December 2015 Archives

First time applications for unemployment benefits rose more than expected last week to send the markets tumbling to a sharply lower close on the final trading day of the year with the Dow plummeting 178 points to 17,425. Nasdaq plunged 58 points to 5,007.


On the upside


Bargain hunters snapped up shares of Legacy Reserves (Nasdaq: LGCY).


Shares of California Resources (NYSE: CRC) climbed on bargain hunting.


Rising crude oil prices lifted shares of EXCO Resources (NYSE: XCO).

 

On the downside


Shares of China Information Technology (Nasdaq: CNIT) extended its losses.


Advaxis (Nasdaq: ADXS) stock fell for the fourth day in a row.


Investors locked in profits on Vuzix (Nasdaq: VUZI).


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 tumbled 19 points to 2,043. Bitcoin added $2 to $429. 

The markets recovered early morning losses but still traded in negative territory with the Dow dropping 71 points to 17,532 as investors continued to keep a watchful eye on crude oil prices. Nasdaq fell 25 points to 5,040.


On the upside


General Electric (NYSE: GE) will separate its renewable energy business, which includes wind and hydro power businesses, from its power unit, which will include oil and gas.


Twitter (NYSE: TWTR) updated its Mac computer app and announced that it will restore Politwoops.


LifeSci Capital initiated coverage of TetraLogic Pharmaceuticals (Nasdaq: TLOG).

 

On the downside


Investors locked in profits on Flamel Technologies (Nasdaq: FLML).


Profit taking weighed down shares of One Horizon Group (Nasdaq: OHGI).


Shares of SodaStream International (Nasdaq: SODA) fell as investors took profits.


In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 5 points to 2,057. Bitcoin added $2 to $429. 

The markets opened lower on the final trading day of the year with the Dow tumbling 91 points to 17,512 as crude oil prices continued to retreat. Nasdaq dropped 31 points to 5,034.


On the upside


Roth Capital initiated coverage of Prima Biomed (Nasdaq: PBMD) with a Buy rating.


Point72 Asset Management acquired a 5.3% stake in Chimerix (Nasdaq: CMRX).


Weight Watchers (NYSE: WTW) stock rose again.

 

On the downside


Apple (Nasdaq: AAPL) will pay $348 million to settle tax fraud allegations in Italy.


Shares of Great Basin (Nasdaq: GBSN) fell for the third day.


Profit taking continued to weigh down shares of FXCM (NYSE: FXCM).


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 fell 10 points to 2,052. Bitcoin lost $3 to $424. 

The markets closed sharply lower with the Dow plunging 117 points to 17,603 as crude oil prices dropped. Nasdaq tumbled 42 points to 5,065.


On the upside


Vuzix (Nasdaq: VUZI) partnered with Atheer to support the AiR Suite application for remote expert collaboration, management and rapid task flow deployment.


Insider Monkey noted that Giga-tronics (Nasdaq: GIGA) was one of five stocks that climbed.


Electronic Times reported that Apple (Nasdaq: AAPL) would switch its iPhone screens to organic light emitting diodes screens sending shares of Universal Display (Nasdaq: OLED) higher.

 

On the downside


Morgan Stanley downgraded Vanguard Natural Resources (Nasdaq: VNR) from an Overweight rating to an Equal Weight rating.


Falling crude oil prices weighed down shares of Kinder Morgan (NYSE: KMI).


Shares of Itau Unibanco Holding (NYSE: BBD) fell over concerns about Brazil's economy.


In the broad market, declining issues outpaced advancers by a margin of 7 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 dropped 15 points to 2,063. Bitcoin slipped $1 to $427. 

Crude oil prices retreated to weigh the markets down during the midday with the Dow dropping 59 points to 17,661. Nasdaq lost 21 points to 5,086.


On the upside


MeetMe (Nasdaq: MEET) reported a record of more than 30 million chats on Monday, December 28.


Cadiz (Nasdaq: CDZI) entered a 99-year lease agreement with Water Asset Management for $12 million.


TheStreet downgraded Chimerix (NYSE: CMRX) to a Sell rating but the stock price rose.

 

On the downside


Morgan Stanley downgraded Memorial Production Partners (Nasdaq: MEMP) from an Overweight rating to an Equal Weight rating.


Falling crude oil prices weighed down shares of Chesapeake Energy (NYSE: CHK), Linn Energy (Nasdaq: LINE) and Southwestern Energy (NYSE: SWN).


Shares of Banco Bradesco (NYSE: BBD) fell over concerns about Brazil's economy.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 fell 7 points to 2,071. Bitcoin slipped $2 to $427. 

Lower open as pending home sales slip

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November pending home sales slipped to weigh the markets down to a lower open with the Dow losing 32 points to 17,688. Nasdaq fell 17 points to 5,090.


On the upside


One Horizon Group (Nasdaq: OHGI) expanded the commercial offering of its China mobile VoIP subsidiary Aishuo due to overwhelming growth.


Shares of Weight Watchers (NYSE: WTW) climbed in anticipation of New Year's resolutions to lose weight.


FXCM (NYSE: FXCM) stock surged again on no news.

 

On the downside


Shares of Anavex Life Sciences (Nasdaq: AVXL) fell again.


Great Basin Scientific (Nasdaq: GBSN) stock extended its losses.


Investors locked in profits on Inventergy Global (Nasdaq: INVT).


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 fell 5 points to 2,073. Bitcoin lost $3 to $425. 

Rising home prices along with rebounding crude oil prices sent the markets soaring to a sharply higher close with the Dow jumping 192 points to 17,720. Nasdaq leaped 66 points to 5,107.


On the upside


Michael Goode tweeted that Small Cap Traders was paid to promote Inventergy Global (Nasdaq: INVT).


Leon Cooperman of Omega Advisors acquired a 12.7% stake in Resource America (Nasdaq: REXI).


Recovering crude oil prices lifted shares of Denbury Resources (NYSE: DNR).

 

On the downside


China Information Technology (Nasdaq: CNIT) stock extended its losses.


Motley Fool named Kinder Morgan (NYSE: KMI) as one of three worst performing high-yield dividend stocks of 2015.


Investors locked in profits on Southwestern Energy (NYSE: SWN).


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 leaped 21 points to 2,078. Bitcoin edged up a fraction to $429. 

A greater than expected gain in October home prices lifted the markets during the midday with the Dow leaping 163 points to 17,691. Nasdaq surged 52 points to 5,093.


On the upside


Triumph Group (NYSE: TGI) appointed Daniel J. Crowley to the position of president and chief executive officer.


Auris Medical (Nasdaq: EARS) extended its gains.


Rebounding crude oil prices lifted shares of Chesapeake Energy (NYSE: CHK).

 

On the downside


JPMorgan downgraded Chimerix (Nasdaq: CMRX) from an Overweight rating to a Neutral rating and slashed its price target from $62 to $12.


Great Basin Scientific (Nasdaq: GBSN) entered an agreement with investors to purchase $20.5 million in senior convertible notes.


Investors locked in profits on Rovi (Nasdaq: ROVI).


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 surged 18 points to 2,074. Bitcoin gained $10 to $431. 

The markets surged to a sharply higher open with the Dow soaring 174 points to 17,702 as crude oil prices rebounded. Nasdaq leaped 51 points to 5,092.


On the upside


FXCM (NYSE: FXCM) stock surged for the third day.


NeuroMetrix (Nasdaq: NURO) launched DPNCheck in Mexico.


Billionaire investor Carl Icahn increased his acquisition offer for Pep Boys (NYSE: PBY) to $18.50 per share in cash.

 

On the downside


Anavex Life Sciences (Nasdaq: AVXL) widened losses for the fiscal year 2015.


SunEdison (NYSE: SUNE) stock extended its losses.


Shares of 3D Systems (NYSE: DDD) continued falling after announcing yesterday that it would no longer produce its $999 consumer 3D printer.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 soared 17 points to 2,073. Bitcoin added $3 to $424. 

Oil glut concerns weigh down stocks

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Concerns about an oil glut sent the markets down to a lower close with the Dow slipping 23 points to 17,528. Nasdaq lost 7 points to 5,040.


On the upside


Abraxas Petroleum (Nasdaq: AXAS) stock rose again.


Shares of Viking Therapeutics (Nasdaq: VKTX) nearly doubled on no news.


Advanced Micro Devices (Nasdaq: AMD) priced the equity awards granted to certain officers at $2.4267.

 

On the downside


Shares of Barrick Gold (NYSE: ABX) slipped on lower gold prices.


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


Investors locked in profits on Patriot National (NYSE: PN).


In the broad market, declining issues outpaced advancers 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 slipped 4 points to 2,056. Bitcoin lost $4 to $419. 

Markets fall as crude oil prices tumble

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Tumbling crude oil prices weighed the markets down during the midday with the Dow losing 46 points to 17,505. Nasdaq fell 19 points to 5,029.


On the upside


Shares of FXCM (NYSE: FXCM) surged for the second day.


MomentumStockAlert.com noted that Great Basin Scientific (Nasdaq: GBSN) was potentially undervalued in the near term.


Rovi (Nasdaq: ROVI) renewed its multi-year, worldwide license agreement with Sony (NYSE: SNE).

 

On the downside


Falling crude oil prices weighed down shares of Memorial Production Partners (Nasdaq: MEMP) and Whiting Petroleum (NYSE: WLL).


Freeport-McMoRan (NYSE: FCX) co-founder and executive chair James R. Moffett resigned.


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


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 lost 6 points to 2,054. Bitcoin slipped 2 points to $421. 

Holiday retail sales increased by a strong 7.9% but the markets opened lower with the Dow tumbling 91 points to 17,460 as crude oil prices fell. Nasdaq dropped 35 points to 5,012.


On the upside


Shares of Auris Medical Holding (NYSE: EARS) continued to climb.


The Fitbit (NYSE: FIT) app surged to become the number one download on Saturday in the iTunes App Store.


Disney's (NYSE: DIS) "Star Wars: The Force Awakens" surpassed $1 billion in global ticket sales in a record twelve days.

 

On the downside


Chimerix (Nasdaq: CMRX) reported disappointing results from a Phase 3 Suppress trial of brincidofovir in patients undergoing hematopoietic cell transplantation.


The Securities and Exchange Commission issued a formal order of investigation into Iconix Brand (Nasdaq: ICON) related to the accounting treatment for the formation of certain joint ventures.


Valeant Pharmaceuticals (NYSE: VRX) chief executive Michael Pearson took a medical leave of absence effective immediately.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 dropped 14 points to 2,046. Bitcoin eased a fraction to $423. 

U. S. markets closed

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U. S. markets are closed for Christmas.

Mixed close on shortened trading day

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The markets closed mixed on a shortened Christmas Eve trading day with the Dow falling 50 points to 17,552 despite rising crude oil prices and lower jobless claims. Nasdaq added 2 points to 5,048.


On the upside


MBIA (NYSE: MBI) amended and restructured its agreement with Puerto Rico Electric Power Authority.


Shares of Chesapeake Energy (NYSE: CHK) continued rising.


Cowen & Co. upgraded Rovi (Nasdaq: ROVI) from a Market Perform rating to an Outperform rating.

 

On the downside


Profit taking weighed down shares of EXCO Resources (NYSE: XCO).


Zacks Equity Research recommended Linn Energy (NYSE: LINE) as one of five great value stocks but the stock price fell.


Shares of Arch Coal (NYSE: ACI) fell over bankruptcy concerns.


In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 slipped 3 points to 2,060. Bitcoin gained $11 to $452. 

First time applications for unemployment benefits fell more than expected but the markets opened lower with the Dow falling 51 points to 17,551. Nasdaq edged up to 5,046.


On the upside


SunEdison (NYSE: SUNE) engaged in discussions to secure a new $650 million credit facility.


Patriot National (NYSE: PN) will repurchase approximately 1.67 million common shares that were issued on December 16, 2015.


Rising gold prices lifted shares of Yamana Gold (NYSE: AUY).

 

On the downside


Profit taking weighed down shares of Oasis Petroleum (NYSE: OAS).


Investors locked in profits on Whiting Petroleum (NYSE: WLL).


Nike (NYSE: NKE) completed its 2-for-1 stock split.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 slipped 2 points to 2,061. Bitcoin gained $11 to $453. 

The markets surged to close sharply higher with the Dow leaping 185 points to 17,602 as crude oil prices climbed. Nasdaq soared 44 points to 5,0458.


On the upside


Rising crude oil prices lifted shares of Bonanza Creek Energy (NYSE: BCEI) and Memorial Production Partners (Nasdaq: MEMP).


Indications that China may implement economic reforms to stimulate growth lifted shares of Freeport-McMoRan (NYSE: FCX).


Shares of Azure Midstream Partners (NYSE: AZUR) continued soaring.

 

On the downside


Andrews & Springer initiated an investigation into Heron Therapeutics (Nasdaq: HRTX) for possible securities violations.


Shares of ShoreTel (Nasdaq: SHOR) extended its losses.


Bank of America/Merrill Lynch said that steel import tariffs failed to deter shipments from China, India, Italy and Korea which weighed down shares of U.S. Steel (NYSE: X).


In the broad market, advancing issues outpaced decliners by a margin of more than 6 to 1 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 soared 25 points to 2,064. Bitcoin rose $6 to $441. 

Markets soar as crude oil rebounds

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Rebounding crude oil prices boosted the markets during the midday with the Dow soaring 154 points to 17,571. Nasdaq climbed 37 points to 5,038.


On the upside


Zacks Equity Research listed Linn Energy (Nasdaq: LINE) as one of five great value stocks.


WiLAN (Nasdaq: WILN) subsidiary entered a patent license agreement with Netflix (Nasdaq: NFLX).


The recent upward trend in aluminum prices lifted shares of Alcoa (NYSE: AA).

 

On the downside


Northwest Biotherapeutics (Nasdaq: NWBO) announced a registered direct offering of 3.5 million shares of common stock at the discounted price of $3.60 per share.


Galena Biopharma (Nasdaq: GALE) received a subpoena for documents related to the marketing and promotion of its pain medication Abstral.


Nike (NYSE: NKE) reported higher second quarter earnings and revenue but revenue fell short of analyst expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 climbed 17 points to 2,056. Bitcoin added $4 to $440. 

Higher open as personal income rises

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A strong 0.3% gain in November personal income lifted the markets to a sharply higher open with the Dow surging 112 points to 17,529. Nasdaq gained 28 points to 5,030.


On the upside


Adamas Pharmaceuticals (Nasdaq: ADMS) reported positive results from a Phase 3 study of its ADS-5102 to treat levodopa-induced dyskinesia associated with Parkinson's disease.


Rovi (Nasdaq: ROVI) renewed its patent license agreement with AT&T (NYSE: T).


China Information Technology (Nasdaq: CNIT) regained compliance with the minimum bid price requirement for continued listing on Nasdaq.

 

On the downside


Shares of Great Basin Scientific (Nasdaq: GBSN) extended its losses.


Micron Technology (Nasdaq: MU) disappointed with lower first quarter earnings and revenue.


Bed Bath & Beyond (Nasdaq: BBBY) cut its third quarter earnings outlook.


In the broad market, advancing issues outpaced decliners by a margin of 7 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 gained 11 points to 2,050. Bitcoin rose $5 to $440. 

The markets surged to close sharply higher with the Dow soaring 165 points to 17,417 as consumer spending rose in the third quarter. Nasdaq climbed 32 points to 5,001.


On the upside


Bargain hunters snapped up shares of Plains GP Holdings (NYSE: PAGP).


Automotive News reported that Ford (NYSE: F) has been in negotiations with Google (Nasdaq: GOOG) to build driverless cars.


BMO Capital Markets downgraded Whiting Petroleum (NYSE: WLL) from an Outperform rating to a Market Perform rating but the stock price rose.

 

On the downside


Gener8 Maritime (NYSE: GBSN) entered new pool agreements with VL8 Pool.


Citigroup reiterated its Underweight rating for Chesapeake Energy (NYSE: CHK).


Jim Cramer said that Encana (NYSE: ECA) would continue to fall indefinitely.


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 3 on Nasdaq. The broader S&P 500 climbed 17 points to 2,038. Bitcoin added $1 to $436. 

Third quarter consumer spending rose 3.0% to lift the markets higher during the midday with the Dow gaining 63 points to 17,314. Nasdaq held steady at 4,968.


On the upside


Shares of ONEOK Partners (NYSE: OKS) continued climbing.


Williams (NYSE: WMB) employees helped raise more than $5.4 million for the United Way.


Shares of Azure Midstream Partners (NYSE: AZUR) continued soaring.

 

On the downside


Robbins Arroyo initiated an investigation into Great Basin Scientific (NYSE: GBSN) for possible securities violations.


Acacia Research (Nasdaq: ACTG) chief executive Matthew Vella resigned.


Investors locked in profits on Southwestern Energy (NYSE: SWN).


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 rose 8 points to 2,029. Bitcoin added $3 to $438. 

Higher open even as home sales fall

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The markets opened higher with the Dow rising 35 points to 17,287 even as existing home sales fell in November. Nasdaq added 11 points to 4,980.


On the upside


pSivida (Nasdaq: PSDV) reported positive results from a Phase 3 clinical trial of its eye disease treatment Medidur.


Dominion Diamond (NYSE: DDC) said that it looked forward to meeting with a group of investors including The K2 Principal Fund to discuss its beneficial owners.


RBC Capital Markets initiated coverage of Sorrento Therapeutics (Nasdaq: SRNE) with an Outperform rating.

 

On the downside


Steelcase (NYSE: SCS) reported third quarter earnings and revenue that fell short of analyst expectations and forecast current quarter results below estimates.


Appaloosa Management asked to review the finances of TerraForm Power (Nasdaq: TERP). Shares of parent company SunEdison (NYSE: SUNE) also fell.


NetApp (Nasdaq: NTAP) will pay approximately $870 million in cash to acquire SolidFire prompting a downgrade.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by nearly 5 to 3 on Nasdaq. The broader S&P 500 added 2 points to 2,023. Bitcoin held steady at $435. 

Higher close even as crude oil slips

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Despite a drop in crude oil prices, the markets closed higher with the Dow soaring 123 points to 17,251 on bargain hunting. Nasdaq climbed 45 points to 4,968.


On the upside


ArcLight Capital Partners approved a $75 million unit purchase program for American Midstream Partners (NYSE: AMID).


Bargain hunters lifted shares of Teekay LNG Partners (NYSE: TGP).


Market Realist listed Southwestern Energy (Nasdaq: SWN) as a top SPY stock.

 

On the downside


Shares of Cnova (Nasdaq: CNV) extended its losses.


Retreating crude oil prices weighed down shares of Oasis Petroleum (NYSE: OAS) and Petrobras (NYSE: PBR).


BTIG analyst Rich Greenfield reiterated his Sell rating on Disney (NYSE: DIS).


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 climbed 15 points to 2,021. Bitcoin lost $5 to $435. 

The markets traded higher during the midday with the Dow climbing 72 points to 17,200. Nasdaq gained 34 points to 4,957.


On the upside


ONEOK (NYSE: OKE) expects to continue paying dividends in 2016 at the same level as 2015.


An energy infrastructure fund will invest $500 million in Rice Energy's (NYSE: RICE) wholly owned subsidiary Rice Midstream Holdings.


Guggenheim upgraded Aegerion Pharmaceuticals (Nasdaq: AEGR) from a Sell rating to a Buy rating.

 

On the downside


MagneGas (Nasdaq: MNGA) filed provisional patents related to proprietary characteristics of its new MagneGas fuel but the stock price fell after Seeking Alpha wrote that the company was stock promotion shell with the potential to tumble 92%.


Evercore downgraded Atwood Oceanics (NYSE: ATW) from a Buy rating to a Hold rating.


Retreating crude oil prices weighed down shares of Continental Resources (NYSE: CLR).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 9 points to 2,014. Bitcoin lost $5 to $435. 

Bargain hunters lift markets

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The markets opened higher with the Dow soaring 105 points to 17,234 as investors snapped up bargains after last week's sharp losses. Nasdaq climbed 38 points to 4,961.


On the upside


AVEO Pharmaceuticals (Nasdaq: AVEO) granted EUSA Pharma the exclusive European rights to tivozanib to treat advanced renal cell carcinoma.


NetSol Technologies (Nasdaq: NTWK) signed a contract valued at more than $100 million to implement its advanced solution for the auto and equipment finance and leasing industry, NFS Ascent.


SunEdison (NYSE: SUNE) stock rose again.

 

On the downside


Shares of Kinder Morgan (NYSE: KMI) continued to fall.


Investors locked in profits on The Chemours Company (NYSE: CC).


Whiting Petroleum (NYSE: WLL) stock extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 14 points to 2,020. Bitcoin lost $5 to $435. 

Crude oil prices dropped below $35 per barrel to send the markets tumbling to close sharply lower with the Dow tanking 367 points to 17,128. Nasdaq plummeted 79 points to 4,923.


On the upside


Bargain hunters lifted shares of Teekay Offshore Partners (NYSE: TOO).


A lawsuit that challenged certain corporate governance provisions of Chemours (NYSE: CC) was dismissed.


FXCM (NYSE: FXCM) director Ryan Silverman bought 21,000 shares of company stock.

 

On the downside


A jury found that one of Acacia Research's (Nasdaq: ACTG) patents was not infringed upon by Alcatel Lucent, AT&T Mobility, Cellco Partnership and Spring Spectrum.


Empresas ICA (NYSE: ICA) missed a $31 million interest payment that was due on November 30, 2015.


Park Lane Advisor initiated coverage of YRC Worldwide (Nasdaq: YRCW).


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 plummeted 36 points to 2,005. Bitcoin climbed $7 to $459. 

Economic concerns sink stocks

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Economic concerns continued to weigh down the markets with the Dow collapsing 226 points to 17,269. Nasdaq dropped 35 points to 4,967.


On the upside


ReachLocal (Nasdaq: RLOC) lifted its fourth quarter earnings outlook, entered a new financing agreement with VantagePoint Capital Partners and amended its existing agreement with Hercules Technology Growth Capital.


Bargain hunters snapped up shares of Teekay (NYSE: TK).


Park Lane Advisor initiated coverage of Keryx Biopharmaceuticals (Nasdaq: KERX).

 

On the downside


Great Basin Scientific (NYSE: GBSN) sold 2.724 million units of convertible preferred stock and warrants.


Atwood Oceanics (NYSE: ATW) will delay taking delivery of two new build ultra-deepwater drillships.


Robert W. Baird downgraded Hub Group (Nasdaq: HUBG) from an Outperform rating to a Neutral rating.


In the broad market, declining issues outpaced advancers by a margin of 4 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 plunged 20 points to 2,021. Bitcoin gained $5 to $457. 

The markets opened sharply lower with the Dow plunging 184 points to 17,311 as investors monitored crude oil prices. Nasdaq tumbled 33 points to 4,968.


On the upside


Seadrill Partners (NYSE: SDLP) will cut its quarterly distribution from 56.75 cents per common unit to 25 cents per common unit but the stock price rose.


Shares of ReWalk Robotics (Nasdaq: RWLK) continued to soar.


Golar LNG Partners (Nasdaq: GMLP) will repurchase up to $25 million in common units.

 

On the downside


Knight Transportation (NYSE: KNX) lowered its fourth quarter earnings guidance.


CarMax (NYSE: KMX) reported third quarter earnings and revenue that fell short of expectations.


Ariad Pharmaceuticals (Nasdaq: ARIA) named Paris Panayiotopoulos to the position of president and chief executive.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 dropped 18 points to 2,022. Bitcoin rose $3 to $455. 

Jobless claims fell last week but the markets tumbled to a sharply lower close with the Dow crumbling 253 points to 17,495 as crude oil prices dropped. Nasdaq plummeted 68 points to 5,002.


On the upside


Shares of Alimera Sciences (Nasdaq: ALIM) continued climbing after announcing an agreement earlier this week to distribute ILUVIEN in the Middle East.


Voltari (Nasdaq: VLTC) will pay approximately $2.8 million to buy property from Flanders Holding that is currently leased to 7-Eleven.


Fusion's (Nasdaq: FSNN) cloud communications solution has been certified compliant with the interoperability requirements of Panasonic System Communications Company of North America.

 

On the downside


Teekay Offshore Partners (NYSE: TOO) slashed its quarterly dividend from 56 cents per common unit to 11 cents per common unit.


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


Endurance International Group Holdings (Nasdaq: EIGI) received a subpoena from the Securities and Exchange Commission.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 plunged 31 points to 2,041. Bitcoin added $2 to $452. 

Losses extended at midday

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The markets extended its losses during the midday with the Dow tumbling 115 points to 17,634. Nasdaq fell 33 points to 5,037.


On the upside


RENS Technology will invest approximately $30.4 million in MYOS (Nasdaq: MYOS).


Shares of Advaxis (Nasdaq: ADXS) continued climbing.


Cerberus Capital Management will invest approximately $605 million in Avon Products (NYSE: AVP).

 

On the downside


Shares of California Resources (NYSE: CRC) extended its losses.


Goldman Sachs downgraded Lumber Liquidators (NYSE: LL) from a Neutral rating to a Sell rating.


The Chemours Company  (NYSE: CC) warned of lower fourth quarter earnings due to weak market conditions and soft pricing.


In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 plunged 23 points to 2,049. Bitcoin added $2 to $452. 

Lower open on profit taking

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The markets opened lower with the Dow falling 63 points to 17,686 as investors locked in profits after three days of triple digit gains. Nasdaq lost 4 points to 5,066.


On the upside


The Copyright Royalty Board raised the royalty rate for non-subscriptions services such as Pandora Media (NYSE: P) by 15%, far below the 79% increase requested by copyright holders.


Navistar (NYSE: NAV) narrowed fourth quarter losses.


The Department of Veterans Affairs will provide coverage for ReWalk Robotics' (Nasdaq: RWLK) exoskeleton systems for all qualifying veterans.

 

On the downside


Pier 1 Imports (NYSE: PIR) cut its full year earnings outlook prompting a downgrade.


Teekay LNG Partners (NYSE: TGP) slashed its quarterly cash distribution from 70 cents per common unit in the third quarter to 14 cents per common unit for the fourth quarter.


Teekay  (NYSE: TK) cut its quarterly cash dividend from 55 cents per share last quarter to 5.5 cents per share for the fourth quarter.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advancers edged out decliners by more than 9 to 7 on Nasdaq. The broader S&P 500 lost 7 points to 2,065. Bitcoin added $2 to $452. 

Modest rate increase boosts markets

|

The Federal Reserve's modest interest rate increase signaled a strengthening economy. The markets surged to close sharply higher with the Dow rocketing 224 points to 17,749. Nasdaq jumped 75 points to 5,071.


On the upside


Ford (NYSE: F) will begin testing its Ford Fusion Hybrid self-driving car in California in January.


Gold prices edged up to lift shares of Barrick Gold (NYSE: ABX).


The solar sector rally boosted shares of Enphase Energy (Nasdaq: ENPH) and SolarEdge Technologies (Nasdaq: SEDG).

 

On the downside


RPX (Nasdaq: RPXC) will pay approximately $232 million in cash to acquire Inventus Solutions.


Falling crude oil prices weighed down shares of Bonanza Creek Energy (NYSE: BCEI), Denbury Resources (NYSE: DNR) and Eclipse Resources (NYSE: ECR).


Lakeland Industries (Nasdaq: LAKE) reversed year ago losses to post a profit for the third quarter but revenue fell short of expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 leaped 29 points to 2,073. Bitcoin fell $8 to $451. 

Markets soar on upbeat housing data

|

Upbeat housing data sent the markets soaring during the midday with the Dow surging 153 points to 17,678. Nasdaq climbed 45 points to 5,041.


On the upside


The Food and Drug Administration provided positive feedback to Acasti Pharma (Nasdaq: ACST) for its CaPre development pathway.


The Food and Drug Administration lifted the clinical hold on three Investigational New Drug applications submitted by Advaxis (Nasdaq: ADXS).


Platform Specialty Products (NYSE: PAH) named of Rakesh Sachdev to the position of chief executive.

 

On the downside


California Resources (NYSE: CRC) expects total average production for 2015 to edge up barely 1%.


Arch Coal (NYSE: ACI) delayed making an interest payment that was due yesterday.


Shares of Kennametal (NYSE: KMT) extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 soared 20 points to 2,063. Bitcoin lost $8 to $451. 

Surge in housing starts lift markets

|

A sharp increase in November housing starts lifted the markets to a higher open with the Dow soaring 106 points to 17,631. Nasdaq gained 23 points to 5,019.


On the upside


Array BioPharma (Nasdaq: ARRY) reported positive results from a Phase 3 clinical trial of binimetinib to treat advanced NRAS-mutant melanoma.


China Finance Online (Nasdaq: JRJC) swung to a profit for the third quarter as revenue surged.


Shares of SolarCity (Nasdaq: SCTY) and SunEdison (NYSE: SUNE) continued soaring in reaction to the Paris climate change agreement this weekend.

 

On the downside


Global Payments (NYSE: GPN) will pay approximately $4.3 billion to acquire Heartland Payment Systems (NYSE: HPY).


Shares of Banco Bradesco (NYSE: BBD) and Itau Unibanco (NYSE: ITUB) continued falling over concerns that Brazil's credit rating may be cut.


Chesapeake Energy (NYSE: CHK) reported preliminary results of its private exchange offers.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 climbed 14 points to 2,057. Bitcoin lost $7 to $452. 

Markets surge on higher oil prices

|

It was a higher close for the markets with the Dow soaring 156 points to 17,524 as crude oil prices climbed for the second day. Nasdaq surged 43 points to 4,995.


On the upside


313 Acquisition exercised a clause in the merger agreement between SunEdison (NYSE: SUNE) and Vivint Solar (NYSE: VSLR) allowing shareholders to receive cash in exchange for Vivent common stock.


Bargain hunters lifted shares of Macrocure (Nasdaq: MCUR).


Inland Real Estate (NYSE: IRC) paid December dividends to Series A and Series B preferred stock holders and declared cash dividends for Series A and Series B preferred stock payable on January 15, 2016 to shareholders of recored January 4, 2016.

 

On the downside


Shares of Allegheny Technologies (NYSE: ATI) extended its losses.


Patriot National (NYSE: PN) stock continued to fall.


Falling natural gas prices weighed down shares of Ultra Petroleum (NYSE: UPL).


In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 surged 21 points to 2,043. Bitcoin soared $16 to $457. 

Markets soar as Fed meets

|

The markets continued climbing during the midday with the Dow leaping 196 points to 17,565 as the Federal Reserve began its two day meeting. Nasdaq jumped 58 points to 5,010.


On the upside


Shares of Truett-Hurst (Nasdaq: THST) continued climbing.


Rising crude oil prices lifted shares of Vanguard Natural Resources (Nasdaq: VNR).


Alon Blue Square Israel (NYSE: BSI) completed the sale of its holdings in Diners Club Israel to Credit Card for Israel.

 

On the downside


Shares of Cliffs Natural Resources (NYSE: CLF) extended its losses.


Investors locked in profits on NephroGenex (Nasdaq: NRX).


Profit taking weighed down shares of Smith & Wesson (Nasdaq: SWHC).


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 soared 24 points to 2,046. Bitcoin climbed $17 to $458. 

Crude oil advances again

|

Crude oil advanced again to send the markets soaring to a sharply higher open with the Dow surging 176 points to 17,545. Nasdaq leaped 58 points to 5,010.


On the upside


Valeant Pharmaceuticals (NYSE: VRX) signed a twenty year deal to supply Walgreens (Nasdaq: WBA) with its products at discounted prices.


Short seller Whitney Tilson covered his short position on Lumber Liquidators (NYSE: LL).


Pacira Pharmaceuticals (Nasdaq: PCRX) reached an amicable resolution with the Food and Drug Administration over its EXPAREL post surgical analgesia.

 

On the downside


Neothetics (Nasdaq: NEOT) reported disappointing results from two Phase 3 trials of LIPO-202 to reduce central abdominal bulging due to subcutaneous fat.


Kennametal (NYSE: KMT) cited weak end market conditions for lowering its full year forecast.


Twitter (NYSE: TWTR) warned some users of possible hacks.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 surged 25 points to 2,047. Bitcoin climbed $17 to $458. 

Rising crude oil lifts markets

|

Crude oil rose to lift the markets to a higher close with the Dow soaring 103 points to 17,368. Nasdaq gained 18 points to 4,952.


On the upside


Crestwood Equity Partners (NYSE: CEQP) shareholder Raging Capital Management sent a letter to Crestwood's board detailing a "Crestwood Comback" plan to increase shareholder value.


The landmark Paris Agreement on climate change lifted shares of SunPower (Nasdaq: SPWR) and TerraForm Power (Nasdaq: TERP).


Bargain hunters lifted shares of Puma Biotechnology (NYSE: PBYI).

 

On the downside


Great Basin Scientific (Nasdaq: GBSN) completed its 1 for 60 reverse stock split.


American Midstream Partners (NYSE: AMID) chief executive Steve Bergstrom retired effective December 10, 2015.


Shares of Layne Christensen (Nasdaq: LAYN) extended its losses.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 climbed 9 points to 2,021. Bitcoin rose $9 to $441. 

Oil prices rise, markets flat

|

Crude oil prices edged up but the markets traded flat with the Dow slipping 4 points to 17,260. Nasdaq lost 11 points to 4,922.


On the upside


Trina Solar (NYSE: TSL) chief executive Jifan Gao and Shanghai Xingsheng Equity Investment & Management offered to take the Trina Solar private.


FXCM (NYSE: FXCM) will repurchase up to $130 million worth of company stock and continues discussions with Leucadia to restructure their existing Letter Agreement.


SolarCity (Nasdaq: SCTY) opened a new corporate office in Draper, Utah.

 

On the downside


Patriot National (NYSE: PN) announced a private placement of more than 1.66 million shares of common stock and warrants.


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


Falling crude oil prices weighed down shares of Ultra Petroleum (NYSE: UPL).


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 lost 3 points to 2,008. Bitcoin gained $11 to $443. 

Lower open as oil continues falling

|

The markets opened lower with the Dow losing 14 points to 17,251 as crude oil prices continued to fall. Nasdaq fell 14 points to 4,918.


On the upside


Akebia Therapeutics (Nasdaq: AKBA) partnered with Mitsubishi Tanabe Pharma to develop and commercialize vadadustat to treat anemia related to chronic kidney disease in Asia.


Jarden (NYSE: JAH) will be acquired by Newell Rubbermaid (NYSE: NWL) in a cash and stock transaction valued at approximately $13.2 billion.


The Food and Drug Administration approved NephroGenex's (Nasdaq: NRX) Investigational New Drug application for clinical studies with intravenous Pyridorin to treat acute kidney injury.

 

On the downside


Morgan Stanley downgraded GoPro (Nasdaq: GPRO) from an Equal Weight rating to an Underweight rating.


Encana (NYSE: ECA) lowered its 2016 capital program and slashed its annual dividend from 28 cents per share to 6 cents per share.


Atara Biotherapeutics (Nasdaq: ATRA) halted development of PINTA 745 to treat protein energy wasting in patients with end stage renal disease after disappointing results from a Phase 2 clinical trial.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 lost 4 points to 2,007. Bitcoin gained $11 to $443. 

Markets plummet as crude oil tumbles

|

Crude oil prices tumbled below $36 per barrel to send the markets plummeting with the Dow diving 309 points to 17,265. Nasdaq collapsed 111 points to 4,933.


On the upside


Elliott Management acquired a stake in CenterPoint Energy (NYSE: CNP).


Energy Capital Partners completed its strategic review of Summit Investment, which owns a 43.8% interest in Summit Midstream Partners (NYSE: SMLP), and will continue its ownership of Summit Investments.


NCI Building Systems (NYSE: NCS) reported higher fourth quarter earnings and revenue.

 

On the downside


Bank of America downgraded The Container Store (NYSE: TCS) from a Buy rating to an Underperform rating.


Vince Holding (NYSE: VNCE) reported lower third quarter earnings and revenue and lowered its full year forecast.


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


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 plummeted 39 points to 2,012. Bitcoin added $2 to $446. 

Crude oil falls below $36

|

The markets extended its losses during the midday with the Dow collapsing 293 points to 17,281 as crude oil fell below $36 per barrel. Nasdaq sank 99 points to 4,945.


On the upside


SunEdison (NYSE: SUNE) will sell 333 megawatts of wind power assets to Terra Nova Renewable Partners for $209 million.


Corning (NYSE: GLW) will exchange its 50% interest in Dow Corning for 100% of a newly formed entity that will become a wholly owned subsidiary of Corning.


Shares of MagneGas (Nasdaq: MNGA) continued rising.

 

On the downside


Investors locked in profits on Kinder Morgan (NYSE: KMI).


Puma Biotechnology (NYSE: PBYI) presented updated results from a Phase III trial of the breast cancer treatment PB272.


Falling crude oil prices weighed down shares of Southwestern Energy (NYSE: SWN).


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plummeted 35 points to 2,016. Bitcoin climbed $18 to $432. 

Markets plunge as crude oil retreats

|

Crude oil prices fell again to send the markets tumbling to a sharply lower open with the Dow plummeting 207 points to 17,367. Nasdaq plunged 56 points to 5,045.


On the upside


Finisar (Nasdaq: FNSR) reversed year ago losses to post a greater than expected profit for the second quarter.


Accesswire named Turtle Beach (Nasdaq: HEAR) as a stock with significant upside potential.


Shares of Whole Foods Market (Nasdaq: WFM) extended its gains.

 

On the downside


United Development Funding IV (Nasdaq: UDF) issued a statement that a hedge fund had taken a short position in its shares.


Investors locked in profits on Inventergy Global (Nasdaq: INVT).


Dow Chemical (NYSE: DOW) and duPont (NYSE: DD) will merge in an all stock transaction then the combined entity will split into three separate companies.


In the broad market, declining issues outpaced advancers by a margin of more than 6 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The broader S&P 500 plunged 20 points to 2,031. Bitcoin climbed $13 to $428. 

The markets retreated from earlier highs as crude oil slipped but closed in positive territory with the Dow climbing 82 points to 17,574. Nasdaq gained 22 points to 5,045.


On the upside


Freeport-McMoRan (NYSE: FCX) cut its capital spending for 2016 and 2017 and suspended its annual dividend.


Allegheny Technologies (NYSE: ATI) will idle its Midland and GOES operations due to challenging market conditions.


Twitter (NYSE: TWTR) will begin displaying ads to users who do not log in.

 

On the downside


The New York Stock Exchange Regulation notified Arch Coal (NYSE: ACI) that it was not in compliance with the New York Stock Exchange's listing standards.


Concerns that Banco Bradesco's (NYSE: BBD) credit rating may be downgraded to junk status weighed down shares of the Brazilian bank.


Falling crude oil prices weighed down shares of Encana (NYSE: ECA).


In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 2,052. Bitcoin added $1 to $416. 

Strong job market boosts stocks

|

The markets extended its gains during the midday with the Dow soaring 170 points to 17,662 on a strong labor market. Nasdaq climbed 41 points to 5,064.


On the upside


Inventergy Global (Nasdaq: INVT) updated investors on its strategic growth initiatives.


Warren Buffet acquired an 8.02% stake in Sears Holdings (Nasdaq: SHLD) REIT spinoff Seritage Growth Properties (NYSE: SRG).


GoPro (Nasdaq: GPRO) launched Apple Watch (Nasdaq: AAPL) features in the GoPro App.

 

On the downside


First Solar (Nasdaq: FSLR) forecast 2016 revenue that fell short of analyst expectations.


Puma Biotechnology (NYSE: PBYI) presented results from a Phase II study of PB272 to treat HER2-positive breast cancer.


Methode Electronics (NYSE: MEI) reported lower second quarter earnings and revenue and cut its full year forecast.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 gained 12 points to 2,060. Bitcoin held steady at $414. 

Higher open on strong labor market

|

Jobless claims edged up last week but the labor market remained strong. The markets opened higher with the Dow gaining 46 points to 17,538 while Nasdaq rose 13 points to 5,036.


On the upside


Live Ventures (Nasdaq: LIVE) swung to a profit for the fourth quarter.


Blount International (NYSE: BLT) will be acquired by American Securities and P2 Capital Partners in an all cash transaction valued at approximately $855 million including the assumption of debt.


Shares of Hertz Global Holdings (NYSE: HTZ) continued climbing.

 

On the downside


The Men's Wearhouse (NYSE: MW) fell to a loss for the third quarter.


Ciena (NYSE: CIEN) narrowed losses for the fourth quarter but the company forecast current quarter as well as full year revenue below estimates.


Shares of Oncothyreon (Nasdaq: ONTY) extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 2,052. Bitcoin edged up a fraction to $415. 

Lower close as crude oil slips

|

The markets trimmed its losses but still closed lower with the Dow tumbling 75 points to 17,492 as crude oil prices slipped. Nasdaq plummeted 75 points to 5,022.


On the upside


AeroVironment (Nasdaq: AVAV) swung to a greater than expected profit for the fourth quarter as revenue rose.


Shares of Tanga Resources (NYSE: NGLS) continued climbing.


Investors welcomed Kinder Morgan's (NYSE: KMI) decision to slash its dividend.

 

On the downside


InterCloud Systems (Nasdaq: ICLD) received more than $3 million in new contracts but the stock price fell as the company considers selling some of its key assets.


Apple (Nasdaq: AAPL) abandoned plans for its Apple TV subscription service.


Netflix (Nasdaq: NFLX) expanded its parental leave benefits to include hourly workers.


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 3 on Nasdaq. The broader S&P 500 dropped 15 points to 2,047. Bitcoin soared $20 to $414. 

Crude oil retreats, markets plunge

|

Crude oil prices retreated during the midday to send the markets tumbling with the Dow plummeting 145 points to 17,422. Nasdaq plunged 93 points to 5,004.


On the upside


Fusion Telecommunications International (Nasdaq: FSNN) acquired Fidelity Voice and Data for approximately $30 million in cash and stock.


TerraForm Power (Nasdaq: TERP) lowered the price that it would pay to acquire Vivint Solar's (NYSE: VSLR) rooftop solar portfolio from $922 million to $799 million.


Wynn Resorts (Nasdaq: WYNN) chief executive Steve Wynn bought more than 1 million shares of company stock on the open market.

 

On the downside


Sigma Designs (Nasdaq: SIGM) reversed year ago losses for the third quarter but revenue fell short of expectations.


Lululemon Athletica (Nasdaq: LULU) disappointed with third quarter earnings and revenue that missed analyst expectations.


A majority of Qunar Cayman Islands' (Nasdaq: QUNR) minority shareholders consented to the employee share exchange program.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 tumbled 20 points to 2,043. Bitcoin soared $18 to $412. 

Mixed open as oil edges up

|

The markets opened mixed with the Dow dropping 73 points to 17,641 while Nasdaq gained 14 points to 5,083 as crude oil prices edged up.


On the upside


Dow Chemical (NYSE: DOW) and E.I. du Pont de Nemours (NYSE: DD) engaged in discussions for a possible merger.


SunEdison (NYSE: SUNE) reduced the cash portion of its offer to acquire Vivint Solar (NYSE: VSLR).


Vera Bradley (Nasdaq: VRA) reported higher third quarter earnings and revenue that beat expectations.

 

On the downside


Aeterna Zentaris (Nasdaq: AEZS) priced its public offering of common stock and warrants at the discounted price of $5.55 per unit.


Costco Wholesale (Nasdaq: COST) disappointed with lower first quarter earnings that fell short of expectations.


Oncothyreon (Nasdaq: ONTY) presented updated data from ongoing trials of its HER2-positive metastatic breast cancer treatment ONT-380.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 slipped 2 points to 2,061. Bitcoin surged $24 to $418. 

Oil glut sends markets tumbling

|

An oil glut continued to weigh down crude oil prices. The markets tumbled to close lower with the Dow plummeting 162 points to 17,568. Nasdaq slipped 3 points to 5,098.


On the upside


Pieris Pharmaceuticals (Nasdaq: PIRS) entered a research collaboration and license agreement with Roche.


The Food and Drug Administration approved Eagle Pharmaceuticals' (Nasdaq: EGRX) BENDEKA to treat chronic lymphocytic leukemia and indolent B-cell non-Hodgkin lymphoma.


Bargain hunters lifted shares of Bon-Ton Stores (Nasdaq: BONT).

 

On the downside


Shares of FuelCell Energy (Nasdaq: FCEL) continued falling.


Harmonic (Nasdaq: HLIT) offered approximately $75 million in cash to acquire Thomson Video Networks.


Seadrill Partners (NYSE: SDLP) extended its contracts with Chevron Thailand Exploration and Production for the T-15 and T-16 tender rigs but the dayrate was lowered.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 dropped 14 points to 2,062. Bitcoin added $2 to $394. 

Slumping crude oil prices sent the markets down sharply during the midday with the Dow plunging 166 points to 17,564. Nasdaq lost 11 points to 5,089.


On the upside


Harvard Apparatus Regenerative Technology's (Nasdaq: HART) chief medical officer Saverio La Francesca will moderate and speak at the World Stem Cell Summit.


Bargain hunters lifted shares of Navios Maritime Partners (NYSE: NMM).


The Children's Place (Nasdaq: PLCE) reported higher third quarter earnings that topped analyst estimates.

 

On the downside


Gevo (Nasdaq: GEVO) priced its public offering of common stock and warrants at the discounted price of $1 per unit.


Southwest Airlines (NYSE: LUV) lowered its fourth quarter revenue per available seat mile forecast.


Rio Tinto (NYSE: RIO) cut its 2016 capital expenditure forecast from $6 billion to $5 billion.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 dropped 14 points to 2,062. Bitcoin added $2 to $393. 

The markets opened sharply lower with the Dow plummeting 174 points to 17,556 as crude oil prices continued to fall. Nasdaq tumbled 30 points to 5,071.


On the upside


Onconova Therapeutics (Nasdaq: ONTX) reported positive data from an ongoing Phase 1/2 clinical trial of oral rigosertib and azacitidine in higher-risk myelodysplastic syndromes.


The Wall Street Journal reported that Jarden (NYSE: JAH) and Newell Rubbermaid (NYSE: NWL) engaged in discussions for a possible merger.


Citigroup upgraded FireEye (Nasdaq: FEYE) from a Neutral rating to a Buy rating.

 

On the downside


United Natural Foods (Nasdaq: UNFI) disappointed with lower first quarter earnings that fell short of expectations.


RAIT Financial Trust (NYSE: RAIT) lowered its quarterly cash dividend to 9 cents per common share.


Outerwall (Nasdaq: OUTR) blamed lower Redbox revenue for cutting its full year forecast.


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 dropped 14 points to 2,077. Bitcoin held steady at $390. 

Drop in oil sends markets tumbling

|

Crude oil prices dropped to send the markets down to a sharply lower close with the Dow plummeting 117 points to 17,730. Nasdaq tumbled 40 points to 5,101.


On the upside


Idera Pharmaceuticals (Nasdaq: IDRA) reported upbeat results from an ongoing Phase 1/2 trial of IMO-8400 to treat patients with Waldenstrom's Macroglobulinemia.


Sprint (NYSE: S) announced a five-day customer appreciation "Cheers to You" campaign.


Shares of Smith & Wesson (Nasdaq: SWHC) climbed as the latest mass shooting in California sparked discussions of more restrictive gun control measures.

 

On the downside


Falling crude oil prices weighed down shares of Stone Energy (NYSE: SGY).


Shares of Tronox (NYSE: TROX) extended its losses.


NGL Energy Partners (NYSE: NGL) stock continued to fall.


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 dropped 14 points to 2,077. Bitcoin held steady at $390. 

Losses extended as oil tumbles

|

The markets extended its losses during the midday with the Dow plunging 178 points to 17,669 as crude oil prices continued to tumble. Nasdaq plummeted 53 points to 5,088.


On the upside


XBiotech (Nasdaq: XBIT) reported positive results from its European Phase III clinical study of its colorectal cancer treatment Xilonix .


Bargain hunters lifted shares of e-Future Information Technology (Nasdaq: EFUT).


Arrowhead Research (Nasdaq: ARWR) presented upbeat data for its hepatitis B treatment ARC-520 at the HEP DART 2015 conference.

 

On the downside


Shares of Breitburn Energy Partners (Nasdaq: BBEP) continued falling.


Agios Pharmaceuticals (Nasdaq:AGIO) will present data from an ongoing Phase 1 study of AG-120 and an ongoing Phase 1/2 study of AG-221 at the 2015 American Society of Hematology Annual Meeting and Exposition this week.


TheStreet recommended selling Energy Transfer Equity (NYSE: ETE).


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 plunged 21 points to 2,069. Bitcoin added $1 to $391. 

Markets plunge as crude oil drops

|

Falling crude oil prices weighed the markets down to a sharply lower open with the Dow tumbling 103 points to 17,743. Nasdaq dropped 32 points to 5,109.


On the upside


Keurig Green Mountain (Nasdaq: GMCR) will be taken private by an investor group led by JAB Holding for approximately $13.9 billion in cash.


MEI Pharma (Nasdaq: MEIP) reported positive results from a Phase II study of Pracinostat to treat acute myeloid leukemia.


SodaStream International (Nasdaq: SODA) will list its ordinary shares on the Tel Aviv Stock Exchange.

 

On the downside


Threshold Pharmaceuticals (Nasdaq: THLD) reported disappointing results from two Phase 3 studies of its cancer treatment evofosfamide.


Shares of Vanguard Natural Resources (Nasdaq: VNR) extended its losses.


Roth Capital downgraded Bluebird Bio (Nasdaq: BLUE) from a Buy rating to a Neutral rating and slashed its price target fro $121 to $62.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 fell 13 points to 2,078. Bitcoin added $2 to $361. 

The nation's economy added an impressive 211,000 jobs in November to send the markets soaring to close sharply higher with the Dow leaping 369 points to 17,847. Nasdaq jumped 104 points to 5,142.


On the upside


Rumors circulated that Relypsa (Nasdaq: RLYP) was being acquired.


Bargain hunters lifted shares of Acorn International (NYSE: ATV).


Fitbit (NYSE: FIT) maintained its status as the top wearables device in the third quarter.

 

On the downside


Falling crude oil price weighed down shares of Targa Resources (NYSE: NGLS) and Vanguard Natural Resources (Nasdaq: VNR).


FuelCell Energy (Nasdaq: FCEL) completed its 1-for-12 reverse stock split.


Shares of Dynegy (NYSE: DYN) extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 leaped 42 points to 2,091. Bitcoin added $2 to $361. 

The markets continued to advance during the midday with the Dow rocketing 347 points to 17,824 on a strong jobs report. Nasdaq leaped 98 points to 5,135.


On the upside


Strong auto sales lifted shares of TrueCar (Nasdaq: TRUE).


Barrick Gold (NYSE: ABX) extended and amended its credit facility.


Samsung will pay Apple (Nasdaq: AAPL) $548 million to settle a patent infringement suit.

 

On the downside


Kinder Morgan (NYSE: KMI) will review its dividend policy.


Shares of NRG Energy (NYSE: NRG) continued falling.


Pandora Media (NYSE: P) priced its public offering of senior convertible notes.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 leaped 35 points to 2,085. Bitcoin held steady at $359. 

Higher open on strong jobs report

|

Strong job growth in November lifted the markets to a sharply higher open with the Dow soaring 172 points to 17,650. Nasdaq climbed 38 points to 5,076.


On the upside


Live Ventures (Nasdaq: LIVE) will release fourth quarter financial highlights on December 10, 2015.


Shares of Avon (NYSE: AVP) extended its gains.


ULTA Salon (Nasdaq: ULTA) reported sharply higher third quarter earnings and revenue that beat expectations.

 

On the downside


Barnes & Noble (NYSE: BKS) fell to a loss for the second quarter on lower revenue.


The Cooper Companies (NYSE: COO) reported fourth quarter earnings and revenue that missed expectations.


Falling crude oil pricers weighed down shares of Oasis Petroleum (NYSE: OAS) and Whiting Petroleum (NYSE: WLL).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 16 points to 2,066. Bitcoin added $1 to $360. 

Disappointment with the European Central Bank's weak stimulus measures sent the markets plummeting to a sharply lower close with the Dow collapsing 252 points to 17,477. Nasdaq sank 85 points to 5,037.


On the upside


Anavex Life Sciences (Nasdaq: AVXL) appointed Ulrich Elben, Ph.D. to the position of Vice President of Preclinical Operation.


Foamix Pharmaceuticals (Nasdaq: FOMX) reported positive results from a Phase 2 study of FDX104 to prevent antibody-induced skin rashes.


The Wall Street Journal reported that Avon (NYSE: AVP) may sell its North American business to Cerberus.

 

On the downside


Shares of Acorn International (NYSE: ATV) continued to fall.


Southern Investigative Reporting Foundation alleged that Insys Therapeutics (Nasdaq: INSY) falsified documents in order to increase prescriptions of its pain treatment Subsys.


OncoGenex Pharmaceuticals (Nasdaq: OGXI) extended its losses.


In the broad market, declining issues outpaced advancers 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 plunged 29 points to 2,049. Bitcoin edged up to $359. 

The European Central Bank's weak stimulus measures sent the markets tumbling during the midday with the Dow plunging 136 points to 17,593. Nasdaq plummeted 61 points to 5,061.


On the upside


Shares of Truett-Hurst (Nasdaq: THST) continued climbing after suing its landlord.


FBR Capital initiated coverage of Prima BioMed (Nasdaq: PBMD) with an Outperform rating and a $6 price target.


Bargain hunters lifted shares of Rex Energy (Nasdaq: REXX).

 

On the downside


Box (NYSE: BOX) widened losses for the third quarter.


Disappointment with the European Central Bank's weak stimulus measures weighed down shares of exchange-traded funds operator WisdomTree Investments (Nasdaq: WETF).


Profit taking continued to sink shares of Giga-tronics (Nasdaq: GIGA).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 tumbled 17 points to 2,061. Bitcoin rose $3 to $361. 

The European Central Bank lowered interest rates but failed to increase bond purchases. The markets opened lower with the Dow dropping 79 points to 17,649 while Nasdaq lost 15 points to 5,107.


On the upside


The antitrust waiting period for Dyax's (Nasdaq: DYAX) acquisition of Shire Pharmaceuticals ended.


Avago Technologies (Nasdaq: AVGO) reported sharply higher fourth quarter earnings that beat analyst expectations.


Shares of SolarCity (Nasdaq: SCTY) extended its gains.

 

On the downside


Chesapeake Energy (NYSE: CHK) announced a private exchange offer of up to $1.5 billion for senior notes.


Verint Systems (Nasdaq: VRNT) disappointed with lower third quarter earnings that missed estimates prompting the company to lower its full year forecast.


Violin Memory (NYSE: VMEM) reported a wider than expected loss for the third quarter as revenue fell.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 held steady at 2,079. Bitcoin held steady at $357. 

Crude oil prices tumbled to send the markets down to a sharply lower close with the Dow plummeting 158 points to 17,729. Nasdaq dropped 33 points to 5,123.


On the upside


Apigee (Nasdaq: APIC) narrowed first quarter losses more than expected as revenue climbed.


Insider Monkey noted that hedge funds were buying Vince Holding (NYSE: VNCE).


OptionMonster.com co-founder Jon Najarian bought shares of SolarCity (Nasdaq: SCTY).

 

On the downside


Universal Technical Institute (NYSE: UTI) fell to a greater than expected loss for the first quarter.


Isle of Capri Casinos (Nasdaq: ISLE) reported second quarter revenue that missed estimates.


Shares of Harvard Apparatus Regenerative Technology (Nasdaq: HART) extended its losses.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 plunged 23 points to 2,079. Bitcoin slipped $3 to $357. 

The markets turned negative during the midday with the Dow tumbling 98 points to 17,789 after Federal Reserve chair Janet Yellen indicated that an interest rate increase was a near certainty. Nasdaq fell 16 points to 5,140.


On the upside


Wayfair (NYSE: W) reported an impressive 109% surge in overall gross sales during the 5-day Thanksgiving through Cyber Monday shopping period.


Moody's downgraded Bon-Ton Stores (Nasdaq: BONT) credit rating from B3 to Caa1.


Och-Ziff Capital Management Group (NYSE: OZM) reported its estimated unaudited net returns.

 

On the downside


Investors locked in profits on Acorn International (NYSE: ATV).


OncoGenex Pharmaceuticals (Nasdaq: OGXI) reported that a subpopulation of men in a Phase 3 AFFINITY trial with custirsen experienced no improvement.


NRG Energy (NYSE: NRG) will sell two generating plants.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 fell 11 points to 2,091. Bitcoin slipped $2 to $358. 

The nation's private employers added more jobs than expected in November but the markets opened mixed with the Dow slipping 7 points to 17,881 while Nasdaq gained 15 points to 5,171 over concerns of an impending rate hike.


On the upside


On Deck Capital (NYSE: ONDK) partnered with JPMorgan Chase (NYSE: JPM) to offer small business loans.


Mattson Technology (Nasdaq: MTSN) will be acquired by Beijing E-Town Dragon Semiconductor Industry Investment Center for a premium of $3.80 per shares in cash.


Qualcom (Nasdaq: QCOM) licensed patents to Xiaomi to develop, manufacture and sell 3G and 4G devices.

 

On the downside


A second patient died in a late stage clinical trial of Zafgen's (Nasdaq: ZFGN) obesity treatment beloranib.


Shares of Ctrip.com (Nasdaq: CTRP) completed its 2-for-1 stock split.


Breitburn Energy Partners (Nasdaq: BBEP) stock continued to fall.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 edged up a fraction to 2,103. Bitcoin lost $3 to $357. 

A strong 1.0% increase in construction spending boosted the markets to a sharply higher close with the Dow surging 168 points to 17,888. Nasdaq climbed 47 points to 5,156.


On the upside


SunEdison (NYSE: SUNE) cancelled an agreement to acquire a 15% stake in Renova Energia for $250 million.


Shares of Valeant Pharmaceuticals (NYSE: VRX) continued to rise.


Insider Monkey noted that hedge funds were bullish on Chesapeake Energy (NYSE: CHK).

 

On the downside


Empresas (NYSE: ICA) missed a $31 million interest payment on its senior notes and has entered into a 30-day grace period.


Investors locked in profits on Bon-Ton Stores (Nasdaq: BONT).


Stifel downgraded Rex Energy (Nasdaq: REXX) from a Hold rating to a Sell rating.


In the broad market, advancing issues outpaced decliners by a margin of 7 to 3 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 surged 22 points to 2,102. Bitcoin tumbled $18 to $359. 

The markets traded higher during the midday with the Dow climbing 118 points to 17,838 despite a contraction of the nation's manufacturing sector. Nasdaq gained 30 points to 5,139.


On the upside


Acorn International (NYSE: ATV) provided a business update this morning.


Dehaier Medical Systems (Nasdaq: DHRM) appointed Xiaoguang Shen to its Board of Directors.


WPCS International (Nasdaq: WPCS) secured nearly $1.9 million in new contracts in November.

 

On the downside


Repros Therapeutics (Nasdaq: RPRX) received a Complete Response Letter from the Food and Drug Administration for its secondary hypogonadism treatment enclomiphene.


Unitholders of MarkWest Energy Partners (NYSE: MWE) approved the proposed merger with MPLX (NYSE: MPLX).


Harvard Apparatus Regenerative Technology (Nasdaq: HART) regained compliance with the minimum bid price requirement for listing on Nasdaq but the stock price fell as investors locked in profits.


In the broad market, advancing issues outpaced decliners by a margin of more than 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 14 points to 2,095. Bitcoin tumbled $20 to $357. 

Higher open on Record Cyber Monday

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Record Cyber Monday sales lifted the markets to a sharply higher open with the Dow soaring 143 points to 17,863. Nasdaq climbed 34 points to 5,143.


On the upside


Giga-tronics (Nasdaq: GIGA) entered an agreement to develop and license threat simulation software to Lockheed Martin.


Oppenheimer upgraded TerraForm Power (Nasdaq: TERP) from a Perform rating to an Outperform rating.


Infoblox (NYSE: BLOX) narrowed first quarter losses more than expected as revenue climbed and the company forecast current quarter results above expectations.

 

On the downside


Breitburn Energy Partners (Nasdaq: BBEP) suspended the cash distribution on its common units.


Bank of America Merrill Lynch downgraded Joy Global (NYSE: JOY) from a Neutral rating to an Underperform rating.


NQ Mobile (NYSE: NQ) reported a loss for the third quarter.


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 3 on Nasdaq. The broader S&P 500 climbed 16 points to 2,097. Bitcoin dropped $15 to $362. 

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