February 2016 Archives

The markets retreated in late afternoon trading to close sharply lower with the Dow plunging 123 points to 16,516 after China announced the elimination of 1.8 million jobs in the coal and steel industry. Nasdaq tumbled 32 points to 4,557.


On the upside


Scorpio Bulkers (NYSE: SALT) reported a smaller than expected loss for the fourth quarter as revenue climbed.


Shares of J.C. Penney (NYSE: JCP) continued climbing.


Cliffs Natural Resources (NYSE: CLF) accepted for exchange approximately $512 million in senior notes.


On the downside


The Securities and Exchange Commission is investigating Valeant Pharmaceuticals (NYSE: VRX) in yet another probe.


Altisource Portfolio Solutions (Nasdaq: ASPS) reported a preliminary loss for the fourth quarter and will delay filing its annual report.


Fourth quarter earnings tumbled for Federal Signal (NYSE: FSS) as revenue dropped and the company announced plans to acquire Joe Johnson Equipment for approximately $79 million.


In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 dropped 15 points to 1,932. Bitcoin added $2 to $433. 

Markets advance as crude oil rebounds

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Crude oil prices rebounded to lift the markets higher during the midday with the Dow climbing 70 points to 16,710. Nasdaq gained 26 points to 4,617.


On the upside


Shares of SeaDrill (NYSE: SDRL) continued rising.


FBR Capital analyst Christopher S. James upgraded Keryx Biopharmaceuticals (Nasdaq: KERX) from a Market Perform rating to an Outperform rating.


Fourth quarter earnings and revenue climbed for BroadSoft (Nasdaq: BSFT) to beat expectations.


On the downside


Endo International (Nasdaq: ENDP) fell to a loss for the fourth quarter.


Ocwen Financial (NYSE: OCN) reported a loss for the fourth quarter.


Raymond James downgraded Southwestern Energy (NYSE: SWN).


In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 8 points to 1,956. Bitcoin rose $5 to $436. 

Mixed open as pending home sales fall

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The markets opened mixed with the Dow losing 16 points to 16,623 while Nasdaq added 4 points to 4,595 as pending home sales fell in January.


On the upside


API Technologies (Nasdaq: ATNY) will  be acquired by an affiliate of private equity firm J. F. Lehman & Co. for a premium of $2.00 per share in cash.


Carl Icahn offered a premium of approximately $213 million to acquire the 18% of Federal-Mogul Holdings (Nasdaq: FDML) that he does not already own.


Taser International (Nasdaq: TASR) reported a greater than expected profit for the fourth quarter as revenue climbed and announced plans to repurchase $50 million in common shares.


On the downside


Intrepid Potash (NYSE: IPI) fell to a greater than expected loss for the fourth quarter and will no longer provide financial guidance.


Horizon Pharma (Nasdaq: HZNP) swung to a profit for the fourth quarter but the results missed expectations.


United Natural Foods (Nasdaq: UNFI) will pay approximately $217.5 million in cash to acquire Haddon House Food Products.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 slipped 2 points to 1,945. Bitcoin rose $6 to $437. 

Mixed close as crude oil prices slip

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Despite an upward revision of the GDP, the markets closed mixed with the Dow falling 57 points to 16,639 as crude oil prices slipped. Nasdaq rose 8 points to 4,590.


On the upside


Kindred Healthcare (NYSE: KND) swung to a greater than expected profit for the fourth quarter and forecast current quarter as well as full year earnings ahead of estimates.


Stamps.com (Nasdaq: STMP) reported a smaller than expected loss for the fourth quarter and forecast full year results above expectations.


Zoe's Kitchen (NYSE: ZOES) swung to a better than expected fourth quarter profit as revenue climbed.


On the downside


PTC Therapeutics (Nasdaq: PTCT) may stop selling Translarna in Germany through the German pharmacy ordering system.


PharMerica (NYSE: PMC) reported higher fourth quarter earnings but the company forecast full year earnings below expectations.


Fourth quarter earnings and revenue fell for PRA Group (Nasdaq: PRAA).


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 3 points to 1,948. Bitcoin added $1 to $424. 

Gains extended as crude oil rises

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The markets extended its gains during the midday with the Dow rising 33 points to 16,731 as crude oil prices rose. Nasdaq gained 15 points to 4,598.


On the upside


Apollo Commercial Real Estate Finance (NYSE: ARI) will pay a premium of approximately $14.59 per share in cash and stock to acquire Apollo Residential Mortgage (NYSE: AMTG).


Alarm.com Holdings (Nasdaq: ALRM) reported better than expected earnings and revenue for the fourth  quarter and forecast full year results ahead of estimates.


Bargain hunters snapped up shares of Unit (NYSE: UNT).


On the downside


The Food and Drug Administration placed Cara Therapeutics' (Nasdaq: CARA) postoperative pain trial for I.V. CR845 on clinical hold.


Harsco (NYSE: HSC) narrowed losses for the fourth quarter but revenue dropped to fall short of expectations and the company forecast current quarter as well as full year earnings below estimates.


Orexigen Therapeutics (Nasdaq: OREX) fell to a greater than expected loss for the fourth quarter as revenue plunged.


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 added 3 points to 1,955. Bitcoin added $1 to $424. 

Higher open as GDP revised upward

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An upward revision of the nation's gross domestic product in the fourth quarter lifted the markets to a higher open with the Dow adding 12 points to 16,709. Nasdaq gained 10 points to 4,592.


On the upside


A Delaware court will allow TerraForm to purchase certain assets from SunEdison (NYSE: SUNE) as part of SunEdison's acquisition of Vivint Solar (Nasdaq: VSLR).


Fourth quarter revenue surged for Scientific Games (Nasdaq: SGMS).


Herbalife (NYSE: HLF) reported better than expected results for the fourth quarter.


On the downside


Republic Airways Holdings (Nasdaq: RJET) filed for Chapter 11 bankruptcy protection.


Peregrine Pharmaceuticals (Nasdaq: PPHM) ended a Phase III SUNRISE trial of bavituximab in patients with previously treated locally advanced or metastatic non-squamous non-small cell lung cancer.


Weight Watchers (NYSE: WTW) fell to a greater than expected loss for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 rose 4 points to 1,955. Bitcoin added $2 to $425. 

Markets soar as crude oil rebounds

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The markets closed sharply higher with the Dow leaping 212 points to 16,697 as crude oil prices rebounded to settle just below $33 per barrel. Nasdaq climbed 39 points to 4,582.


On the upside


Fourth quarter earnings surged for LendingTree (Nasdaq: TREE) to surpass analyst expectations by a wide margin.


EnerNOC (Nasdaq: ENOC) widened losses for the fourth quarter but revenue climbed to top estimates.


JANA Partners acquired an 8% stake in TeamHealth Holdings (NYSE: TMH).


On the downside


Patriot National (NYSE: PN) widened fourth quarter losses.


Relypsa (Nasdaq: RLYP) widened losses for the fourth quarter.


Fourth quarter earnings and revenue climbed for NetEase (Nasdaq: NTES) but profit margins fell.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 surged 21 points to 1,951. Bitcoin slipped $1 to $422. 

Markets advance at midday

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The markets advanced during the midday with the Dow soaring 90 points to 16,575 as durable goods orders climb more than expected. Nasdaq rose 3 points to 4,546.


On the upside


Vivint Solar (NYSE: VSLR) shareholders approved plans to be acquired by SunEdison (NYSE: SUNE).


KEYW Holding (Nasdaq: KEYW) narrowed fourth quarter losses more than expected as revenue rose.


Dynegy (NYSE: DYN) formed a joint venture with Energy Capital Partners to acquire ENGIE's United States fossil portfolio.


On the downside


Citigroup downgraded C&J Energy (NYSE: CJES) yesterday from a Buy rating to a Neutral rating.


Unit (NYSE: UNT) widened fourth quarter losses significantly as revenue plunged.


PHH (NYSE: PHH) widened losses for the fourth quarter on lower revenue.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners edged out advancers by 5 to 4 on Nasdaq. The broader S&P 500 rose 5 points to 1,935. Bitcoin slipped $1 to $422. 

Mixed open as jobless claims rise

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The markets opened mixed with the Dow rising 21 points to 16,506 while Nasdaq lost 6 points to 4,536 as jobless claims rose more than expected.


On the upside


Southern Company (NYSE: SO) will pay a premium of approximately $431 million in cash to acquire PowerSecure International (NYSE: POWR).


NorthStar Realty Finance (NYSE: NRF) retained the services of UBS Investment Bank to explore a potential recombination transaction with NorthStar Asset Management Group.


Diamond Resorts International (NYSE: DRII) will explore strategic alternatives to maximize shareholder value.


On the downside


Bankrate (NYSE: RATE) reported sharply lower fourth quarter earnings that fell short of expectations prompting downgrades.


Restoration Hardware (NYSE: RH) warned that fourth quarter results would miss estimates by a wide margin.


Fourth quarter revenue for Energy Transfer Equity (NYSE: ETE) tumbled.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 edged up to 1,930. Bitcoin held steady at $423. 

Markets rebound as crude oil rises

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The markets rebounded in late afternoon trading to close higher with the Dow gaining 53 points to 16,484 despite disappointing economic data as crude oil prices rose. Nasdaq climbed 39 points to 4,542.


On the upside


Tronox (NYSE: TROX) narrowed fourth quarter losses as revenue climbed.


Chemours (NYSE: CC) fell to a loss for the fourth quarter but the company amended its credit agreement.


Sequential Brands (Nasdaq: SQBG) reported a smaller than expected loss for the fourth quarter as revenue surged.


On the downside


Shares of Skyline Medical (Nasdaq: SKLN) continued falling.


Enphase Energy (Nasdaq: ENPH) fell to a greater than expected loss for the fourth quarter as revenue tumbled.


Adamas Pharmaceuticals (Nasdaq: ADMS) swung to a fourth quarter loss as revenue plunged.


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 gained 8 points to 1,929. Bitcoin added $2 to $423. 

Markets fall as new home sales tumble

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A sharp 9.2% drop in new home sales sent the markets tumbling during the midday with the Dow plummeting 152 points to 16,278. Nasdaq dropped 34 points to 4,468.


On the upside


DreamWorks Animation (Nasdaq: DWA) swung to a greater than expected profit for the fourth quarter as revenue climbed.


Ixia (Nasdaq: XXIA) reported sharply higher fourth quarter earnings that beat analyst expectations as revenue rose and announced plans to repurchase up to $25 million of common stock.


Fourth quarter earnings and revenue surged for Adeptus Health (NYSE: ADPT) to surpass expectations.


On the downside


Memorial Resource Development (Nasdaq: MRD) disappointed with lower fourth quarter earnings and revenue.


Shares of Hertz (NYSE: HTZ) dropped after rival Avis (Nasdaq: CAR) posted a quarterly loss.


Fourth quarter earnings plunged for New York Mortgage Trust (Nasdaq: NYMT) to miss analyst expectations by a wide margin.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 tumbled 17 points to 1,903 Bitcoin added $2 to $423. 

Oil prices drop, markets tumble

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Crude oil prices fell below $31 per barrel sending the markets plummeting at the open with the Dow collapsing 240 points to 16,191. Nasdaq plummeted 69 points to 4,43.


On the upside


Encana (NYSE: ECA) reported a smaller than expected loss for the fourth quarter, slashed its 2016 capital expenditures, reduced its quarterly dividend and cut its workforce.


Chesapeake Energy (NYSE: CHK) fell to a loss for the fourth quarter and announced drastic spending cuts for 2016.


Etsy (Nasdaq: ETSY) narrowed fourth quarter losses as revenue rose more than expected.


On the downside


Avis Budget Group (Nasdaq: CAR) fell to a loss for the fourth quarter and forecast full year earnings below expectations.


The Advisory Board (Nasdaq: ABCO) widened fourth quarter losses.


Shares of C&J Energy Services (NYSE: CJES) extended its losses.


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 plunged 27 points to 1,893 Bitcoin added $2 to $423. 

Retreating crude oil prices along with a drop in consumer confidence sent the markets down to a sharply lower close with the Dow plummeting 188 points to 16,431. Nasdaq plunged 67 points to 4,503.


On the upside


Scientific Reports published a study by Ziopharm Oncology (Nasdaq: ZIOP) chief executive Laurence Cooper, M.D., Ph.D. describing genetic editing of human leukocyte antigen in hematopoietic stem cells.


Texas Roadhouse (Nasdaq: TXRH) reported higher fourth quarter earnings that topped analyst estimates.


McDermott International (NYSE: MDR) reported a smaller than expected loss for the fourth quarter.


On the downside


C&J Energy Services (NYSE: CJES) fell to a loss for the fourth quarter.


BMO Capital downgraded Century Aluminum (Nasdaq: CENX) from an Outperform rating to a Market Perform rating.


On Deck Capital (NYSE: ONDK) reported a loss for the fourth quarter and forecast current quarter as well as full year revenue that missed expectations.


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 3 on Nasdaq. The broader S&P 500 plunged 24 points to 1,921. Bitcoin tumbled $14 to $421. 

February consumer confidence fell more than expected to a seven month low sending the markets tumbling during the midday with the Dow plunging 160 points to 16,460. Nasdaq dropped 44 points to 4,526.


On the upside


Helix Energy Solutions Group (NYSE: HLX) fell to a loss for the fourth quarter but the results were better than expected.


Second Sight Medical Products (Nasdaq: EYES) will announce five-year results from an Argus II Retinal Prosthesis System clinical trial at the 39th Annual Macula Society Meeting.


Frontier Communications (Nasdaq: FTR) reported a smaller than expected loss for the fourth quarter as revenue rose.


On the downside


Veeco Instruments (Nasdaq: VECO) narrowed losses for the fourth quarter but the company forecast current quarter results below estimates.


Stone Energy (NYSE: SGY) widened fourth quarter losses more than expected.


Cabot Oil & Gas (NYSE: COG) priced its upsized public offering of 44 million common shares at $20.00 per share.


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 tumbled 17 points to 1,927. Bitcoin dropped $16 to $419. 

Lower open as crude oil retreats

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The markets tumbled at the open with the Dow dropping 108 points to 16,512 as crude oil prices retreated. Nasdaq tumbled 40 points to 4,530.


On the upside


MKS Instruments (Nasdaq: MKSI) will acquire Newport (Nasdaq: NEWP) in an all cash transaction valued at approximately $980 million.


Valeant Pharmaceuticals (NYSE: VRX) may have to restate financials after an internal accounting review.


Haymaker Resources acquired mineral and royalty interests from affiliates of Chesapeake Energy (NYSE: CHK).


On the downside


The Food and Drug Administration issued a Refuse to File letter to PTC Therapeutics (Nasdaq: PTCT) for its nonsense mutation Duchenne muscular dystrophy treatment Translarna.


Chegg (NYSE: CHGG) reported lower fourth quarter revenue and forecast current quarter and full year revenue below expectations.


Fitbit (NYSE: FIT) reported sharply higher fourth quarter earnings and revenue but the company forecast current quarter earnings that fell far short of expectations prompting downgrades.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 fell 13 points to 1,931. Bitcoin dropped $12 to $423. 

A rebound in crude oil prices sent the markets soaring to a sharply higher close with the Dow leaping 228 points to 16,620. Nasdaq jumped 66 points to 4,570.


On the upside


HBO's Vice will feature products by Second Sight Medical Products (Nasdaq: EYES) in a segment called Beating Blindness.


The Food and Drug Administration granted Breakthrough Therapy designation to Trevana's (Nasdaq: TRVN) moderate to acute pain treatment TRV130.


Seeking Alpha wrote that Chesapeake Energy (NYSE: CHK) may be acquired.


On the downside


Shares of Stone Energy (NYSE: SGY) fell ahead of its earning release.


Intelsat (NYSE: I) reported lower preliminary fourth quarter revenue.


Sysco (NYSE: SYY) will acquire Brakes Group in a deal valued at approximately $3.1 billion.


In the broad market, advancing issues outpaced decliner by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 leaped 27 points to 1,945. Bitcoin added $1 to $437. 

The markets advanced during the midday with the Dow rocketing 225 points to 16,617 as crude oil prices rebounded. Nasdaq leaped 60 points to 4,564.


On the upside


Shares of Radius Health (Nasdaq: RDUS) soared after competitor Amgen (Nasdaq: AMGN) reported disappointing results for its rival osteoporosis treatment.


Century Aluminum (Nasdaq: CENX) extended its gains.


Another series of raids conducted by the Brazilian police in the ongoing corruption case involving Petrobras (NYSE: PBR) brought the investigation closer to a possible impeachment of president Dilma Rousseff.


On the downside


Wells Fargo initiated coverage of Valeant Pharmaceuticals (NYSE: VRX) with an Underperform rating.


Credit Suisse downgraded Stifel Financial (NYSE: SF) from a Neutral rating to an Underperform rating.


Dean Foods (NYSE: DF) reported higher fourth quarter earnings but the company sold 3.6% fewer gallons of product compared with last year.


In the broad market, advancing issues outpaced decliner by a margin of nearly 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 surged 23 points to 1,941. Bitcoin added $1 to $437. 

Crude oil prices climbed to lift the markets to a sharply higher open with the Dow leaping 216 points to 16,608. Nasdaq jumped 62 points to 4,567.


On the upside


Rising crude oil prices lifted shares of Freeport-McMoran (NYSE: FCX).


Fortune magazine named Alcoa (NYSE: AA) as the Most Admired Metals Company for the fifth straight year.


Speculation that iron ore demand in China will improve lifted shares of Vale (NYSE: VALE).


On the downside


The Centers for Disease Control and Prevention said that the cancer risk posed by Lumber Liquidators' (NYSE: LL) laminate flooring may be three time higher than originally reported.


Chimerix (Nasdaq: CMRX) reported disappointing results from a Phase 3 SUPPRESS trial of brincidofiovir to prevent cytomegalovirus in patients undergoing hematopoietic cell transplantation.


Profit taking weighed down shares of Weight Watchers International (NYSE: WTW).


In the broad market, advancing issues outpaced decliner by a margin of nearly 8 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 jumped 27 points to 1,944. Bitcoin edged up a fraction to $436. 

January consumer prices were unchanged as lower energy costs offset rising healthcare and housing expenses. The markets closed mixed with the Dow slipping 21 points to 16,391. Nasdaq gained 16 points to 4,503.


On the upside


Shares of Celator Pharmaceuticals (Nasdaq: CPXX) continued soaring.


Prothena (Nasdaq: PRTA) reported a smaller than expected loss for the fourth quarter.


Monumental Sports & Entertainment chair and former Groupon (NYSE: GRPN) chair Ted Leonsis defended Groupon.


On the downside


Internap (Nasdaq: INAP) widened fourth quarter losses and forecast 2016 revenue below estimates.


Shares of Laredo Petroleum (NYSE: LPI) fell as crude oil prices retreated.


Moody's downgraded Encana's (NYSE: ECA) senior unsecured notes rating from Baa2 to Ba2.


In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by 5 to 4 on Nasdaq. The broader S&P 500 held steady at 1,917. Bitcoin lost $2 to $418. 

The markets traded mixed during the midday with the Dow falling 55 points to 16,358 while Nasdaq gained 16 points to 4,503 as consumer prices held steady in January.


On the upside


Century Aluminum (Nasdaq: CENX) reported a smaller than expected loss for the fourth quarter.


Arista Networks (NYSE: ANET) reported higher fourth quarter earnings and revenue that surpassed analyst expectations.


Fourth quarter earnings for AMN Healthcare Services (NYSE: AHS) more than doubled as revenue soared.


On the downside


TrueCar (Nasdaq: TRUE) widened losses more than expected for the fourth quarter.


EP Energy (NYSE: EPE) fell to a loss for the fourth quarter prompting downgrades.


Cobalt International Energy (NYSE: CIE) elected John E. Hagale to its board.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 slipped 3 points to 1,914. Bitcoin lost $3 to $417. 

Lower open as crude oil falls

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Crude oil prices fell to weigh the markets down to a lower open with the Dow falling 56 points to 16,357. Nasdaq added 3 points to 4,491.


On the upside


A study by Indiana University School of Medicine found that pre-diabetic adults enrolled in a nationally available weight management program such as Weight Watchers (NYSE: WTW) lost significantly more weight than those following a self initiated weight loss program.


Applied Materials (Nasdaq: AMAT) reported better than expected earnings for the first quarter and forecast current quarter results ahead of estimates.


RiverNorth Capital Management agreed to not contest Fifth Street Asset Management's (Nasdaq: FSAM) slate of director nominees.


On the downside


Fourth quarter earnings rose for Trinity Industries (NYSE: TRN) but revenue fell and the company forecast 2016 earnings well below expectations.


Nordstrom (NYSE: JWN) reported lower fourth quarter earnings that fell short of expectations and forecast full year earnings that missed estimates.


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


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 lost 6 points to 1,911. Bitcoin held steady at $420. 

Lower close as oil slips

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The markets closed lower with the Dow losing 40 points to 16,413 as crude oil prices slipped below $33 per barrel. Nasdaq plunged 46 points to 4,487.


On the upside


Twitter's (NYSE: TWTR) actions to suspend accounts that promote terrorism has dented the growth of ISIS.


La-Z-Boy (NYSE: LZB) reported higher third quarter earnings and revenue that surpassed analyst expectations.


Lattice Semiconductor (Nasdaq: LSCC) fell to a loss for the fourth quarter but revenue climbed.


On the downside


Ciber (NYSE: CBR) fell to a loss for the fourth quarter as revenue dropped.


Marathon Oil (NYSE: MRO) fell to a fourth quarter loss as revenue tumbled.


MGM Resorts International (NYSE: MGM) widened losses for the fourth quarter.


In the broad market, advancing issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by more than 3 to 2 on Nasdaq. The broader S&P 500 fell 8 points to 1,917. Bitcoin added $2 to $420. 

Wal-Mart disappoints, markets slip

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The markets turned negative during the midday with the Dow slipping 17 points to 16,435 after Wal-Mart reported disappointing results and prepared to increase the wages of its hourly employees. Nasdaq fell 26 points to 4,507.


On the upside


SunEdison Semiconductor (Nasdaq: SEMI) retained the services of Barclays to explore strategic options including a possible sale of the company.


Teekay (NYSE: TK) reversed year ago losses to post a profit for the fourth quarter as revenue soared.


Amedica (Nasdaq: AMDA) will present 24-month results from a CASCADE clinical trial on Monday, March 7, 2016.


On the downside


Boise Cascade (NYSE: BCC) disappointed with sharply lower fourth quarter earnings that fell far short of analyst expectations.


Fourth quarter earnings tumbled for Tyler Technologies (NYSE: TYL) to miss estimates.


CVR Refining (NYSE: CVRR) widened losses for the fourth quarter and cancelled its quarterly cash distribution.


In the broad market, advancing issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by more than 9 to 7 on Nasdaq. The broader S&P 500 lost 4 points to 1,922. Bitcoin added $1 to $419. 

Mixed open over global tensions

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The markets opened mixed with the Dow rising 26 points to 16,479 while Nasdaq lost 15 points to 4,518 as Turkey retaliated against Kurds for a bomb that killed 28 people in Ankara.


On the upside


Tianjin Tianhai Investment will pay a premium of approximately $6 billion to acquire Ingram Micro (NYSE: IM).


Athersys (Nasdaq: ATHX) reported upbeat one-year results from a Phase 2 clinical study of MultiStem cell therapy to treat ischemic stroke patients.


Aerie Pharmaceuticals (Nasdaq: AERI) reported successful 12-month interim safety results for a Phase 3 registration trial for Rhopressa to lower intraocular pressure in patients with glaucoma.


On the downside


First quarter earnings for Jack in the Box (Nasdaq: JACK) fell short of analyst expectations.


SunEdison (NYSE: SUNE) will close its Pasadena, Texas facility and sell its Kuching, Malaysia facility.


ARRIS International (Nasdaq: ARRS) disappointed with sharply lower fourth quarter earnings.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 slipped 2 points to 1,924. Bitcoin added $2 to $420. 

The markets extended its rally for the third session with the Dow rocketing 257 points to 16,453 on strong industrial production. Nasdaq jumped 98 points to 4,534.


On the upside


Warren Buffet's Berkshire Hathaway has acquired 26.5 million shares of Kinder Morgan (NYSE: KMI).


Rising copper prices lifted shares of Teck Resources (NYSE: TCK).


Shares of Comstock Resources (NYSE: CRK) rose as crude oil prices climbed.


On the downside


Invacare (NYSE: IVC) announced an offering of $130 million in convertible senior notes.


Bloomin' Brands (Nasdaq: BLMN) reported lower fourth quarter earnings and revenue and forecast full year earnings below estimates.


Maxwell Technologies (Nasdaq: MXWL) widened losses more than expected for the fourth quarter and forecast current quarter revenue below expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 leaped 31 points to 1,926. Bitcoin climbed $13 to $418. 

A strong 0.9% surge in January industrial production sent the markets soaring during the midday with the Dow jumping 250 points to 16,447. Nasdaq leaped 96 points to 4,532.


On the upside


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


An agreement has been reached between Brazil and Samarco Mineracao owners Vale (NYSE: VALE) and BHP Billiton (NYSE: BHP) over a dam collapse last year.


Targa Resources (NYSE: TRGP) completed its acquisition of Targa Resources Partners.


On the downside


Fourth quarter earnings slipped for Zix (Nasdaq: ZIXI).


Investors locked in profits on Groupon (Nasdaq: GRPN).


Bank of America/Merrill Lynch downgraded EnLink Midstream (NYSE: ENLC) from a Buy rating to a Neutral rating.


In the broad market, advancing issues outpaced decliners by a margin of more than 6 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 leaped 32 points to 1,927. Bitcoin climbed $13 to $418. 

Markets soar as crude oil rises

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Rising crude oil prices lifted the markets to a higher open with the Dow soaring 185 points to 16,381. Nasdaq surged 66 points to 4,502.


On the upside


Ocular Therapeutix (Nasdaq: OCUL) announced a Phase 3 clinical development strategy for its OTX-TP to treat glaucoma and ocular hypertension.


Regulus Therapeutics (Nasdaq: RGLS) reported upbeat interim results from an ongoing Phase II study of RG-101 to treat Hepatitis C Virus infection.


Fossil Group (Nasdaq: FOSL) reported better than expected fourth quarter earnings.


On the downside


The Food and Drug Administration issued a Refusal to File letter to Catalyst Pharmaceuticals (Nasdaq: CPRX) for its New Drug Application for Firdapse.


Devon Energy (NYSE: DVN) widened losses for the fourth quarter, announced job cuts and slashed its dividend.


Cerner (Nasdaq: CERN) reported higher fourth quarter earnings and revenue that topped analyst estimates but the stock price fell.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 soared 22 points to 1,918. Bitcoin climbed $12 to $418. 

A potential agreement to freeze oil production sent the markets soaring to close sharply higher with the Dow rocketing 222 points to 16,196. Nasdaq leaped 98 points to 4,435.


On the upside


Credit Suisse upgraded LPL Financial Holdings (Nasdaq: LPLA) from a Neutral rating to an Outperform rating.


Bargain hunters lifted shares of C&J Energy Services (NYSE: CJES).


Freeport-McMoRan (NYSE: FCX) will sell a portion of its stake in the Morenci open-pit mine in Arizona to Sumitomo Metal Mining for approximately $1 billion.


On the downside


Unilife (Nasdaq: UNIS) amended its exclusivity agreement with Amgen (Nasdaq: AMGN).


Shares of Laredo Petroleum (NYSE: LPI) fell ahead of its earnings release after market close.


Shares of Comstock Resources (NYSE: CRK) extended its losses.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 leaped 30 points to 1,895. Bitcoin added $1 to $406. 

Markets extend gains at midday

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The markets extended its gains during the midday with the Dow leaping 162 points to 16,136. Nasdaq jumped 74 points to 4,412.


On the upside


Shares of SunEdison (NYSE: SUNE) climbed as arguments began in a lawsuit to block the company's $1.9 billion acquisition of Vivint Solar (NYSE: VSLR).


Rockwell Medical (Nasdaq: RMTI) entered an exclusive license agreement for Wanbang Biopharmaceutical to commercialize Rockwell's Triferic and Calcitriol for End-Stage-Renal Disease patients.


Sonus Networks (Nasdaq: SONS) swung to a greater than expected profit for the fourth quarter and forecast current quarter results ahead of estimates.


On the downside


Tonix Pharmaceuticals (Nasdaq: TNXP) reported disappointing results from a Phase 2 proof-of-concept clinical study of TNX-201 in episodic tension-type headache.


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


Shares of Kinross Gold (NYSE: KGC) slipped as gold prices fell.


In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 leaped 22 points to 1,887. Bitcoin climbed $9 to $408. 

Oil production freeze lifts markets

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The markets opened sharply higher with the Dow soaring 113 points to 16,087 after four oil producing nations agreed to freeze output. Nasdaq surged 61 points to 4,400.


On the upside


ADT (NYSE: ADT) will be acquired by Apollo Global Management for a premium of approximately $7 billion in cash.


Alibaba (Nasdaq: BABA) has acquired a 5.6% stake in Groupon (Nasdaq: GRPN).


Canadian Solar (Nasdaq: CSIQ) expects fourth quarter and full year results to top previous guidance


On the downside


American Airlines (Nasdaq: AAL) terminated its contract with internet service provider Gogo (Nasdaq: GOGO).


Community Health Systems (NYSE: CYH) fell to an unexpected loss for the fourth quarter and forecast full year results below expectations.


Retreating gold prices weighed down shares of Harmony Gold (NYSE: HMY).


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 climbed 16 points to 1,881. Bitcoin added $6 to $405. 

U.S. markets closed

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U.S. markets are closed for Presidents Day.

Markets rally to close sharply higher

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The markets rallied to close sharply higher with the Dow rocketing 313 points to 15,925 as crude oil prices rebounded. Nasdaq leaped 70 points to 4,337.


On the upside


Shares of Teck Resources (NYSE: TCK) rose after reporting a smaller than expected loss yesterday.


Reuters reported that Intercept Pharmaceuticals (Nasdaq: ICPT) was exploring a possible sale of the company.


Fourth quarter earnings surged for Mercer International (Nasdaq: MERC) to beat analyst expectations.


On the downside


Amkor Technology (Nasdaq: AMKR) fell to a loss for the fourth quarter as revenue dropped.


Knowles (NYSE: KN) widened losses for the fourth quarter.


Bankruptcy concerns continued to weigh down shares of Chesapeake Energy (NYSE: CHK).


In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 soared 35 points to 1,864. Bitcoin edged up to $385. 

The markets extended its gains with the Dow leaping 236 points to 15,897 as crude oil prices rose above $29 per barrel. Nasdaq surged 58 points to 4,324.


On the upside


American Axle &  Manufacturing Holdings (NYSE: AXL) impressed with sharply higher fourth quarter earnings that surpassed expectations.


Rovi (Nasdaq: ROVI) reversed year ago losses to post a stronger than expected profit for the fourth quarter.


Shares of Freeport-McMoRan (NYSE: FCX) continued climbing.


On the downside


Select Comfort (Nasdaq: SCSS) fell to a loss for the fourth quarter as revenue dropped.


Shares of SunEdison (NYSE: SUNE) extended its losses.


Nu Skin Enterprises (NYSE: NUS) disappointed with lower earnings and revenue that missed expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 soared 28 points to 1,857. Bitcoin rose $4 to $385. 

Higher open as retail sales rise

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Rebounding crude oil prices along with a 0.2% gain in January retail sales lifted the markets to a higher open with the Dow soaring 155 points to 15,815. Nasdaq gained 26 points to 4,292.


On the upside


Groupon (Nasdaq: GPN) reported a smaller than expected loss as revenue rose.


Bargain hunters lifted shares of Avon Products (NYSE: AVP).


Ellie Mae (NYSE: ELLI) reported higher fourth quarter earnings and revenue that beat expectations.


On the downside


Activision Blizzard (Nasdaq: ATVI) reported lower fourth quarter earnings and revenue that fell short of analyst expectations.


LPL Financial Holdings (Nasdaq: LPLA) disappointed with sharply lower fourth quarter earnings that missed expectations.


Pandora Media (NYSE: P) fell to a greater than expected loss for the fourth quarter.


In the broad market, advancing issues outpaced decliners 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 climbed 14 points to 1,843. Bitcoin rose $4 to $384. 

The markets tumbled to close sharply lower with the Dow collapsing 254 points to 15,660 as global economic concerns continued to weigh on investors. Nasdaq fell 16 points to 4,266.


On the upside


Reuters reported that Kroger (NYSE: KR) was exploring a possible bid for The Fresh Market (Nasdaq: TFM).


World Fuel Services (NYSE: INT) will purchase aviation fueling operations at 83 airports around the world from ExxonMobil (NYSE: XOM) affiliates.


j2 Global (Nasdaq: JCOM) reported higher fourth quarter earnings and revenue that surpassed analyst expectations.


On the downside


General Cable (NYSE: BGC) reported a loss for the fourth quarter as revenue fell.


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


Peabody Energy (NYSE: BTU) reported a wider than expected loss for the fourth quarter.


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 3 on Nasdaq. The broader S&P 500 collapsed 22 points to 1,829. Bitcoin slipped $2 to $379. 

Potential for negative interest rates

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The markets extended its losses during the midday with the Dow crashing 312 points to 15,602 after Federal Reserve chair Janet Yellen said that negative interest rates could be implemented in the U.S. Nasdaq tumbled 34 points to 4,248.


On the upside


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


Eldorado Gold (NYSE: EGO) invested approximately $2.56 million in Integra Gold through a private placement.


Coeur Mining (NYSE: CDE) narrowed fourth quarter losses.


On the downside


Monster Worldwide (NYSE: MWW) swung to a profit for the fourth quarter but revenue missed estimates and the employment solutions provider forecast current quarter earnings below expectations.


Mylan (Nasdaq: MYL) will pay a premium of approximately $7.2 billion in cash and stock to acquire Swedish drug maker Meda.


Shares of Proteostasis Therapeutics (Nasdaq: PTI) tumbled on its first trading day.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 collapsed 29 points to 1,822. Bitcoin slipped $1 to $380. 

Jobless claims fell last week but the markets tumbled at the open with the Dow plummeting 202 points to 15,712 as crude oil prices slipped below $27. Nasdaq dropped 31 points to 4,252.


On the upside


TripAdvisor (Nasdaq: TRIP) reported better than expected fourth quarter earnings and revenue.


Kinross Gold (NYSE: KGC) narrowed fourth quarter losses and forecast record production for 2016.


Tesla (Nasdaq: TSLA) widened losses for the fourth quarter but the electric vehicle maker forecast strong 2016 sales.


On the downside


Zynga (Nasdaq: ZNGA) widened losses for the fourth quarter and forecast current quarter revenue below estimates.


Incyte (Nasdaq: INCY) discontinued a Phase 3 study of ruxolitinib combined with capecitabine to treat advanced or metatastic pancreatic cancer.


Flower Foods (NYSE: FLO) reported lower fourth quarter earnings and revenue that fell short of expectations prompting a downgrade.


In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by a nearly 3 to 1 on Nasdaq. The broader S&P 500 plunged 21 points to 1,830. Bitcoin slipped $1 to $380. 

The markets closed mixed with the Dow tumbling 99 points to 15,914 as investors monitored global economic developments. Nasdaq rose 14 points to 4,283.


On the upside


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


ACCO Brands (NYSE: ACCO) reported better than expected fourth earnings and revenue.


Overstock.com (Nasdaq: OSTK) reported higher fourth quarter revenue.


On the downside


RPX (Nasdaq: RPX) disappointed with sharply lower fourth quarter earnings.


SPX FLOW (NYSE: FLOW) reported lower fourth quarter earnings that fell far short of analyst expectations.


Fourth quarter earnings and revenue fell for Kforce (Nasdaq: KFRC) to miss estimates.


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 a slim margin on Nasdaq. The broader S&P 500 eased a fraction to 1,851. Bitcoin climbed $6 to $382. 

Optimism that interest rates would remain steady for the rest of the year boosted the markets during the midday with the Dow climbing 67 points to 16,081. Nasdaq surged 82 points to 4,350.


On the upside


Fourth quarter earnings doubled for Criteo (Nasdaq: CRTO) to beat expectations as revenue soared.


Trimble Navigation (Nasdaq: TRMB) reported better than expected earnings and revenue for the fourth quarter.


A10 Networks (NYSE: ATEN) narrowed fourth quarter losses more than expected on record revenue.


On the downside


Euronet Worldwide (Nasdaq: EEFT) reported fourth quarter earnings and revenue that fell short of expectations.


NGL Energy Partners (NYSE: NGL) cut its full year earnings outlook after missing third quarter expectations.


Fourth quarter earnings for Assurant (NYSE: AIZ) missed estimates.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 surged 19 points to 1,871. Bitcoin gained $4 to $380. 

Markets surge over Fed chair comments

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Comments by Federal Reserve chair Janet Yellen sparked optimism that rate increases would be delayed until next year. The markets surged at the open with the Dow soaring 142 points to 16,156. Nasdaq leaped 88 points to 4,356.


On the upside


Fourth quarter earnings slipped for Akamai Technologies (Nasdaq: AKAM) but revenue rose to beat expectations.


Empire District Electric Company (NYSE: EDE) will be acquired by Alongonquin Power & Utilities for a premium of approximately $2.4 billion in cash.


Shares of Energy Transfer Equity (NYSE: ETE) continued climbing.


On the downside


SolarCity (Nasdaq: SCTY) swung to a profit for the fourth quarto but the company forecast a larger than expected loss for the current quarter.


KapStone Paper and Packaging (NYSE: KS) disappointed with sharply lower fourth quarter earnings that fell far short of expectations.


Medidata Solutions (Nasdaq: MDSO) reported higher fourth quarter earnings and revenue but the company forecast 2016 results below estimates.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 soared 20 points to 1,873. Bitcoin climbed $7 to $383. 

The markets rebounded in late afternoon trading to close modestly lower with the Dow slipping 12 points to 16,014 as crude oil prices settled below $29 per barrel. Nasdaq lost 14 points to 4,268.


On the upside


Belden (NYSE: BDC) impressed with sharply higher fourth quarter earnings that beat analyst expectations.


Cambrex (NYSE: CBM) reported better than expected earnings for the fourth quarter as revenue rose.


Fourth quarter earnings surged for Tenneco (NYSE: TEN).


On the downside


Brookdale Senior Living (NYSE: BKD) widened losses more than expected for the fourth quarter.


Keefe Bruyette downgraded NorthStar Realty Finance (NYSE: NRF) from an Outperform rating to a Market Perform rating.


HCP (NYSE: HCP) fell to a loss for the fourth quarter and forecast disappointing 2016 funds from operations.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 slipped a point to 1,852. Bitcoin rose $3 to $376. 

The markets turned negative during the midday with the Dow tumbling 95 points to 15,931 as crude oil prices slipped to hover near $29 per barrel. Nasdaq dropped 29 points to 4,254.


On the upside


Belerophon Therapeutics (Nasdaq: BLPH) reported positive results from the final analysis of a Phase 2 long-term extension study of INOpulse to treat pulmonary arterial hypertension.


Nymox Pharmaceutical (Nasdaq: NYMX) reported upbeat results from a Phase 2 clinical trial of its prostate cancer treatment NX03-0040.


MaxLinear (NYSE: MXL) jointly developed smart MoCA and Wi-Fi home network technologies with Celeno Communications to deliver whole home gigabit wi-fi.


On the downside


Bristow Group (NYSE: BRS) swung to a profit for the third quarter but revenue fell and the company slashed its quarterly dividend.


Fourth quarter earnings for RetailMeNot (Nasdaq: SALE) plunged as revenue fell.


Falling crude oil prices weighed down shares of Unit (NYSE: UNT).


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 lost 9 points to 1,844. Bitcoin rose $3 to $375. 

Bargain hunters lift markets

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Bargain hunters lifted the markets to a higher open with the Dow rising 9 points to 16,036. Nasdaq gained 35 points to 4,319.


On the upside


Bargain hunters lifted shares of Energy Transfer Equity (NYSE: ETE).


The American Red Cross signed a multi-year agreement to purchase Cerus' (Nasdaq: CERS) INTERCEPT Blood System for platelets and plasma.


Needham downgraded BioCryst Pharmaceuticals (Nasdaq: BCRX) from a Buy rating to a Hold rating but the stock price rose.


On the downside


Qualys (Nasdaq: QLYS) reported sharply lower fourth quarter earnings and forecast current quarter and full year results below expectations.


Shares of Plains GP Holdings (NYSE: PAGP) fell after Plains All American Pipeline (NYSE: PAA) reported sharply lower fourth quarter earnings and revenue.


Fourth quarter earnings and revenue fell for Viacom (Nasdaq: VIAB).


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 added a point to 1,855. Bitcoin rose $3 to $376. 

Technology stocks slumped to send the markets tumbling to a lower close with the Dow plunging 177 points to 16,027. Nasdaq plummeted 79  points to 4,283.


On the upside


Engaged Capital has acquired a 14% stake in Outerwall (Nasdaq: OUTR).


Zacks Equity Research suggested that investors sell Crocs (Nasdaq: CROX) but the stock price rose.


Aurinia Pharmaceuticals (Nasdaq: AUPH) reported upbeat preliminary results from its AURION study.


On the downside


Robert W. Baird downgraded EnLink Midstream (NYSE: ENLC) from an Outperform rating to an Underperform rating.


Shares of Facebook (Nasdaq: FB) fell after the Telecom Regulatory Authority of India introduced new rules prohibiting differential pricing for Internet access.


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


In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 plunged 26 points to 1,853. Bitcoin slipped $2 to $374. 

Market free fall continues at midday

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The market free fall continued during the midday with the Dow sinking 345 points to 15,859. Nasdaq collapsed 137  points to 4,225.


On the upside


Sientra (Nasdaq: SIEN) announced that all of its products will return to the U.S. market beginning on March 1, 2016.


Rising silver prices lifted shares of Endeavour Silver (NYSE: EXK).


The Wall Street Journal reported that GoPro (Nasdaq: GPRO) entered a patent licensing agreement with Microsoft (Nasdaq: MSFT).


On the downside


The Food and Drug Administration placed a partial hold on the clinical studies being conducted by CTI BioPharma (Nasdaq: CTIC) for pacritinib.


BioCryst Pharmaceuticals (Nasdaq: BCRX) reported disappointing results from a clinical trial of avoralstat to treat hereditary angioedema attacks.


Brixmor Property Group (NYSE: BRX) chief executive Michael Carroli, chief financial officer Michael Pappagallo and chief accounting officer Steven Splain all resigned after an internal audit revealed financial statements had been altered.


In the broad market, declining issues outpaced advancers by a margin of 8 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 collapsed 48 points to 1,831. Bitcoin eased a fraction to $376. 

The markets opened sharply lower with the Dow collapsing 324 points to 15,880 as crude oil prices continued falling. Nasdaq crashed 105  points to 4,257.


On the upside


A private equity group led by Apollo Global Management will take Apollo Education (Nasdaq: APOL) private for $1.1 billion in cash.


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


BMO Capital Markets lifted its price target on Tyson Foods (NYSE: TSN) from $53 to $62.


On the downside


Energy Transfer Energy (NYSE: ETE) replaced chief financial officer Jamie Welch with Thomas E. Long prompting a downgrade.


Retreating crude oil prices weighed down shares of Williams Companies (NYSE: WMB).


Debtwire reported that Chesapeake Energy (NYSE: CHK) hired restructuring firm Kirkland & Ellis.


In the broad market, declining issues outpaced advancers by a margin of nearly 8 to 1 on the NYSE and by more than 5 to 1 on Nasdaq. The broader S&P 500 crashed 36 points to 1,843. Bitcoin eased a fraction to $376. 

Crude oil prices fell again to settle at $31 per barrel to send the markets plummeting to a sharply lower close with the Dow crashing 211 points to 16,204. Nasdaq collapsed 146  points to 4,363.


On the upside


TTM Technologies (Nasdaq: TTMI) reported better than expected earnings and revenue for the fourth quarter.


Rising gold prices lifted shares of Kinross Gold (NYSE: KGC).


USG (NYSE: USG) reversed year ago losses to post a stronger than expected profit for the fourth quarter.


On the downside


Esterline Technologies (NYSE: ESL) disappointed with sharply lower first quarter earnings that missed expectations.


Quotient (Nasdaq: QTNT) priced its public offering of approximately 4.44 million common shares at the discounted price of $9.00 per share.


Genworth Financial (NYSE: GNW) reported a wider than expected loss for the fourth quarter.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 crashed 35 points to 1,880. Bitcoin lost 3 points to $383. 

Job market concerns sink stocks

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Concerns about the job market sent the markets tumbling during the midday with the Dow plummeting 182 points to 16,234. Nasdaq plunged 114 points to 4,395.


On the upside


Suzhou Dongshan Precision Manufacturing will acquire Multi-Fineline Electronix (Nasdaq: MFLX) for a premium of $23.95 per share in cash.


Post Holdings (NYSE: POST) swung to a profit for the first quarter.


Synchronoss Technologies (Nasdaq: SNCR) will repurchase up to $100 million worth of common stock.


On the downside


Lions Gate Entertainment (NYSE: LGF) disappointed with lower third quarter earnings and revenue that fell short of expectations.


Splunk (Nasdaq: SPLK) stock fell after rival Tableau Software (NYSE: DATA) forecast disappointing first quarter results.


YRC Worldwide (Nasdaq: YRCW) fell to a loss for the fourth quarter as revenue dropped.


In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 plummeted 27 points to 1,888. Bitcoin eased a fraction to $388. 

Markets tumble as job growth slows

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The markets opened lower with the Dow tumbling 119 points to 16,297 as job growth slowed and crude oil prices slipped. Nasdaq plummeted 77 points to 4,432.


On the upside


The Food and Drug Administration granted Breakthrough Therapy Designation to Immunomedics' (Nasdaq: IMMU) triple-negative breast cancer treatment IMMU-132.


Ubiquiti Networks (Nasdaq: UBNT) reported higher second quarter earnings and revenue that beat analyst expectations.


Tyson Foods (NYSE: TSN) reported sharply higher first quarter earnings that topped estimates.


On the downside


LinkedIn (NYSE: LNKD) reported better than expected fourth quarter earnings and revenue but the company forecast 2016 results below estimates.


Tableau Software (NYSE: DATA) fell to a greater than expected loss for the fourth quarter.


Linn Energy (Nasdaq: LINE) will explore strategic alternatives to maximize the value of the company.


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 plummeted 23 points to 1,891. Bitcoin held steady at $389. 

First time applications for unemployment benefits rose more than expected last week and crude oil prices slipped below $32 per barrel but the markets closed higher with the Dow climbing 79 points to 16,416. Nasdaq added 5 points to 4,509.


On the upside


KLR Group upgraded Atwood Oceanics (NYSE: ATW) from a Hold rating to an Accumulate rating.


Weatherford International (NYSE: WFT) reported a smaller than expected loss for the fourth quarter and announced plans to eliminate 6,000 jobs.


Tidewater (NYSE: TDW) narrowed losses for the third quarter.


On the downside


ConocoPhillips (NYSE: COP) widened losses for the fourth quarter and slashed its quarterly cash dividend.


Stifel downgraded Synchronoss Technologies (Nasdaq: SNCR) from a Buy rating to a Hold rating.


SPS Commerce (Nasdaq: SPSC) reported higher fourth quarter earnings that topped analyst estimates but the company forecast current quarter as well as full year revenue below expectations.


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 added 2 points to 1,915. Bitcoin surged $19 to $387. 

The markets retreated during the midday to trade mixed with the Dow rising 38 points to 16,375 as crude oil prices slipped. Nasdaq lost 4 points to 4,499.


On the upside


Roadrunner Transportation Systems (NYSE: RRTS) reported better than expected earnings for the fourth quarter.


Cascade Microtech (Nasdaq: CSCD) will be acquired by FormFactor (Nasdaq: FORM) for a premium of approximately $352 million in cash and stock.


JP Morgan downgraded Petrobras (NYSE: PBR) from a Neutral rating to an Underperform rating but the stock price climbed.


On the downside


Pacific Biosciences of California (Nasdaq: PACB) reported a loss for the fourth quarter.


The Mexican tax authority filed a legal claim against Primero Mining (NYSE: PPP) subsidiary Primero Empresa Minera to nullify a 2012 Advance Pricing Agreement.


Resolute Forest Products (NYSE: RFP) widened fourth quarter losses more than expected.


In the broad market, advancing issues outpaced decliners 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 1,914. Bitcoin soared $17 to $386. 

Crude oil prices continued climbing to lift the markets to a higher open with the Dow gaining 65 points to 16,402. Nasdaq added 6 points to 4,511.


On the upside


Taylor Swift will develop a new mobile game with Glu Mobile (Nasdaq: GLUU).


TheStreet wrote that Freeport-McMoRan (NYSE: FCX) had the potential to double.


Hersha Hospitality Trust (NYSE: HT) will form a joint venture with Cindat Capital Management for seven Manhattan hotels.


On the downside


Ralph Lauren (NYSE: RL) disappointed with lower third quarter earnings and revenue and lowered its full year forecast.


Kohl's (NYSE: KSS) cut its full year earnings guidance.


GoPro (Nasdaq: GPRO) fell to a greater than expected loss for the fourth quarter and forecast current quarter as well as full year revenue below expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 1,916. Bitcoin climbed $16 to $384. 

The markets closed sharply higher with the Dow soaring 183 points to 16,336 as crude oil prices climbed to settle over $32 per barrel. Nasdaq lost 12 points to 4,504.


On the upside


Vertex Energy (Nasdaq: VTNR) sold its re-refinery facility in Nevada for $35 million.


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


Moody's downgraded Baytex Energy's (NYSE: BTE) Corporate Family Rating from Ba3 to Caa1 but the stock price rose as crude oil prices climbed.


On the downside


ArcBest (Nasdaq: ARCB) disappointed with sharply lower fourth quarter earnings as revenue slipped.


Investors continued to lock in profits on Capital Product Partners (Nasdaq: CPLP).


Fourth quarter earnings and revenue fell for Radware (Nasdaq: RDWR).


In the broad market, advancing issues outpaced decliners 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 gained 9 points to 1,912. Bitcoin edged up a fraction to $368. 

The markets recovered early morning losses but continued trading in negative territory during the midday with the Dow falling 36 points to 16,117 even as crude oil prices rose over $31 per barrel. Nasdaq tumbled 61 points to 4,455.


On the upside


UltimateStockAlerts.com identified Voltari (Nasdaq: VLTC) as a small cap stock with great upside potential.


First quarter earnings and revenue rose for Energizer Holdings (NYSE: ENR).


Kulicke and Soffa Industries (Nasdaq: KLIC) reported a smaller than expected loss for the first quarter and forecast current quarter revenue ahead of estimates.


On the downside


MPLX (NYSE: MPLX) fell to a loss for the fourth quarter.


Fourth quarter revenue for Match Group (Nasdaq: MTCH) missed expectations.


Olin (NYSE: OLN) fell to a fourth quarter loss.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by more than 3 to 2 on Nasdaq. The broader S&P 500 tumbled 16 points to 1,886. Bitcoin fell $7 to $367. 

ADP reported a strong gain of 205,000 jobs in January but the markets opened sharply lower with the Dow plunging 149 points to 16,003. Nasdaq plummeted 85 points to 4,431.


On the upside


Boot Barn Holdings (NYSE: BOOT) reported higher third quarter earnings that topped analyst estimates as revenue rose.


The Food and Drug Administration granted Fast Track designation to Conatus Pharmaceuticals' (Nasdaq: CNAT) emricasan development program to treat liver cirrhosis caused by nonalcoholic steatohepatitis.


Viavi Solutions (Nasdaq: VIAV) swung to a profit for the second quarter and named Oleg Khaykin as chief executive officer.


On the downside


Navios Maritime Partners (NYSE: NMM) disappointed with lower fourth quarter earnings and revenue that fell short of expectations and the company suspended its quarterly cash distribution.


National Oilwell Varco (NYSE: NOV) fell to a greater than expected loss for the fourth quarter as revenue tumbled.


Memorial Resource Development (Nasdaq: MRD) provided an operational update.


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 10 to 9 on Nasdaq. The broader S&P 500 plunged 28 points to 1,874. Bitcoin lost $4 to $370. 

Markets plunge over $30 crude oil

|

The markets plummeted to close sharply lower with the Dow crashing 295 points to 16,153 as crude oil settled below $30 per barrel. Nasdaq collapsed 103 points to 4,516.


On the upside


Rumors circulated that Pacific Biosciences (Nasdaq: PACB) may be acquired by Roche.


Fabrinet (NYSE: FN) impressed with sharply higher second quarter earnings and revenue that surpassed analyst expectations and forecast current quarter results ahead of estimates.


Anavex Life Sciences (Nasdaq: AVXL) will present at the 18th Annual BIO CEO & Investors Conference on February 9, 2016.


On the downside


Pixelworks (Nasdaq: PXLW) announced the resignation of chief executive officer Bruce Walicek and reported a preliminary loss for the fourth quarter.


Plantronics (NYSE: PLT) disappointed with lower third quarter earnings that fell short of expectations and forecast current quarter earnings below estimates prompting a downgrade.


Several law firms have initiated investigations into possible breach of fiduciary duties by Cobalt International Energy (NYSE: CIE) officers and directors.


In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on  both the NYSE and on Nasdaq. The broader S&P 500 plunged 36 points to 1,903. Bitcoin added $2 to $376. 

Recession concerns sent the markets tumbling during the midday with the Dow collapsing 286 points to 16,162. Nasdaq plunged 95 points to 4,524.


On the upside


VBL Therapeutics (Nasdaq: VBLT) will provide a corporate overview and business update at the 18th Annual BIO CEO & Investor Conference on February 9, 2016.


CalAmp (Nasdaq: CAMP) offered a premium of approximately $134 million in cash to acquire LoJack (Nasdaq: LOJN).


The Female Health Co. (Nasdaq: FHCO) reported higher first quarter earnings and revenue.


On the downside


Waddell & Reed Financial (NYSE: WDR) disappointed with lower fourth quarter earnings and revenue.


Carbylan Therapeutics (Nasdaq: CBYL) reported disappointing results from a Phase III trial of Hydros-TA to treat osteoarthritis pain in the knee.


ADT (NYSE: ADT) reported lower first quarter earnings.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plummeted 34 points to 1,905. Bitcoin added $2 to $376. 

Crude oil prices fell below $30 per barrel to send the markets down to a sharply lower open with the Dow plummeting 239 points to 16,210. Nasdaq tumbled 48 points to 4,572.


On the upside


The Food and Drug Administration granted clearance to Hansen Medical (Nasdaq: HNSN) for its Magellan Robotic Catheter eKit.


Michael Kors (NYSE: KORS) reported better than expected third quarter earnings as revenue climbed.


Mattel (Nasdaq: MAT) reported higher fourth quarter earnings and revenue that beat analyst expectations.


On the downside


Integrated Device Technology (Nasdaq: IDTI) reported higher third quarter earnings and revenue but revenue fell short of expectations.


Rent-A-Center (Nasdaq: RCII) fell to a loss for the fourth quarter.


Fourth quarter earnings and revenue rose for Royal Caribbean Cruises (NYSE: RCL) but revenue missed estimates and the company forecast current quarter and full year earnings below expectations.


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 plunged 25 points to 1,913. Bitcoin added $2 to $376. 

The markets recovered earlier losses to close mixed with the Dow slipping 17 points to 16,449 as Iowans prepared to caucus tonight. Nasdaq rose 6 points to 4,620.


On the upside


Moneygram International (Nasdaq: MGI) extended their money transfer and bill pay service agreement with Walmart (NYSE: WMT) for three years.


Freeport McMoRan (NYSE: FCX) set 2016 treatment and refining charges with Pan Pacific Copper.


Intrexon (NYSE: XON) subsidiary Oxitec can produce genetically modified male mosquitoes that can potentially stop the spread of the Zika virus by making their offspring die young.


On the downside


Shares of Ultra Petroleum (NYSE: UPL) fell as crude oil prices retreated.


Zacks Equity Research recommended selling California Resources (NYSE: CRC).


A drop in Nokia's (NYSE: NOK) stock price weighed down shares of Alcatel-Lucent (NYSE: ALU), which will be acquired by Nokia.


In the broad market, declining issues barely edged out advancers by a slim margin on both the NYSE and on Nasdaq. The broader S&P 500 eased a fraction to 1,939. Bitcoin lost $3 to $373. 

Crude oil falls below $32

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Crude oil fell below $32 per barrel to weigh the markets down during the midday with the Dow dropping 85 points to 16,380. Nasdaq lost 21 points to 4,592.


On the upside


Rodman & Renshaw initiated coverage of Eyegate Pharmaceuticals (Nasdaq: EYEG) with a Buy rating and a $10 price target.


Amaya (Nasdaq: AYA) chief executive David Baazov has indicated that he will make an all-cash offer to acquire the company.


Lumber Liquidators (NYSE: LL) will pay $10 million in a plea agreement with federal prosecutors for providing misleading import papers.


On the downside


Investors locked in profits on TimkenSteel (NYSE: TMST).


Kinder Morgan (NYSE: KMI) closed its acquisition of 15 refined product terminals but the stock price fell as crude oil prices retreated.


TheStreet identified Petrobas (NYSE: PBR) as a distressed stock that is over valued despite its recent slump.


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 dropped 8 points to 1,931. Bitcoin slipped $1 to $376. 

Markets tumble on lower oil prices

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The markets opened sharply lower with the Dow tumbling 100 points to 16,365 as crude oil prices fell and consumer spending eased less than 0.1% in December. Nasdaq lost 18 points to 4,595.


On the upside


Abbott Laboratories (NYSE: ABT) will pay a premium of approximately $5.8 billion in cash to acquire Alere (NYSE: ALR).


The Information reported that Marc Andreesen and private equity firm Silver Lake have explored a potential deal with Twitter (NYSE: TWTR).


Trovagene (Nasdaq: TROV) entered an agreement to provide its Precision Cancer Monitoring tests and services to FedMed clients.


On the downside


Nokia (NYSE: NOK) won a patent dispute with Samsung but the additional revenue to be collected may not be as high as expected.


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


Goldman Sachs upgraded Micron Technology (Nasdaq: MU) from a Sell rating to a Neutral rating but the price target was lowered from $13 to $11.


In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 1 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 tumbled 15 points to 1,924. Bitcoin slipped a fraction $377. 

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