January 2017 Archives

Uncertainty about President Donald Trump's economic policies sent the markets tumbling to a sharply lower close with the Dow plunging 107 points to 19,864. Nasdaq added a point to 5,614.


On the upside


Bargain hunters lifted shares of Diana Containerships (Nasdaq: DCIX).


The invalidation of Teva Pharmaceutical's (NYSE: TEVA) patent infringement suit lifted shares of generic drug maker Momenta Pharmaceuticals (Nasdaq: MNTA).


Northland Securities affirmed its Outperform rating on Cynosure (Nasdaq: CYNO).


On the downside


Tenax Therapeutics (Nasdaq: TENX) reported disappointing results from a Phase 3 LEVO-CTS trial.


Dimension Therapeutics (Nasdaq: DMTX) reported that five out of six patients in a Phase 1/2 study of DTX101 to treat adults with moderate/severe to severe hemophilia B experienced elevations in alanine aminotransferase. 


Roadrunner Transportation Systems (NYSE: RRTS) must restate annual and quarterly financial reports for 2014, 2015 and 2016 due to accounting discrepancies.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,278. Bitcoin soared $29 to $945.


Deutsche Bank fined $629 billion

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The markets traded lower during the midday with the Dow plunging 133 points to 19,837. Nasdaq fell 11 points to 5,602.


U.S. regulators fined Deutsche Bank $425 million while British regulators fined the bank $204 million for a Russian stock trading scheme. The regulators said that bank policies should have been in place to detect, investigate and prevent the questionable trades. The $10 billion in mirror trades that occurred between 2011 and 2015 could have been used to launder money. 


Walmart will now offer free two-day shipping on purchases of $35 or more. Previously, free two-day delivery was available to customers who joined the retailer's Shipping Pass program for $49 per year. The change is expected to expand the retailer's online sales. Customers who already paid the Shipping Pass fee will receive a refund.


President Donald Trump met with the chief executives of major pharmaceuticals to discuss drug prices and regulations. The president said that prices were astronomically high and must be lowered. He also promised to ease regulations so that new medicines can be approved more quickly.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 index lost 6 points to 2,274. Bitcoin soared $30 to $947.


The markets tumbled to a sharply lower open with the Dow plunging 131 points to 19,839 as corporate earnings disappoint. Nasdaq dropped 31 points to 5,582.


On the upside


DryShips (Nasdaq: DRYS) completed its $200 million common stock offering.


Aeterna Zentaris (Nasdaq: AEZS) completed the clinical phase of its Phase 3 clinical study of Zoptrex.


Rising gold prices lifted shares of AngloGold Ashanti (NYSE: AU).


On the downside


Fourth quarter earnings and revenue for Under Armour (NYSE: UAA) fell short of expectations and the athletic apparel maker forecast 2017 revenue below estimates.


SeaDrill (NYSE: SDRL) extended its talks to restructure its debt and needs to raise $1 billion in new capital. 


A district court rejected all four of Teva Pharmaceutical's (NYSE: TEVA) patent infringement claims.


In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 index fell 9 points to 2,270. Bitcoin soared $30 to $946.


Markets plunge as uncertainty reigns

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Uncertainty in the aftermath of President Trump's hasty executive order that bars immigrants from seven countries from entering the United States sent the markets tumbling to a sharply lower close with the Dow plummeting 122 points to 19,971. Nasdaq dropped 47 points to 5,613.


On the upside


Calithera Biosciences (Nasdaq: CALA) entered a global collaboration agreement with Incite (Nasdaq: INCY) to develop and commercialize Calithera's small molecule arginase inhibitor CB-1158.


Real Goods Solar (Nasdaq: RGSE) regained compliance with Nasdaq's minimum $2.5 million shareholders' equity requirement.


Dorian (NYSE: LPG) reported lower third quarter earnings and revenue but the stock price rose.


On the downside


Walgreens Boots Alliance (Nasdaq: WBA) has delayed the close of its acquisition of Rite Aid (NYSE: RAD) by six months and has lowered its acquisition offer.


Ocera Therapeutics (Nasdaq: OCRX) reported disappointing results from a STOP-HE Phase 2b study of OCR-002. 


The Food and Drug Administration extended the clinical hold on Regulus Therapeutics' (Nasdaq: RGLS) RG-101.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 index dropped 13 points to 2,280. Bitcoin gained $6 to $916.


The markets extended its losses during the midday with the Dow plunging 182 points to 19,911. Nasdaq plummeted 64 points to 5,596.


Despite an emissions scandal that will cost the company $22 billion in fines, Volkswagen sold more cars in 2016 than any other automaker. Second place Toyota Motors was previously the top selling automaker for the past four years. Volkswagen sold 10.31 million cars while Toyota sold 10.18 million vehicles.


Snapchat parent company Snap will list with the New York Stock Exchange when it goes public in March. Tech heavy Nasdaq courted Snap but the photo sharing site opted for The Big Board. Apple, Facebook and Google all list on Nasdaq. Snap is expected to publicly file for an initial public offering this week.


Starbucks introduced its MyStarbucks Barista voice-activated chatbot for iOS today. The new feature allows customers to place orders by speaking into the app. A select group of 1,000 customers are testing the app before it is released nationwide this summer.


The broader S&P 500 index plunged 22 points to 2,272. Bitcoin gained $7 to $917.


President Donald Trump's executive order banning travelers from seven countries from entering the United States sparked confusion and protests over the weekend. The markets opened sharply lower with the Dow plummeting 169 points to 19,924. Nasdaq plunged 77 points to 5,583.


On the upside


Affiliated Managers Group (NYSE: AMG) reported better than expected earnings for the fourth quarter.


Goldman Sachs upgraded NetApp (Nasdaq: NTAP) from a Neutral rating to a Buy rating and a $43 price target.


RobecoSAM's 2017 Sustainability Yearbook named Newmont Mining (NYSE: NEM) as the most improved company in the mining sector for sustainability performance.


On the downside


Investors locked in profits on Pulmatrix (Nasdaq: PULM).


Fitbit (NYSE: FIT) slashed its fourth quarter revenue outlook and announced plans to cut 110 jobs. 


Varian Medical Systems (NYSE: VAR) successfully completed the separation of its Imaging Components Business as Varex Imaging (Nasdaq: VREX).


The broader S&P 500 index plunged 22 points to 2,271. Bitcoin gained $6 to $916.


Flat close on disappointing GDP

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It was a flat close for the markets with the Dow slipping 7 points to 20,093 as the nation's economy expanded more slowly in the fourth quarter than expected. Nasdaq added 5 points to 5,660.


On the upside


Shares of Pulmatrix (Nasdaq: PULM) surged for the fourth day in a row.


Stonegate Mortgage (NYSE: SGM) will be acquired by Home Point Financial in an all-cash transaction valued at approximately $211 million.


Lantronix (Nasdaq: LTRX) swung to a profit for the second quarter as revenue climbed.


On the downside


Novan (Nasdaq: NOVN) reported conflicting results from two Phase 3 clinical trials of SB204 to treat acne vulgaris.


DryShips (Nasdaq: DRYS) stock continued its extended decline. 


Investors locked in profits on SandRidge Permian Trust (NYSE: PER).


In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index slipped a point to 2,294. Bitcoin gained $4 to $913.


Porche to recall 16,429 vehicles

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The markets traded lower during the midday with the Dow losing 20 points to 20,080. Nasdaq slipped a point to 5,654.


Porsche will recall 16,429 vehicles to fix a problem with fastening screws. All 911, Boxster and Cayman models that were built between October 2015 and September 2016 are affected. The recalled vehicles have been sold around the world.


Former Volkswagen chief executive Martin Winterkorn is being investigated by German prosecutors for fraud. The allegations stem from the diesel emissions scandal that is now costing the automaker $4.3 billion in fines. Winterkorn is accused of knowing about the emissions evading software in vehicles much earlier than he claimed.


Tesla Motors has sued its former director of Autopilot, Sterling Anderson, of stealing proprietary data. Anderson launched his own self-driving car startup Aurora Innovation with the former leader of Google's autonomous car unit Chris Urmson. Anderson and Urmson are also accused of trying to recruit engineers from Tesla and Google.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index lost 3 points to 2,293. Bitcoin gained $5 to $914.


The markets opened lower with the Dow slipping 5 points to 20,095 as the nation's gross domestic product rose less than expected. Nasdaq lost 7 points to 5,647.


On the upside


Wynn Resorts (Nasdaq: WYNN) reported higher fourth quarter earnings and revenue.


Maxim Integrated Products (Nasdaq: MXIM) reported sharply higher second quarter earnings that nearly doubled to top analyst expectations.


Aurinia Pharmaceuticals (Nasdaq: AUPH) selected Worldwide Clinical Trials as its Clinical Research Organization for the AURORA Phase 3 study of volcosporin to treat active lupus nephritis.


On the downside


Athersys (Nasdaq: ATHX) priced its public offering of 19.802 million shares of common stock at the discounted price of $1.01 per share.


The KeyW Holding (Nasdaq: KEYW) priced its public offering of 8.5 million common shares at the discounted price of $10.50 per share. 


Enbridge Energy Partners (NYSE: EEP) expects earnings to fall in 2017.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index lost 3 points to 2,293. Bitcoin gained $3 to $912.


Flat close as home sales fall

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The markets closed flat with the Dow rising 32 points to 20,100 as new home sales fell in December while jobless claims rose last week. Nasdaq slipped a point to 5,655.


On the upside


Insider Financial said that Pulmatrix (Nasdaq: PULM) was undervalued and should climb this year.


Gulfmark Offshore (NYSE: GLF) entered two new long term contracts.


United Rentals (NYSE: URI) reported better than expected earnings for the fourth quarter and announced that the company will pay approximately $965 million in cash to acquire NES Rentals Holdings. 


On the downside


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


Cimpress (Nasdaq: CMPR) reported lower second quarter earnings that fell short of expectations and announced a reorganization plan. 


Entellus Medical (Nasdaq: ENTL) priced its public offering of 3.53 million common shares at the discounted price of $17.00 per share.


In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index eased a point to 2,296. Bitcoin climbed $20 to $909.


Ford to give bonuses to employees

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The markets traded modestly higher during the midday with the Dow rising 25 points to 20,094. Nasdaq held steady at 5,656.


Because Ford recorded near record profit in 2016, Ford workers are eligible for bonuses of up to $9,000. The United Auto Workers union negotiated a profit sharing plan that provides $1 to employees for every $1 million of profit in North America. Ford recorded a North American pretax profit of $9 billion last year.


Johnson & Johnson will pay a premium of approximately $30 billion in cash to acquire Actelion. Johnson & Johnson was attracted to the Swiss biotech's portfolio of high priced treatments for rare diseases. Actelion will spin-off its research and development unit as part of the deal.


Barclays will move its European Union headquarters from London to Dublin, Ireland. The move was triggered by British Prime Minister Theresa May's decision for a hard Brexit. The bank plans to hire approximately 150 employees for its new offices. Barclays currently has approximately 100 staff members in a small office in Dublin.


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,296. Bitcoin climbed $20 to $909.


Upbeat earnings lift markets

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Upbeat earnings lifted the markets to a higher open with the Dow gaining 50 points to 20,119. Nasdaq added 6 points to 5,662.


On the upside


Avinger (Nasdaq: AVGR) reported positive two-year clinical data from a VISION study of Lumivascular technology to treat peripheral artery disease.


Fuwei Films (Nasdaq: FFHL) signed an annual sales contract with Eternal Electronic Material for polyester film for PCB.


Carbo Ceramics (NYSE: CRR) narrowed losses for the fourth quarter. 


On the downside


Mattel (Nasdaq: MAT) disappointed with lower fourth quarter earnings and revenue that fell short of expectations.


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


Fourth quarter earnings for T. Rowe Price (Nasdaq: TROW) missed expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 2,299. Bitcoin gained $17 to $906.


The Dow closed above 20,000 for the first time with the the blue chip index surging 155 points to 20,068. Nasdaq soared 55 points to 5,656.


On the upside


Halcon Resources (NYSE: HK) will acquire 20,748 acres in the Southern Delaware Basin for $705 million and will sell its East Texas Eagle Ford assets for $500 million.


Bob Evans Farms (Nasdaq: BOBE) will sell its Bob Evans Restaurants business to an affiliate of Golden Gate Capital for $565 million and will pay $115 million to acquire Pineland Farms Potato.


Logitech International (Nasdaq: LOGI) reported higher third quarter earnings and revenue that beat expectations and lifted its full year forecast. 


On the downside


LINE (NYSE: LN) disappointed with quarterly earnings and revenue that fell short of expectations.


Commvault Systems (Nasdaq: CVLT) fell to a loss for the third quarter. 


Horizon Global (NYSE: HZN) will sell 3.5 million shares of common stock and $100 million in convertible senior notes.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index climbed 18 points to 2,298. Bitcoin added $1 to $891.


Cisco to buy AppDynamics

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The markets traded higher during the midday with the Dow soaring 137 points to 20,050. Nasdaq climbed 41 points to 5,642.


Instead of a long awaited initial public offering, AppDynamics agreed to be acquired by Cisco Systems. Cisco offered $3.7 billion for the maker of application performance monitoring software. AppDynamics had been valued at approximately $1.9 billion during its last financing round over a year ago.


The European Commission will allow Abbott Laboratories to acquire Alere provided that Abbott divest some of Alere's operations. Alere's Epoc, Triage and BNP reagents businesses must be sold before the $5.8 billion acquisition can proceed. However, Abbott filed to terminate the proposed deal last month.


Tesla and SpaceX chief executive Elon Musk tweeted that he would begin digging tunnels in about a month. Musk had tweeted his frustration with traffic congestion in December and has previously discussed underground tunnels as a way of alleviating congestion in cities. While tunneling is very expensive, Musk is expected to discover a low-cost method of achieving his goal.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index climbed 13 points to 2,293. Bitcoin added $1 to $891.


Dow tops 20,000 for first time

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The markets opened sharply higher with the Dow soaring 138 points to 20,051 topping the 20,000 mark for the very first time on investor enthusiasm. Nasdaq climbed 38 points to 5,639.


On the upside


Arctic Cat (Nasdaq: ACAT) will be acquired by Textron (NYSE: TXT) in an all cash transaction valued at approximately $247 million including the assumption of debt.


Seagate Technology (Nasdaq: STX) reported sharply higher second quarter earnings that beat analyst expectations.


Clean Diesel Technologies (Nasdaq: CDTI) partnered with DENSO Products and Services Americas to supply CDTi's enabling technologies to the North American heavy-duty market. 


On the downside


Meridian Biosciences (Nasdaq: VIVO) disappointed with lower first quarter earnings and revenue that fell short of expectations and cut its full year forecast.


Fourth quarter earnings for New York Community Bancorp (NYSE: NYCB) missed expectations. 


AK Steel (NYSE: AKS) reported a loss for the fourth quarter prompting a downgrade.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index climbed 13 points to 2,293. Bitcoin slipped $2 to $887.


Median weekly earnings rose 2.9% in the fourth quarter to lift the markets to a higher close with the Dow soaring 112 points to 19,912. Nasdaq climbed 48 points to 5,600.


On the upside


GenVec (Nasdaq: GNVC) will be acquired by Intrexon (Nasdaq: XON) in an all stock transaction.


Amtech Systems (Nasdaq: ASYS) announced that it has recorded $84 million in bookings for fiscal 2017 through January 20, 2017.


Zack's upgraded Marathon Patent Group (Nasdaq: MARA) from a Sell rating to a Hold rating. 


On the downside


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


Oppenheimer downgraded Energous (Nasdaq: WATT) from an Outperform rating to a Market Perform rating. 


Shares of Globus Maritime (Nasdaq: GLBS) fell for the fourth day.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index climbed 14 points to 2,280. Bitcoin added $1 to $891.


Target to launch mobile payment

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The markets extended its gains during the midday with the Dow soaring 131 points to 19,931. Nasdaq climbed 44 points to 5,597.


Target is preparing the launch its mobile payment service later this year. The payment feature will be introduced to Target REDcard customers first. The payment service may be added to the existing Target app, the Cartwheel coupon app or as in independent app. The retailer has been developing a mobile payment service for over a year.


The Securities and Exchange Commission has fined Citigroup and Morgan Stanley more than $2.96 million each to settle charges over their foreign exchange trading programs. The SEC alleged that brokers from the firms did not adequately inform clients the risks associated with foreign exchange trading. The payments will settle the allegations without admission of guilt.


To spur sales of its famous Big Mac, McDonald's is giving away bottles of Big Mac Special Sauce. The sauce will be available at participating locations nationwide on Thursday. The fast food giant said that the sauce is unique and includes a classic combination of ingredients.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 index climbed 15 points to 2,281. Bitcoin lost $7 to $907.


Higher open on earnings

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The markets opened higher with the Dow gaining 34 points to 19,833 as crude oil prices edged up. Nasdaq rose 14 points to 5,567.


On the upside


Cellectar Biosciences (Nasdaq: CLRB) received a patent for methods of use for the company's CLR 131 and CLR 125.


Multi Packaging Solutions International (NYSE: MPSX) will be acquired by WestRock (NYSE: WRK) for a premium of approximately $2.28 billion including the assumption of debt.


Allegheny Technologies (NYSE: ATI) reported a better than expected earnings for the fourth quarter. 


On the downside


BT Group (NYSE: BT) cited accounting errors in its Italian business for cutting its forecast for 2017 and 2018.


Fortuna Silver Mines (NYSE: FSM) announced a $65 million bought deal financing. 


Ocular Therapeutix (Nasdaq: OCUL) priced its public offering of approximately 3.57 million common shares at the discounted price of $7.00 per share.


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 5 on Nasdaq. The broader S&P 500 index added 4 points to 2,270. Bitcoin dropped $12 to $901.


The nation's withdrawal from the TPP weighed the markets down to a lower close with the Dow losing 27 points to 19,799. Nasdaq slipped 2 points to 5,552.


On the upside


Helios and Matheson Analytics (Nasdaq: HMNY) named chair Theodore Farnsworth to the position of chief executive.


NQ Mobile (NYSE: NQ) entered a letter of intent to sell its equity interests in FL Mobile Jiutian Technology.


Globus Maritime (Nasdaq: GLBS) extended its gains. 


On the downside


DryShips (Nasdaq: DRYS) completed its 1-for-8 reverse stock split.


Aptos Biosciences (Nasdaq: APTO) will temporarily delay clinical activities with APTO-253 to prioritize development of CG'806. 


Shares of Rite Aid (NYSE: RAD) fell again.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 index fell 6 points to 2,265. Bitcoin eased a fraction to $914.


Foxconn may build plant in U.S.

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The markets traded lower during the midday with the Dow losing 24 points to 19,802. Nasdaq slipped a point to 5,553.


Foxconn is exploring the possibility of investing $7 billion to build a manufacturing plant in the United States. The Taiwanese electronics manufacturer said that the deal is dependent upon subsidies for land and electricity. Foxconn is best known as the assembler of Apple (Nasdaq: AAPL) iPhones.


Samsung announced that the overheating batteries in the Galaxy Note 7 that sparked a global recall were caused by batteries made by two different suppliers. More than 700 research and development engineers tested over 200,000 Note 7 devices and over 30,000 standalone batteries. A design flaw of one battery failed to allow sufficient space in the battery's pouch. A manufacturing defect of the second battery caused positive tabs and negative electrodes to improperly connect.


Sierra Nevada Brewing has recalled eight types of beer that were bottled at its North Carolina facility between December 5, 2016 and January 8, 2017. The recalled beer was sold in 36 states in the Midwest, South and East Coast. A small glass shard could break from the bottle and fall into the beer.


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 index lost 6 points to 2,265. Bitcoin added $2 to $916.


The markets opened lower with the Dow falling 49 points to 19,777 as President Donald Trump withdraws from the Trans-Pacific Partnership. Nasdaq lost 10 points to 5,544.


On the upside


Marinus Pharmaceuticals (Nasdaq: MRNS) reported positive preliminary results from an ongoing Phase 2 open-label study of ganaxolone to treat the severe, rare genetic disorder CDKL5.


The Food and Drug Administration granted 510(k) clearance for commercial distribution to Biolase's (Nasdaq: BIOL) Epic Pro laser system.


Cynosure (Nasdaq: CYNO) is exploring strategic options including a possible sale of the company. 


On the downside


Apple (Nasdaq: AAPL) filed a $1 billion lawsuit against Qualcomm (Nasdaq: QCOM) for using anticompetitive practices.


An independent investigation by a Special Committee determined that Banc of California (NYSE: BANC) made inaccurate statements in a press release dated October 18, 2016. 


Nordic American Tankers (NYSE: NAT) declared a quarterly dividend of 20 cents per share payable on February 24, 2017 to shareholders of record February 10, 2017.


In the broad market, advancing issues outpaced decliners 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 index lost 3 points to 2,268. Bitcoin added $5 to $920.


Higher close on inauguration day

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The markets closed higher with the Dow climbing 94 points to 19,827 after the inauguration of President Donald Trump. Nasdaq gained 15 points to 5,555.


On the upside


Cartesian (Nasdaq: CRTN) reported strong growth in demand for its network transformation services.


Infinity Pharmaceuticals (Nasdaq: INFI) presented positive preclinical data for its oral immune-oncology development candidate IPI-549.


Stone Energy's (NYSE: SGY) purchase and sale agreement with TH Exploration was approved by a bankruptcy court. 


On the downside


Bloomberg reported that the Federal Trade Commission would most likely not approve Walgreens Boots Alliance's (Nasdaq: WBA) proposed acquisition of Rite Aid (NYSE: RAD).


Citron Research said that TransDigm Group (NYSE: TDG) engaged in price gouging. 


Uranium Resources (Nasdaq: URRE) closed its public offering of nearly 1.4 million common shares.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index gained 7 points to 2,271. Bitcoin added $4 to $891.


Uber settles with FTC

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The markets traded higher during the midday with the Dow gaining 46 points to 19,778. Nasdaq rose 7 points to 5,547.


Uber reached an agreement with the Federal Trade Commission to settle allegations that the company greatly exaggerated the hourly and annual wages that a driver could earn. The inflated earnings were used to recruit drivers. Uber will pay $20 million with no admission of guilt.


Samsung will host a press conference on Monday in Seoul, South Korea to discuss the overheating battery problem that plagued the Galaxy Note 7. The battery problem triggered two global recalls and is expected to cost the company $5.3 billion. Unnamed sources say that irregularly sized batteries were the cause of the problem.


HSBC will eliminate approximately 100 senior investment banking positions in its Global Banking and Markets unit. The move is part of the bank's annual evaluation process. More layoffs are possible as the bank prepares for Brexit.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 index rose 4 points to 2,268. Bitcoin added $4 to $892.


Higher open on inauguration day

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The markets opened higher with the Dow climbing 91 points to 19,823 on inauguration day. Nasdaq gained 28 points to 5,568.


On the upside


Interspace Diagnostics (Nasdaq: IDXG) entered an agreement with Best Med Opinion for Best Med to provide physicians and patients with information regarding Interspace Diagnostics' ThyGenX, ThyraMir and PancraGen tests.


Skyworks Solutions (Nasdaq: SWKS) reported better than expected earnings for the first quarter and announced a $500 million stock repurchase plan.


Bargain hunters lifted shares of EnteroMedics (Nasdaq: ETRM). 


On the downside


Pluristem (Nasdaq: PSTI) increased its previously announced bought deal to $15 million.


Bristol-Myers (NYSE: BMY) will not pursue accelerated approval for its lung cancer treatment Opdivo. 


Afirmed (Nasdaq: AFMD) priced its public offering of 10 million shares of common stock at the discounted price of $1.80 per share.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index climbed 11 points to 2,274. Bitcoin added $3 to $891.


Lower close ahead of inauguration

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The markets closed lower with the Dow dropping 72 points to 19,732 ahead of the presidential inauguration tomorrow. Nasdaq fell 15 points to 5,540.


On the upside


Bargain hunters lifted shares of Uranium Resources (Nasdaq: URRE).


Heron Therapeutics (Nasdaq: HRTX) will raise approximately $150 million through a public offering of common stock.


Teladoc (NYSE: TDOC) priced its public offering of 6.65 million common shares at $16.75 per share. 


On the downside


Raymond James downgraded Aaron's (NYSE: AAN) from a Strong Buy rating to a Market Perform rating.


Zynerba Pharmaceuticals (Nasdaq: ZYNE) priced its public offering of 2.8 million common shares at the discounted price of $18.00 per share. 


Investors locked in profits on Apricus Biosciences (Nasdaq: APRI).


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index lost 8 points to 2,263. Bitcoin climbed $29 to $898.


Lower close ahead of inauguration

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The markets closed lower with the Dow dropping 72 points to 19,732 ahead of the presidential inauguration tomorrow. Nasdaq fell 15 points to 5,540.


On the upside


Bargain hunters lifted shares of Uranium Resources (Nasdaq: URRE).


Heron Therapeutics (Nasdaq: HRTX) will raise approximately $150 million through a public offering of common stock.


Teladoc (NYSE: TDOC) priced its public offering of 6.65 million common shares at $16.75 per share. 


On the downside


Raymond James downgraded Aaron's (NYSE: AAN) from a Strong Buy rating to a Market Perform rating.


Zynerba Pharmaceuticals (Nasdaq: ZYNE) priced its public offering of 2.8 million common shares at the discounted price of $18.00 per share. 


Investors locked in profits on Apricus Biosciences (Nasdaq: APRI).


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index lost 8 points to 2,263. Bitcoin climbed $29 to $898.


NHTSA concludes Tesla investigation

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The markets traded lower during the midday with the Dow falling 37 points to 19,767. Nasdaq lost 5 points to 5,550


The U.S. National Highway Traffic Safety Administration closed its investigation into the death of a man who crashed while driving a Tesla in the semi-autonomous mode. A vehicle recall will not be initiated because no evidence of a vehicle defect was found. Tesla has updated its Autopilot mode with additional safety measures in the wake of concerns.


The U.S. Equal Employment Opportunities Commission has sued Wal-Mart for firing an employee with Down syndrome. The employee had been working the same noon to 4pm schedule for 15 years. A new computerized scheduling system assigned the employee a different shift. Because of her disability, the employee had difficulty adjusting to the change.


Alibaba partnered with the International Olympic Committee to provide technical support for the next six games, create a global shopping platform to sell official Olympic merchandise and to expand the Olympic Channel. Alibaba will receive the rights to use the Olympic marks and imagery for advertising and promotional purposes. The Chinese e-commerce behemoth will also run an online Olympic digital television service in Chinese.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index lost 5 points to 2,266. Bitcoin climbed $25 to $894.


Flat open ahead of inauguration

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Housing starts soared 11.3% in December but the markets opened flat with the Dow slipping 2 points to 19,801 ahead of the inauguration of president elect Donald Trump. Nasdaq rose 15 points to 5,571.


On the upside


Rumors circulated that outgoing Canadian Pacific Railway (NYSE: CP) chief executive Hunter Harrison may be headed to CSX (Nasdaq: CSX).


Ocular (Nasdaq: OCLR) raised its second quarter revenue forecast.


Catabasis Pharmaceuticals (Nasdaq: CATB) published positive results from a Phase 1 study of its Duchenne muscular dystrophy treatment edasalonexent in the Journal of Clinical Pharmacology. 


On the downside


DryShips (Nasdaq: DRYS) announced a 1-for-8 reverse stock split.


Rent-A-Center (Nasdaq: RCII) reported a sharp 14% drop in fourth quarter same store sales at its Core U.S. stores and warned that revenue would fall short of previous guidance. 


Goldman Sachs downgraded GNC Holdings (NYSE: GNC) from a Neutral rating to a Sell rating.


In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index edged up a fraction to 2,272. Bitcoin gained $16 to $885.


It was a mixed close for the markets with the Dow losing 22 points to 19,804 as average hourly earnings edged up 0.1% in December while the consumer price index rose 0.3%. Nasdaq gained 16 points to 5,555.


On the upside


The Food and Drug Administration granted Fast Track designation to aTyr Pharma's (Nasdaq: LIFE) limb girdle muscular dystrophy treatment Resolaris.


Uni-Pixel (Nasdaq: UNXL) entered a Memorandum of Understanding with General Interface Solution to form a three year strategic manufacturing project.


Zacks Investment Research upgraded Star Bulk Carriers (Nasdaq: SBLK) from a Hold rating to a Buy rating. 


On the downside


Pearson (NYSE: PSO) warned of lower earnings for the next two years and said that it would cut its dividend.


Bonanza Creek Energy (NYSE: BCEI) received an unsolicited inquiry from Bill Barrett regarding a potential transaction between Bonanza Creek and Bill Barrett. 


Shares of EnteroMedics (Nasdaq: ETRM) plunged for the fifth day.


In the broad market, advancing issues edged out advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index added rose 4 points to 2,271. Bitcoin tumbled $31 to $867.


JPMorgan Chase pays $55 million fine

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The markets traded mixed during the midday with the Dow falling 42 points to 19,784. Nasdaq added 3 points to 5,542.


JPMorgan Chase will pay $55 million to settle allegations of racial discrimination against mortgage customers. The Justice Department has accused the bank of allowing brokers to charge minorities with the same credit profile as white borrowers higher rates. JPMorgan has denied any wrongdoing.


The Federal Trade Commission has sued Qualcomm for antitrust violations. The chipmaker is accused of using its position as the holder of industry standard chip technology to maintain a monopoly on cell phone processors. Qualcomm allegedly forced cell phone makers to pay elevated royalties and forced manufacturers to use Qualcomm's baseband processors.


An appeals court will allow the Federal Desposit Insurance Corp. to sue five banks for securities law violations. Credit Suisse, Deutsche Bank, HSBC Holdings, Royal Bank of Scotland and UBS are all accused of misrepresenting mortgage backed securities that they sold to Citizens National Bank and Strategic Capital Bank in 2007 and 2008.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on both the NYSE and on Nasdaq. The broader S&P 500 index edged up a fraction to 2,268. Bitcoin dropped $29 to $868.


Mixed open as CPI edges up

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The markets opened mixed with the Dow falling 33 points to 19,793 while Nasdaq rose 14 points to 5,553 as the consumer price index edged up 0.3% in December.


On the upside


Mexico granted market approval to Apricus Biosciences' (Nasdaq: APRI) erectile dysfunction treatment Vitaros.


CoLucid Pharmaceuticals (Nasdaq: CLCD) will be acquired by Eli Lilly (Nasdaq: LLY) for a premium of approximately $960 million in cash.


NXT-ID (Nasdaq: NXTD) reported sharply higher preliminary fourth quarter revenue. 


On the downside


Gigamon (NYSE: GIMO) warned that fourth quarter revenue would fall short of expectations.


Cameco (NYSE: CCJ) reported preliminary 2016 earnings that missed analyst estimates by a wide margin and announced job cuts. 


Investors locked in profits on Pulmatrix (Nasdaq: PULM).


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 index added a point to 2,269. Bitcoin tumbled $36 to $861.


Markets drop on hard Brexit

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The markets closed lower with the Dow falling 58 points to 19,826 in reaction to Britain's hard Brexit decision. Nasdaq dropped 35 points to 5,538.


On the upside


Biogen (Nasdaq: BIIB) will pay a cash fee of $1.25 billion to Forward Pharma (Nasdaq: FWP) as part of a license agreement and will pay royalties of up to 10-20% of net sales of Biogen products approved for the treatment of multiple sclerosis that are covered by a Forward patent.

 

Cinedigm's (Nasdaq: CIDM) Dove Channel app is now available on Apple TV.


Shares of Sanchez Energy (NYSE: SN) extended its gains. 


On the downside


Shares of EnteroMedics (Nasdaq: ETRM) fell for the fourth day.


Progress Software (Nasdaq: PRGS) widened losses for the fourth quarter. 


Profit taking weighed down shares of Globus Maritime (Nasdaq: GLBS).


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE by nearly 5 to 2  on Nasdaq. The broader S&P 500 index fell 6 points to 2,267. Bitcoin rocketed $72 to $894.


Wal-Mart to hire 10,000 people

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The markets extended its losses during the midday with the Dow dropping 89 points to 19,796. Nasdaq tumbled 40 points to 5,533.


Wal-Mart will hire 10,000 people this year to staff new stores and support its online initiatives. The low price retailer will open 59 new stores in 2017, which is much lower than the 130 stores that were opened in 2016. E-Commerce services will be expanded to include online grocery pick-up. Wal-Mart's plans to open new stores and remodel existing locations is expected to create 24,000 construction jobs.


Amazon will be a retail partner for the Department of Agriculture's Supplemental Nutrition Assistance Program Online Purchase Pilot program. Recipients of food stamps in Iowa, Maryland, New Jersey, New York, Oregon, Pennsylvania and Washington will be able to pay for online Amazon grocery orders with their benefits. The program begins in the summer of 2017 and will run for two years.


JCPenney will open Nike shops in more than 600 of its department stores nationwide. The compact 500-square feet shop-within-a-shop will be housed in the men's department. Apparel for running, playing basketball or general exercising will be available in the Nike shops while athletic shoes will be sold next to the in-store shop.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index fell 9 points to 2,264. Bitcoin jumped $72 to $895.


Britain will pursue a hard Brexit and leave the EU single market sending the stock market down to a lower open with the Dow slipping 22 points to 19,863. Nasdaq fell 22 points to 5,551.


On the upside


The European Commission granted Orphan Drug Designation to Benitec Biopharma's (Nasdaq: BNTC) oculopharyngeal muscular dystrophy treatment BB-301.

 

Clayton Williams Energy (NYSE: CWEI) will be acquired by Noble Energy (NYSE: NBL) for a premium of approximately $2.7 billion in cash and stock including the assumption of debt.


The Environmental Protection Agency approved the pathway for isobutnol that is produced by Gevo (Nasdaq: GEVO) to be an advanced biofuel under the Renewable Fuel Standard Program. 


On the downside


Alcobra (Nasdaq: ADHD) reported disappointing results from a Phase 3 clinical trial of Metadoxine Extended Release to treat Attention Deficit Hyperactivity Disorder in adult patients.


The Customs and Border Patrol agency will reinstate a ban on Arista Networks' (NYSE: ANET) network switches. 


Christopher & Banks (NYSE: CBK) cut its fourth quarter revenue forecast, widened expected fourth quarter losses and announced the departure of chief executive LuAnn Via.


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 more than 2 to 1 on Nasdaq. The broader S&P 500 index lost 4 points to 2,269. Bitcoin leaped $53 to $876.


U.S. markets closed

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U.S. markets are closed in observance of Dr. Martin Luther King, Jr. day.

Mixed close as crude oil retreats

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The markets closed mixed with the Dow slipping 5 points to 19,885 as crude oil prices retreated. Nasdaq gained 26 points to 5,574.


On the upside


Globus Maritime (Nasdaq: GLBS) cancelled its previously announced private placement and debt conversion.

 

The Centers for Medicare & Medicaid Services will cover DexCom's (Nasdaq: DXCM) continuous glucose monitoring system Dexcom G5 Mobile.


Telenav (Nasdaq: TNAV) settled a patent infringement suit against the company. 


On the downside


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


Skyline Medical (Nasdaq: SKLN) priced its public offering of 1.75 common shares at the discounted price of $2.25 per share. 


Profit taking weighed down shares of Marinus Pharmaceuticals (Nasdaq: MRNS).


In the broad market, advancing issues outpaced declines by a margin of 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index added 4 points to 2,274. Bitcoin added $1 to $815.


Nintendo launches Switch on March 3

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The markets traded modestly higher with the Dow adding a point to 19,892. Nasdaq gained 31 points to 5,579.


Nintendo will launch its new Switch gaming system on March 3 with a $299.99 price tag. The Switch is a combination console with a TV Mode, Tabletop Mode and Handheld Mode. More than 80 games are being developed for the Switch including The Legend of Zelda: Breath of the Wild, Super Mario Odyssey, Splatoon 2 and Xenoblade Chronicles 2.


Three former Takata executives have been indicted for criminal wrongdoing related to the company's faulty air bag inflators. The indictment says that the executives knew in 2000 that the inflators failed safety tests and conspired to create false test results. The manipulated test results were provided to automakers as part of Takata's marketing and sales campaign.


Google introduced its 3D digital storytelling app Toontastic 3D aimed at elementary school students. The app has a library of customizable characters, interactive 3D worlds and an idea lab for kids to create 3D cartoons. Artists can also draw their own characters. The app is free.


In the broad market, advancing issues outpaced declines by a margin of nearly 2 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index rose 5 points to 2,275. Bitcoin gained $8 to $818.


Producer prices edged up 0.3% to lift the markets to a higher open with the Dow rising 19 points to 19,910. Nasdaq gained 26 points to 5,573.


On the upside


Naked Brand Group (Nasdaq: NAKD) will merge with Bendon 

 

LifeLab selected Transgenomic's (Nasdaq: TBIO) ICE COLD-PCR technology as its mutation enrichment platform for cancer testing.


Sanchez Energy (NYSE: SN) and Blackstone Energy Partners will acquire 155,000 acres in the Western Eagle Ford from Anadarko Petroleum for approximately $2.3 billion. 


On the downside


GameStop (NYSE: GME) reported a sharp 16.4% drop in holiday same store sales.


Uranium Resources (Nasdaq: URRE) priced its public offering of approximately 4.8 million common shares at the discounted price of $2.01 per share. 


Infosys (NYSE: INFY) lowered its full year revenue growth.


In the broad market, advancing issues outpaced declines by a margin of 5 to 3 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 index rose 6 points to 2,277. Bitcoin added $1 to $811.


Uncertainty surrounding the fiscal policy of the incoming Trump administration weighed the markets down to a lower close with the Dow dropping 63 points to 19,891. Nasdaq lost 16 points to 5,547.


On the upside


Adesto Technologies (Nasdaq: IOTS)  chief financial officer Ron Shelton presented at the Needham & Co.'s 19th Annual Growth Conference

 

Elliott Associates disclosed an 8.3% stake in The Advisory Board (Nasdaq: ABCO) and is urging the company to explore strategic options.


ClubCorp Holdings (NYSE: MYCC) has retained the services of Jefferies and Wells Fargo Securities to review and evaluate alternatives to increase shareholder value. 


On the downside


Shares of DryShips (Nasdaq: DRYS) fell for the seventh day.


Compass Point downgraded Owen Financial (Nasdaq: OCN) from a Buy rating to a Neutral rating. 


The Environmental Protection Agency has accused Fiat Chrysler Automobiles (NYSE: FCAU) of emissions violations.


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 index lost 4 points to 2,270. Bitcoin soared $33 to $817.


The markets traded sharply lower during the midday with the Dow plunging 108 points to 19,845. Nasdaq dropped 36 points to 5,527.


The Environmental Protection Agency has accused Fiat Chrysler Automobiles of emissions cheating. The automaker allegedly installed software designed to defeat emissions tests in model years 2014-2016 Jeep Grand Cherokees and Dodge Ram 1500 trucks with 3.0 liter diesel engines. Approximately 104,000 diesel vehicles have the emissions cheating software.


Amazon.com plans to hire 100,000 full-time employees over the next 18 months as the online retailer expands its network of warehouses. In order to fulfill and deliver orders more quickly, warehouses will be created in local communities across the nation. The new jobs will include staff for the additional warehouses as well as developers for software.


Ford Motor widened its recall of vehicles with Takata air bags by approximately 816,000 to 3 million. The front passenger airbag inflator is defective and must be replaced. No known injuries have been reported due to the faulty airbag inflator. Most of the recalled vehicles are in the U.S. and Canada.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index fell 11 points to 2,263. Bitcoin climbed $16 to $799.


The U.S. Senate took action to repeal the Affordable Care Act sending the markets tumbling to a sharply lower open with the Dow plummeting 154 points to 19,800. Nasdaq plunged 56 points to 5,507.


On the upside


The American Journal of Sports Medicine published an article analyzing magnetic resonance imaging data through 60 months follow up from Phase 1 and Phase 2 clinical trials of Histogenics' (Nasdaq: HSGX) NeoCart for the repair of articular cartilage knee injuries.

 

Applied Optoelectronics (Nasdaq: AAOI) reported preliminary fourth quarter earnings and revenue that topped previous guidance.


Cellect Biotechnology (Nasdaq: APOP) received a notice of allowance from the U.S. Patent & Trademark Office for a patent to protect the company's technology to treat multiple medical conditions. 


On the downside


Investors locked in profits on Biocept (Nasdaq: BIOC).


Profit taking weighed down shares of MYOS RENS Technology (Nasdaq: MYOS). 


Vista Outdoor (NYSE: VSTO) warned that it would record a material, non-cash intangible asset impairment charge in the third quarter.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 index dropped 16 points to 2,258. Bitcoin edged up to $784.


Higher close as crude oil rebounds

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Rebounding crude oil prices lifted the markets to a higher close with the Dow soaring 98 points to 19,954. Nasdaq rose 11 points to 5,563.


On the upside


Shares of MYOS RENS (Nasdaq: MYOS) more than quintupled on no news.

 

Dextera Surgical (Nasdaq: DXTR) expects to report strong revenue for the fourth quarter and full year.


Amazon (Nasdaq: AMZN) selected Kornit Digital (Nasdaq: KRNT) to provide on-demand garment printing solutions systems to support the Merch by Amazon program. 


On the downside


Investors locked in profits on GenVec (Nasdaq: GNVC).


Profit taking weighed down shares of Neuralstem (Nasdaq: CUR). 


Novadaq Technologies (Nasdaq: NVDQ) entered a credit facility with MidCap Financial and announced preliminary revenue for the fourth quarter and full year.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index gained 6 points to 2,275. Bitcoin plummeted $102 to $786.


Target targets Generation Z

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The markets traded mixed during the midday with the Dow gaining 58 points to 19,914. Nasdaq lost 8 points to 5,543.


Target will introduce its new Art Class clothing brand for Generation Z shoppers on January 22. The 86 million teens and tweens of Generation Z outnumber the 75.4 million strong Millenials and contribute to approximately $600 billion in family spending each year. Art Class was developed and designed with the assistance of ten Generation Z social media influencers.


Facebook announced its Journalism Project to strengthen its relationship with the media. The social networking giant will collaborate with news organizations to create publishing tools and news products. Facebook will also train journalists on how to better connect with readers and educate users on how to assess the trustworthiness of online stories.


Samsung Group leader Jay Y. Lee will be questioned by a South Korean special prosecution team that is investigating an influence-peddling scandal that has prompted the impeachment of South Korean president Park Geun-hye. Samsung made contributions of approximately $25 million to foundations that were supported by President Park's friend Choi Soon-sil. Prosecutors are investigating a possible link between the payments and a decision in 2015 by the national pension service to support a merger of two group affiliates.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 index edged up a fraction to 2,269. Bitcoin collapsed $112 to $776.


Higher open as crude oil prices rise

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The markets opened higher with the Dow climbing 69 points to 19,924 as crude oil prices rose. Nasdaq added 2 points to 5,553.


On the upside


Shares of Biocept (Nasdaq: BIOC) extended its gains.

 

Integra LifeSciences (Nasdaq: IART) will pay a premium of $7.00 per share in cash to acquire Derma Sciences (Nasdaq: DSCI).


Shares of Uranium Resources (Nasdaq: URRE) soared on no news. 


On the downside


Investors locked in profits on EnteroMedics (Nasdaq: ETRM).


Profit taking weighed down shares of xG Technology (Nasdaq: XGTI). 


Supervalu (NYSE: SVU) fell to an unexpected loss for the third quarter.


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 more than 10 to 9 on Nasdaq. The broader S&P 500 index rose 3 points to 2,272. Bitcoin plummeted $82 to $805.


Crude oil prices fell again after the Energy Information Administration forecast higher crude oil production in the U.S. in 2018. The markets closed mixed with the Dow falling 31 points to 19,855 while Nasdaq gained 20 points to 5,551.


On the upside


Biocept (Nasdaq: BIOC) secured an in-network provider agreement with Blue Cross Blue Shield of Texas.

 

Signal Genetics (Nasdaq: SGNL) will hold a special shareholder meeting on February 10, 2017 to vote on matters related to the company's proposed merger with Miragen Therapeutics and the sale of Signal's MyPRS intellectual property assets.


xG Technology (Nasdaq: XGTI) regained compliance with Nasdaq listing requirements. 


On the downside


NanoString Technologies (Nasdaq: NSTG) reported preliminary full year revenue that fell short of expectations.


DryShips (Nasdaq: DRYS) exercised its option to acquire one Very Large Gas Carrier for $83.5 million. 


Halozyme Therapeutics (Nasdaq: HALO) provided program updates and its 2017 financial guidance at the 35th annual JP Morgan Healthcare Conference.


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 held steady at 2,268. Bitcoin rose $11 to $890


Ford revives old gas guzzling models

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The markets traded mixed during the midday with the Dow losing 27 points to 19,859. Nasdaq rose 14 points to 5,546.


Ford announced at the North American International Auto Show that it would revive some of its more profitable big gas guzzling truck and sport utility vehicle models. The automaker's Michigan Assembly Plant will build the Ranger midsize pickup truck and the Bronco SUV. The Ranger will be available in 2019 while the Bronco will roll off the assembly line in 2020.


The European Commission proposed new e-privacy laws that will guarantee the privacy of communications of people who use email and messaging services. Internet service providers and mobile network operators must secure the consent of users before using cookies and implementing direct marketing ad campaigns. If approved, the new rules will negatively impact the revenue of services such as WhatsApp and iMessage.


A district judge ordered Wal-Mart to pay $16.08 million to a former pharmacist to settle a gender bias suit. A jury originally decided on a $31.22 million award but the sum was reduced by the judge. Efforts by Wal-Mart to overturn the verdict have been rejected.


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 edged up a fraction to 2,269. Bitcoin rose $8 to $887.


Mixed open ahead of earnings

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The markets opened mixed with the Dow slipping 17 points to 19,870 as investors await corporate earnings news. Nasdaq added 2 points to 5,534.


On the upside


GenVec (Nasdaq: GNVC) entered an exclusive option agreement with Washington University in St. Louis to license intellectual property and technology related to gene editing and pulmonary endothelial cell targeting.

 

Illumina (Nasdaq: ILMN) introduced the next generation NovaSeq Series sequencer.


Valeant Pharmaceuticals International (NYSE: VRX) reported positive results from a second confirmatory pivotal Phase 3 study of IDP-118 to treat psoriasis. 


On the downside


hhgregg (NYSE: HGG) reported sharply lower preliminary third quarter revenue.


The Food and Drug Administration limited the labeling of Egalet's (Nasdaq: EGLT) newly approved long-acting opioid painkiller Arymo ER. 


The Williams Cos. (NYSE: WMB) priced its public offering of 65 million common shares at the discounted price of $29 per share.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 index held steady at 2,268. Bitcoin added $2 to $881.


The markets closed mixed with the Dow tumbling 76 points to 19,887 on lower crude oil prices. Nasdaq rose 10 points to 5,531.


On the upside


Exact Sciences (Nasdaq: EXAS) announced preliminary fourth quarter revenue that more than doubled over last year.

 

UnitedHealth Group will pay a premium of approximately $2.3 billion to acquire Surgical Care Affiliates (Nasdaq: SCAI).


Shares of Bonanza Creek Energy (NYSE: BCEI) climbed for the fourth day. 


On the downside


AtriCure (Nasdaq: ATRC) reported disappointing preliminary fourth quarter revenue.


Alcobra (Nasdaq: ADHD) provided an update on its meeting with the Food and Drug Administration to discuss the ongoing Clinical Hold for Metadoxine Extended Release and paths to resume human clinical trials with MDX. 


Investors locked in profits on BioCryst Pharmaceuticals (Nasdaq: BCRX).


In the broad market, declining issues outpaced advancers 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 index fell 8 points to 2,268. Bitcoin gained $5 to $884.


The markets traded mixed during the midday with the Dow dropping 47 points to 19,915 while Nasdaq gained 15 points to 5,536.


McDonald's will sell 80% of its stake in its restaurants in China. Chinese companies CITIC and CITIC Capital will acquire a 52% interest in the fast food restaurants while Carlyle Group will take a 28% stake. The move is part of a plan to customize menus to local markets and open up to 1,500 additional restaurants in China.


Alibaba executive chair Jack Ma discussed the Chinese e-commerce company's expansion plans with U.S. president elect Donald Trump. Alibaba  will add as many as one million small businesses in the U.S. to its marketplace to sell wine and fruit to Chinese consumers. Ma expects the plan to create one million jobs in the U.S.


The Federal Bureau of Investigation arrested Volkswagen senior manager Oliver Schmidt for his role in the automaker's diesel emissions scandal. Schmidt is charged with defrauding the U.S. The FBI alleges that Schmidt knew about the electronic software that was installed in diesel vehicles to pass emissions tests in the U.S. yet he deceived and mislead government regulators about the emissions cheating.


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index lost 4 points to 2,272. Bitcoin dropped $16 to $873.


Mixed open as crude oil falls

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The markets opened mixed with the Dow dropping 50 points to 19,913 as crude oil prices fell. Nasdaq rose 7 points to 5,528.


On the upside


Takeda Pharmaceutical offered a premium of approximately $5.2 billion in cash to acquire Ariad Pharmaceuticals (Nasdaq: ARIA).

 

EteroMedics (Nasdaq: ETRM) stock surged for the fourth day.


Animal healthcare provider VCA (Nasdaq: WOOF) will be acquired by candy maker Mars in a deal valued at approximately $9.1 billion including the assumption of debt. 


On the downside


AMAG Pharmaceuticals (Nasdaq: AMAG) provided preliminary fourth quarter and full year results.


First quarter earnings for Acuity Brands (NYSE: AYI) fell short of expectations. 


Stage Stores (NYSE: SSI) reported a 7.3% drop in holiday same store sales prompting the retailer to cut its fourth quarter earnings outlook.


In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index lost 4 points to 2,272. Bitcoin fell $4 to $885.


Strong wage growth lifts markets

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A strong 2.9% year-on-year increase in wages lifted the markets to a higher close with the Dow gaining 64 points to 19,963. Nasdaq climbed 33 points to 5,521.


On the upside


First quarter revenue for The Greenbrier Companies (NYSE: GBX) tumbled but the results were better than expected.

 

Pernix Therapeutics (Nasdaq: PTX) appointed Ken Pina to the position of senior vice president, general counsel and chief compliance officer.


Shares of Bonanza Creek Energy (NYSE: BCEI) rose for the third day. 


On the downside


Investor locked in profits on Tahoe Resources (NYSE: TAHO).


Live Ventures (Nasdaq: LIVE) appointed Vinland A. Johnson to the position of chief financial officer. 


Stein Mart (Nasdaq: SMRT) reported a sharp 4.8% drop in holiday same store sales.


In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index rose 7 points to 2,276. Bitcoin plummeted $115 to $880.


The markets extended its gains during the midday with the Dow climbing 82 points to 19,981. Nasdaq gained 37 points to 5,525.


Volkswagen was close to finalizing a deal with the Justice Department to settle allegations of diesel emissions cheating. The German automaker may agree to pay up to $4 billion, implement reforms and accept oversight from an outside monitor. Volkswagen had already agreed to spend up to $17.5 billion to resolve claims from U.S. vehicle owners as well as federal and state regulators.


WikiLeaks tweeted that it would publish the personal information of thousands of Twitter users. WikiLeaks claimed that releasing the information would allow for the study of networks and the development of a "metric to understand influence networks based on proximity graphs." Twitter users have protested the move by WikiLeaks.


AT&T's proposed $85.6 billion acquisition of Time Warner may be able to avoid regulatory review by the Federal Communications Commission. Because Time Warner does not intend to transfer any of its FCC licenses to AT&T, the FCC does not need to approve the deal. An FCC review can also be avoided if AT&T sells a Time Warner broadcast station.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 index gained 10 points to 2,279. Bitcoin plunged $123 to $872.


Higher open as wages edge up

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The markets opened modestly higher with the Dow rising 9 points to 19,908 as hourly wages edged up 0.4% in December. Nasdaq gained 21 points to 5,509.


On the upside


Shares of EnteroMedics (Nasdaq: ETRM) surged again.


JMP Securities upgraded Zafgen (Nasdaq: ZFGN) from an Underperform rating to a Market Perform rating.


Pacira Pharmaceuticals (Nasdaq: PCRX) reported higher preliminary fourth quarter and full year revenue. 


On the downside


J.C. Penney (NYSE: JCP) reported a 0.8% drop in holiday same store sales.


COPsync (Nasdaq: COYN) announced a $1.15 million registered direct offering. 


Ruby Tuesday (NYSE: RT) widened second quarter losses as revenue dropped.


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 index added a point to 2,270. Bitcoin plummeted $100 to $895.


Mixed close as job growth slows

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Job growth slowed in December with businesses adding a lower than expected 153,000 jobs last month. The markets closed mixed with the Dow falling 42 points to 19,899. Nasdaq rose 10 points to 5,487.


On the upside


Gartner (Nasdaq: IT) will pay approximately $2.6 billion in cash and stock to acquire CEB (NYSE: CEB).


Halozyme Therapeutics (Nasdaq: HALO) positive topline results from a Phase 2 study of PEGPH20 in combination with ABRAXANE and gemcitabine to treat stage IV pancreas cancer patients.


Alamos Gold (NYSE: AGI) received the Forestry Permits that are required to develop its Kirazli gold project in Turkey. 


On the downside


Asterna Zentaris (Nasdaq: AEZS) reported disappointing results from a Phase 3 clinical trial of Macrilen.


Investors locked in profits on BioScrip (Nasdaq: BIOS). 


Disappointing holiday sales from Kohl's (NYSE: KSS) and Macy's (NYSE: M) weighed down shares of Dillard's (NYSE: DDS).


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 eased a point to 2,269. Bitcoin tumbled $20 to $975.


The markets traded mixed with the Dow dropping 42 points to 19,899. Nasdaq rose 10 points to 5,487.


Ailing department store operator Sears Holdings will close an additional 150 stores and sell its Craftsman brand of tools in order to improve its cash position. Most of the store closures will be Kmart stores with 108 scheduled to shutter their doors while 42 Sears stores will close. Stanley Black & Decker will pay a minimum of $775 million to acquire the classic tool brand that Sears created in 1927.


CES 2017 kicked-off its 50th anniversary show in Las Vegas with a keynote speech by Nvidia co-founder and chief executive officer Jen-Hsun Huang. Huang introduced the latest Android TV-based Nvidia Shield console that will support 4K HDR for gaming and streaming. For gamers whose personal computers lack a robust graphics processor, Nvidia created the GeForce Now cloud based streaming service for PC games.


President-elect Donald Trump has threatened to impose a significant border tax on Toyota vehicles that are made in Mexico but sold in the U.S. Toyota had announced in April 2015 that it would build a $1 billion Corolla manufacturing facility in Guanajuato in Central Mexico. No jobs from the U.S. will be moving to Mexico.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 4 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 index slipped a point to 2,270. Bitcoin plunged $144 to $966.


The markets opened mixed as holiday department store sales dropped but first time applications for unemployment benefits fell. The Dow slipped 3 points to 19,938. Nasdaq gained 16 points to 5,493.


On the upside


EnteroMedics' (Nasdaq: ETRM) vBloc Neurometabolic Therapy is now available at MedStar Health in Maryland and Roper St. Francis in South Carolina.


Pieris Pharmaceuticals (Nasdaq: PIRS) entered a strategic immuno-oncology collaboration agreement with Servier.


Alexion Pharmaceuticals (Nasdaq: ALXN) filed its delayed Form 10-Q and will not need to restate previous financial results. 


On the downside


Kohl's (NYSE: KSS) blamed weak holiday sales for lowering its full year earnings  outlook.


Macy's (NYSE: M) cut its full year forecast, will close 68 stores across the nation and eliminate up to 6,200 jobs. 


Nordstrom (NYSE: JWN) chief technology officer Kumar Srinivasan has resigned.


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 index held steady at 2,270. Bitcoin plunged $144 to $966.


Strong December auto sales lifted the markets to a higher close with the Dow gaining 60 points to 19,942. Nasdaq climbed 47 points to 5,477.


On the upside


Orexigen Therapeutics (Nasdaq: OREX) launched its "Brains Behind Weight Loss" patient focused campaign.


U.S. News & World Report ranked Weight Watchers International (NYSE: WTW) #1 in the following four categories "Best Diet for Fast Weight Loss," Best Diet for Weight Loss," "Best Commercial Diet," and "Easiest Diet to Follow."


Shares of Ceragon Networks (Nasdaq: CRNT) for the fourth day. 


On the downside


FBR downgraded Emergent Capital (NYSE: EMG) from an Outperform rating to a Market Perform rating.


QuickLogic (Nasdaq: QUIK) regained compliance with the Nasdaq minimum bid price of $1.00 per share but the stock price fell. 


JMP Securities downgraded The Ensign Group (Nasdaq: ENSG) from a Market Perform rating to an Underperform rating.


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 index gained 12 points to 2,270. Bitcoin tumbled $25 to $1,084.


The markets opened higher with the Dow rising 32 points to 19,914 ahead of the release of minutes from the Federal Reserve's December meeting. Nasdaq gained 30 points to 5,459.


On the upside


Evoke Pharma (Nasdaq: EVOK) provided additional statistically significant data from a Phase 3 trial of Gimoti to treat acute and recurrent diabetic gastroparesis.


Cymabay Therapeutics (Nasdaq: CBAY) entered an exclusive license agreement with Kowa Pharmaceuticals America for the development and commercialization of arhalofenate in the U.S.


Interpace Diagnostics Group (Nasdaq: IDXG) announced a registered direct offering of 375,000 shares of common stock. 


On the downside


Shares of Agile Therapeutics (Nasdaq: AGRX) extended its losses.


Shares of Advanced Micro Devices (Nasdaq: AMD) fell again. 


Profit taking weighed down shares of PBF Energy (NYSE: PBF).


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index gained 9 points to 2,266. Bitcoin surged $62 to $1,068.


The nation's factory activity climbed to a two-year high last month to lift the markets to a higher close on the first trading day of 2017 with the Dow soaring 119 points to 19,881. Nasdaq climbed 45 points to 5,429.


On the upside


Kopek (Nasdaq: KOPN) entered a strategic relationship with Goertek.


Deutsche Bank upgraded Scorpio Buikers (NYSE: SALT) from a Hold rating to a Buy rating.


Bargain hunters lifted shares of Pacific Biosciences of California (Nasdaq: PACB). 


On the downside


SITO Mobile (Nasdaq: SITO) reported preliminary fourth quarter revenue that fell short of expectations.


Agile Therapeutics (Nasdaq: AGRX) reported positive top-line results from its Phase 3 SECURE clinical trial of Twirla and will resubmit its new drug application in the first half of 2017 but the stock price fell. 


Shares of Twilio (NYSE: TWLO) fell for the fifth day.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index climbed 19 points to 2,257. Bitcoin added $2 to $1,003.


The markets retreated from early morning highs during the midday with the Dow rising 20 points to 19,783. Nasdaq gained 15 points to 5,399.


Ford Motor will cancel plans to build a new $1.6 billion factory in Mexico opting instead to expand a Michigan plant. The automaker will invest $700 million to transform the existing facility to make autonomous and electric vehicles. Production of the Ford Focus will still be moved to Mexico but will be built at an existing plant.


President-elect Donald Trump threatened to impose a big border tax on General Motors for building its Chevrolet Cruze in Mexico then selling the vehicles in the United States. GM said that all Cruze sedans that are sold domestically are made in Lordstown, Ohio while sedans sold in foreign markets are built in Ramos, Mexico. A small number of the new Cruze hatchbacks that are sold in the U.S. are assembled in Mexico.


Intel has applied for approval to acquire approximately 15% of digital mapping company HERE. HERE is jointly owned by German luxury automakers Daimler, BMW and Volkswagen. Tencent Holdings, NavInfo and Singaporean sovereign wealth fund GIC agreed at the end of December to buy a 10% stake in HERE.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index gained 8 points to 2,247. Bitcoin added $1 to $1,001.


November construction spending surged to a 10 1/2 year high to lift the markets to a sharply higher open on the first trading day of 2017 with the Dow leaping 160 points to 19,923. Nasdaq soared 60 points to 5,443.


On the upside


Xerox (NYSE: XRX) completed the separation of Conduent (NYSE: CNDT), creating two publicly traded companies.


Interspace Diagnostics Group (Nasdaq: IDXG) entered an agreement with Blue Cross Blue Shield's Center for Clinical Effectiveness to support enhanced coverage.


BioScrip (Nasdaq: BIOS) expects fourth quarter results to be at the high end of its guidance and announced a proposed Amendment to its Credit Agreement. 


On the downside


Inotek Pharmaceuticals (Nasdaq: ITEK) reported disappointing results from a Phase III clinical trial of its glaucoma treatment trabodenoson.


Ferroglobe (Nasdaq: GSM) executive chair Alan Kestenbaum resigned. 


Clovis Oncology (Nasdaq: CLVS) announced a public offering of its common stock.


In the broad market, advancing issues outpaced decliners 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 surged 22 points to 2,261. Bitcoin added $1 to $1,002.


U.S. markets closed

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U.S. markets are closed for New Year.

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