January 2016 Archives

The Dow posted triple digit gains for the second day in a row with the blue chip index vaulting 396 points to 16,466 as crude oil prices rose. Nasdaq rocketed 107 points to 4,613.


On the upside


Trader's Choice issued a research update on The Chemours Co. (NYSE: CC).


Coherent (Nasdaq: COHR) reported higher first quarter earnings that beat analyst expectations.


Fourth quarter earnings and revenue for Gigamon (NYSE: GIMO) topped estimates.


On the downside


Abaxis (Nasdaq: ABAX) reported higher third quarter earnings but revenue fell to miss expectations.


Autoliv (NYSE: ALV) reported better than expected results for the fourth quarter but the automotive safety systems maker forecast current quarter revenue that fell short of estimates.


Accuray (Nasdaq: ARAY) reported a loss for the second quarter.


In the broad market, advancing issues outpaced decliners by a margin of 8 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 jumped 46 points to 1,940. Bitcoin held steady at $380. 

An interest rate cut by the Bank of Japan sent the markets soaring during the midday with the Dow rocketing 275 points to 16,344. Nasdaq jumped 67 points to 4,574.


On the upside


CONSOL Energy (NYSE: CNX) reported better than expected results for the fourth quarter.


TimkenSteel (NYSE: TMST) reported a smaller than expected loss for the fourth quarter.


A Bloomberg report that Apple (Nasdaq: AAPL) was developing wireless charging technology lifted shares of Energous (Nasdaq: WATT).


On the downside


Tuesday Morning (Nasdaq: TUES) disappointed with lower second quarter earnings that fell short of expectations.


Electronic Arts (Nasdaq: EA) fell to a loss for the third quarter and forecast fourth quarter and full year results below estimates.


Investors locked in profits on Amedica (Nasdaq: AMDA).


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 leaped 30 points to 1,924. Bitcoin eased $1 to $379. 

Markets surge as oil tops $34

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Crude oil climbed above $34 per barrel to send the markets soaring to a sharply higher open with the Dow jumping 210 points to 16,279. Nasdaq leaped 55 points to 4,562.


On the upside


Axiall (NYSE: AXLL) rejected Westlake Chemical's $1.41 billion offer to buy the plastics maker.


Microsoft (Nasdaq: MSFT) reported higher second quarter earnings that surpassed analyst expectations as the company's cloud business grew.


Third quarter earnings climbed for Sony (NYSE: SNE).


On the downside


Fourth quarter earnings for Amazon (Nasdaq: AMZN) more than doubled but the results fell far short of analyst expectations.


Third quarter earnings edged up for Quality Systems (Nasdaq: QSII) but revenue slipped to fall short of expectations.


Eastman Chemical (NYSE: EMN) reported higher fourth quarter earnings but revenue fell short of expectations and the company forecast 2016 earnings below estimates.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 gained 13 points to 1,906 Bitcoin slipped to $380. 

The markets extended its gains in late afternoon trading to close higher with the Dow soaring 125 points to 16,069 as crude oil prices rose to settle above $33 per barrel. Nasdaq climbed 38 points to 4,506.


On the upside


SunCoke Energy (NYSE: SXC) reversed year ago losses to post a profit for the fourth quarter.


Shares of Encana (NYSE: ECA) and Vanguard Natural Resources (NYSE: VNR) soared as crude oil prices rebounded.


Cirrus Logic (Nasdaq: CRUS) reported sharply higher third quarter earnings as revenue climbed.


On the downside


Silicon Graphics International (Nasdaq: SGI) reported a loss for the second quarter and the company filed a universal shelf registration to offer up to $75 million in stock, securities and/or warrants.


Extreme Networks (Nasdaq: EXTR) reported a second quarter loss on lower revenue.


United Rentals (NYSE: URI) disappointed with lower fourth quarter earnings that fell far short of analyst expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 climbed 10 points to 1,893. Bitcoin fell $11 to $383. 

Markets rise as crude oil climbs

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The markets advanced during the midday with the Dow gaining 64 points to 16,009 as crude oil prices rose. Nasdaq climbed 37 points to 4,506.


On the upside


Memorial Production Partners (Nasdaq: MEMP) declared a quarterly cash distribution of 10 cents per unit payable on February 12, 2016 to unit holders of record February 5, 2016.


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


Facebook (Nasdaq: FB) impressed with sharply higher fourth quarter earnings and revenue that surpassed analyst expectations as mobile ad revenue surged.


On the downside


OSI Systems (Nasdaq: OSIS) disappointed with sharply lower second quarter earnings and revenue that fell short of expectations and forecast full year results below estimates.


Global Partners (NYSE: GLP) cut its fourth quarter cash distribution.


NetScout Systems (Nasdaq: NTCT) fell to a loss for the third quarter and lowered its full year revenue forecast.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 gained 13 points to 1,896. Bitcoin dropped $11 to $383. 

Durable goods orders tumbled 5.1% in December to weigh the markets down to a lower open with the Dow falling 62 points to 15,881. Nasdaq lost 18 points to 4,449.


On the upside


Under Armour (NYSE: UA) reported higher fourth quarter earnings and revenue that beat expectations and forecast 2016 revenue ahead of estimates.


The Food and Drug Administration approved Neos Therapeutics' (Nasdaq: NEOS) attention deficit/hyperactivity disorder treatment Adzenys XR-ODT for patients six years and older.


Amedica (Nasdaq: AMDA) will make four presentations for its proprietary silicon nitride composition at the Orthopaedic Research Society Annual Meeting in March.


On the downside


ServiceNow (NYSE: NOW) reported a loss for the fourth quarter and forecast 2016 revenue that missed expectations.


Juniper Networks (NYSE: JNPR) forecast current quarter results below expectations and announced the resignation of chief financial officer Robyn Denholm.


eBay (Nasdaq: EBAY) reported lower fourth quarter earnings and forecast current quarter results that missed estimates.


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 climbed 16 points to 1,899. Bitcoin dropped $11 to $383. 

Fed will continue increasing rates

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The Federal Reserve's indication that it would continue to gradually raise interest rates despite a slowing economy sent the markets tumbling to close sharply lower with the Dow collapsing 222 points to 15,944. Nasdaq crashed 99 points to 4,468.


On the upside


Bargain hunters lifted shares of Amedica (Nasdaq: AMDA).


C&J Energy Services (NYSE: CJES) will release its fourth quarter earnings after market close on Monday, February 22.


JP Morgan upgraded Terex (NYSE: TEX) from an Underweight rating to a Neutral rating.


On the downside


The Federal Trade Commission sued DeVry Education Group (NYSE: DV) for deceiving students about job prospects after graduation.


Ladenburg Thalmann downgraded Bill Barrett (NYSE: BBC) from a Buy rating to a Neutral rating.


Fourth quarter earnings and revenue for Textron (NYSE: TXT) fell short of expectations and the company forecast 2016 earnings below estimates.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 plunged 20 points to 1,882. Bitcoin held steady at $395. 

Markets mixed as new home sales soar

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The markets pared early morning losses to trade mixed during the midday with the Dow rising 19 points to 16,187 as new home sales soared in December. Nasdaq lost 18 points to 4,549.


On the upside


Bonanza Creek Energy (NYSE: BCEI) will sell its Rocky Mountain Infrastructure asset for approximately $255 million in cash.


Indonesia's Energy Minister expects to resolve Freeport-McMoRan's (NYSE: FCX) export permit situation.


CommVault Systems (Nasdaq: CVLT) reported higher third quarter earnings and revenue that topped analyst estimates.


On the downside


Tupperware Brands (NYSE: TUP) reported sharply lower fourth quarter earnings and revenue that fell short of expectations and forecast current quarter and full year earnings below estimates.


Lannett (NYSE: LCI) reported preliminary second quarter results that missed expectations and forecast full year revenue below estimates.


Fourth quarter earnings for Total System Services (NYSE: TSS) fell short of expectations and the company forecast full year earnings that missed estimates.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 gained 9 points to 1,913. Bitcoin slipped $1 to $394. 

Oil prices fall again

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The markets opened sharply lower with the Dow plunging 122 points to 16,044 as crude oil prices fell. Nasdaq plummeted 49 points to 4,518.


On the upside


Fate Therapeutics (Nasdaq: FATE) received clearance from the Food and Drug Administration for its new drug application for ProTmune and will begin a Phase 1/2 clinical trial.


Hawaiian Holdings (Nasdaq: HA) reported sharply higher fourth quarter earnings.


Capnia (Nasdaq: CAPN) entered an exclusive agreement with Bemes to market and distribute CoSense End-Tidal Carbon Monoxide (ETCO) Monitor and Precision Sampling Sets (PSS).


On the downside


United States Steel (NYSE: X) fell to a loss for the fourth quarter as revenue tumbled.


Fourth quarter earnings plunged for Santander Consumer USA Holdings (NYSE: SC) to fall far short of analyst expectations.


Boeing (NYSE: BA) reported lower fourth quarter earnings and revenue and forecast 2016 earnings that fell short of analyst estimates.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 dropped 10 points to 1,892. Bitcoin slipped $1 to $395. 

Rebounding oil prices boost markets

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A rebound in crude oil prices lifted the markets to a sharply higher close with the Dow leaping 282 points to 16,167. Nasdaq surged 49 points to 4,567.


On the upside


Shares of Comstock Resources (NYSE: CRK) surged after completing an acreage swap that increased its drilling inventory at the Haynesville Shale.


Oprah Winfrey tweeted that she lost 26 pounds while using Weight Watchers (NYSE: WTW).


Tudor Pickering upgraded Cobalt International Energy (NYSE: CIE) from an Accumulate rating to a Buy rating.


On the downside


Leidos (NYSE: LDOS) will acquire Lockheed Martin's (NSYE: LMT) Information Systems & Global Solutions business.


Profit taking continued to weigh down shares of Anacor Pharmaceuticals (Nasdaq: ANAC).


TheStreetSweeper wrote that LightPath Technologies (Nasdaq: LPTH) has surged due to heavy stock promotion over the past year.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 surged 26 points to 1,903. Bitcoin edged up a fraction to $394. 

Markets soar as home prices climb

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The markets opened sharply higher with the Dow leaping 219 points to 16,105 as November home prices climbed. Nasdaq gained 18 points to 4,537.


On the upside


Freeport-McMoRan (NYSE: FCX) reported a smaller than expected loss for the fourth quarter and will accelerate its debt reduction plans.


SCOCO Group (Nasdaq: SGOC) signed a long-term, exclusive agreement authorizing Macau Jinyi Technology to develop and market BOCA branded energy saving and environmental protection products and technologies in Macau.


Sprint (NYSE: S) narrowed third quarter losses more than expected and lifted its full year forecast.


On the downside


Huntington Bancshares (Nasdaq: HBAN) will pay approximately $3.4 billion in cash and stock to acquire FirstMerit (Nasdaq: FMER).


Novavax (Nasdaq: NVAX) priced its offering of $300 million of convertible senior notes.


Investors locked in profits on EnerNOC (Nasdaq: ENOC).


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 soared 19 points to 1,896. Bitcoin eased a fraction to $393. 

Oil drops below $30, markets plunge

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Oil prices fell below $30 per barrel to send the markets tumbling to a sharply lower close with the Dow plummeting 208 points to 15,885. Nasdaq plunged 72 points to 4,518.


On the upside


American Midstream Partners (NYSE: AMID) will maintain its quarterly cash distribution at $0.4725 per common unit.


Tyco International (NYSE: TYC) will merge with Johnson Controls (NYSE: JCI).


Gold prices edged up to lift shares of Gold Fields (NYSE: GFI) and Harmony Gold (Nasdaq: HMY).


On the downside


Genesis Healthcare (NYSE: GEN) warned of losses for the fourth quarter, lowered its full year earnings outlook and forecast 2016 results below estimates.


Comstock Resources (NYSE: CRK) swapped acreages with another operator.


Falling crude oil prices weighed down shares of Bellatrix Exploration (NYSE: BXE), California Resources (NYSE: CRC) and EXCO Resources (NYSE: XCO).


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 plunged 29 points to 1,877. Bitcoin fell $8 to $392. 

Markets pare losses

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The markets recovered early morning losses but continued trading lower during the midday with the Dow slipping 18 points to 16,074. Nasdaq lost 3 points to 4,587.


On the upside


EnerNOC (Nasdaq: ENOC) welcomed the Supreme Court's decision upholding an energy rule that pays energy consumers to conserve power during peak demand hours.


Shares of Amira Nature Foods (NYSE: ANFI) rose as short sellers covered their positions.


Raptor Pharmaceuticals (Nasdaq: RPTP) announced that a patent for PROCYSBI is now listed in the FDA's Approved Drug Products with Therapeutic Equivalence Evaluations book and that additional orphan drug designation was granted to PROCYSBI delayed-response capsules.


On the downside


Macquarie downgraded KapStone Paper & Packaging (NYSE: KS) from a Neutral rating to an Underperform rating.


Amedica (Nasdaq: AMDA) completed a 1-for-15 reverse stock split.


Retreating crude oil prices weighed down shares of Bonanza Creek Energy (NYSE: BCEI).


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 fell 9 points to 1,897. Bitcoin dropped $9 to $391. 

Lower open as oil retreats

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The markets opened lower with the Dow falling 44 points to 16,049 as crude oil prices retreated. Nasdaq slipped 7 points to 4,583.


On the upside


Affimed (Nasdaq: AFMD) entered a clinical research collaboration with Merck (NYSE: MRK) to conduct a clinical trial combining Merck's anti-PD therapy, KEYTRUDA, with Affimed's bispecific antibody targeting CD30, AFM13.


The Wall Street Journal reported that SunEdison (NYSE: SUNE) will add Greenlight Capital's David Einorn to its Board.


Several members of Aeterna Zentaris' (Nasdaq: AEZS) executive management team including chief executive David A. Dodd purchased shares of company stock last week.


On the downside


An independent data safety monitoring board told OncoMed Pharmaceuticals (Nasdaq: OMED) that its pancreatic cancer treatment tarextumab was not improving survival.


Profit taking weighed down shares of WestRock (NYSE: WRK).


Eldorado Gold (NYSE: EGO) warned of a significant impairment charge of approximately $1.2-$1.6 billion related to its Greek assets and expects lower gold output in 2016.


In the broad market, declining issues outpaced advancers by a margin of 7 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 dropped 10 points to 1,896. Bitcoin lost $2 to $398. 

Crude oil settled above $32 per barrel to send the markets soaring to close sharply higher with the Dow leaping 210 points to 16,093. Nasdaq surged 119 points to 4,591.


On the upside


NGL Energy Partners (NYSE: NGL) declared a quarterly cash distribution of 64 cents per unit payable on February 15, 2016 to shareholders of record February 3, 2016.


Rising crude oil prices lifted shares of California Resources (NYSE: CRC).


Live Ventures (Nasdaq: LIVE) will repurchase up to $10 million worth of common stock.


On the downside


Legacy Reserves (Nasdaq: LGCY) suspended its distribution.


Digi International (Nasdaq: DGII) swung to a profit for the first quarter but revenue fell short of analyst expectations and the company forecast current quarter results below estimates.


Investors locked in profits on Freeport-McMoRan (NYSE: FCX).


In the broad market, advancing issues outpaced decliners by a margin of more than 8 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 leaped 37 points to 1,906. Bitcoin tumbled $31 to $380. 

The markets traded higher during the midday with the Dow soaring 152 points to 16,035 as existing home sales surged 14.7% last month. Nasdaq jumped 92 points to 4,564.


On the upside


The North Dakota Public Service Commission approved Energy Transfer Equity's (NYSE: ETE) proposed 1,150 mile pipeline to transport crude oil through four states to Illinois.


Seaport Global Services upgraded Sanchez Energy (NYSE: SN) yesterday from an Accumulate rating to a Buy rating.


Climbing crude oil prices lifted shares of Williams Companies (NYSE: WMB).


On the downside


Tutor Perini (NYSE: TPC) warned of sharply lower 2015 full year earnings and forecast flat 2016 results.


Wells Fargo downgraded LDR Holding (Nasdaq: LDRH) from an Outperform rating to a Market Perform rating.


Agile Therapeutics (Nasdaq: AGRX) priced its public offering of approximately 5.5 million common shares at the discounted price of $6.35 per share.


In the broad market, advancing issues outpaced decliners by a margin of 8 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 soared 29 points to 1,898. Bitcoin tumbled $25 to $386. 

Crude oil prices climbed above $31 per barrel to lift the markets to a sharply higher open with the Dow jumping 224 points to 16,106. Nasdaq leaped 101 points to 4,573.


On the upside


NephroGenex's (Nasdaq: NRX) independent Data and Safety Monitoring Board for a Phase 3 study of the diabetic nephropathy treatment Pyridorin recommended that the study continue without modification.


8x8 (Nasdaq: EGHT) reported a smaller than expected loss for the third quarter.


Golar LNG (Nasdaq: GLNG) signed a Memorandum of Understanding with Schlumberger (NYSE: SLB) to develop greenfield, brownfield and stranded gas reserves.


On the downside


Cardiovascular Systems (Nasdaq: CSII) widened losses for the second quarter as revenue fell prompting a downgrade.


Investors locked in profits on TrovaGene (Nasdaq: TROV).


American Express (NYSE: AXP) reported lower fourth quarter earnings and revenue and forecast full year earnings below analyst estimates.


In the broad market, advancing issues outpaced decliners by a margin of more than 13 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 leaped 33 points to 1,902. Bitcoin tumbled $17 to $394. 

Higher close as oil rebounds

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Crude oil prices rebounded to settle just below $30 per barrel. The markets closed sharply higher with the Dow soaring 115 points to 15,882. Nasdaq edged up a fraction to 4,472.


On the upside


Rising copper and gold prices lifted shares of Freeport-McMoRan (NYSE: FCX).


Morgan Stanley said that Micron Technology (Nasdaq: MU) had an upside potential of 80%.


Canaccord Genuity initiated coverage of PFSweb (Nasdaq: PFSW) with a Buy rating and a price target of $16.


On the downside


MGIC Investment (NYSE: MTG) reported higher fourth quarter earnings and revenue but the company announced changes to its mortgage insurance premiums.


Tech in Asia reported that Indonesian authorities demanded that Netflix (Nasdaq: NFLX) comply with local regulations.


LifeLock (NYSE: LOCK) named Hilary Schneider to succeed Todd Davis as chief executive officer.


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 gained 9 points to 1,868. Bitcoin fell $4 to $412. 

Bargain hunters boost markets

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The markets extended its gains during the midday with the Dow soaring 151 points to 15,918 as investors snapped up bargains. Nasdaq gained 24 points to 4,496.


On the upside


Ultra Petroleum (NYSE: UPL) will webcast their fourth quarter financial results on Thursday, February 18, at 11:00am Eastern Standard Time.


Westport Innovations (Nasdaq: WPRT) extended its gains.


Baytex Energy (NYSE: BTE) chief executive James Bowzer will present at the CIBC Whistler Institutional Investor Conference this afternoon.


On the downside


Engility Holdings (NYSE: EGL) forecast lower fiscal 2016 earnings.


Retreating gold prices weighed down shares of Gold Fields (NYSE: GFI) and IAMGOLD (NYSE: IAG).


Texas Capital BancShares (Nasdaq: TCBI) disappointed with lower fourth quarter earnings that fell short of analyst expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 climbed 17 points to 1,877. Bitcoin fell $9 to $407. 

Crude oil prices edge up

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Crude oil prices edged up to lift the markets to a higher open with the Dow gaining 87 points to 15,854. Nasdaq climbed 28 points to 4,500.


On the upside


TrovaGene (Nasdaq: TROV) entered an agreement to offer its (ct)DNA Precision Cancer Monitoring tests and and services to America's Choice Provider Network patients.


Kinder Morgan (NYSE: KMI) fell to a loss for the fourth quarter and slashed its quarterly dividend but the stock price rose.


Southwestern Energy (NYSE: SWN) will eliminate 1,100 jobs in order to save approximately $150 million to $175 million annually.


On the downside


Alkermes (Nasdaq: ALKS) reported disappointing results from two phase 3 efficacy studies of its depression treatment ALKS 5461.


Scholastic (Nasdaq: SCHL) terminated its offer to buy up to $200 million of its common stock through a modified Dutch Auction.


Union Pacific (NYSE: UNP) disappointed with lower fourth quarter earnings and revenue that fell short of expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 dropped 8 points to 1,851. Bitcoin lost $2 to $414. 

The markets mounted a recovery in afternoon trading with the Dow paring its losses to close down 249 points to 15,766 as crude oil settled below $27 per barrel for the first time in nearly 13 years. Nasdaq slipped 5 points to 4,471.


On the upside


Bloomberg reported that Synaptics (Nasdaq: SYNA) was close to finalizing a deal with a Chinese investment group that values the company at approximately $4 billion.


Encore Capital Group (Nasdaq: ECPG) chief compliance officer Doris Hektor addressed the faculty for Consero's 2015 Corporate Compliance & Ethics Fourm.


Bargain hunters lifted shares of Comstock Resources (NYSE: CRK).


On the downside


Shares of Sprint (NYSE: S) continued to fall.


Stone Energy (NYSE: NFLX) stock fell again from CapitalOne's downgrade yesterday.


NovoCure (Nasdaq: NVCR) will present data from an ongoing Phase 2 PANOVA clinical trial at the American Society of Clinical Oncology 2016 Gastrointestinal Cancers Symposium on Friday, January 22.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 plunged 22 points to 1,859. Bitcoin surged $27 to $408. 

Market bloodbath continues

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The market bloodbath continued during the midday with the Dow crumbling 525 points to 15,490 as crude oil fell below $27. Nasdaq collaped 147 points to 4,329.


On the upside


Ocean Power Technologies' (Nasdaq: OPTT) APB350 (A1) PowerBuoy has been deployed for more than 125 days and has generated more than 1,000 kWh of energy.


On the downside


Cowen downgraded Fluidigm (Nasdaq: FLDM) from an Outperform rating to a Market Perform rating.


Sandler O'Neill upgraded Bank of America (NYSE: BAC) from a Hold rating to a Buy rating but the stock price fell.


International Business Machines (NYSE: IBM) reported lower fourth quarter earnings and revenue and forecast 2016 earnings below analyst estimates.


Investors locked in profits on Netflix (Nasdaq: NFLX).


Shares of Kinder Morgan (NYSE: KMI) ahead of its earnings release after market close.


In the broad market, declining issues outpaced advancers by a margin of 32 to 1 on the NYSE and by nearly 9 to 1 on Nasdaq. The broader S&P 500 slumped 68 points to 1,812. Bitcoin surged $27 to $409. 

Crude oil extended its losses by falling below $28 per barrel to send the markets plummeting to a sharply lower open with the Dow collapsing 331 points to 15,684. Nasdaq crashed 102 points to 4,374.


On the upside


Zafgen (Nasdaq: ZFGN) reported positive results from a Phase 3 trial of beloranib in patients with Prader-Willi syndrome.


Rebounding gold prices lifted shares of Harmony Gold (NYSE: HMY).


Kingtone Wirelessinfo Solution (Nasdaq: KONE) swung to a profit for fiscal 2015 as revenue surged.

 

On the downside


Investors locked in profits on Nxt-ID (Nasdaq: NXTD).


Bank of America Merrill Lynch downgraded Seadrill (NYSE: SDRL) from a Neutral rating to an Underperform rating.


WPX Energy (NYSE: WPX) repurchased notes and increased its hedges but the stock price fell.


In the broad market, declining issues outpaced advancers by a margin of more than 11 to 1 on the NYSE and by more than 7 to 1 on Nasdaq. The broader S&P 500 plunged 38 points to 1,843. Bitcoin soared $31 to $412. 

Mixed close as oil falls again

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The markets closed mixed with the Dow gaining 27 points to 16,016 as investors monitored global economic developments. Nasdaq lost 11 points to 4,476.


On the upside


Netflix (Nasdaq: NFLX) reported strong fourth quarter earnings that surpassed analyst expectations after market close.


Surpass selected Sphere 3D (Nasdaq: ANY) to upgrade two call centers with Sphere 3D's hybrid cloud solutions.


Credit Agricole upgraded Applied Materials (Nasdaq: AMAT) from an Outperform rating to a Buy rating.

 

On the downside


Falling crude oil prices weighed down shares of Vanguard Natural Resources (Nasdaq: VNR).


Shares of oilfield services firm C&J Energy Services (NYSE: CJES) tumbled on lower crude oil prices.


Investors locked in profits on Solazyme (Nasdaq: SZYM).


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added a point to 1,881. Bitcoin lost $4 to $381. 

Crude oil falls below $29

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The markets reversed course during the midday with the Dow slipping 17 points to 15,970 as crude oil prices fell below $29.00 per barrel. Nasdaq tumbled 35 points to 4,452.


On the upside


Bargain hunters lifted shares of TimkenSteel  (NYSE: TMST).


HollySys Automation Technologies (Nasdaq: HOLI) stock climbed as investors snapped up bargains.


Shares of Chimerix (Nasdaq: CMRX) continued to rise.

 

On the downside


Eleven Biotherapeutics (Nasdaq: EBIO) reported disappointing results from a Phase 3 clinical trial of its severe allergic conjunctivitis treatment isunakinra prompting a downgrade.


Falling crude oil prices weighed down shares of Bonanza Creek Energy (NYSE: BCEI).


Flotek Industries (NYSE: FTK) warned of declining oilfield activity in the fourth quarter and announced that the Securities and Exchange Commission opened an inquiry into the accuracy of the company's FracMax software.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 lost 7 points to 1,872. Bitcoin fell $6 to $379. 

Bargain hunting boosts markets

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After two weeks of sharp sell-offs, bargain hunters stepped in to lift the markets to a higher open with the Dow soaring 139 points to 16,127. Nasdaq climbed 38 points to 4,527.


On the upside


Aeterna Zentaris  (Nasdaq: AEZS) concluded a successful meeting of the clinical investigators for the confirmatory Phase 3 trial of Macrilen to evaluate adult growth hormone deficiency.


Waste Connections (NYSE: WCN) will pay a premium of approximately $2.67 billion in stock to acquire Progressive Waste Solutions (NYSE: BIN).


Rouse Properties (NYSE: RSE) received an unsolicited acquisition offer from Brookfield Asset Management (NYSE: BAM) of a premium of $17.00 per share in cash.

 

On the downside


Hortonworks (Nasdaq: HDP) will release fourth quarter and full year results after market close on February 10, 2016.


Retreating gold prices weighed down shares of Yamana Gold (NYSE: AUY).


Shares of California Resources (NYSE: CRC) slipped as crude oil prices fell.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 gained 11 points to 1,891. Bitcoin eased a fraction to $385. 

U.S. markets closed

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U.S. markets are closed for Martin Luther King Jr. day.

Second week of steep market losses

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The markets posted steep losses for the second week in a row with the Dow crashing 390 points to 15,988. Nasdaq dove 126 points to 4,488.


On the upside


Shares of Chemours (NYSE: CC) rose again.


Synutra International (Nasdaq: SYUT) chief executive Liang Zhang offered to take the company private for a premium of $5.91 per share in cash.

 

On the downside


Vanguard Natural Resources (Nasdaq: VNR) slashed its monthly cash distribution to common unit holders.


Stifel downgraded PROS Holdings (NYSE: PRO) from a Buy rating to a Hold rating.


Kessler Topaz Meltzer & Check filed a shareholder class action lawsuit against Osiris Therapeutics (Nasdaq: OSIR) alleging that the company and its executive officers made false and misleading statements to investors.


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


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plummeted 41 points to 1,880. Bitcoin dropped $3 to $365. 

Steep losses extended at midday

|

The markets extended its losses during the midday with the Dow diving 487 points to 15,892. Nasdaq collapsed 177 points to 4,437.


On the upside


Wynn Resorts (Nasdaq: WYNN) reported higher preliminary fourth quarter earnings and revenue for its Las Vegas operations.


Shares of Barrick Gold (NYSE: ABX) rose as gold prices climbed.

 

On the downside


SemGroup (Nasdaq: SEMG) subsidiary SemCAMS a long-term transportation contract in Wapiti, Alberta but the stock price tumbled.


Falling crude oil prices weighed down shares of Oasis Petroleum (NYSE: OAS).


Motley Fool listed Micron Technology (Nasdaq: MU) as one of the ten worst stocks in the S&P 500 in 2015.


Alcoa (NYSE: AA) expects aluminum demand in 2016 to exceed production but the stock price fell.


In the broad market, declining issues outpaced advancers by a margin of 10 to 1 on the NYSE and by nearly 8 to 1 on Nasdaq. The broader S&P 500 crashed 63 points to 1,858. Bitcoin plummeted $38 to $391. 

Crude oil prices dropped below $30 per barrel to send the markets plummeting with the Dow collapsing 357 points to 16,021. Nasdaq crashed 110 points to 4,504.


On the upside


Alon Blue Square Israel (NYSE: BSI) received another offer to purchase its holdings in Blue Square Real Estate.


Code Rebel (Nasdaq: CDRB) entered an agreement to merge with Aegis Identity Software.

 

Rising gold prices lifted shares of Harmony Gold (NYSE: HMY).


On the downside


A Food and Drug Administration advisory panel issued a negative assessment of Sarepta Therapeutics' (Nasdaq: SRPT) Duchenne muscular dystrophy treatment eteplirsen.


Intel (Nasdaq: INTC) reported better than expected earnings for the fourth quarter but the chipmaker warned of lower margins in the current quarter.


Citigroup (NYSE: C) reported sharply higher fourth quarter earnings on lower legal expenses but the stock price fell along with the markets.


In the broad market, declining issues outpaced advancers by a margin of more than 13 to 1 on the NYSE and by nearly 10 to 1 on Nasdaq. The broader S&P 500 plummeted 35 points to 1,885. Bitcoin plunged $36 to $393. 

Bargain hunters send markets soaring

|

Bargain hunters sent the markets soaring to a sharply higher close with the Dow leaping 227 points to 16,379. Nasdaq jumped 88 points to 4,615.


On the upside


Rebounding crude oil prices lifted shares of Energy Transfer Equity (NYSE: ETE) and Williams Companies (NYSE: WMB).


Shares of Intrexon (NYSE: XON) rose after presenting at the 34th Annual J.P. Morgan Healthcare Conference.

 

Zacks Equity Research wrote that MeetMe (Nasdaq: MEET) would be a good investment.


On the downside


Shares of Eclipse Resources (NYSE: ECR) continued falling.


Morgan Stanley slashed its price target on Mobileye (NYSE: MBLY) from $80 to $57.


Best Buy (NYSE: BBY) disappointed with lower same store holiday sales.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 surged 31 points to 1,921. Bitcoin eased a fraction to $429. 

Markets soar as crude oil rebounds

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Crude oil prices rebounded to lift the markets higher during the midday with the Dow surging 187 points to 16,339. Nasdaq leaped 56 points to 4,582.


On the upside


Big Shopping Centers and Mega Or Holdings offered to acquire the 53.8% of the outstanding shares of Blue Square Real Estate that is held by Alon Blue Square (NYSE: BSI).


IntelliPharmaCeutics International (Nasdaq: IPCI) reported successful bioequivalence results for its abuse deterrent Rexista Oxycodone XR.

 

Carlson Capital holds 4.7 million shares of Kindred Healthcare (NYSE: KND).


On the downside


Shares of SolarCity (Nasdaq: SCTY) tumbled after the Nevada Public Utilities Commission held its first hearing about new solar fees that were imposed last month.


Deutsche Bank downgraded Supervalu (NYSE: SVU) from a Buy rating to a Hold rating and cut its price target from $8.00 to $6.00.


Barclays downgraded Yamana Gold (NYSE: AUY) from an Overweight rating to an Equal Weight rating.


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 soared 20 points to 1,911. Bitcoin eased $1 to $431. 

The markets surged to a sharply higher open with the Dow leaping 205 points to 16,357 as investors snapped up bargains after yesterday's broad sell-off. Nasdaq soared 45 points to 4,571.


On the upside


Financial Times reported that WebMD (Nasdaq: WBMD) was exploring a possible sale.


Infosys (NYSE: INFY) reported higher third quarter revenue and lifted its full year revenue guidance.

 

Bargain hunters lifted shares of Freeport-McMoRan (NYSE: FCX).


On the downside


GoPro (Nasdaq: GPRO) warned that fourth quarter revenue would fall far short of expectations and announced that it would eliminate 7% of its workforce.


Shares of Ambarella (Nasdaq: AMBA), which supplies chips to GoPro, tumbled.


B. Riley downgraded Yelp (NYSE: YELP) from a Neutral rating to a Sell rating.


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 a slim margin on Nasdaq. The broader S&P 500 surged 23 points to 1,913. Bitcoin held steady at $432. 

The markets collapsed to close sharply lower with the Dow sinking 364 points to 16,151 over global economic concerns and crude oil prices that remained below $31 per barrel. Nasdaq swooned 159 points to 4,526.


On the upside


General Motors (NYSE: GM) lifted its full year earnings outlook, increased its stock repurchase plan and raised its quarterly dividend.


Microchip Technology (Nasdaq: MCHP) offered a premium of approximately $3.42 billion in cash and stock to acquire Atmel (Nasdaq: ATML).

 

Bargain hunters lifted shares of Southwestern Energy (NYSE: SWN).


On the downside


Shares of Williams Companies (NYSE: WMB) continued falling in the wake of a credit downgrade by Fitch Ratings on Monday.


Freeport-McMoRan (NYSE: FCX) stock fell again over concerns that a slowdown in the Chinese economy will negatively impact revenue.


Scorpio Services Holding has purchased 338,436 shares of Scorpio Bulkers (NYSE: SALT) common stock.


In the broad market, declining issues outpaced advancers by a margin of nearly 8 to 1 on the NYSE and by nearly 7 to 1 on Nasdaq. The broader S&P 500 plunged 48 points to 1,890. Bitcoin plummeted $14 to $432. 

Markets collapse on falling crude oil

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Crude oil prices slipped again to send the markets plummeting during the midday with the Dow collapsing 272 points to 16,243. Nasdaq crashed 129 points to 4,556.


On the upside


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


Rising gold prices lifted shares of Harmony Gold (NYSE: HMY).

 

Sagent Pharmaceuticals (Nasdaq: SGNT) retained the services of Perella Weinburg Partners to explore strategic options.


On the downside


LendingTree (Nasdaq: TREE) lifted its full year and fourth quarter forecast but the stock price tumbled.


Profit taking continued to weigh down shares of MeetMe (Nasdaq: MEET).


Investors locked in profits on LightPath Technologies (Nasdaq: LPTH).


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plummeted 32 points to 1,906. Bitcoin plunged $17 to $429. 

The markets opened lower with the Dow losing 19 points to 16,496 despite a rebound in crude oil prices. Nasdaq fell 16 points to 4,669.


On the upside


A Food and Drug Administration advisory committee recommended approval of the opioid addiction treatment Probuphine that uses Titan Pharmaceuticals' (Nasdaq: TTNP) ProNeura continuous drug delivery system.


TheMarker reported that Check Point Software Technologies engaged in discussions to acquire CyberArk Software (Nasdaq: CYBR).

 

Ctrip.com (Nasdaq: CTRP) will invest in Qunar Cayman Islands (Nasdaq: QUNR) through a limited partnership capital contribution.


On the downside


Appaloosa Management filed suit to halt SunEdison (NYSE: SUNE) from acquiring some of Vivint Solar's assets.


Supervalu (NYSE: SVU) reported sharply lower third quarter earnings as revenue slipped.


American Axle & Manufacturing Holdings (Nasdaq: AXL) warned that 2016 revenue would fall short of analyst expectations.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 held steady at 1,938. Bitcoin dropped $15 to $430. 

The markets yo-yoed to close sharply higher with the Dow soaring 117 points to 16,516 even as crude oil fell below $31 per barrel. Nasdaq surged 47 points to 4,685.


On the upside


Bargain hunters lifted shares of Zafgen (Nasdaq: ZFGN).


Burlington Stores (NYSE: BURL) affirmed its fourth quarter and full year outlook.

 

Shares of The Container Store (NYSE: TCS) rose as investors snapped up bargains.


On the downside


Southcross Energy Partners (NYSE: SXE) stock continued falling.


Boot Barn (NYSE: BOOT) trimmed its third quarter earnings outlook.


Investors locked in profits on Anavex Life Sciences (Nasdaq: AVXL).


In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 gained 15 points to 1,938. Bitcoin lost $2 to $445. 

Crude oil prices retreated during the midday to hover near $30 per barrel. The markets reversed course with the Dow slipping 18 points to 16,380. Nasdaq added 4 points to 4,642.


On the upside


Recon Technology (Nasdaq: RCON) will sell chemical agents to Qinghai Oilfields for wastewater treatment.


Silicon Graphics International (Nasdaq: SGI) reported preliminary results for the second quarter that surpassed previous guidance.

 

Apollo Education Group (Nasdaq: APOL) retained the services of Barclays Capital and Credit Suisse to explore strategic options.


On the downside


Axiom Capital Management analyst Gordon Johnson questioned the steep expenses of SunEdison's (NYSE: SUNE) debt restructuring.


Heartware International (Nasdaq: HTWR) reported preliminary fourth quarter revenue that missed expectations.


Skullcandy (Nasdaq: SKUL) lowered is fourth quarter earnings and revenue guidance.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 slipped a point to 1,921. Bitcoin lost $2 to $445. 

The markets opened higher with the Dow gaining 70 points to 16,468 as crude oil prices rose. Nasdaq soared 44 points to 4,682.


On the upside


Biocept (NYSE: BIOC) entered an agreement to allow Blue Cross Blue Shield members access to Biocept's suite of blood-based biopsy testing.


Intrawest Resorts Holdings (NYSE: SNOW) commenced a modified Dutch auction tender offer to purchase up to $50 million of its common stock.

 

Super Micro Computer (Nasdaq: SMCI) reported preliminary second quarter earnings and revenue that topped previous guidance.


On the downside


Eldorado Gold (NYSE: EGO) suspended mining projects in Greece.


Market Realist noted that Teekay Tankers (NYSE: TNK) provided a 0% return to investors in the fourth quarter.


Ascena Retail (Nasdaq: ASNA) reported a 4% drop in same store sales over the holiday shopping season.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 leaped 20 points to 1,943. Bitcoin lost $3 to $444. 

Mixed close as oil drops

|

The markets closed mixed with the Dow gaining 52 points to 16,398 even as crude oil prices fell again. Nasdaq lost 5 points to 4,637.


On the upside


FXCM (NYSE: FXCM) entered a partnership with professional trading software developer PFSOFT.


Bargain hunters lifted shares of Advanced Micro Devices (Nasdaq: AMD).

 

Macy's (NYSE: M) shareholder Starboard proposed that the department store operator pursue joint venture structures for the company's real estate holdings in order to unlock $10 billion in shareholder value.


On the downside


A. Schulman (Nasdaq: SHLM) disappointed with sharply lower first quarter earnings that fell short of analyst expectations.


bluebird bio (Nasdaq: BLUE) will not update investors on the clinical progress of LentiGlobin BB305 in June.


Shares of Peabody Energy (NYSE: BTU) plunged after rival Arch Coal (NYSE: ACI) filed for bankruptcy protection.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 added a point to 1,923. Bitcoin rose $2 to $447. 

The markets reversed course during the midday to trade lower with the Dow falling 43 points to 16,302 as crude oil prices fell below $32 per barrel. Nasdaq dropped 37 points to 4,606.


On the upside


Northstar Asset Management (NYSE: NSAM) retained the services of Goldman Sachs to explore strategic alternatives to increase shareholder value.


Shares of Sientra (Nasdaq: SIEN) climbed over optimism that safety issues of its implant products have been resolved.

 

Select Medical Holdings (NYSE: SEM) forecast full year earnings and revenue below analyst estimates but the stock price rose.


On the downside


Novartis (NYSE: NVS) halted enrollment in a clinical trial of GenVec's (Nasdaq: GNVC) CGF166.


TimkenSteel's (NYSE: TMST) independent public accounting firm Ernst & Young reissued financial statements for the 2015 full year after TimkenSteel amended a credit agreement.


Shares of Diana Shipping (NYSE: DSX) extended its losses.


In the broad market, declining issues outpaced advancers 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 lost 6 points to 1,915. Bitcoin added $1 to $447. 

Higher open after last week's rout

|

The markets opened higher with the Dow climbing 67 points to 16,414 after last week's disastrous collapse. Nasdaq rose 10 points to 4,654.


On the upside


Thermo Fisher Scientific (NYSE: TMO) will pay a premium of approximately $1.3 billion in cash to acquire Affymetrix (Nasdaq: AFFX).


Acorn International (NYSE: ATV) will repurchase up to $2 million in American depositary shares.

 

Anavex Life Sciences (Nasdaq: AVXL) reported a positive dose-response relationship in an ongoing Phase 2a trial of its Alzheimer's disease treatment ANAVEX 2-73.


On the downside


Motley Fool identified Freeport-McMoRan (NYSE: FCX) as one of two worst dividend stocks of 2015.


Shares of Fitbit (NYSE: FIT) extended its losses over growing concerns that the company's Blaze watch will not be able to compete against the smart watches.


McKesson (NYSE: MCK) trimmed its full year earnings outlook.


In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 3 points to 1,925. Bitcoin slipped $1 to $444. 

The markets reversed course in late afternoon trading to close lower with the Dow plummeting 167 points to 16,346 as crude oil prices fell below $33 per barrel. Nasdaq plunged 45 points to 4,643.


On the upside


Harvard Apparatus Regenerative Technology (Nasdaq: HART) scheduled initial implant surgeries of bioengineered organs on January 22 and February 2.


Bargain hunters lifted shares of Qunar Cayman Islands (Nasdaq: QUNR).

 

Shares of MakeMyTrip (Nasdaq: MMYT) extended its gains.


On the downside


Investors continued to lock in profits on Weight Watchers International (NYSE: WTW).


Profit taking weighed down shares of Auris Medical Holding (Nasdaq: EARS) for the second day.


Conn's (Nasdaq: CONN) stock continued to fall.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 plunged 21 points to 1,922. Bitcoin lost $1 to $452. 

The markets traded flat during the midday with the Dow gaining 12 points to 16,526 despite an upbeat jobs report. Nasdaq added 7 points to 4,696.


On the upside


The Connecticut Siting Council approved a 63.3 megawatt fuel cell power plant that will use FuelCell Energy (Nasdaq: FCEL) systems.


Bargain hunters snapped up shares of JinkoSolar (NYSE: JKS).

 

Glu Mobile (Nasdaq: GLUU) will report fourth quarter and full year financial results after market close on Wednesday, February 3, 2016.


On the downside


The Container Store (NYSE: TCS) fell to a greater than expected loss for the third quarter and forecast fourth quarter results that fell short of expectations.


Southcross Energy Partners (NYSE: SXE) suspended its quarterly cash dividend and closed a $14 million unsecured loan.


Flamel Technologies (Nasdaq: FLML) provided an update on its corporate progress.


In the broad market, advancing issues were on par with decliners on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 rose 4 points to 1,947. Bitcoin lost $8 to $445. 

Strong December job growth lifted the markets to a higher open with the Dow rising 32 points to 16,546. Nasdaq gained 29 points to 4,718.


On the upside


Athersys (Nasdaq: ATHX) partnered with Healios to develop and commercialize cell therapy treatment MultiStem to treat ischemic stroke in Japan.


NGL Energy Partners (NYSE: NGL) will sell TransMontaigne to an affiliate of ArcLight Capital Partners for $350 million in cash.

 

Avondale upgraded SunEdison (Nasdaq: SUNE) from a Market Perform rating to a Market Outperform rating.


On the downside


American Eagle Outfitters (NYSE: AEO) reported a smaller than expected increase in fourth quarter same store sales.


Barracuda Networks (NYSE: CUDA) widened third quarter losses more than expected prompting a downgrade.


The Gap (NYSE: GPS) disappointed with a 4% drop in December same store sales.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 rose 4 points to 1,947. Bitcoin edged up to $454. 

Global geopolitical tensions and economic fears sent the markets tumbling to a sharply lower close with the Dow collapsing 392 points to 16,514. Nasdaq crashed 146 points to 4,689.


On the upside


Ctrip.com International (Nasdaq: CTRP) will invest $180 million in MakeMyTrip (Nasdaq: MMYT).


Shares of defense and security products provider Arotech (Nasdaq: ARTX) climbed as tensions in the Middle East and North Korea intensified.

 

Zumiez (Nasdaq: ZUMZ) lifted its fourth quarter earnings and revenue outlook.


On the downside


Ardelyx (Nasdaq: ARDX) will offer up to $75 million in common stock through a public offering.


General Electric (NYSE: GE) has divested $157 billion from GE Capital.


Profit taking weighed down shares of Majesco Entertainment (Nasdaq: COOL).


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plummeted 47 points to 1,943. Bitcoin edged up to $454. 

Spooked investors unloaded their holdings sending the markets plummeting with the Dow crashing 365 points to 16,540. Nasdaq slumped 133 points to 4,702.


On the upside


Biocept (Nasdaq: BIOC) launched its prostate cancer detection and monitoring test that uses a patient's blood.


uniQure (Nasdaq: QURE) reported positive preliminary results from an ongoing PhaseI/II clinical trial of AMT-060 in adult hemophilia B patients.

 

J.C. Penney (NYSE: JCP) reported a strong 3.9% increase in same store sales during the holiday months of November and December.


On the downside


TetraLogic Pharmaceuticals (Nasdaq: TLOG) reported disappointing results from a Phase 2 study of birinapant to treat myelodysplastic syndromes.


Caladrius Biosciences (Nasdaq: CLBS) discontinued a Phase 3 study of CLBS20 to treat metastatic melanoma and will direct more resources to its cell therapy development subsidiary PCT.


Shares of California Resources (NYSE: CRC) dropped as crude oil prices continued to fall.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on the NYSE and by 6 to 1 on Nasdaq. The broader S&P 500 sank 42 points to 1,948. Bitcoin soared $21 to $452. 

China halted its markets for the second time this week as steep stock losses mounted.  Domestic markets reacted with the Dow plummeting 230 points to 16,676. Nasdaq plunged 95 points to 4,740.


On the upside


Inventergy (Nasdaq: INVT) amended a patent purchase agreement with one of its patent partners that will save the company approximately $17.3 million in liabilities.


Dynavax Technologies (Nasdaq: DVAX) reported positive results from a Phase 3 clinical trial of its hepatitis B vaccine HEPLISAV-B(TM).

 

Shares of Barrick Gold (NYSE: ABX) and Harmony Gold (NYSE: HMY) continued rising as gold prices advanced again.


On the downside


SunEdison (NYSE: SUNE) priced $725 million in Second Lien Secured Term Loans and entered into exchange agreements with convertible senior note holders and perpetual convertible preferred stock owners.


Galena Biopharma (Nasdaq: GALE) priced its public offering of common stock and warrants at the discounted price of $1.10 per unit.


Epizyme (Nasdaq: EPZM) priced its public offering of approximately 13.33 million common shares at the discounted price of $9.00 per share.


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by more than 6 to 1 on Nasdaq. The broader S&P 500 plunged 27 points to 1,962. Bitcoin climbed $19 to $450. 

The markets plunged to close sharply lower with the Dow crashing 252 points to 16,906 as crude oil dropped below $34 per barrel. Nasdaq plummeted 55 points to 4,835.


On the upside


OceanFirst Financial (Nasdaq: OCFC) will pay a premium of approximately $208.1 million to acquire Cape Bancorp (Nasdaq: CBNJ).


Netflix (Nasdaq: NFLX) launched its services in more than 130 new countries around the world.

 

Shares of Barrick Gold (NYSE: ABX) rose on higher gold prices.


On the downside


hhgregg (NYSE: HGG) reported lower preliminary third quarter revenue as same store sales dropped approximately 11%.


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


ACADIA Pharmaceuticals (Nasdaq: ACAD) will sell $300 million in common stock through a public offering.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 plunged 26 points to 1,990. Bitcoin slipped $1 to $430. 

The markets continued tumbling during the midday with the Dow plummeting 224 points to 16,934 as expansion of the nation's services sector slowed in December. Nasdaq plunged 43 points to 4,847.


On the upside


Zacks Equity Research added Auris Medical Holding (Nasdaq: EARS) to its Zacks Rank # 1 (Strong Buy) List.


MaxLinear (NYSE: MXL) reported preliminary fourth quarter revenue at the high end of it previous guidance and forecast first quarter revenue ahead of estimates.

 

MeetMe (Nasdaq: MEET) lifted its full year earnings and revenue outlook.


On the downside


Epizyme (Nasdaq: EPZM) will offer $120 million in common stock through a public offering.


FBR Capital Markets downgraded Stone Energy (NYSE: SGY) from an Outperform rating to a Market Perform rating.


Southwestern Energy (NYSE: SWN) named Bill Way to the position of chief executive officer.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 plummeted 20 points to 1,995. Bitcoin slipped $1 to $430. 

The nation's trade deficit narrowed in November but the markets opened sharply lower with the Dow plunging 189 points to 16,969 as crude oil prices dropped again. Nasdaq tumbled 38 points to 4,853.


On the upside


General Steel Holdings (Nasdaq: CNAT) reported positive initial stage results from a Phase 2 Liver Cirrhosis clinical trial.


Majesco Entertainment (Nasdaq: COOL) declared a special dividend of 33 cents per common share payable on January 15, 2016 to shareholders of record on January 14, 2016.

 

Rising gold prices lifted shares of Harmony Gold (NYSE: HMY).


On the downside


AutoNation (NYSE: AN) warned of lower profit margins.


Moody's Investors Service placed Freeport-McMoRan's (NYSE: FCX) Baa3 senior unsecured rating and Baa2 senior unsecured rating under review for possible downgrades.


Investors locked in profits on WPX Energy (NYSE: WPX).


In the broad market, declining issues outpaced advancers by a margin of more than 6 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plunged 23 points to 1,993. Bitcoin slipped $1 to $430. 

Mixed close on record auto sales

|

The markets recovered to close mixed with the Dow rising 9 points to 17,158 on record auto sales in 2015. Nasdaq lost 11 points to 4,891.


On the upside


General Steel Holdings (NYSE: GSI) will sell its steel manufacturing business.


Goldman Sachs upgraded First Solar (Nasdaq: FSLR) from a Neutral rating to a Buy rating.

 

American Electric Technologies (Nasdaq: AETI) entered a new $8.5 million credit facility.


On the downside


Vuzix (Nasdaq: VUZI) will showcase their iWear Wireless video headphones, VidWear 3000 waveguide sunglasses and M3000 monocular waveguide smart glasses at CES 2016.


Akebia Therapeutics (Nasdaq: AKBA) will sell $75 million in common stock through a public offering.


Zacks identified Avon (NYSE: AVP) as the Bear of the Day saying that the company's turnaround plan has not produced desired results.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 4 points to 2,016. Bitcoin slipped $1 to $431. 

The markets traded lower during the midday with the Dow falling 84 points to 17,064 over continued concerns about the Chinese economy. Nasdaq lost 24 points to 4,879.


On the upside


Nautilus (NYSE: NLS) opened The Nautilus Shop retail store and showroom at its global headquarters in Vancouver.


Spirit Airlines (Nasdaq: SAVE) appointed Robert L. Fornaro to the position of president and chief executive officer.

 

Chimerix (Nasdaq: CMRX) will present at the 34th Annual J.P. Morgan Healthcare Conference on January 12, 2016.


On the downside


Deutsche Bank downgraded Republic Airways (Nasdaq: RJET) from a Buy rating to a Hold rating.


KeyBanc Capital Markets downgraded C&J Energy Services (NYSE: CJES) from an Overweight rating to a Sector Weight rating.


Fitbit (NYSE: FIT) introduced its new Blaze fitness watch but concerns that it cannot compete against the Apple Watch (Nasdaq: AAPL) weighed down shares of the wearable fitness tracking device maker.


In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 lost 5 points to 2,007. Bitcoin slipped $2 to $431. 

The markets opened mixed with the Dow losing 35 points to 17,113 while Nasdaq added 2 points to 4,905 as investors monitored global markets.


On the upside


Smith & Wesson (Nasdaq: SWHC) lifted its third quarter and full year earnings and revenue guidance.


JPMorgan affirmed its Overweight rating on GoPro (Nasdaq: GPRO).

 

Progressive Waste Solutions (NYSE: BIN) retained the services of JPMorgan Securities to review strategic alternatives to enhance shareholder value.


On the downside


MannKind's (Nasdaq: MNKD) license and collaboration agreement with Sanofi to develop and commercialize Affrezza Inhalation Powder has been terminated.


Ford (NYSE: F) reported December sales that fell short of analyst expectations.


Netflix (Nasdaq: NFLX) expanded its agreement with DreamWorks (Nasdaq: DWA) to launch several new original series and to stream feature films from the DreamWorks library.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 6 on  both the NYSE and on Nasdaq. The broader S&P 500 slipped a point to 2,011. Bitcoin lost $1 to $432. 

The markets plunged on the first trading day of 2016 with the Dow plummeting 276 points to 17,148 in the wake of the Chinese market crash. Nasdaq collapsed 104 points to 4,903.


On the upside


Shares of SunEdison (NYSE: SUNE) continued rising.


Zacks Investment Research named LightPath Technologies (Nasdaq: LPTH) as one of the best small cap stocks in 2015.

 

Raymond James analyst John Freeman downgraded Chesapeake Energy (NYSE: CHK) from a Market Perform rating to an Underperform rating but the stock price rose.


On the downside


Shares of California Resources (NYSE: CRC) slipped as crude oil prices fell.


Fidelity Investments switched credit card partners from Bank of America (NYSE: BAC) to Visa (NYSE: V) and U.S. Bancorp (NYSE: USB).


Willis Group (NYSE: WSH) said that the pricing floor for reinsurance will continue to soften.


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 plunged 31 points to 2,012. Bitcoin rose $6 to $433. 

Global economic concerns sink stocks

|

Global economic concerns sparked by the collapse of the Chinese market sent stocks plummeting during the midday with the Dow crashing 366 points to 17,058. Nasdaq collapsed 126 points to 4,880.


On the upside


General Steel Holdings (NYSE: GSI) elected five members to its board, appointed Friedman LLP as the independent registered public accounting firm, ratified an amendment to the 2008 Equity Incentive Plan and approved executive officer compensation.


FuelCell Energy (Nasdaq: FCEL) will install a 5.6 megawatt fuel cell power integration system at Pfizer's research and development facility in Groton, Connecticut.

 

3D Systems (NYSE: DDD) introduced its ProX DMP 320 direct metal 3D printer.


On the downside


Qunar Cayman Islands (Nasdaq: QUNR) named Zhenyu Chen to the position of chief executive officer, Qiang Zhang to the position of chief operating officer and Xiaolu Zhu to the position of chief financial officer.


Investors continued to lock in profits on Perion Networks (Nasdaq: PERI).


Zacks Equity Research recommended Axovant Sciences (NYSE: AXON) as a solid investment in biomedical sector but the stock price fell.


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plummeted 46 points to 1,996. Bitcoin rose $5 to $432. 

The Chinese market crash sent domestic markets plummeting to open sharply lower with the Dow collapsing 374 points to 17,050. Nasdaq sank 123 points to 4,884.


On the upside


Rising crude oil prices lifted shares of energy infrastructure provider Kinder Morgan (NYSE: KMI).


Atlas Resource Partners (NYSE: ARP) stock rose as crude oil prices rebounded.


On the downside


Shares of JD.com (Nasdaq: JD) fell along with China's market crash.


Alibaba's (NYSE: BABA) finance unit Zhejian Ant Small & Micro Financial Services Group plans to raise approximately $1.5 billion by issuing stock.


Apple (Nasdaq: AAPL) increased the prices of iPhones and iPads in Germany due to a higher copyright levy.

 

Fiat Chrysler (NYSE: FCAU) completed the spinoff of Ferrari (NYSE: RACE).


In the broad market, declining issues outpaced advancers by a margin of nearly 8 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 plummeted 37 points to 2,006. Bitcoin added $4 to $431. 

U.S. markets closed

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