U.S. STOCKS ON THE MOVE-Gold miners, W.W. Grainger, Palomar Holdings

Faraday Future Intelligent Electric

29/05/2024 18:55

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Wall Street indexes retreated on Wednesday, led by declines in rate-sensitive
sectors as concerns around the timing and the scale of the Federal Reserve's
interest rate cuts pushed Treasury yields higher and pressured risky assets.
 .N 
    
    At 13:38 ET, the Dow Jones Industrial Average  .DJI  was down 0.95% at
38,482.96. The S&P 500  .SPX  was down 0.62% at 5,273 and the Nasdaq Composite
 .IXIC  was down 0.43% at 16,946.968.
 
 The top three S&P 500  .PG.INX  percentage gainers:
 ** Marathon Oil  MRO.N , up 7.8%
 ** Universal Health Services  UHS.N , up 2.9%
 ** HCA Healthcare  HCA.N , up 2.8%
 
 The top three S&P 500  .PL.INX  percentage losers:
 ** American Airlines Group  AAL.O , down 15.1%
 ** Molina Healthcare  MOH.N , down 5.3%
 ** Constellation Energy Corporation  CEG.O , down 5.1%
 
 The top three NYSE  .PG.N  percentage gainers:
 ** Chewy Inc  CHWY.N , up 29.2%
 ** Vince Holding Corp  VNCE.N , up 22.2%
 ** Abercrombie & Fitch Co  ANF.N , up 21.8%
 
 The top two NYSE  .PL.N  percentage losers:
 ** Biohaven Ltd Ord  BHVN.N , down 16.7%
 ** Better Choice Company  BTTR.N , down 10.9%
 
 The top three Nasdaq  .PG.O  percentage gainers:
 ** Brand Engagement Network  BNAI.O , up 78.7%
 ** AST SpaceMobile  ASTS.O , up 45.2%
 
 The top three Nasdaq  .PL.O  percentage losers:
 ** AERWINS Technologies  AWIN.O , down 25.9%
 ** Visionary Holdings  GV.O , down 23.2%
 ** Montana Technologies Corporation  AIRJ.O , down 18.9%
 
 
 ** Marathon Oil Corp  MRO.N : up 7.8%
 BUZZ - Gains after ConocoPhillips' $22.5 bln deal to buy firm  urn:newsml:reuters.com:*:nL4N3HW37T 

 ** Robinhood Markets Inc  HOOD.O : up 2.0%
 BUZZ - Rises after launching first stock buyback plan  urn:newsml:reuters.com:*:nL4N3HW1YE 
    
 ** American Airlines Group Inc  AAL.O : down 15.1%
 BUZZ - Jefferies downgrades American Airlines to 'Hold'; shares extend
losses urn:newsml:reuters.com:*:nL4N3HW37D 
    
 ** Semler Scientific Inc  SMLR.O : up 10.2%
 BUZZ - Set to extend gains after adopting bitcoin as reserve asset  urn:newsml:reuters.com:*:nL4N3HW27J
    
 ** Faraday Future Intelligent Electric Inc  FFIE.O : down 44.5%
 BUZZ - Slumps on withdrawal of 2024 production forecast  urn:newsml:reuters.com:*:nL4N3HW29X 

 ** Dick's Sporting Goods Inc  DKS.N : up 15.5%
 BUZZ - Up after annual forecasts lift  urn:newsml:reuters.com:*:nL4N3HW37N 
    
 ** Chewy Inc  CHWY.N : up 29.2%
 BUZZ - Surges on Q1 rev beat, stock buyback plan  urn:newsml:reuters.com:*:nL4N3HW3DH 
    
 ** Bank OZK  OZK.O : down 15.5%
 **  Banc of California Inc  BANC.N : down 3.5%
 ** Western Alliance Bancorp  WAL.N : down 3.0%
 ** Valley National Bancorp  VLY.O : down 4.9%
 BUZZ - Slumps after Citigroup downgrade; regional banks fall  urn:newsml:reuters.com:*:nL4N3HW3FH 
    
 ** CCC Intelligent Solutions Holdings Inc  CCCS.O : down 3.3%
 BUZZ - Falls as Advent, Oak Hill cut stakes  urn:newsml:reuters.com:*:nL1N3HW0VF 
    
 ** Lotus Technology Inc  LOT.O : up 6.0%
 BUZZ - Rises on first-quarter revenue jump  urn:newsml:reuters.com:*:nL4N3HW36E 
    
 ** Abercrombie & Fitch Co  ANF.N : up 21.8%
 BUZZ - Hits record high after raising FY net sales growth forecast  urn:newsml:reuters.com:*:nL4N3HW37Z
    
 ** Surmodics Inc  SRDX.O : up 19.9%
 BUZZ - Jumps on buyout deal  urn:newsml:reuters.com:*:nL4N3HW2QW 
    
 ** CubeSmart  CUBE.N : down 3.7%
 BUZZ - BMO downgrades storage REIT CubeSmart to 'market perform', cuts PT
 urn:newsml:reuters.com:*:nL4N3HW2U6 
    
 ** Core Scientific Inc  CORZ.O : up 5.0%
 BUZZ - Jumps after BTIG upgrades to 'buy'  urn:newsml:reuters.com:*:nL4N3HW3S3 
    
 ** Viking Holdings Ltd  VIK.N : down 2.7%
 BUZZ - Drops after posting wider Q1 loss  urn:newsml:reuters.com:*:nL4N3HW2XD 
    
 ** Coinbase Global Inc  COIN.O : down 3.0%
 ** Riot Platforms Inc  RIOT.O : down 1.7%
 ** Marathon Digital Holdings Inc  MARA.O : down 0.6%
 ** Hut 8 Mining Corp  HUT.O : down 1.1%
 BUZZ - Crypto stocks fall as bitcoin declines  urn:newsml:reuters.com:*:nL4N3HW2Z5 
    
 ** Biohaven Ltd  BHVN.N : down 16.7%
 BUZZ - Slumps as protein degrader drug misses 'high bar' in early-stage
study urn:newsml:reuters.com:*:nL4N3HW3EB 
    
 ** FTAI Aviation Ltd  FTAI.O : down 8.9%
 BUZZ - Dips from record as Fortress Investment offloads in secondary offering
 urn:newsml:reuters.com:*:nL1N3HW148 
    
 ** N-Able Inc  NABL.N : up 8.5%
 BUZZ - Rises on Reuters report of potential sale  urn:newsml:reuters.com:*:nL4N3HW39C 
    
 ** Dell Technologies Inc  DELL.N : up 2.8%
 BUZZ - BofA raises Dell's PT on AI momentum, new product launches; shares gain
 urn:newsml:reuters.com:*:nL4N3HW3B4 
    
 ** Apple Inc  AAPL.O : up 0.8%
 BUZZ - Set to benefit from upgrade cycle driven by AI smartphones, BofA says
 urn:newsml:reuters.com:*:nL4N3HW3CK 
    
 ** AST SpaceMobile Inc  ASTS.O : up 45.2%
 BUZZ - Soars on Verizon partnership for space-to-cellular service  urn:newsml:reuters.com:*:nL1N3HW1HP 
    
 ** Newmont Corp  NEM.N : down 1.4%
 ** Barrick Gold Corp  GOLD.N : down 2.4%
 ** AngloGold Ashanti Ltd  AU.N : down 2.7%
 ** Gold Fields Ltd  GFI.N : down 2.7%
 BUZZ - Gold miners slip as US dollar, yields edge higher  urn:newsml:reuters.com:*:nL4N3HW3GJ 
    
 ** Argenx SE  ARGX.O : up 4.9%
 BUZZ - Up 7% as rival Biohaven drug study disappoints  urn:newsml:reuters.com:*:nL8N3HW52P 
    
 ** First Solar Inc  FSLR.O : up 1.7%
 BUZZ - Shares up after brokerages raise PT  urn:newsml:reuters.com:*:nL4N3HW3KC 
    
 ** UnitedHealth Group Inc  UNH.N : down 4.6%
 ** Humana Inc  HUM.N : down 2.8%
 ** Centene Corp  CNC.N : down 3.5%
 ** Elevance Health Inc  ELV.N : down 3.0%
 BUZZ - Health insurers fall after UnitedHealth flags 'disturbance' around
medicaid rates  urn:newsml:reuters.com:*:nL4N3HW342 
    
 ** W.W. Grainger Inc  GWW.N : down 3.1%
 BUZZ - Falls after Baird downgrades rating to 'neutral', cuts PT  urn:newsml:reuters.com:*:nL4N3HW3J3 

 ** Salesforce Inc  CRM.N : up 0.4%
 BUZZ - Seen notching 40.6% y/y EPS growth  urn:newsml:reuters.com:*:nL1N3HV2VL 
    
 ** Dycom Industries Inc  DY.N : up 1.2%
 BUZZ - Rises after BofA lifts PT  urn:newsml:reuters.com:*:nL4N3HW3PX 
    
 ** Palomar Holdings Inc  PLMR.O : up 4.9%
 BUZZ - Jumps after raising annual profit forecast  urn:newsml:reuters.com:*:nL4N3HW3PJ 
    
 The 11 major S&P 500 sectors:
 
 Communication Services   .SPLRCL               down 0.26%
                                    
 Consumer Discretionary   .SPLRCD               down 0.41%
                                    
 Consumer Staples         .SPLRCS               down 0.50%
                                    
 Energy                   .SPNY                 down 2.02%
                                    
 Financial                .SPSY                 down 0.71%
                                    
 Health                   .SPXHC                down 0.89%
                                    
 Industrial               .SPLRCI               down 1.12%
                                    
 Information Technology   .SPLRCT               down 0.24%
                                    
 Materials                .SPLRCM               down 1.17%
                                    
 Real Estate              .SPLRCR               down 1.04%
                                    
 Utilities                .SPLRCU               down 1.50%
                                    
 
 (Compiled by Rajarshi Roy and Puyaan Singh in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))