Gapping down
Earnings/guidance: HON -6.2%, ORCL -2.4%.Other news: VCEL -10.0% (intends to offer and sell shares of common stock in underwritten public offering pursuant to shelf registration statement), FNSR -7.1% (prices $500 mln private placement of its 0.50% Convertible Senior Notes due 2036), JWN -3.1% (still checking), UBSI -3.0% (prices 4.33 mln common stock offering, but did not disclose gross proceeds of offering), MET -2.2% (following business update call), GILD -1.5% (negative hepatitis royalties ruling vs. Merck (MRK)), SNY -1.1% (Bloomberg confirms Actelion in advanced talks to be acquired by Sanofi (SNY)).
Analyst actions: WTW -3.6% (downgraded to Underweight from Equal-Weight at Morgan Stanley).