Afternoon Market Update

Shares of regional banks were the top gainers in the financial sector. The gainers in the list included KeyCorp (NYSE: KEY), Zions Bancorp (NASDAQ: ZION), SunTrust Banks Inc (NYSE: STI) and Fifth Third Bancorp (NASDAQ: FITB). The Standard & Poor's 500 stock index lost about 0.03%, while the...

Oil and gas stocks dropped, along with the wider equity market. The NYSE Arca Oil Index (XOI) fell about 0.49%, while the NYSE Arca Natural Gas Index (XNG) dropped about 0.63%. The Philadelphia Oil Service Sector Index (OSX) dipped about 1.16%. Crude-oil for February delivery dropped $0.65 to $90....

FedEx (NYSE: FDX) reported weaker-than-expected Q2 results. The company's earnings came in at $0.89 per share, down from $1.10 per share, in the year-ago quarter. The company posted earnings at $1.16 per share, after excluding charges. The company's revenue increased 12% y/y to $9.63 billion....

US energy stocks gained, with the NYSE Arca Oil Index (XOI) rising about 0.60%. The NYSE Arca Natural Gas Index (XNG) rose about 0.17%, while the Philadelphia Oil Service Index (OSX) moved up around 1.29%. Shares of Huntington Bancshares Inc (NASDAQ: HBAN) fell about 3% after the bank announced the...

US Airline stocks fell, with the NYSE Arca Airline Index (XAL) losing about 0.48%. The two decliners in the list included US Airways (NYSE: LCC) and United Continental Holdings (NYSE: UAL). The only gainers in the list were Lan Airlines (NYSE: LFL) and Gol Linhas Aereas (NYSE: GOL). Moody's...

Shares of Ciena Corp (NASDAQ: CIEN) surged about11.8% after the company reported mixed Q4 results, but issued upbeat Q1 sales guidance. Ciena reported Q4 loss at $0.86 per share, versus a loss of $0.29 per share, in the year-ago period. The company's revenue increased to $418 million from $176...

Shares of H&R Block Inc (NYSE: HRB) dropped after the company posted a loss in the latest quarter. The company's total revenue for the quarter also fell 1%. HRB shares were down about 7.4% following the results. US Energy stocks dropped after the Energy Information Administration report....

US Energy stocks rose, as crude oil futures reached above $90 per barrel. The NYSE Arca Oil Index (XOI) gained about 1.13%, while the NYSE Arca Natural Gas Index (XNG) moved up around 0.39%. The Philadelphia Oil Service Index (OSX) increased about 0.02%. Shares of Nicor Inc (NYSE: GAS) surged about...

Celgene Corp (NASDAQ: CELG) was the top loser in drug stocks, dropping about 9.24%. Celgene reported unsatisfactory long-term survival data for its oncology drug called Revlimid. The NYSE Arca Pharmaceutical Index (DRG) lost about 0.5%. The NYSE Arca Biotechnology Index (BTK) fell about 0.9%. The...

Shares of TJX Companies Inc (NYSE: TJX) dropped after the company reported 3% rise in its November same-store sales. However, analysts estimated a rise of 2.9% in same-store sales. TJX's total sales increased 7% to $2 billion. TJX said, "Business throughout the Thanksgiving week and weekend was...

Shares of General Motors Co (NYSE: GM) rose about 1.4% after the company reported 11.4% y/y rise in the US sales in November. The company's sales increased to 168,739 vehicles, versus 151,427, in the year-earlier period. Airline stocks rose, along with the wider equity market. The NYSE Arca Airline...

Shares of Interactive Brokers Group Inc (NASDAQ: IBKR) gained about 3.34% after the company declared a special dividend of $1.79 per share. The dividend will be payable on December 23, to the shareholders as of record on December 9. Oil and gas stocks fell along with the US equity indexes, as the...

US Technology stocks fell along with the broader equity market. However, some stocks moved up on the day known as Cyber Monday. The advancers include Amazon.com Inc (NASDAQ: AMZN), Overstock.com Inc (NASDAQ: OSTK) and Netflix Inc (NASDAQ: NFLX). Still, the Nasdaq Composite Index (COMP) lost about 1...

Oil and gas stocks moved higher along with broad equities market. The NYSE Arca Oil Index (XOI) rose about 1.04%, with Chevron Corp (CVX) as the top gainer in the list. The NYSE Arca Natural Gas Index (XNG) gained about 1.2%, while the Philadelphia Oil Service Sector Index (OSX) surged about 2.1%....

Shares of J Crew Group Inc (NYSE: JCG) surged about 16% after the company agreed to be purchased by TPG Capital and Leonard Green & Partners for about $3 billion or $43.50 per share, representing a 16% premium over JCG's closing price on Monday. JCG reported its Q3 profit at $0.58 per share on...