Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Regeneron Pharmaceuticals Inc    REGN   US75886F1075

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Wall Street closes up slightly ahead of jobs report

03/05/2015 | 04:29pm US/Eastern
Traders work on the floor of the New York Stock Exchange

U.S. stocks closed modestly higher in light trading on Thursday as investors held back on big bets ahead of Friday's jobs report, which is expected to be a big factor in influencing the timing of a Federal Reserve interest rate hike.

Focus on the report was heightened as many investors see it as one of the most import economic indicators due to be released ahead of the Fed's meeting in mid-March.

"People are anticipating some fireworks tomorrow. That's the best way to describe the waiting today," said Paul Schatz, president and chief investment officer at Heritage Capital in Woodbridge, Connecticut.

The S&P and the Dow had hit records and the Nasdaq surpassed 5,000 at the start of the week after a strong February performance for U.S. stocks, giving additional reason for investors to take a breather on Thursday.

European news was some help to U.S. markets but higher-than-expected U.S. jobless claims took "a little bit of the wind out of the sails," said Paul Brigandi, managing director of portfolio management at Direxion Funds in New York.

Initial jobless claims rose to 320,000 in the latest week, above the 295,000 estimate. The disappointing numbers came after a weaker-than-expected private payrolls report on Wednesday and ahead of Friday's monthly employment report.

A separate report showed new orders for U.S. factory goods unexpectedly fell in January for a sixth month, a sign of weakness in the manufacturing sector.

The Dow Jones industrial average <.DJI> rose 38.82 points, or 0.21 percent, to 18,135.72, the S&P 500 <.SPX> gained 2.51 points, or 0.12 percent, to 2,101.04 and the Nasdaq Composite <.IXIC> added 15.67 points, or 0.32 percent, to 4,982.81.

Earlier in the day, the European Central Bank raised growth and inflation targets and announced it would start its government bond-buying program of 60 billion euros a month on March 9.

AbbVie (>> AbbVie Inc) said it would buy Pharmacyclics (>> Pharmacyclics, Inc.) for about $21 billion, giving it access to what is expected to be one of the world's top-selling cancer drugs. Pharmacyclics shares jumped 10.3 percent to $254.22 while AbbVie fell 5.7 percent to $56.86.

The news also helped lift other healthcare stocks such as Vertex Pharmaceuticals (>> Vertex Pharmaceuticals Incorporated), which closed up 5.8 percent at $126.96. Regeneron Pharmaceuticals (>> Regeneron Pharmaceuticals Inc) added 3.8 percent to $428.95 and Biogen Idec (>> Biogen Idec Inc) rose 2.8 percent to $425.60.

About 5.7 billion shares changed hands on U.S. exchanges, below the 6.5 billion average for the last five sessions, according to BATS Global Markets.

Advancing issues outnumbered declining ones on the NYSE by 1,660 to 1,371, for a 1.21-to-1 ratio; on the Nasdaq, 1,560 issues rose and 1,154 fell, for a 1.35-to-1 ratio favoring advancers.

The S&P 500 posted 21 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 97 new highs and 42 new lows.

(Editing by Bernadette Baum and Nick Zieminski)

By Sinead Carew

React to this article
Latest news on REGENERON PHARMACEUTICALS
03/05 Wall Street closes up slightly ahead of jobs report
03/05 REGENERON PHARMACEUTICALS : REGN) Pops 3.85% for March 05
03/05 REGENERON PHARMACEUTICALS : Entry into a Material Definitive Agreement (form 8-K..
03/04 REGENERON PHARMACEUTICALS : EYLEA® aflibercept Injection Receives EU Approval fo..
02/27 REGENERON PHARMACEUTICALS : Entry into a Material Definitive Agreement (form 8-K..
02/26DJBayer's EYLEA Gets EU Approval for Retinal Vein Occlusion Treatment
02/26 REGENERON PHARMACEUTICALS : EYLEA® (aflibercept) Injection Receives EU Approval ..
02/26 REGENERON PHARMACEUTICALS : Assigned Patent
02/25 REGENERON PHARMACEUTICALS : NIH-Sponsored Comparative Effectiveness Trial in Dia..
02/23 Canada's Valeant to buy Salix in $10.1 billion deal
Advertisement
Chart
Duration : Period :
Regeneron Pharmaceuticals  Technical Analysis Chart | REGN | US75886F1075 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF