U.S. STOCKS ON THE MOVE-N-Able, AST SpaceMobile, health insurers

Faraday Future Intelligent Electric

29/05/2024 17:02

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Wall Street indexes retreated on Wednesday, as concerns around the timing and
scale of the Federal Reserve's interest rate cuts pushed Treasury yields higher
and pressured stocks.  .N 
    
    At 11:34 ET, the Dow Jones Industrial Average  .DJI  was down 0.88% at
38,510.24. The S&P 500  .SPX  was down 0.63% at 5,272.81 and the Nasdaq
Composite  .IXIC  was down 0.45% at 16,943.764.
 
 The top three S&P 500  .PG.INX  percentage gainers:
 ** Marathon Oil  MRO.N , up 8.9%
 ** Universal Health Services  UHS.N , up 2.8%
 ** HCA Healthcare  HCA.N , up 2.2%
 
 The top three S&P 500  .PL.INX  percentage losers:
 ** American Airlines Group  AAL.O , down 14.6%
 ** Southwest Airlines  LUV.N , down 6.1%
 ** Molina Healthcare  MOH.N , down 6%
 
 The top three NYSE  .PG.N  percentage gainers:
 ** Chewy Inc  CHWY.N , up 26.3%
 ** Abercrombie & Fitch  ANF.N , up 18.5%
 ** DICK'S Sporting Goods  DKS.N , up 16.6%
 
 The top two NYSE  .PL.N  percentage losers:
 ** Biohaven Ltd  BHVN.N , down 18.3%
 ** Logistic Properties of the Americas  LPA.N , down 11.5%
 
 The top two Nasdaq  .PG.O  percentage gainers:
 ** Brand Engagement Network  BNAI.O , up 96.1%
 ** AST SpaceMobile  ASTS.O , up 48.5%
 
 The top three Nasdaq  .PL.O  percentage losers:
 ** AERWINS Technologies  AWIN.O , down 25.1%
 ** Visionary Holdings  GV.O , down 24.9%
 ** CXApp Inc  CXAI.O , down 18.9%
 
 
 ** Marathon Oil Corp  MRO.N : up 8.9%
 BUZZ - Gains after ConocoPhillips' $22.5 bln deal to buy firm  urn:newsml:reuters.com:*:nL4N3HW37T 

 ** Robinhood Markets Inc  HOOD.O : up 0.4%
 BUZZ - Rises after launching first stock buyback plan  urn:newsml:reuters.com:*:nL4N3HW1YE 
    
 ** American Airlines Group Inc  AAL.O : down 14.6%
 BUZZ - Jefferies downgrades American Airlines to 'Hold'; shares extend
losses urn:newsml:reuters.com:*:nL4N3HW37D 
    
 ** Semler Scientific Inc  SMLR.O : up 7.4%
 BUZZ - Set to extend gains after adopting bitcoin as reserve asset  urn:newsml:reuters.com:*:nL4N3HW27J
    
 ** Faraday Future Intelligent Electric Inc  FFIE.O : down 38.6%
 BUZZ - Slumps on withdrawal of 2024 production forecast  urn:newsml:reuters.com:*:nL4N3HW29X 
    
 ** Dick's Sporting Goods Inc  DKS.N : up 16.6%
 BUZZ - Up after annual forecasts lift  urn:newsml:reuters.com:*:nL4N3HW37N 
    
 ** Chewy Inc  CHWY.N : up 26.3%
 BUZZ - Surges on Q1 rev beat, stock buyback plan  urn:newsml:reuters.com:*:nL4N3HW3DH 
    
 ** Bank OZK  OZK.O : down 16.6%
 ** Banc of California Inc  BANC.N : down 3.7%
 ** Western Alliance Bancorp  WAL.N : down 3.3%
 ** Valley National Bancorp  VLY.O : down 5.6%
 BUZZ - Slumps after Citigroup downgrade; regional banks fall  urn:newsml:reuters.com:*:nL4N3HW3FH 

 ** CCC Intelligent Solutions Holdings Inc  CCCS.O : down 3.0%
 BUZZ - Falls as Advent, Oak Hill cut stakes  urn:newsml:reuters.com:*:nL1N3HW0VF 
    
 ** Lotus Technology Inc  LOT.O : up 5.1%
 BUZZ - Rises on first-quarter revenue jump  urn:newsml:reuters.com:*:nL4N3HW36E 
    
 ** Abercrombie & Fitch Co  ANF.N : up 18.5%
 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 3.3%
 BUZZ - BMO downgrades storage REIT CubeSmart to 'market perform', cuts PT
 urn:newsml:reuters.com:*:nL4N3HW2U6 
    
 ** Core Scientific Inc  CORZ.O : up 4.7%
 BUZZ - Rises after BTIG upgrades to 'buy'  urn:newsml:reuters.com:*:nL4N3HW2NG 
    
 ** Viking Holdings Ltd  VIK.N : down 2.6%
 BUZZ - Drops after posting wider Q1 loss  urn:newsml:reuters.com:*:nL4N3HW2XD 
    
 ** Coinbase Global Inc  COIN.O : down 3.7%
 ** Riot Platforms Inc  RIOT.O : down 1.5%
 ** Marathon Digital Holdings Inc  MARA.O : down 0.7%
 ** Hut 8 Mining Corp  HUT.O : down 2.6%
 BUZZ - Crypto stocks fall as bitcoin declines  urn:newsml:reuters.com:*:nL4N3HW2Z5 
    
 ** Delta Air Lines Inc  DAL.N : down 1.5%
 ** United Airlines Holdings Inc  UAL.O : down 0.7%
 ** JetBlue Airways Corp  JBLU.O : down 4.4%
 BUZZ - Citi sees US network airlines P/Es below pre-pandemic levels despite
gaining profit share  urn:newsml:reuters.com:*:nL4N3HW2ZG 
    
 ** Biohaven Ltd  BHVN.N : down 18.3%
 BUZZ - Slumps as protein degrader drug misses 'high bar' in early-stage
study urn:newsml:reuters.com:*:nL4N3HW3EB 
    
 ** FTAI Aviation Ltd  FTAI.O : down 6.0%
 BUZZ - Dips from record as Fortress Investment offloads in secondary offering
 urn:newsml:reuters.com:*:nL1N3HW148 
 
 ** TransDigm Group Inc  TDG.N : up 0.8%
 BUZZ - BofA raises TransDigm PT on strong demand, strategic M&A  urn:newsml:reuters.com:*:nL4N3HW33B 
    
 ** N-Able Inc  NABL.N : up 8.7%
 BUZZ - Rises on Reuters report of potential sale  urn:newsml:reuters.com:*:nL4N3HW39C 
    
 ** Dell Technologies Inc  DELL.N : up 1.6%
 BUZZ - BofA raises Dell's PT on AI momentum, new product launches; shares gain
 urn:newsml:reuters.com:*:nL4N3HW3B4 
    
 ** Cava Group Inc  CAVA.N : down 0.7%
 BUZZ - Group down on pressured Q1 margin  urn:newsml:reuters.com:*:nL4N3HW3E7 
    
 ** 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 48.5%
 BUZZ - Soars on Verizon partnership for space-to-cellular service  urn:newsml:reuters.com:*:nL1N3HW1HP 
    
 ** Newmont Corp  NEM.N : down 1.5%
 ** Barrick Gold Corp  GOLD.N : down 2.0%
 ** AngloGold Ashanti Ltd  AU.N : down 2.5%
 ** Gold Fields Ltd  GFI.N : down 2.0%
 BUZZ - Gold miners slip as US dollar, yields edge higher  urn:newsml:reuters.com:*:nL4N3HW3GJ 
    
 ** Argenx SE  ARGX.O : up 3.9%
 BUZZ - Up 7% as rival Biohaven drug study disappoints  urn:newsml:reuters.com:*:nL8N3HW52P 
    
 ** First Solar Inc  FSLR.O : up 0.7%
 BUZZ - Shares up after brokerages raise PT  urn:newsml:reuters.com:*:nL4N3HW3KC 
    
 ** UnitedHealth Group Inc  UNH.N : down 4.3%
 ** Humana Inc  HUM.N : down 2.6%
 ** Centene Corp  CNC.N : down 3.1%
 ** Elevance Health Inc  ELV.N : down 2.6%
 BUZZ - Health insurers fall after UnitedHealth flags 'disturbance' around
medicaid rates  urn:newsml:reuters.com:*:nL4N3HW342 
    
 The 11 major S&P 500 sectors:
 
 Communication Services   .SPLRCL   down 0.20%
 Consumer Discretionary   .SPLRCD   down 0.30%
 Consumer Staples         .SPLRCS   down 0.51%
 Energy                   .SPNY     down 1.61%
 Financial                .SPSY     down 0.90%
 Health                   .SPXHC    down 0.78%
 Industrial               .SPLRCI   down 1.03%
 Information Technology   .SPLRCT   down 0.36%
 Materials                .SPLRCM   down 1.04%
 Real Estate              .SPLRCR   down 0.95%
 Utilities                .SPLRCU   down 1.52%
 
 (Compiled by Rajarshi Roy and Puyaan Singh in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))