December 2016 Archives

The major indices ended 2016 in positive territory although the markets closed lower on the last trading day of the year with the Dow dropping 57 points to 19,762. Nasdaq tumbled 48 points to 5,383.


On the upside


Prospect Business Journal recommended WMIH (Nasdaq: WMIH) to investors interested in stocks under $5.00.


Leju Holdings (NYSE: LEJU) climbed for the fourth day in a row.


Golden Meditech Holdings will sell its entire stake in China Cord Blood (NYSE: CO) to Nanjing Yingpeng Huikang Medical Industry Investment Partnership. 


On the downside


Investors locked in profits on McEwen Mining (NYSE: MUX).


Retreating silver prices weighed downs shares of Endeavour Silver (NYSE: EXK) and Fortuna Silver Mines (NYSE: FSM). 


Profit taking weighed down shares of Nvidia (Nasdaq: NVDA), the best performing S&P 500 stock of 2016.


In the broad market, declining issues outpaced advancers 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 index dropped 10 points to 2,238. Bitcoin added $1 to $944.


Lower open on last trading day

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The markets opened lower with the Dow slipping 19 points to 19,799 on the last trading day of the year. Nasdaq dropped 35 points to 5,396.


On the upside


Morgan Stanley upgraded Cempra (Nasdaq: CEMP) from an Underweight rating to an Equal Weight rating.


Seeking Alpha wrote that ImmunoGen (Nasdaq: IMGN) was a Strong Buy.


Shares of OvaScience (Nasdaq: OVAS) extended its gains. 


On the downside


Opko Health (Nasdaq: OPK) reported disappointing results from a Phase 3 clinical study of hGH-CTP in growth hormone deficient adults.


The Food and Drug Administration issued a Refusal to File letter to Innocoll Holdings (Nasdaq: INNL) for the New Drug Application for XARACOLL prompting downgrades. 


The Federal Trade Commission has requested additional information regarding the proposed acquisition of Cabela's (NYSE: CAB) by Bass Pro Shops.


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index fell 5 points to 2,243. Bitcoin dropped $11 to $939.


Lower close as trade deficit widens

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A widening of the nation's trade deficit weighed the markets down to a lower close with the Dow slipping 13 points to 19,819. Nasdaq lost 6 points to 5,432.


On the upside


Sears Holdings (Nasdaq: SHLD) has obtained a secured standby letter of credit facility.


Rising silver prices lifted shares of Endeavour Silver (NYSE: EXK), First Majestic Silver (NYSE: AG) and Fortuna Silver Mines (NYSE: FSM).


Bargain hunters lifted shares of Endologix (Nasdaq: ELGX). 


On the downside


Investors locked in profits on Health Insurance Innovations (Nasdaq: HIIQ).


Shares of Groupon (Nasdaq: GRPN) fell for the second day in a row. 


Micron Technology (Nasdaq: MU) stock dropped for the third day.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 index eased a fraction to 2,249. Bitcoin lost $5 to $950.


Honda to recall Odyssey minivans

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The markets turned negative during the midday with the Dow falling 30 points to 19,803. Nasdaq dropped 21 points to 5,417.


Honda will recall model years 2011 to 2016 Odyssey minivans in North America to fix a problem with the second row seats. In certain conditions, the seats in the second row may not lock in a crash. No known injuries have been reported related to the unlocked seats. Approximately 650,000 minivans will be recalled in the U.S. and a much smaller number in Canada and Mexico.


Amazon filed a patent two years ago for airborne fulfillment centers that would house its products and be positioned closer to customers. The centers would hover approximately 45,000 feet in the air. Drones would be able to quickly deliver products that are ordered by customers. Shuttles would restock the airborne centers.


Facebook has opened pop-up stores to showcase its Gear VR virtual reality headset that was created by its Oculus unit and Samsung. Shoppers in malls and travelers at airports experienced first hand the immersive power of virtual reality. A Facebook employee guides guests through an orientation then allows users to lose themselves in a two minute virtual reality experience.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE while decliners edged out advancers by more than 9 to 7 on Nasdaq. The broader S&P 500 index lost 3 points to 2,246. Bitcoin fell $13 to $943.


Mixed open on economic data

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First time applications for unemployment benefits fell last week but the nation's trade deficit widened. The markets opened mixed with the Dow rising 25 points to 19,858 while Nasdaq eased a fraction to 5,437.


On the upside


A patient case study a Phase 1 clinical trial of Fortress Biotech's (Nasdaq: FBIO) MB-101 to treat glioblastoma will be published in the December 29 edition of the New England Journal of Medicine.


Cesca Therapeutics (Nasdaq: KOOL) shareholder Boyalife acquired more than 6 million shares of company stock.


Prima BioMed (Nasdaq: PBMD) reported upbeat interim data for its TACTI-mel clinical program for IMP321 in unresectable or metastatic melanoma patients. 


On the downside


The Food and Drug Administration issued a Complete Response Letter to Cempra (Nasdaq: CEMP) for oral and intravenous solithromycin to treat community-acquired bacterial pneumonia in adults.


Investors locked in profits on Galena Biopharma (Nasdaq: GALE). 


Profit taking weighed down shares of Dataram (Nasdaq: DRAM).


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index added a point to 2,251. Bitcoin eased $1 to $954.


A sharp drop in pending home sales sent the markets tumbling to close sharply lower with the Dow plummeting 111 points to 19,833. Nasdaq plunged 48 points to 5,438.


On the upside


Kate Spade & Co. (NYSE: KATE) is reportedly exploring a possible sale of the company.


Rising gold prices lifted shares of Barrick Gold (NYSE: ABX) and Iamgold (NYSE: IAG).


Shares of Monster Digital (Nasdaq: MSDI) surged on no news. 


On the downside


Investors locked in profits on Navios Maritime Holdings (NYSE: NM).


Profit taking weighed down shares of Advanced Micro Devices (Nasdaq: AMD). 


Citron Research tweeted that Nvidia (Nasdaq: NVDA) was overvalued.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index tumbled 18 points to 2,249. Bitcoin soared $36 to $956.


Delta cancels Boeing 787 order

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The markets extended its losses during the midday with the Dow dropping 73 points to 19,871. Nasdaq tumbled 41 points to 5,445.


Delta Air Lines has cancelled an order for 18 Boeing 787 Dreamliner aircraft valued at more than $4 billion. The order had originally been placed by Northwest which merged with Delta in 2008. At the time of the merger, Delta had deferred the Dreamliner order. Delta will continued to take delivery of new 737-900ER aircraft through 2019.


Japanese auto parts supplier Takata is close to resolving allegations of wrongdoing by the Department of Justice for its faulty air bag inflators. The settlement could be as high as $1 billion with the company pleading guilty to criminal misconduct. The faulty air bag inflators have been linked to 11 deaths and more than 180 injuries.


Toshiba warned that it would have to record a loss in the billions of dollars for work related to managing project operations and plant contracts at nuclear facilities in the U.S. Toshiba's subsidiary Westinghouse Electric acquired the nuclear construction and integrated services units of Chicago Bridge & Iron in 2015. After reviewing the ongoing projects, Westinghouse concluded that the cost to complete the projects far exceeded original estimates.


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 index fell 14 points to 2,253. Bitcoin gained $18 to $937.


The markets opened lower with the Dow slipping 23 points to 19,922 as pending home sales dropped 2.5% in November. Nasdaq fell 27 points to 5,459.


On the upside


Galena Biopharma (Nasdaq: GALE) will advance its GALE-401 into a pivotal Phase 3 clinical trial.


Shares of Dataram (Nasdaq: DRAM) advanced for the third day in a row.


Live Ventures (Nasdaq: LIVE) reported record earnings and revenue for 2016 and expects continued growth in 2017. 


On the downside


Anthera Pharmaceuticals (Nasdaq: ANTH) reported disappointing results from a Phase 3 SOLUTION clinical study in cystic fibrosis patients with exocrine pancreatic insufficiency.


Investors locked in profits on Conatus Pharmaceuticals (Nasdaq: CNAT). 


Profit taking weighed down shares of Intrepid Potash (NYSE: IPI).


In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index lost 8 points to 2,260. Bitcoin gained $13 to $933.


Flat close on slow trading day

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The markets closed flat on a slow trading day with the Dow adding 11 points to 19,945. Nasdaq gained 24 points to 5,504.


On the upside


Analysts recently reiterated their Buy ratings on Conatus Pharmaceuticals (Nasdaq: CNAT).


Shares of Cyclacel Pharmaceuticals (Nasdaq: CYCC) surged on no news.


Moleculin Biotech (Nasdaq: MBRX) stock soared on no news. 


On the downside


Investors locked in profits on Portola Pharmaceuticals (Nasdaq: PTLA).


The Food and Drug Administration issued a Complete Response Letter to Amphastar Pharmaceuticals (Nasdaq: AMPH) for its New Drug Application for Primatene Mist. 


Stone Energy (NYSE: SGY) stock fell for the third day.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 index gained 5 points to 2,268. Bitcoin surged $35 to $919.


December consumer confidence rose more than expected to 113.7 to lift the markets to a higher open with the Dow rising 37 points to 19,971. Nasdaq climbed 41 points to 5,504.


On the upside


Bargain hunters lifted shares of OvaScience (Nasdaq: OVAS).


Shares of Nvidia (Nasdaq: NVDA) climbed for the tenth day.


Fitbit (NYSE: FIT) was the second most downloaded free app for the iPhone on Apple's (Nasdaq: AAPL) App Store over the weekend. 


On the downside


The Food and Drug Administration placed a clinical hold on several Phase 1 trials of Seattle Genetics' (Nasdaq: SGEN) vadastuximab talirine to treat acute myeloid leukemia.


Endologix (Nasdaq: ELGX) temporarily halted shipments of its AFX Endovascular AAA System to investigate a manufacturing issue. 


DryShips (Nasdaq: DRYS) entered a $200 million stock purchase agreement with Salani Investments.


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 index gained 8 points to 2,272. Bitcoin surged $35 to $920.


U.S. markets closed

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U.S. markets are closed for the Christmas holiday.

The markets advanced in late afternoon trading to close modestly higher with the Dow rising 14 points to 19,933. Nasdaq gained 15 points to 5,462.


On the upside


The Food and Drug Administration accepted Portola Pharmaceuticals' (Nasdaq: PTLA) New Drug Application for betrixaban.


Bargain hunters lifted shares of Conatus Pharmaceuticals (Nasdaq: CNAT).


A district court granted a stay of judgment in a verdict against Neovasc (Nasdaq: NVCN). 


On the downside


Shares of Pengrowth Energy (NYSE: PGH) extended its losses.


GNC Holdings (NYSE: GNC) stock continued to fall. 


Investors locked in profits on Opexa Therapeutics (Nasdaq: OPXA).


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 7 to 5 on Nasdaq. The broader S&P 500 index added 2 points to 2,263. Bitcoin surged $45 to $900.


Uber moves self-driving cars to Arizona

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The markets traded flat during the midday with the Dow edging down 2 points to 19,916. Nasdaq rose 6 points to 5,453.


Uber has transported its fleet of self-driving cars from California to Arizona to test its autonomous technology. The self-driving vehicles operated in San Francisco for a week until the Department of Motor Vehicles revoked their car registrations. Uber had failed to properly apply for a testing permit.


Deutsche Bank will pay a total of $7.2 billion to settle a mortgage securities case with the Department of Justice. The DOJ alleged that Deutsche Bank engaged in fraud by misleading investors into buying its risky mortgage backed bonds between 2005 to 2007. The settlement includes $3.1 billion in fines and $4.1 billion in compensation to homeowners and borrowers.


The Department of Justice has sued Barclays and two former executives for repeatedly misrepresenting the quality of its mortgage backed securities to investors between 2005 and 2007. Former head banker on subprime residential mortgage backed securities packaging Paul Menifee and former head trader for subprime loan acquisitions John Carroll have been charged with falsely assuring investors that unacceptable mortgages had been excluded from the securities being sold.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 index edged up a fraction to 2,261. Bitcoin soared $31 to $886.


Flat open ahead of Christmas holiday

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The markets opened flat with the Dow slipping a point to 19,917 on the last trading day before Christmas. Nasdaq added 3 points to 5,451.


On the upside


Dipexium Pharmaceuticals (Nasdaq: DPRX) will merge with PLx Pharma in an all stock transaction.


Synergy Pharmaceuticals (Nasdaq: SGYP) reported positive results from a second Phase 3 trial of plecanatide to treat irritable bowel syndrome with constipation.


Active Wall St. issued post-earnings coverage of Arrowhead Pharmaceuticals (Nasdaq: ARWR).


On the downside


Bonanza Creek Energy (NYSE: BCEI) will file for Chapter 11 bankruptcy protection.


Cintas (Nasdaq: CTAS) reported second quarter earnings that fell short of analyst expectations. 


Investors locked in profits on Tokai Pharmaceuticals (Nasdaq: TKAI).


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index edged up a fraction to 2,261. Bitcoin surged $41 to $896.


A slowdown in consumer spending weighed the markets down to a lower close with the Dow losing 23 points to 19,918. Nasdaq fell 24 points to 5,447.


On the upside


Shares of Uranium Resources (Nasdaq: URRE) climbed after both Russian president Vladimir Putin and president-elect Donald Trump said that nuclear arsenals must be strengthened.


A London arbitration tribunal ruled that the 20-year contract between Navios Maritime (NYSE: NM) and Vale International for the iron ore port that is under construction is in full force and effect.


Sunoco (NYSE: SUN) amended its credit facilities.


On the downside


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


Investors continued to lock in profits on Conatus Pharmaceuticals (Nasdaq: CNAT). 


Shares of Sangamo Sciences (Nasdaq: SGMO) extended its losses.


In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 index lost 4 points to 2,260. Bitcoin eased to $854.


The markets extended its losses during the midday with the Dow losing 15 points to 19,926. Nasdaq fell 21points to 5,450.


Teva Pharmaceutical Industries will settle criminal and civil bribery allegations by paying more than $519 million in penalties and profit forfeitures. The generic drug maker has admitted to bribing officials in Mexico, Russia and Ukraine for more than a decade. Teva has assured regulators that all of the executives and employees who had participated in the bribery schemes are no longer employed with the company.


Nokia has sued Apple for infringing on 32 technology patents. Apple had licensed some of Nokia's patents in 2011. Nokia claims that efforts to negotiate license agreements for other patents have failed and that Apple incorporates many of Nokia's patented inventions in its products. Apple asserts that Nokia has engaged in anticompetitive behavior by refusing to license their patents on a fair basis.


Facebook's Building 8 research and development division has signed collaboration agreements with 17 universities including Stanford, Harvard and MIT. The Sponsored Academic Research Agreement allows university researchers to launch new projects within weeks. Facebook expects university researchers to develop the next generation of innovative technological advancements. 


In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index slipped 3 points to 2,261. Bitcoin soared $30 to $852.


The markets opened modestly lower with the Dow slipping 13 points to 19,928 as consumer spending rose less than expected in November. Nasdaq lost 10 points to 5,461.


On the upside


Tokai Pharmaceuticals (Nasdaq: TKAI) entered a share purchase agreement under which shareholders of Otic Pharma will become majority owners of Tokai.


Micron Technology (Nasdaq: MU) reported better than expected earnings for the first quarter and forecast second quarter results ahead of analyst estimates.


Cemtrex (Nasdaq: CETX) reported sharply higher earnings and revenue for fiscal 2016.


On the downside


Red Hat (NYSE: RHT) disappointed with third quarter revenue that fell short of expectations, forecast current quarter revenue below estimates and announced the resignation of chief financial officer Frank Calderoni.


Aurinia Pharmaceuticals (Nasdaq: AUPH) entered a bought deal financing agreement with H.C. Wainwright & Co. and Cormack Securities. 


OvaScience (Nasdaq: OVAS) announced the departure of chief executive Harald Stock, Ph.D. and chief operating officer Paul Chapman and will cut its workforce by approximately 30%.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index lost 4 points to 2,260. Bitcoin surged $38 to $859.


Lower close as oil inventories climb

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Crude oil prices slipped as the nation's inventory of crude oil unexpectedly rose last week. The markets closed lower with the Dow losing 32 points to 19,941. Nasdaq fell 12 points to 5,471.


On the upside


Internap (Nasdaq: INAP) completed its initial round of cost cuts and reaffirmed its 2016 forecast.


Twilio (NYSE: TWLO) expanded its existing relationship with Amazon.


Merus (Nasdaq: MRUS) entered a global, strategic collaboration agreement with Incyte (Nasdaq: INCY) to research and develop bispecific antibodies using Merus' Biclonics technology platform.


On the downside


Shares of ContraVir Pharmaceuticals (Nasdaq: CTRV) extended its losses.


Retreating crude oil prices weighed down share of Stone Energy (NYSE: SGY) and Vanguard Natural Resources (Nasdaq: VNR). 


An appeals court affirmed an arbitration award in favor of TerraVia Holdings (Nasdaq: TVIA) but the stock price slipped.


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index lost 5 points to 2,265. Bitcoin surged $27 to $817.


The markets traded modestly lower during the midday with the Dow slipping 13 points to 19,960. Nasdaq lost 7 points to 5,476.


Goldman Sachs will settle civil charges filed by the Commodity Futures Trading Commission by paying a penalty of $120 million. The derivatives regulator alleged that Goldman Sachs attempted to manipulate a global benchmark for interest rate products. The case against Goldman Sachs will be resolved without admission of guilt or denial of charges. 


Facebook has launched its audio streaming service Facebook Live Audio. The new feature is available for a select group of users and publishers with a wide release planned for next year. Pre-selected partners who will broadcast on Live Audio include the BBC, publisher Harper Collins and authors Britt Bennett and Adam Grant.


The Financial Industry Regulatory Authority fined Wells Fargo & Co. $5.5 million for failing to provide proper security for electronic documents. Documents are supposed to be stored in "write once, read many" format in order to prevent alterations to electronic records. Wells Fargo will pay the fine without admitting to or denying the charges.


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 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 2,268. Bitcoin soared $26 to $816.


Existing home sales climbed in November to a ten-year high but the markets opened flat with the Dow slipping 12 points to 19,961. Nasdaq lost 8 points to 5,474.


On the upside


TDK will pay a premium of approximately $1.3 billion in cash to acquire InvenSense (NYSE: INVN).


Calithera Biosciences (Nasdaq: CALA) will collaborate with Bristol-Myers Squibb (NYSE: BMY) to evaluate Bristol-Myers Squibb's Opdivo in combination with Calithera's CB-839 in patients with clear cell renal cell carcinoma.


Euroseas (Nasdaq: ESEA) will acquire an Ultramax drybulk carrier.


On the downside


xG Technology (Nasdaq: XGTI) priced its public offering with expected total gross proceeds of approximately $10 million.


The Finish Line (Nasdaq: FINL) widened third quarter losses more than expected and lowered its full year forecast. 


Merrimack Pharmaceuticals (Nasdaq: MACK) halted a Phase 2 HERMIONE study of MM-302 in HER2-positive metastatic breast cancer patients.


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 7 to 5 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,268. Bitcoin surged $34 to $823.


Rising crude oil prices lift markets

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Rising crude oil prices lifted the markets to a higher close with the Dow soaring 91 points to 19,974. Nasdaq climbed 26 points to 5,483.


On the upside


Akebia Therapeutics (Nasdaq: AKBA) entered a collaboration and license agreement with Otsuka Pharmaceuticals to commercialize vadadustat in the U.S.


TerraVia Holdings (Nasdaq: TVIA) suspended supply to Soylent effective immediately.


Hill International (NYSE: HIL) will sell its Construction Claims Group to Bridgepoint Development Capital for $147 million in cash.


On the downside


Destination Maternity (Nasdaq: DEST) will merge with Orchestra Premaman.


Flotek Industries (NYSE: FTK) warned of sequentially lower revenue for the fourth quarter in the Consumer and Industrial Chemistry segment. 


New York Community Bancorp (NYSE: NYCB) terminated its merger agreement with Astoria Financial.


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 index gained 8 points to 2,270. Bitcoin added $2 to $787.


NHTSA investigates Fiat Chrysler

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The markets traded higher during the midday with the Dow climbing 80 points to 19,963. Nasdaq gained 20 points to 5,478.


The U.S. National Highway Traffic Safety Administration initiated an investigation into Fiat Chrysler Ram pickup trucks and SUVs for potentially rolling away after drivers parked the vehicles. Owners have complained that vehicles have rolled away and crashed despite being parked. The 2013 to 2016 model year Ram 1500 pickup trucks and 2014 to 2016 model year Dodge Durango SUVs being investigated have a different electronic rotary control for driver gear selections that may cause confusion.


Morgan Stanley will settle civil charges filed by the Securities and Exchange Commission that the bank violated the Customer Protection Rule. Between March 2013 and March 2015, Morgan Stanley allegedly used an affiliate to make trades with customer funds that should have been protected in a reserve account. Morgan Stanley will pay $7.5 million while admitting no wrongdoing.


Facebook has selected Academy Award winning actor Morgan Freeman to voice its artificial intelligence assistant Jarvis. Facebook chief executive Mark Zuckerberg had asked the public to make suggestions for the role. Freeman won the popular vote.


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 index rose 6 points to 2,269. Bitcoin added $2 to $787.


Higher open as Dow flirts with 20,000

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The markets markets opened higher with the Dow climbing 84 points to 19,967 as the blue chip index flirted with the 20,000 mark. Nasdaq gained 19 points to 5,476.


On the upside


Conatus Pharmaceuticals (Nasdaq: CNAT) entered an exclusive collaboration and license agreement with Novartis to develop and commercialize emricasan.


Fred's (Nasdaq: FRED) will pay $950 million in cash to acquire 865 stores from Walgreens Boots Alliance (Nasdaq: WBA) and Rite Aid (NYSE: RAD).


Acadia Pharmaceuticals (Nasdaq: ACAD) reported positive data top-line results from a Phase II exploratory study of pimavanserin.


On the downside


Sucampo Pharmaceuticals (Nasdaq: SCMP) will offer $225 million in convertible senior notes.


NeoPhotonics (NYSE: NPTN) cut its fourth quarter guidance and agreed to sell its Access and Low Speed transceiver product lines to APAT Optoelectronics Components. 


Second quarter earnings for Worthington Industries (NYSE: WOR) fell short of expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 index rose 6 points to 2,269. Bitcoin edged up to $785.


Germany attack mutes market advance

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The markets retreated from earlier highs but closed in positive territory with the Dow rising 39 points to 19,883 as investors reacted to an attack in Germany. Nasdaq gained 20 points to 5,457.


On the upside


Rising crude oil prices lifted shares of Bonanza Creek Energy (NYSE: BCEI), Stone Energy (NYSE: SGY) and W&T Offshore (NYSE: WTI).


Shares of BioCryst Pharmaceuticals (Nasdaq: BCRX) climbed for the fourth day.


Kosmos Energy (NYSE: KOS) entered a partnership with BP to explore and develop basins offshore Mauritania and Senegal.


On the downside


JAKKS Pacific (Nasdaq: JAKK) cut its full year forecast.


Interspace Diagnostics Group (Nasdaq: IDXG) announced a direct offering of 2 million common shares at the discounted price of $0.53 per share. 


MKM Partners downgraded Ambac Financial (Nasdaq: AMBC) from a Neutral rating to a Sell rating.


In the broad market, advancing issues outpaced decliners 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 index rose 4 points to 2,262. Bitcoin edged up to $783.


GM to temporarily shut 5 plants

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The markets traded higher during the midday with the Dow rising 45 points to 19,889. Nasdaq gained 33 points to 5,470.


General Motors will temporarily shut five auto assembly plants in the U.S. in January in order to trim its inventory of sedans. The Detroit-Hamtramck plant in Michigan and the Fairfax factory in Kansas will close for three weeks. A plant in Lansing Grand Rapid River in Michigan will be down for two weeks. Closed for one week will be a plant in Lordstown, Ohio and one in Bowling Green, Kentucky.


Google's former self-driving car unit, which is now under Google parent Alphabet, has released photos of its self-driving minivans. Waymo partnered with Chrysler to design a self-driving Pacifica minivan that will be cruising public roads in 2017. The new van has been tested for more than 200 hours in extreme weather conditions.


Apple has appealed a European Union ruling in August that ordered Apple to pay $14.5 billion in back taxes to Ireland. Ireland has joined the appeal and issued a statement from the Finance Ministry defending Apple while asserting that the European Commission misunderstood the case. Apple expects the ruling to be overturned.


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 index rose 6 points to 2,264. Bitcoin added $2 to $784.


Higher open as crude oil edges up

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The markets opened higher with the Dow gaining 66 points to 19,909 as crude oil prices edged up. Nasdaq climbed 44 points to 5,481.


On the upside


xG Technology (Nasdaq: XGTI) will acquire Vislink Communication Systems from Vislink.


Allied World Assurance (NYSE: AWH) will be acquired by Fairfax Financial Holdings for a premium of approximately $4.9 billion in cash and stock.


Xoxo Oncology (Nasdaq: LOXO) provided an updated timeline for accelerated approval of larotrectinib.


On the downside


Shares of Freeport McMoRan (NYSE: FCX) fell on news of Indonesia's draft proposal to ease an export ban on copper, nickel and bauxite.


Vale (NYSE: VALE) will sell its fertilizer business to Mosaic for $2.5 billion in cash and stock. 


Investors locked in profits on Evoke Pharma (Nasdaq: EVOK).


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 index gained 8 points to 2,266. Bitcoin added $2 to $785.


Lower close as housing starts fall

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The markets retreated to close lower with the Dow slipping 8 points to 19,843 as November housing starts fell more than expected. Nasdaq lost 19 points to 5,437.


On the upside


Moody's Investors Service downgraded Stone Energy's (NYSE: SGY) Probability of Default Rating from CA-PD to D-PD in response the oil producer's Chapter 11 bankruptcy filing but the stock price soared.


Urstadt Biddle Properties (NYSE: UBP) increased its quarterly dividend by $0.02 to $0.235 per share of common stock.


Positive data from a Phase 2 clinical trial of Aptevo Therapeutics' (Nasdaq: APVO) otlertuzumab was published in the British Journal of Haematology.


On the downside


xG Technology (Nasdaq: XGTI) completed its 1-for-10 reverse stock split.


Investors locked in profits on Diana Containerships (Nasdaq: DCIX). 


Profit taking weighed down shares of Sino-Global Shipping America (Nasdaq: SINO).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 index lost 3 points to 2,258. Bitcoin rose $3 to $776.


The markets traded mixed during the midday with the Dow gaining 23 points to 19,875. Nasdaq lost 6 points to 5,449.


The European Commission has approved the proposed $10.4 billion acquisition of WhiteWave by Danone. The Commission had expressed competition concerns in the "growing-up milk" business but Danone offered to sell most of its "growing-up milk" business in Belgium. The divestiture gesture satisfied regulators who made the acquisition conditional on the Belgium segment sale.


Twitch introduced its new IRL channel that will allow video game streamers to chat with their audience. The Twitch streaming service that was acquired by Amazon two years ago was limited to players streaming while gaming. Users will now be able to upload and stream moments from their normal, non-gaming lives.


Deutsche Bank must pay nearly $40 million settle charges that it misled investors in dark pool trading platforms. Charges with federal and New York state regulators will be settled with a $37 million payment while $3.25 million will go to the Financial Industry Regulatory Authority. Deutsche clients were told that a dark pool ranking model using ongoing data analysis was used to rank anonymous trading platforms but the ranking model was updated only once in two years.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index eased a fraction to 2,261. Bitcoin rose $3 to $775.


Crude oil rises, markets open higher

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The markets opened higher with the Dow gaining 36 points to 19,888 as crude oil prices edged up. Nasdaq added 5 points to 5,462.


On the upside


Evoke Pharma (Nasdaq: EVOK) received positive guidance from a pre-New Drug Application meeting with the Food and Drug Administration for Gimoti.


First quarter earnings for Jabil Circuit (NYSE: JBL) beat expectations.


Shares of DryShips (Nasdaq: DRYS) extended its gains.


On the downside


RXi Pharmaceuticals (Nasdaq: RXII) priced its public offering of securities at a discount.


Agios Pharmaceuticals (Nasdaq: AGIO) withdrew its investigational new drug application for AG-519 and will no longer develop its second pyruvate kinase-R activator. 


Vehicle (Nasdaq: VCEL) priced its public offering of 6.2 million shares of common stock at the discounted price of $2.75 per share.


In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index added 2 points to 2,264. Bitcoin rose $4 to $776.


Higher close as CPI rises

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An uptick in the consumer price index lifted the markets to a higher close with the Dow gaining 59 points to 19,852. Nasdaq rose 20 points to 5,456.


On the upside


Shares of Diana Containerships (Nasdaq: DCIX) nearly doubled on no news.


Euroseas (Nasdaq: ESEA) will purchase a feeder containership vessel for 900,000 shares of common stock and also announced a private placement of 719,425 shares of common stock.


DryShips (Nasdaq: DRYS) refinanced its debt.


On the downside


Amicus Therapeutics (Nasdaq: FOLD) will offer $225 million in convertible senior notes.


NantHealth (Nasdaq: NH) will offer $100 million in convertible senior notes. 


Falling gold prices weighed down shares of First Majestic Silver (NYSE: AG).


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index gained 8 points to 2,262. Bitcoin added $1 to $773.


The markets traded higher during the midday with the Dow gaining 66 points to 19,858. Nasdaq rose 19 points to 5,456.


A group of twenty states led by Connecticut have filed a lawsuit against six generic drug makers for price fixing. The lawsuit alleges that Heritage Pharmaceuticals conspired with Aurobindo Pharma, Citron Pharma, Mayne Pharma, Mylan, and Teva Pharmaceuticals of manipulating the price of two common generic drugs. An investigation by the attorney generals of the plaintiff states discovered that the pharmaceuticals engaged in a sophisticated scheme to keep the prices of the delayed version of the antibiotic doxycycline hyclate and the diabetes treatment glyburide artificially high in order to increase profits.


BlackBerry entered an agreement with TCL Communication Technology Holdings to manufacture and market BlackBerry branded mobile devices. TCL now holds the rights to sell BlackBerry branded devices worldwide except in Bangladesh, India, Indonesia, Nepal and Sri Lanka. The devices will be installed with BlackBerry's security software and server suite.


The Federal Reserve adopted a total loss absorbing capacity rule that requires that the eight largest U.S. banks must maintain a minimum level of long term debt in case of bankruptcy. In the event of a future market collapse, the banks must convert their debt instruments into shareholder equity. The Fed expects that four of the largest banks must issue approximately $50 billion in new debt to comply with the new rule.


In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 index gained 9 points to 2,262. Bitcoin added $1 to $773.


Higher open as CPI rises

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The nation's consumer price index rose 0.2% in November to lift the markets to a higher open with the Dow soaring 106 points to 19,899. Nasdaq gained 28 points to 5,465.


On the upside


Pier 1 Imports (NYSE: PIR) reported higher third quarter earnings that topped analyst estimates and appointed Terry E. London to the position of interim president and chief executive effective January 1, 2017.


Athenahealth (Nasdaq: ATHN) reaffirmed its guidance for 2016 and forecast upbeat results for 2017.


B.O.S. Better Online Solutions (Nasdaq: BOSC) received a $1.6 million order for electronic components from an Indian electronics manufacturer.


On the downside


F. Hoffman-La Roche terminated its development, commercialization and license agreement with Pacific Biosciences (Nasdaq: PACB).


Ocean Rig (Nasdaq: ORIG) disappointed with sharply lower third quarter earnings that fell short of analyst expectations. 


Gulfport Energy (Nasdaq: GPOR) announced a public offering of 29 million common shares and a $600 million senior notes offering.


In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE while advancers edged out decliners by 9 to 7 on Nasdaq. The broader S&P 500 index gained 11 points to 2,265. Bitcoin added $2 to $774.


The Federal Reserve increased interest rates by 0.25% in a unanimous vote. The first rate hike of the year weighed the markets down to a lower close with the Dow plunging 118 points to 19,792. Nasdaq fell 27 points to 5,436.


On the upside


Shares of Skyline Medical (Nasdaq: SKLN) climbed on no news.


Global Eagle Entertainment (Nasdaq: ENT) extended its contract to provide connectivity systems and services to Southwest Airlines (NYSE: LUV) through 2025.


Antares Pharma (Nasdaq: ATRS) stock climbed for the second day in a row.


On the downside


Investors locked in profits on First NBC Bank Holding (Nasdaq: FNBC).


Airgain (Nasdaq: AIRG) closed its public offering of common stock. 


Aegean Marine Petroleum Network (NYSE: ANW) increased its convertible senior notes offering.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 index tumbled 18 points to 2,253. Bitcoin held steady at $773.


Amazon makes first drone delivery

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The markets traded flat with the Dow rising 9 points to 19,920. Nasdaq edged up a point to 5,465.


Amazon made its first delivery by drone in the United Kingdom last week. The order for an Amazon Fire TV and a bag of popcorn took thirteen minutes from the time that the customer submitted the order to the delivery of the package. Amazon will be testing its Prime Air drone delivery service in rural areas of the U.K. in the next few weeks.


Uber will begin testing self-driving cars in San Francisco today. A safety driver will remain at the steering wheel to take control of the car if needed. Eleven Volvo XC90 SUVs have been equipped with radar, lidar and camera sensors in order to navigate city streets that are bustling with pedestrians, cyclists, buses as well as other drivers.


The European Commission's Joint Research Centre tested Audi's A3 for diesel emissions in August. The test results revealed that Volkswagen's top selling luxury vehicle emitted more nitrogen oxides than allowed by law. Audi disputed the results saying that independent measurements yielded results that were within legal limits.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index edged up a fraction to 2,272. Bitcoin lost $3 to $771.


The markets opened lower with the Dow losing 36 points to 19,875 as retail sales edged up a disappointing 0.1% in November. Nasdaq eased a point to 5,462.


On the upside


The Food and Drug Administration approved Vericel's (Nasdaq: VCEL) MACI to treat articular cartilage defects in the knee.


NeuStar (NYSE: NSR) will be taken private by an investment group led by Golden Gate Capital in a deal valued at approximately $2.9 billion including the assumption of debt.


BrainStorm Cell Therapeutics (Nasdaq: BCLI) presented positive data from a Phase 2 study of NurOwn to treat ALS.


On the downside


Profit taking weighed down shares of Neovasc (Nasdaq: NVCN).


Investors locked in profits on Gulfmark Offshore (NYSE: GLF). 


Callon Petroleum (NYSE: CPE) increased its public offering to 40 million common shares and priced the offering at the discounted price of $16.40 per share.


In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index lost 4 points to 2,267. Bitcoin held steady at $773.


The markets soared to close sharply higher with the Dow surging 114 points to 19,911 even as the Federal Reserve is expected to raise interest rates tomorrow. Nasdaq climbed 51 points to 5,463.


On the upside


Achaogen (Nasdaq: AKAO) will offer up to 5.75 million common shares through a public offering.


Cemtrex (Nasdaq: CETX) expects self driving technology and connected intelligent cars to generate new opportunities for the company.


Organovo Holdings (Nasdaq: ONVO) reported promising preclinical data for its 3D bioprinting technology to bioprint human liver tissue.


On the downside


Profit taking weighed down shares of Apricus Biosciences (Nasdaq: APRI).


Scorpio Bulkers (NYSE: SALT) entered a time charter-out agreement for one Kamsarmax vessel. 


Investors locked in profits on SeaDrill (NYSE: SDRL).


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index climbed 14 points to 2,271. Bitcoin added $1 to $773.


Two recalls for laceration hazards

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The markets extended its gains during the midday with the Dow soaring 138 points to 19,934. Nasdaq surged 66 points to 5,479.


Yankee Candle has recalled 31,000 candles from its Luminous Collection fragrance line for a potential laceration hazard. The jars can crack while the candles are lit. So far, sixteen customers have reported cracking jars. All the recalled candles were sold in Yankee Candle stores and on the Yankee Candle website between September and November 2016.


The potential for a blade to crack prompted Conair to recall 8 million Cuisinart food processors. Conair said that the blade can crack over time and break. Sixty nine incidents have been reported of broken blade pieces being found in food. The food processors were sold between July 1996 and December 2015 in the U.S. and Canada at specialty stores and websites.


Snapchat introduced its Group update that allows users to chat with up to 15 people. The names of all participants in the Group chat will be visible. One-on-one conversations can be initiated by clicking on a specific name. The Group Snaps and chats will disappear after 24 hours.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 index climbed 17 points to 2,274. Bitcoin rose $4 to $776.


Higher open as import prices slip

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The markets opened higher with the Dow climbing 79 points to 19,876 as import prices slipped for the first time in three months. Nasdaq soared 53 points to 5,465.


On the upside


OpGen (Nasdaq: OPGN) entered a research collaboration with Merck to develop new rapid diagnostics and information technology products to help combat antibiotic resistant pathogens.


Neovasc (Nasdaq: NVCN) closed its previously announced agreement for Boston Scientific to make a 15% equity investment and acquire Neovasc's advanced biologic tissue capabilities and certain manufacturing assets for $75 million.


Verifone (NYSE: PAY) reported a smaller than expected loss for the fourth quarter.


On the downside


Proteon Therapeutics (Nasdaq: PRTO) reported disappointing results from a Phase 3 clinical trial of vonapanitase in patients with chronic kidney disease.


Inovalon Holdings (Nasdaq: INOV) cut its full year forecast. 


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


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index climbed 12 points to 2,269. Bitcoin rose $2 to $774.


Oil prices climbed but an imminent interest rate increase tempered investor enthusiasm. The markets closed mixed with the Dow gaining 39 points to 19,796 while Nasdaq fell 31 points to 5,412.


On the upside


Shares of Gulfmark Offshore (NYSE: GLF) climbed after non-OPEC nations agreed to cut production.


Neonode's (Nasdaq: NEON) AirBar sensor is now available through BestBuy.com.


Anavex Life Sciences (Nasdaq: AVXL) reported a stronger balance sheet for the year.


On the downside


Investors locked in profits on TerraVia Holdings (Nasdaq: TVIA).


Profit taking weighed down shares of Stage Stores (NYSE: SSI).


Investors took profits on Opexa Therapeutics (Nasdaq: OPXA).


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,256. Bitcoin climbed $9 to $772.


The markets traded mixed during the midday with the Dow rising 14 points to 19,771. Nasdaq dropped 42 points to 5,401.


Microsoft co-founder and billionaire philanthropist Bill Gates will partner with fellow business and technology leaders to create a $1 billion investment fund to support clean energy research and development. Amazon founder and chief executive Jeff Bezos as well as Alibaba founder and executive chairman Jack Ma have also committed to investing in Breakthrough Energy Ventures to combat climate change. The fund "will finance emerging energy breakthroughs that can deliver affordable and reliable zero carbon emissions."


Honda Motor has invested in Grab and will partner with the Southeast Asian ride-hailing service to develop ride-sharing technology. Grab currently offers taxi service, motorbike hailing, and carpooling. Chinese ride-hailing service Didi Chuxing has also invested in Grab.


Non-OPEC oil producing nations agreed on Saturday to support OPEC's production cut by lowering their output by 558,000 barrels per day. The reduction is the greatest amount ever by non-OPEC oil producers. OPEC had announced a 1.2 million bpd cut in November to reduce the global supply glut and increase prices.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index lost 5 points to 2,254. Bitcoin soared $12 to $775.


Non-OPEC nations join production cuts

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The markets opened mixed with the Dow gaining 51 points to 19,808 while Nasdaq lost 16 points to 5,428 as oil producing nations partnered with OPEC to cut oil production.


On the upside


Achaogen (Nasdaq: AKAO) reported positive results from Phase 3 cUTI and CRE clinical trials of plazomicin.


An agreement by non-OPEC nations to cut production in partnership with OPEC lifted shares of Bonanza Creek Energy (NYSE: BCEI), Vanguard Natural Resources (Nasdaq: VNR) and W&T Offshore (NYSE: WTI).


Shares of drilling services providers Ocean Rig (Nasdaq: ORIG) and SeaDrill (NYSE: SDRL) surged alongside oil producers.


On the downside


Ophthotech (Nasdaq: OPHT) reported disappointing results from two Phase 3 clinical trials of Fovista to treat wet age-related macular degeneration.


Alexion Pharmaceuticals (Nasdaq: ALXN) chief executive David Hallal and chief financial officer Vikas Sinha were both replaced by the company's board of directors as an investigation into improper sales practices continued.


Investors locked in profits on Interspace Diagnostics Group (Nasdaq: IDXG).


In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 index added 2 points to 2,262. Bitcoin climbed $10 to $771.


Markets soar as inventories fall

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The markets surged to close sharply higher with the Dow soaring 142 points to 19,756 as wholesale inventories fell. Nasdaq climbed 27 points to 5,444.


On the upside


InvenSense (NYSE: INVN) engaged in discussions to be acquired by TDK.


Emergent BioSolutions (NYSE: EBS) will supply the Centers for Disease Control and Prevention approximately 29.4 million doses of BioThrax.


BioDelivery Sciences International (Nasdaq: BDSI) reacquired the rights to BELBUCA buccal film from Endo Pharmaceuticals (Nasdaq: ENDP).


On the downside


Superconductor Technologies (Nasdaq: SCON) priced its public offering of common stock at the discounted price of $1.50 per share.


Restoration Hardware (NYSE: RH) disappointed with sharply lower third quarter earnings and cut its full year forecast.


Xactly (NYSE: XTLY) reported a loss for the third quarter.


In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by 7 to 5 on Nasdaq. The broader S&P 500 index climbed 13 points to 2,259. Bitcoin edged up a fraction to $765.


The markets advanced during the midday with the Dow gaining 68 points to 19,683. Nasdaq rose 12 points to 5,429.


Nintendo will launch its first mobile app, Super Mario Run, on December 15 in 151 countries. A demo version will be available for free with limited access to the three modes. For $9.99, players will have full access to World Tour, Toad Rally and Kingdom Builder. In order to play, an active Internet connection must be maintained at all times.


Samsung will release a new software update for the Galaxy Note 7 on December 19 that will prevent the device from charging thus rendering the smartphone useless. The Galaxy Note 7 was recalled in September after reports that the device caught on fire. Approximately 93% of the Note 7 in the U.S. has been returned to Samsung.


Twenty-First Century Fox offered a premium of approximately $14.1 billion in cash to acquire the remaining shares of European pay-TV group Sky that it does not already own. Fox currently holds a 39.1% stake in the British broadcaster. The acquisition would provide Fox a distribution platform for its content in Europe.


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 nearly 10 to 9 on Nasdaq. The broader S&P 500 index gained 6 points to 2,252. Bitcoin edged up a fraction to $766.


The markets opened higher with the Dow rising 29 points to 19,644 as consumer confidence climbed. Nasdaq gained 23 points to 5,440.


On the upside


Aetna will now cover Interspace Diagnostics Group's (Nasdaq: IDXG) ThyraMir.


Sibanye Gold will pay a premium of approximately $2.2 billion in cash to acquire Stillwater Mining (NYSE: SWC).


Bargain hunters lifted shares of Seanergy Maritime Holdings (Nasdaq: SHIP).


On the downside


TETRA Technologies (NYSE: TTI) priced its public offering of 19.4 million common shares at $5.15 per share.


Duluth Holdings (Nasdaq: DLTH) reported lower third quarter earnings and cut its full year forecast.


Clearside BioMedical (Nasdaq: CLSD) priced its public offering of 4 million common shares at the discounted price of $9.00 per share.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 index gained 6 points to 2,252. Bitcoin edged up a fraction to $766.


Higher close as jobless claims fall

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The markets closed higher with the Dow gaining 65 points to 19,614 as jobless claims fell. Nasdaq climbed 23 points to 5,417.


On the upside


Ciena (NYSE: CIEN) swung to a profit for the fourth quarter.


Shares of CVR Refining (NYSE: CVRR) climbed for the fourth day in a row.


Anavex Life Sciences (Nasdaq: AVXL) reported positive 57-week data from a Phase 2a study of ANAVEX 2-73 in mild to moderate Alzheimer's patients.


On the downside


Comtech Telecommunications (Nasdaq: CMTL) fell to a loss for the first quarter.


Shares of Las Vegas Sands (NYSE: LVS) and Melco Crown Entertainment (Nasdaq: MPEL) dropped after reports that China will cut in half the amount that China UnionPay customer can withdraw from ATMs in Macau.


Radius Health (Nasdaq: RDUS) presented data from two ongoing Phase 1 studies of RAD1901.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index rose 4 points to 2,246. Bitcoin held steady at $765.


The markets climbed during the midday Dow soaring 94 points to 19,643. Nasdaq gained 30 points to 5,424.


McDonald's will create a new international holding company in the United Kingdom to avoid the possibility of paying back taxes of $500 million to Luxembourg. The fast food giant currently houses its international tax base in Luxembourg and has come under scrutiny from the EU for a sweetheart tax deal. The move will create more than 5,000 jobs in the U.K.


T-Mobile introduced its new Digits feature that will allow customers to call or text from any device with an Internet connection using their phone number. Digits is available now in a free beta version as an app for iOS and Android devices. Customers using laptops and desktops can access the new feature online. T-Mobile plans to make Digits available on Internet connected wearables as well.


The Organization of Petroleum Exporting Countries agreed last month to cut production in order to boost prices. OPEC is now reaching out to non-OPEC members to join the production cuts but only five countries out of fourteen have agreed to meet with OPEC. OPEC affirmed that it will cut production by 1.2 million barrels per day even if non-OPEC members refuse to lower their production numbers.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index gained 7 points to 2,248. Bitcoin added $2 to $765.


The markets opened mixed with the Dow slipping 5 points to 19,543 while Nasdaq edged up a fraction to 5,394 after the European Central Bank slashed its asset purchases.


On the upside


Majestic Entertainment (Nasdaq: COOL) will merge with PolarityTE.


Lululemon Athletica (Nasdaq: LULU) reported sharply higher third quarter earnings that topped analyst estimates.


Tailored Brands (NYSE: TLRD) reversed year ago losses to post a profit for the third quarter.


On the downside


Seanergy Maritime Holdings (Nasdaq: SHIP) priced its public offering of 10 million common shares at the discounted price of $1.50 per share.


Horizon Pharma (Nasdaq: HZNP) reported disappointing results from a Phase 3 study of ACTIMMUNE to treat Friedreich's ataxia.


Cobalt International Energy (NYSE: CIE) completed its debt exchange and financing transaction.


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 index eased a point to 2,239. Bitcoin held steady at $763.


The markets surged to close sharply higher with the Dow leaping 297 points to 19,549 as investors welcomed news that SoftBank would invest $50 billion in the U.S. Nasdaq surged 60 points to 5,393.


On the upside


Shares of Intrepid Potash (NYSE: IPI) climbed for the third day in a row.


SunPower  (Nasdaq: SPWR) will eliminate approximately 2,500 jobs and close its 700-megawatt nameplate facility capacity Fab 2 facility.


Amazon's new cashier-free grocery store Amazon Go sparked speculation that Amazon may partner with real-time inventory tracking technology Impinj (Nasdaq: PI).


On the downside


Moody's Investors Service said that Universal Health Services' (NYSE: UHS) acquisition of the adult services division of Cambian Group is a modest credit negative.


Vera Bradley (Nasdaq: VRA) reported lower third quarter earnings that fell short of analyst expectations and forecast current quarter results below estimates.


bluebird bio (Nasdaq: BLUE) priced its public offering of approximately 3.29 million common shares at the discounted price of $76.00 per share.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index soared 29 points to 2,241. Bitcoin added $6 to $763.


Sprint partners with Pokemon Go

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The markets traded higher during the midday with the Dow climbing 89 points to 19,341. Nasdaq rose 5 points to 5,338.


Sprint partnered with Pokemon Go to create a unique gaming experience at the wireless carrier's retail locations across the nation. Specific details are still under wraps but there will be Pokestops to collect items and gyms to battle rival teams at over 10,500 stores. Players will also be able to recharge their devices.


The drugmaker that increased the price of its lifesaving EpiPen from approximately $60 to over $600 will restructure the company and eliminate approximately 10% of its employees. Details of the plan are still being finalized. Mylan agreed last month to a $465 million fine to settle charges that the company underpaid government healthcare programs such as Medicaid.


The Competitions and Markets Authority the United Kingdom fined Pfizer $106 million for raising the cost of an anti-epilepsy drug 2,600%. Approximately 48,000 patients in the U.K. need the medication to prevent and control seizures. Doctors do not recommend that epilepsy patients switch medications so those who were already taking phenytoin sodium capsules had to pay the increased prices.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index gained 6 points to 2,218. Bitcoin added $3 to $760.


Mixed open as crude oil prices ease

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Crude oil prices eased over concerns that the recent OPEC production cut will have little impact on the global glut of oil. The markets opened mixed with the Dow rising 17 points to 19,269 while Nasdaq lost 7 points to 5,325.


On the upside


Anthera (Nasdaq: ANTH) reported positive trends from a Week 48 analysis of a Phase 2 BRIGHT-SC proof of concept study.


Dave & Buster's Entertainment (Nasdaq: PLAY) reported sharply higher third quarter earnings that more than doubled to beat analyst expectations as revenue climbed and lifted its full year forecast.


EMCORE (Nasdaq: EMKR) reported higher fourth quarter earnings and revenue.


On the downside


Sigma Designs (Nasdaq: SIGM) disappointed with sharply lower third quarter earnings.


Seaport Global Securities cut their full year earnings forecast for Flotek Industries (NYSE: FTK).


Pioneer Energy Services (NYSE: PES) priced its public offering of 10.5 million common shares at the discounted price of $5.75.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 2,213. Bitcoin added $2 to $759.


Gain in productivity lifts markets

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An increase in third quarter productivity lifted the markets to a higher close with the Dow gaining 35 points to 19,251. Nasdaq climbed 24 points to 5,333.


On the upside


Enphase Energy (Nasdaq: ENPH) sold its Residential Operations & Maintenance Field Services Division of Next Phase Solar to SunSystem Technology.


Novavax (Nasdaq: NVAX) will participate in the 4th Annual Guggenheim Boston Healthcare Conference on Tuesday, December 13.


Republic First Bancorp (Nasdaq: FRBK) completed its $100 million stock offering and named Vernon W. Hill to the position of director and chair of the board.


On the downside


Chipotle Mexican Grill (NYSE: CMG) warned that it may miss its full year forecast.


Rent-A-Center (Nasdaq: RCII) chief financial officer Guy J. Constant resigned.


Barnes & Noble Education (NYSE: BNED) reported lower second quarter earnings.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 index gained 7 points to 2,212. Bitcoin added $2 to $754.


Supreme court sides with Samsung

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The markets advanced during the midday with the Dow rising 19 points to 19,235. Nasdaq gained 21 points to 5,330.


The Supreme Court ruled in favor of Samsung by invalidating an appeals court ruling that ordered Samsung to pay Apple $399 million for patent infringement. The justices said that the patent violator does not have to pay the patent holder, Apple in this case, the entire amount of the profits that were made from the sale of stolen designs. The payment should only cover the patented components rather than the entire product. 


Amazon has been sued by several companies that use the "As Seen on TV" marketing slogan. Snuggle blanket maker Allstar Marketing, Copper Fit compression sleeve maker Ideavillage Products and Magic Tracks toy racetracks maker Ontel Products have accused Amazon of copyright infringement for selling counterfeit products on its website. The plaintiffs are seeking million of dollars in lost profits and punitive damages.


The European Commission has approved Microsoft's proposed $26 billion acquisition of LinkedIn. Concerns about competition had been raised but Microsoft agreed to allow rival social and professional networks access to Microsoft Office. The acquisition has already been approved in the United States, Brazil, Canada and South Africa.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 index rose 5 points to 2,210. Bitcoin gained $4 to $756.


Mixed open as crude oil falls

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The markets opened mixed with the Dow losing 24 points to 19,191 as crude oil prices slipped. Nasdaq edged up a fraction to 5,309.


On the upside


Neovasc (Nasdaq: NVCN) reported an 86% successful implantation rate for its Tiara transcatheter mitral valve.


Heat Biologics (Nasdaq: HTBX) reported positive data from an ongoing Phase 1 study of its non-small cell lung cancer treatment HS-110.


Francesca's Holdings (Nasdaq: FRAN) reported higher third quarter earnings and revenue.


On the downside


Investors locked in profits on Vanguard Natural Resources (Nasdaq: VNR).


Synchronoss Technologies (Nasdaq: SNCR) will pay a premium of approximately $821 million to acquire Intralinks Holdings (NYSE: IL).


Safe Bulkers (NYSE: SB) priced its public offering of 13.6 million common shares at the discounted price of $1.10 per share.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 index slipped 2 points to 2,202. Bitcoin rose $3 to $756.


The nation's services sector activity climbed in November to lift the markets to a higher close with the Dow gaining 45 points to 19,260. Nasdaq soared 53 points 5,308.


On the upside


Rising crude oil prices lifted shares of Bonanza Creek Energy (NYSE: BCEI) higher.


Shares of offshore service vessels provider Tidewater (NYSE: TDW) extended its gains.


Hornbeck Offshore Services (NYSE: HOS) stock climbed for the fourth day in a row.


On the downside


Hudson Technologies (Nasdaq: HDSN) announced a public offering of $49 million in common stock.


Shares of Euroseas (Nasdaq: ESEA) extended its losses.


Heat Biologics (Nasdaq: HTBX) stock fell again.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 index climbed 12 to 2,204. Bitcoin fell $9 to $751.


United mechanics approve new contract

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The markets retreated from early morning highs during the midday with the Dow rising 25 points to 19,195. Nasdaq climbed 46 points 5,301.


The mechanics union for United Continental Holdings has approved a new six year joint collective bargaining agreement after more than three years of negotiating. The labor agreement includes pay raises as well as guarantees that compensation would be readjusted if a competitor's mechanics received higher wages and benefits.


Amazon opened its Amazon Go brick-and-mortar grocery store in Seattle, Washington. The next generation store has no checkout counters and uses sensors to detect items that have been removed from shelves. Customers will be charged for their purchases through their Amazon account. The store is now open only to Amazon employees and is scheduled to be opened to the public in 2017.


Tyson Foods will invest $150 million in a new venture fund to develop innovative new food products and food production methods. Tyson New Ventures will focus on alternative proteins and creative approaches to eliminating food waste. The fund has already announced plans to acquire a 5% stake in plant based meat substitute start up Beyond Meat.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index climbed 10 to 2,202. Bitcoin fell $9 to $751.


Higher open as crude oil rises

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Rising crude oil prices lifted the markets to a sharply higher open with the Dow climbing 90 points to 19,260. Nasdaq soared 55 points 5,311.


On the upside


Ocean Power Technologies (Nasdaq: OPTT) entered a joint marketing agreement with Sonalysts.


New Oriental Education & Technology Group (NYSE: EDU) responded to allegations of academic fraud.


Eyegate Pharmaceuticals (Nasdaq: EYEG) reported promising data from the third stage of a Phase 1b/2a trial of iontophoretic EGP-437 to treat ocular inflammation and pain in post-surgical cataract patients.


On the downside


Shares of Gold Fields (NYSE: GFI), Harmony Gold (NYSE: HMY) and Kinross Gold (NYSE: KGC) all fell as gold prices dropped.


Agios Pharmaceuticals (Nasdaq: AGIO) reported new data on AG-348 and AG-519.


Cerecor (Nasdaq: CERC) reported disappointing results from Phase 2 clinical trial of CERC-501.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 1 on Nasdaq. The broader S&P 500 index climbed 14 to 2,206. Bitcoin fell $9 to $751.


Mixed close on rate concerns

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The markets closed mixed with the Dow losing 21 points to 19,170 as upbeat jobs data raised concerns about an increase in interest rates. Nasdaq added 4 points 5,255.


On the upside


Ascena Retail Group (Nasdaq: ASNA) swung to a profit for the first quarter.


Envision Healthcare Holdings (NYSE: EVHC) completed its merger with AMSURG.


Five Below (Nasdaq: FIVE) reported higher third quarter earnings that beat analyst expectations.


On the downside


The American International Recruitment Council will investigate New Oriental Education & Technology Group (NYSE: EDU) for allegations of academic fraud.


Third quarter earnings slipped for Ambarella (Nasdaq: AMBA) and the chip maker forecast lower fourth quarter results.


Hoegh LNG Partners (NYSE: HMLP) priced its upsized public offering of 6 million common units at the discounted price of $17.60 per unit.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index held steady at 2,191. Bitcoin leaped $19 to $766.


The nation's unemployment rate fell to 4.6% in November, the lowest level in more than nine years, raising concerns that the Federal Reserve will raise interest rates this month. The markets opened mixed with the Dow slipping 15 points to 19,176. Nasdaq added 4 points 5,255.


On the upside


Nova Lifestyle (Nasdaq: NVFY) partnered with Future World LifeStyle to offer Nova LifeStyle's Diamond Sofa Smart Furniture on Future World LifeStyle's website.


Merrill Lynch upgraded J.C. Penney (NYSE: JCP) from a Neutral rating to a Buy rating.


Bargain hunters snapped up shares of Heat Biologics (Nasdaq: HTBX).


On the downside


Workday (NYSE: WDAY) widened losses for the third quarter.


Smith & Wesson (Nasdaq: SWHC) reported higher third quarter earnings and revenue but the company forecast current quarter earnings below estimates.


Fairmount Santrol Holdings (NYSE: FMSA) priced its upsized secondary public offering of 20 million common shares at the discounted price of $8.75 per share.


In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE while decliners edged out advancers by more than 5 to 4 on Nasdaq. The broader S&P 500 index added 2 points to 2,194. Bitcoin leaped $21 to $768.


Mixed close on economic concerns

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The markets closed mixed with the Dow climbing 68 points to 19,191 while Nasdaq plummeted 72 points 5,251 over concerns about the economy under president elect Donald Trump.


On the upside


Tilly's (NYSE: TLYS) reported sharply higher third quarter earnings that topped analyst estimates as revenue rose.


Shares of Stone Energy (NYSE: SGY) and W&T Offshore (NYSE: WTI) extended its gains.


Skechers U.S.A. (NYSE: SKX) chief executive Robert Greenberg bought 500,000 shares of company stock.


On the downside


Aradigm (Nasdaq: ARDM) reported mixed results from two Phase studies of Pulmaquin to treat non-cystic fibrosis bronchiectasis with chronic lung infections with Pseudomonas aeruginosa.


Nutanix (Nasdaq: NTNX) reported a loss for its first quarter as a publicly traded company.


Bazaarvoice (Nasdaq: BV) reported a loss for the second quarter.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index fell 7 points to 2,191. Bitcoin climbed $8 to $755.


The markets opened mixed with the Dow gaining 59 points to 19,183 as investors anticipate a rate hike this month. Nasdaq fell 13 points 5,310


On the upside


A company controlled by DryShips (Nasdaq: DRYS) chair and chief executive George Economou provided the company an $85.1 million Syndicated Loan.


SeaDrill (NYSE: SDRL) stock rose on OPEC's oil production cut agreement.


bluebird bio (Nasdaq: BLUE) reported positive interim data from an ongoing Phase 1 clinical study of bb2121 to treat relapsed/refractory multiple myeloma.


On the downside


Heat Biologics (Nasdaq: HTBX) reported disappointing results from a Phase 2 trial of its bladder cancer treatment HS-410.


Express (NYSE: EXPR) reported sharply lower third quarter earnings and revenue, forecast current quarter earnings below estimates and slashed its full year earnings outlook.


Guess (NYSE: GES) disappointed with lower third quarter earnings that missed expectations.


In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by more than 10 to 9 on Nasdaq. The broader S&P 500 edged up a fraction to 2,199. Bitcoin climbed $6 to $746.


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