>>> US Gapping down

Gapping down

In reaction to disappointing earnings/guidance: VJET -10.4% (also files for offering of 4.25 mln American Depositary Shares representing 850k ordinary shares), CARA -1.8%, (light volume), RHT -1.4%.

Other news: INO -12.1% (pulling back), AT -6.9% (to sell US equity manager River Road to Affiliated Managers Group), ECYT -6.8% (prices 4.5 mln shares of its common stock at $21.00 per share), CZR -5.1% (announces offering of 7 mln shares of common stock), EXLP -4.8% (announces public offering of 5.4 mln common units representing limited partner interests), PUK -4.8% andLYG -3.1% (UK regulator to investigate 'fairness' of old savings products, according to reports), COMM -3% (prices secondary offering of 17.5 mln shares of its common stock by selling shareholders at $22.00 per share), ZGNX -2.7% (provides statement on Massachusetts denial of legitimate option for patients with severe chronic pain), NLY -2.5% (still checking), ONVO -1.7% (on VJET results), SFM -1.2% (prices 15 mln shares of common stock by selling shareholders at $33.75 per share), V -1% (Wal-Mart launching lawsuit over fees), GILD -0.9% (European Medicines Agency validates MAA for Ledipasvir/Sofosbuvir fixed-dose combination tablet for Genotype 1 chronic Hepatitis C infection ), NFLX -0.6% (AMZN plans to offer free service for streaming TV / music according to WSJ but recent reports inficate that AMZN denied the story), DDD -0.6% (on VJET results).

Analyst comments: PCG -5.4% (downgraded to Hold from Buy at Deutsche Bank; downgraded to Neutral from Buy at Citigroup), CIEN -1% (downgraded to Sector Perform at RBC Capital Mkts), JDSU -1% (downgraded to Sector Perform at RBC Capital Mkts)