Nasdaq: SQNM) entered a national agreement with UnitedHealthcare Insurance to provide the MaterniT21 PLUS HerediT CF Carrier Screen and the HerediT UNIVERSAL Carrier Screen tests.
 
TheStreet identified Athersys (Nasdaq: ATHX) as one of five breakout stocks that is set to soar.
 
Rising gold prices lifted shares of Barrick Gold (NYSE: ABX).

On the downside

Shares of Tableau Software (NYSE: DATA) dropped after Oracle (NYSE: ORCL) warned of falling revenue.

Bank of America (NYSE: BAC) warned of lower third quarter trading revenue.

Pacific Crest Securities analyst Andy Hargreaves said that Apple (Nasdaq: AAPL) iPhone 6S sales expectations are unrealistically high.

In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 5 points to 1,990. Bitcoin rose $4 to $232.
The markets traded higher during the midday with the Dow gaining 55 points to 16,795 as first time applications for unemployment benefits fell. Nasdaq climbed 23 points to 4,913.

On the upside

TG Therapeutics (Nasdaq: TGTX) announced a special protocol agreement with the Food and Drug Administration for the design of a Phase 3 clinical trial for TG-1101 in combination with TGR-1202 to treat chronic lymphocytic leukemia.
 
Vaalco Energy (NYSE: EGY) brought the North Tchibala 1-H well online with a production rate of more than 3,000 gross barrels of oil per day.
 
Amazon (Nasdaq: AMZN) selected Shopify (NYSE: SHOP) as a preferred provider to help Amazon Webstore merchants grow their online business.

On the downside

CLARCOR (NYSE: CLC) disappointed with lower third quarter earnings and revenue that missed analyst expectations prompting the company to lower its full year outlook.

Wolverine World Wide (NYSE: WWW) warned that third quarter revenue would fall short of expectations.

Oracle (NYSE: ORCL) reported lower first quarter earnings and revenue.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 6 points to 2,001. Bitcoin rose $5 to $233.

Mixed open as jobless claims drop

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A drop in jobless claims raised concerns that the Federal Reserve would increase interest rates. The markets opened mixed with the Dow slipping 11 points to 16,728 while Nasdaq gained 8 points to 4,897.

On the upside

Altice will acquire Cablevision System (NYSE: CVC) in a deal valued at approximately $17.7 billion including the assumption of debt.
 
Aerie Pharmaceuticals (Nasdaq: AERI) reported positive results from a Phase 3 trial of Rhopressa to treat glaucoma.
 
WaferGen Bio-systems (Nasdaq: WGBS) presented positive results from its Single-Cell System at the Single Cell Genomics Conference.

On the downside

Rite Aid (NYSE: RAD) disappointed with sharply lower second quarter earnings and trimmed its full year drugstore sales forecast.

Peabody Energy (NYSE: BTU) announced a 1-for-15 reverse stock split.

Shares of Terex (Nasdaq: TEX) fell after Konecranes cut is 2015 outlook. Terex will merge with Konecranes in an all-stock transaction.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 held steady at 1,995. Bitcoin added $2 to $229.
Crude oil prices rebounded sending the markets soaring to close higher with the Dow leaping 140 points to 16,739. Nasdaq gained 28 points to 4,889.

On the upside

Crude oil prices soared to lift shares of Denbury Resources (NYSE: DNR) and Petrobras (NYSE: PBR).
 
Hewlett-Packard (NYSE: HPQ) will eliminate 33,000 jobs over three years as part of its restructuring plan.
 
Shares of Collegium Pharmaceutical (Nasdaq: COLL) surged again.

On the downside

Idera Pharmaceuticals (Nasdaq: IDRA) presented preclinical data for IMO-2125 to treat cancer.

Sigma Designs (Nasdaq: SIGM) vice president and general manager of Home Multimedia Business Unit Mustafa Ozgen resigned.

Frontier Communications (Nasdaq: FTR) offered a one-year membership to Amazon Prime if customers ordered new high speed Internet service.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 climbed 17 points to 1,995. Bitcoin slipped $1 to $227.

Markets advance as Fed meets

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The markets advanced during the midday with the Dow soaring 93 points to 16,693 as the Federal Reserve opened its two-day policy meeting. Nasdaq rose 12 points to 4,873.

On the upside

Matador Resources (NYSE: MTDR) will sell a wholly owned subsidiary with natural gas gathering and processing assets in Loving County, Texas.
 
MaxLinear (NYSE: MXL) lifted its third quarter revenue guidance.
 
Xencor (Nasdaq: XNCR) entered a strategic alliance with Amgen (Nasdaq: AMGN) to develop and commercialize therapeutics in cancer immunotherapy and inflammation.

On the downside

Shares of Rambus (Nasdaq: RMBS) extended its losses.

Moody's downgraded Sprint's (NYSE: S) credit rating from B1 to B3.

Mirati Therapeutics (Nasdaq: MRTX) priced its public offering of 2.25 million common shares at the discounted price of $45 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 12 points to 1,990. Bitcoin eased a fraction to $227.

Rising crude oil prices lift markets

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Rising crude oil prices lifted the markets to a higher open with the Dow gaining 30 points to 16,630. Nasdaq held steady at 4,860.

On the upside

Intra-Cellular Therapies (Nasdaq: ITCI) reported positive results from a Phase 3 clinical trial of ITI-003 to treat patients with schizophrenia.
 
OMRON will acquire Adept Technology (Nasdaq: ADEP) for a premium of approximately $200 million.
 
Shares of Molson Coors Brewing (NYSE: TAP) continued soaring.

On the downside

Newpark Resources (NYSE: NR) announced a new  ultra-deepwater contract offshore Uruguay and modified its stock repurchase program but the stock price fell.

Profit taking weighed down shares of Amicus Therapeutics (Nasdaq: FOLD).

Paycom Software (NYSE: PAYC) announced a secondary offering of 4.5 million common shares at the discounted price of $37.95 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 added 4 points to 1,982. Bitcoin eased a fraction to $227.

Markets soar ahead of Fed meeting

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The markets surged to a sharply higher close with the Dow jumping 228 points to 16,599 ahead of the Federal Reserve policy meeting. Nasdaq leaped 54 points to 4,860.

On the upside

TheStreet noted that Real Goods Solar (Nasdaq: RGSE) was one of three stocks under $10 that was breaking out with strong upside potential.
 
Zacks Equity Research identified AxoGen (NYSE: AXGN) as an impressive momentum stock.
 
Netflix (Nasdaq: NFLX) will release third quarter results on Wednesday, October 14, 2015.

On the downside

Unilife (Nasdaq: UNIS) widened losses for the fourth quarter.

Shares of Energy Focus (Nasdaq: EFOI) continued falling.

Host Hotels & Resorts (NYSE: HST) stock price dropped again.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 leaped 25 points to 1,978. Bitcoin slipped $1 to $228.

Upbeat retail sales boost markets

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The markets soared during the midday with the Dow leaping 240 points to 16,608 on upbeat retail sales. Nasdaq surged 52 points to 4,858.

On the upside

Gray Television (NYSE: GTN) will acquire all the television and radio stations of Schurz Communications for approximately $442.5 million.
 
The 2016 Cadillac ATS and CTS sedans will include as a standard feature Continental Automotive Systems' Maxwell Technologies (NYSE: MXWL) powered voltage stabilization system.
 
Shares of Advaxis (Nasdaq: ADXS) continued climbing.

On the downside

Versartis (Nasdaq: VSAR) modified its ongoing Phase 3 registration trial of somavaratan.

Stifel Nicolaus analyst John Baugh downgraded Conns (Nasdaq: CONN) from a Buy rating to a Hold rating.

Arch Coal (NYSE: ACI) has been unsuccessful in negotiating a debt exchange with its creditors.

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 leaped 24 points to 1,977. Bitcoin eased a fraction to $228. 

Higher open as retail sales rise

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August retail sales rose 0.2% to lift the markets to a higher open with the Dow soaring 109 points to 16,480. Nasdaq climbed 26 points to 4,832.

On the upside

Evoke Pharma's (Nasdaq: EVOK) Phase 3 clinical trial design for EVK-001 is consistent with the Food and Drug Administration's recommendations.
 
SunEdison (NYSE: SUNE) will begin construction on the a 2.7 megawatt DC community solar project in Massachusetts.
 
GW Pharmaceuticals (Nasdaq: GWPH) reported positive results from an exploratory Phase 2a clinical trial of Cannabidiol in schizophrenia patients.

On the downside

XenoPort (Nasdaq: XNPT) reported positive results from a Phase 2 clinical trial of its psoriasis treatment XP23829 but the stock price fell.

Sonic (Nasdaq: SONC) reported system-wide same-store sales growth of 7.3% for fiscal 2015 but forecast 2%-4% growth for fiscal 2016.

Shares of Raptor Pharmaceuticals (Nasdaq: RPTP) continued falling.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 8 points to 1,961. Bitcoin held steady at $229.

Lower close as crude oil prices slip

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Retreating crude oil prices weighed the markets down to a lower close with the Dow falling 62 points to 16,370. Nasdaq lost 16 points to 4,805.

On the upside

Wyoming regulators granted the renewal of two permit applications that were submitted by Arch Coal (NYSE: ACI).
 
Shares of Itau Unibanco Holding (NYSE: ITUB) rose after the Brazilian government announced that it was developing an austerity plan to eliminate a projected budget deficit.
 
Bloomberg reported that Chico's FAS (NYSE: CHS) may be acquired.

On the downside

Shares of Bill Barret (NYSE: BBG) fell on lower crude oil prices.

Alcoa (NYSE: AA) will idle its Suralco refinery.

Yahoo (Nasdaq: YHOO) chief marketing officer Kathy Savitt resigned her position in order to join STX Entertainment.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 fell 8 points to 1,953. Bitcoin added $1 to $229.

Drop in Asian markets weigh down stocks

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The markets traded lower during the midday with the Dow losing 60 points to 16,373 as Asian markets dropped. Nasdaq fell 15 points to 4,806.

On the upside

A Food and Drug Administration advisory committee unanimously recommended approval of Collegium Pharmaceutical's (Nasdaq: COLL) abuse-deterrent pain treatment Xtampza.
 
Trevena (Nasdaq: TRVN) will raise funds through the issuance and sale of 6.5 million common shares.
 
Chesapeake Energy (NYSE: CHK) chief executive Doug Lawler assured investors that the company will maximize liquidity and cash generation.

On the downside

SunEdison (NYSE: SUNE) partnered with SOLON to provide Pima County, Arizona, with 5 megawatts of solar power but the stock price fell.

Retreating copper prices weighed down shares of Freeport-McMoRan (NYSE: FCX).

Northland Capital slashed its price target on Marvell Technology (Nasdaq: MRVL) from $15 to $9.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 lost 6 points to 1,954. Bitcoin rose $2 to $230. 

Lower open as OPEC cuts forecast

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The markets opened lower with the Dow falling 63 points to 16,370 after OPEC cut its oil production forecast for non-member states. Nasdaq lost 16 points to 4,806.

On the upside

Vista Equity Partners will pay a premium of approximately $3.74 billion in cash to acquire Solera Holdings (NYSE: SLH).
 
Apple (Nasdaq: AAPL) said that new iPhone sales would surpass last year's first weekend record of 10 billion units.
 
Bargain hunters lifted shares of GoPro (Nasdaq: GPRO).

On the downside

Raptor Pharmaceuticals (Nasdaq: RPTP) reported disappointing results from a Phase 2b CyNCh study of RP103 in children with biopsy-confirmed nonalcoholic steatohepatits.

Cowen & Co. downgraded TimkenSteel (NYSE: TMST) from an Outperform rating to a Market Perform rating and slashed its price target from $28 to $12.

Barron's weekend cover story said that Alibaba (NYSE: BABA) would likely drop an additional 50%.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 fell 8 points to 1,952. Bitcoin added $1 to $229.
The markets closed sharply higher with the Dow soaring 102 points to 16,433 as the nation's budget deficit fell. Nasdaq gained 26 points to 4,822.

On the upside

Mirati Therapeutics (Nasdaq: MRTX) will present data on MGCD516 at the European Society for Medical Oncology 2015 European Cancer Congress.
 
Aceto (Nasdaq: ACET) reported sharply higher fourth quarter earnings as revenue rose.
 
Shake Shack (NYSE: SHAK) announced a limited time Carpetbagger burger that will be available on September 19.

On the downside

Second quarter earnings and revenue fell for Cherokee Global Brands (Nasdaq: CHKE).

Shares of Orexigen Therapeutics (Nasdaq: OREX) extended its losses.

Falling crude oil prices weighed down shares of Basic Energy Services (Nasdaq: BAS).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 gained 8 points to 1,961. Bitcoin eased a fraction to $238.

Rate speculation lifts markets

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Weak economic data renewed hope that the Federal Reserve will hold interest rates steady sending the markets higher during the midday with the Dow gaining 62 points to 16,392. Nasdaq added 8 points to 4,804.

On the upside

Akebia Therapeutics (Nasdaq: AKBA) named Teresa Compton, PhD. to the position of Senior Vice President and Chief Scientific Officer, Ramin Farzaneh-Far, MD to the position of Vice President of Medical Research and Ed Joyce to the position of Vice President, Investor Relation and Corporate Communication.
 
Violin Memory (Nasdaq: VMEM) installed and deployed its 7300 Flash Storage Platform in the San Francisco 49ers data center.
 
Bargain hunters lifted shares of XPO Logistics (NYSE: XPO).

On the downside

Shares of Avon Products (NYSE: AVP) extended its losses.

Zumiez (Nasdaq: ZUMZ) disappointed with sharply lower second quarter earnings and the company forecast current quarter results below analyst estimates.

Second quarter earnings for Mattress Firm Holding (Nasdaq: MFRM) fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 rose 3 points to 1,955. Bitcoin eased a fraction to $238.

Lower open on flat producer prices

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The markets opened lower with the Dow losing 38 points to 16,292 on flat producer prices. Nasdaq fell 22 points to 4,774.

On the upside

Siris Capital Group will pay a premium of approximately $1 billion in cash to acquire Premiere Global Services (NYSE: PGI).
 
Shares of Vivus (Nasdaq: VVUS) extended its gains.
 
Arrowhead Research (Nasdaq: ARWR) nominated ARC-HIF2 as its first therapeutic candidate delivered using a new Dynamic Polyconjugate.

On the downside

Marvell Technology Group (Nasdaq: MRVL) initiated an investigation into certain accounting and internal control matters and reported a preliminary loss for the second quarter.

Energy Focus (Nasdaq: EFOI) priced its follow-on offering of common stock at the discounted price of $17.00 per share.

Finisar (Nasdaq: FNSR) chief executive Eitan Gertel resigned and the company reported first quarter results that fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 fell 7 points to 1,945. Bitcoin eased a fraction to $238.

Drop in jobless claims lift markets

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A drop in first time applications for unemployment benefits lifted the markets to a higher close with the Dow climbing 76 points to 16,330. Nasdaq gained 39 points to 4,796.

On the upside

A drop in Brazil's currency sparked speculation that Vale (NYSE: VALE) would be able to increase sales overseas.
 
Apple (Nasdaq: AAPL) introduced the iPad mini 4, the iPad Pro and the iPhone 6S and 6S Plus at the Apple iPhone event yesterday.
 
Bargain hunters lifted shares of RCS Capital (NYSE: RCAP).

On the downside

Investors locked in profits on Nexvet Biopharma (Nasdaq: NVET).

The Wall Street Journal reported that Avon (NYSE: AVP) engaged in discussions for a possible private equity investment but the stock price fell.

Janney Capital Markets initiated coverage of SunEdison (NYSE: SUNE) with a Buy rating and a price target of $23 but the stock price dropped.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 gained 10 points to 1,952. Bitcoin edged up a fraction to $237.

Markets soar as jobless claims fall

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The markets surged higher during the midday with the Dow soaring 127 points to 16,380 as jobless claims dropped. Nasdaq climbed 47 points to 4,806.

On the upside

The National Institutes of Health's Recombinant DNA Advisory Committee unanimously approved Sangamo Biosciences' (Nasdaq: SGMO) ZFP Therapeutic Phase 1 study protocol.
 
Rumors that ZS Pharma (Nasdaq: ZSPH) may be acquired lifted shares of the company.
 
Rising copper prices lifted shares of Freeport-McMoRan (NYSE: FCX).

On the downside

Sigma Designs (Nasdaq: SIGM) swung to a profit for the second quarter as revenue climbed but the stock price fell.

Basic Energy Services (NYSE: BAS) reported a sharply lower rig utilization rate for August.

Shares of Akebia Therapeutics (Nasdaq: AKBA) continued falling.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 climbed 16 points to 1,958. Bitcoin edged up a fraction to $237.
First time applications for unemployment benefits fell last week but the markets opened lower with the Dow losing 29 points to 16,223 over rate hike concerns. Nasdaq slipped 2 points to 4,754.

On the upside

Ericsson (Nasdaq: ERIC) will pay a premium of approximately $125 million in cash to acquire Envivio (Nasdaq: ENVI).
 
Con-way (NYSE: CNW) will be acquired by XPO (NYSE: XPO) in a transaction valued at approximately $3.0 billion including the assumption of debt.
 
Orexigen Therapeutics (Nasdaq: OREX) sold $60 million worth of common stock and warrants to The Baupost Group.

On the downside

Lululemon Athletica (Nasdaq: LULU) reported higher second quarter earnings and revenue but the company forecast current quarter results below estimates.

Krispy Kreme Doughnuts (NYSE: KKD) disappointed with second quarter earnings and revenue that fell short of expectations and forecast full year earnings below estimates.

American Midstream Partners (NYSE: AMID) priced its public offering of 7.5 million common units at the discounted price of $11.31 per common unit.

In the broad market, advancing issues were on par with decliners on the NYSE while advancers edged out decliners by 9 to 7 on Nasdaq. The broader S&P 500 slipped 2 points to 1,939. Bitcoin added $2 to $239.

Crude oil prices drop, markets tumble

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Crude oil prices dropped to send the markets tumbling to a sharply lower close with the Dow skidding 239 points to 16,253. Nasdaq plunged 55 points to 4,756.

On the upside

Dave & Buster's Entertainment (Nasdaq: PLAY) reversed year ago losses to post a greater than expected profit for the second quarter as revenue climbed prompting the company to lift its full year revenue forecast.
 
Federal mediators asked Republic Airways Holdings (Nasdaq: RJET) and the airliner's pilots union to meet on September 16.
 
TRC Companies (NYSE: TRR) reported higher fourth quarter earnings and revenue.

On the downside

Investors locked in profits on SunEdison (NYSE: SUNE).

Second quarter revenue for The Men's Wearhouse (NYSE: MW) fell to miss expectations.

Retreating crude oil prices weighed down shares of Whiting Petroleum (NYSE: WLL).

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 plunged 27 points to 1,942. Bitcoin fell $5 to $237.
The markets retreated during the midday with the Dow falling 58 points to 16,434 even as job openings climbed. Nasdaq slipped 2 points to 4,809.

On the upside

WaferGen Bio-systems (Nasdaq: WGBS) will present data from the company's single-cell analysis system at the Single Cell Genomics Conference on September 16.
 
Clovis Oncology (Nasdaq: CLVS) presented data related to its TIGER-X trials measuring the effectiveness of rociletinib in patients with non-small cell lung cancer.
 
KeyBanc Capital Markets slashed its price target on Alibaba (NYSE: BABA) from $94 to $80 but the stock price rose.

On the downside

Barnes & Noble (NYSE: BKS) widened losses for the first quarter as revenue slipped.

Theravance (Nasdaq: THRX) extended its losses.

Falling crude oil prices weighed down shares of Marathon Oil (NYSE: MRO).

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 slipped 4 points to 1,964. Bitcoin lost $3 to $238.

Higher open on surge in Asian markets

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Sharp gains in Asian markets lifted domestic markets to a higher open with the Dow climbing 61 points to 16,554. Nasdaq advanced 21 points to 4,833.

On the upside

Akebia Therapeutics (Nasdaq: AKBA) reported positive results from a Phase 2 study of vadadustat in dialysis patients with anemia related to chronic kidney disease.
 
Vitae Pharmaceuticals (Nasdaq: VTAE) announced positive results from a Phase 1 clinical study of VTP-43742 in autoimmune disorders.
 
Netflix (Nasdaq: NFLX) will launch its streaming service in South Korea, Singapore, Hong Kong and Taiwan in early 2016.

On the downside

Tetraphase Pharmaceuticals (Nasdaq: TTPH) reported disappointing results from an IGNITE2 phase 3 clinical trial of eravacycline to treat complicated urinary tract infections.

Hovnanian Enterprises (NYSE: HOV) fell to a loss for the third quarter.

Flexion Therapeutics' (Nasdaq: FLXN) pain treatment FX006 failed to reach statistical significance at the primary endpoint of its Phase 2b clinical trial.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 7 points to 1,976. Bitcoin lost $4 to $238.
Optimism that the Chinese government will enact additional stimulus measures in order to boost its sagging economy sent the markets soaring to a sharply higher close with the Dow rocketing 390 points to 16,492. Nasdaq leaped 128 points to 4,811.

On the upside

Willbros Group (NYSE: WG) president and chief operating officer Michael J. Fournier will present at the D.A. Davidson's 14th Annual Engineering & Construction Conference on Friday, September 11, 2015.
 
MKM Partners upgraded Micron Technology (Nasdaq: MU) from a Neutral rating to a Buy rating.
 
European Union regulators approved General Electric's (NYSE: GE) proposed $14 billion acquisition of Alstom's power unit.

On the downside

Alibaba Group (NYSE: BABA) cut its gross merchandise volume for the second quarter.

GlaxoSmithKline (NYSE: GSK) and Theravance (Nasdaq: THRX) reported disappointing results from their SUMMIT in chronic obstructive pulmonary disease.

Citigroup analyst William Katz downgraded RCS Capital (NYSE: RCAP) from a Buy rating to a Neutral rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 leaped 48 points to 1,969. Bitcoin added $3 to $243.
Investors are hopeful that the Chinese government will enact additional stimulus measure. The markets advanced during the midday with the Dow jumping 300 points to 16,402. Nasdaq surged 93 points to 4,777.

On the upside

Freeport-McMoRan (NYSE: FCX) retained the services of JPMorgan Chase to explore strategic options.
 
SunEdison (NYSE: SUNE) will pay approximately $300 million to acquire a 33% stake in Dominion's (NYSE: D) 425 megawatts of solar generating capacity.
 
Strategic Hotels & Resorts (NYSE: BEE) will be acquired by Blackstone Group for a premium of approximately $4 billion in cash.

On the downside

Chinese coal imports tumbled 17.7% in August sending shares of Arch Coal (NYSE: ACI) plummeting.

Investors locked in profits on KaloBios Pharmaceuticals (Nasdaq: KBIO).

Shares of Netflix (Nasdaq: NFLX) dropped again.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 7 to 2 on Nasdaq. The broader S&P 500 soared 35 points to 1,956. Bitcoin added $3 to $242. 
China's imports dropped sharply last month but the markets soared with the Dow leaping 294 points to 16,397 in anticipation of additional stimulus measures from the Chinese government. Nasdaq jumped 94 points to 4,778.

On the upside

Capnia (Nasdaq: CAPN) acquired substantially all assets from pulmonary resuscitation solutions developer NeoForce Group.
 
TECO Energy (NYSE: TE) will be acquired by Emera for a premium of approximately $6.48 billion.
 
The Food and Drug Administration granted Nanosphere (Nasdaq: NSPH) 510(k) clearance for its Verigene(R) Respiratory Pathogens Flex Nucleic Acid Test.

JD.com (Nasdaq: JD) will repurchase up to $1 billion worth of American Depositary Shares over the next two years.

Chesapeake Energy (NYSE: CHK) entered new gas gathering agreements with Williams Companies (NYSE: WMB) in the Haynesville Shale and dry gas Utica Shale operating areas.

On the downside

Retreating crude oil prices weighed down shares of Denbury Resources (NYSE: DNR).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 surged 34 points to 1,955. Bitcoin added $4 to $244.

U.S markets closed

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U.S. markets are closed for Labor Day.
Concerns that interest rates may rise sent the markets tumbling to a sharply lower close with the Dow collapsing 272 points to 16,102. Nasdaq plunged 49 points to 4,683.

On the upside

Shares of KaloBios Pharmaceuticals (Nasdaq: KBIO) continued soaring.
 
On the downside

Lower crude oil prices weighed down shares of Freeport-McMoRan (NYSE: FCX).
 
Shares of Netflix (Nasdaq: NFLX) extended its losses.

Petrobras (NYSE: PBR) will eliminate chauffeured cars, office parties and overseas training programs in an effort to save $12 billion.

General Electric (NYSE: GE) received several bids for its Japanese finance unit from Japanese banks but the stock price fell.

Shares of OncoGenex Pharmaceuticals (Nasdaq: OGXI) fell again.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 plunged 29 points to 1,921. Bitcoin rose $2 to $228.

Interest rate uncertainty sinks stocks

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Uncertainty about interest rates sent the markets into a tailspin during the midday with the Dow crashing 291 points to 16,083. Nasdaq plummeted 56 points to 4,676.

On the upside

RBC Capital Markets upgraded Rayonier Advanced Materials (NYSE: RYAM) from a Sector Perform rating to an Outperform rating.
 
Jefferies slashed its price target on Joy Global (Nasdaq: JOY) from $34 to $20 but the stock price rose.

Shares of Trevana (Nasdaq: TRVN) climbed again.

On the downside

Falling copper prices weighed down shares of Teck Resources (NYSE: TCK).
 
Stereotaxis (Nasdaq: STXS) will conduct a registered offering of subscription warrants.

Shares of BP (NYSE: BP) fell as crude oil price slipped.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 plunged 32 points to 1,918. Bitcoin rose $2 to $228.

Rate hike fears send markets tumbling

|
A drop in the nation's unemployment rate sparked concerns of an interest rate increase. The markets opened sharply lower with the Dow plummeting 252 points to 16,122. Nasdaq tumbled 38 points to 4,695.

On the upside

Bargain hunters lifted shares of Ariad Pharmaceuticals (Nasdaq: ARIA).
 
BlackBerry (Nasdaq: BBRY) will pay approximately $425 million in cash to acquire Good Technology.

On the downside

Vince (NYSE: VNCE) fell to a greater than expected loss for the second quarter prompting the company to lower its full year guidance.
 
UTi Worldwide (Nasdaq: UTIW) widened losses as revenue fell.

Shares of Arch Coal (NYSE: ACI) continued falling.

Infoblox (NYSE: BLOX) reported a loss for the fourth quarter and forecast current quarter earnings below expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 plunged 24 points to 1,926. Bitcoin added $1 to $227.

Mixed close as jobless claims rise

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Despite a drop in the nation's trade deficit, the markets closed mixed with the Dow rising 23 points to 16,374 as jobless claims rose more than expected. Nasdaq lost 16 points to 4,733.

On the upside

NCI Building Systems (NYSE: NCI) reported higher third quarter earnings that topped analyst estimates.
 
Third quarter earnings for Greif (NYSE: GEF) surpassed expectations prompting the company to lift its full year earnings outlook.

Bargain hunters lifted shares of Navistar International (NYSE: NAV).

On the downside

Shares of Ambarella (Nasdaq: AMBA) continued falling.
 
TheStreet's Adam Feuerstein expects the Food and Drug Administration to approve Biomarin's (Nasdaq: BMRN) Duchenne muscular dystrophy treatment drisapersen instead of Sarepta Therapeutics' (Nasdaq: SRPT) eteplirsen.

Third quarter earnings and revenue for Calavo Growers (Nasdaq: CVGW) fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1,951. Bitcoin slipped $2 to $225.

Mixed close as jobless claims rise

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Despite a drop in the nation's trade deficit, the markets closed mixed with the Dow rising 23 points to 16,374 as jobless claims rose more than expected. Nasdaq lost 16 points to 4,733.

On the upside

NCI Building Systems (NYSE: NCI) reported higher third quarter earnings that topped analyst estimates.
 
Third quarter earnings for Greif (NYSE: GEF) surpassed expectations prompting the company to lift its full year earnings outlook.

Bargain hunters lifted shares of Navistar International (NYSE: NAV).

On the downside

Shares of Ambarella (Nasdaq: AMBA) continued falling.
 
TheStreet's Adam Feuerstein expects the Food and Drug Administration to approve Biomarin's (Nasdaq: BMRN) Duchenne muscular dystrophy treatment drisapersen instead of Sarepta Therapeutics' (Nasdaq: SRPT) eteplirsen.

Third quarter earnings and revenue for Calavo Growers (Nasdaq: CVGW) fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1,951. Bitcoin slipped $2 to $225.

Drop in trade deficit lifts markets

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A drop in the nation's trade deficit lifted the markets higher during the midday with the Dow climbing 98 points to 16,449. Nasdaq rose 14 points to 4,764.

On the upside

Pericom Semiconductor (Nasdaq: PSEM) will be acquired by Diodes (Nasdaq: DIOD) in an all cash deal valued at approximately $400 million.
 
Methode Electronics (NYSE: MEI) reported higher first quarter earnings that surpassed analyst expectations.

Lannett (NYSE: LCI) will pay approximately $1.23 billion to acquire Kremers Urban Pharmaceuticals.

On the downside

Investors locked in profits on Trevana (Nasdaq: TRVN).
 
Catalent (NYSE: CTLT) reported sharply higher fourth quarter earnings that topped estimates but the stock price fell.

Hulu's announcement that it would offer an ad-free streaming service sent shares of Netflix (Nasdaq: NFLX) tumbling.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 12 points to 1,961. Bitcoin slipped $2 to $225.

Higher open as trade deficit narrows

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The nation's trade deficit narrowed in July to lift the markets to a higher open with the Dow surging 151 points to 16,503. Nasdaq leaped 35 points to 4,785.

On the upside

Verizon's (NYSE: VZ) AOL will pay a premium of approximately $250 million to acquire Millennial Media (NYSE: MM).
 
The New England Journal of Medicine will publish two papers demonstrating the effectiveness of Geron's (Nasdaq: GERN) imetelstat.

UniPixel (Nasdaq: UNXL) delivered samples to a new touch panel integration partner for a prospective new Tier 1 PC OEM client.

On the downside

Joy Global (NYSE: JOY) disappointed with sharply lower third quarter earnings that fell short of expectations prompting the company to lower its full year outlook.
 
Five Below (NYSE: FIVE) reported lower second quarter earnings and forecast current quarter results below expectations.

Third quarter earnings rose for Ciena (NYSE: CIEN) but revenue slipped to fall short of estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 surged 21 points to 1,970. Bitcoin eased a fraction to $226.
The markets rebounded from yesterday's collapse to close sharply higher with the Dow rocketing 292 points to 16,351. Nasdaq leaped 113 points to 4,749.

On the upside

Reuters reported that Puerto Rico's Electric Power Authority restructured its debt sending shares of MBIA (NYSE: MBI) higher.
 
Bargain hunters lifted shares of Arch Coal (NYSE: ACI).

Zacks Equity Research added AAC Holdings (NYSE: AAC) to its Zacks Rank #1 Strong Buy list.

On the downside

AeroVironment (Nasdaq: AVAV) widened first quarter losses more than expected.
 
Shares of Chesapeake Energy (NYSE: CHK) fell as crude oil inventories rose.

Investors locked in profits on Forward Industries (Nasdaq: FORD).

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 soared 35 points to 1,948. Bitcoin added $1 to $227.
The markets traded sharply higher during the midday with the Dow surging 171 points to 16,229 as worker productivity climbed. Nasdaq soared 50 points to 4,686.

On the upside

Synergetics USA (Nasdaq: SURG) will be acquired by Valeant Pharmaceuticals (Nasdaq: VRX) for a premium of approximately $166 million.
 
Second quarter results for Vera Bradley (Nasdaq: VRA) topped analyst estimates prompting the company to lift its full year earnings outlook.

OFG Bancorp (NYSE: OFG) declared quarterly dividends on its preferred stock.

On the downside

Heartware International (Nasdaq: HTWR) will acquire privately held Valtech Cardio.
 
SFX Entertainment's (Nasdaq: SFXE) business operations have been negatively impacted by the downgrading of its corporate credit rating.

Cowen downgraded Republic Airways (Nasdaq: RJET) from a Market Perform rating to an Underperform rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 gained 15 points to 1,928. Bitcoin added $2 to $227.
A strong 3.3% gain in worker productivity lifted the markets to a higher open with the Dow soaring 182 points to 16,241. Nasdaq gained 30 points to 4,666.

On the upside

WPCS International (Nasdaq: WPCS) received $3.0 million in new contracts in July and August.
 
BiondVax Pharmaceuticals (Nasdaq: BVXV) will collaborate with the National Institute of Allergy and Infectious Diseases to conduct a Phase 2 trial of BiondVax's flu vaccine Multimeric-001.

Unilife (Nasdaq: UNIS) engaged the services of Morgan Stanley to explore strategic alternatives to maximize shareholder value after a third party expressed interest in the company.

On the downside

Bloomberg reported that Baxalta (NYSE: BXLT) ended discussions to acquire Ariad Pharmaceuticals (Nasdaq: ARIA).
 
Ambarella (Nasdaq: AMBA) reported higher second quarter earnings and revenue but the company forecast disappointing current quarter revenue.

Shares of GoPro (Nasdaq: GPRO) tumbled after supplier Ambarella (Nasdaq: AMBA) said that wearable camera sales will drop.

In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 climbed 17 points to 1,931. Bitcoin slipped $1 to $227.

Markets collapse over Chinese economy

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The markets crashed with the Dow diving 469 points to 16,058 as factory growth slowed in the U.S. while China's manufacturing sector contracted. Nasdaq collapsed 140 points to 4,636.

On the upside

Internap (Nasdaq: INAP) is exploring strategic alternatives to increase shareholder value.
 
Shares of Prima Biomed (Nasdaq: PBMD) continued rising.

On the downside

Variety reported that Apple (Nasdaq: AAPL) was exploring the possibility of producing original programming for streaming.
 
Republic Airways' (Nasdaq: RJET) pilots union is carefully reviewing the airliner's second quarter financial report.

Shares of Peabody Energy (NYSE: BTU) fell after Barron's.com reported that demand for coal would drop.

General Electric (NYSE: GE) completed the sale of its U.S. fleet services business.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 slumped 58 points to 1,913. Bitcoin slipped $3 to $225. 
The markets posted steep losses during the midday with the Dow collapsing 416 points to 16,112 as China's manufacturing sector contracted sharply. Nasdaq crashed 115 points to 4,661.

On the upside

Bargain hunters snapped up shares of Forward Industries (Nasdaq: FORD).
 
Noranda Aluminum (NYSE: NOR) completed a shipment of 31,000 metric tones of smelter grade alumina to a smelter in China.

Deutsche Bank upgraded J.C. Penney (NYSE: JCP) yesterday from a Hold rating to a Buy rating.

On the downside

Axion Power International (Nasdaq: AXPW) received notice from the Nasdaq Stock Market that it failed to meet the minimum $2.5 million stockholders equity for continued listing.
 
Second quarter shipments of coal from Arch Coal's (NYSE: ACI) Appalachia segment fell and the price dropped.

Two California pension funds sent a letter to Bank of America (NYSE: BAC) director Jack Bovender opposing an amendment to the bank's bylaws that would combine the role of chief executive and chairman into one position.

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 plunged 50 points to 1,921. Bitcoin slipped $2 to $226. 
Disappointing economic data from China sent the markets plummeting with the Dow skidding 356 points to 16,171. Nasdaq slumped 88 points to 4,688.

On the upside

Trevena (Nasdaq: TRVN) announced positive Phase 2b study results of its moderate to severe acute postoperative pain treatment TRV130.
 
Stereotaxis (Nasdaq: STXS) received a patent for data transmission across a network to a high-resolution display facilitating the management of medical procedures.

Steven Cohen's Point72 Asset Management acquired a 5.1% stake in SunEdison (NYSE: SUNE).

On the downside

GoPro (Nasdaq: GPRO) introduced a new feature to trim and share short video clips but the stock price fell.
 
Netflix (Nasdaq: NFLX) did not renew its content deal with Epix.

Bloomberg noted that the average yield of Freeport-McMoRan's (Nasdaq: FCX) bonds were higher than junk bonds.

In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plummeted 41 points to 1,930. Bitcoin slipped $1 to $227.

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