>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
: ONVO -12.1%, PSDV -9.4%, REGN -6.5%, QLYS -6.3%, ASEI -4.9%, OTTR -4.7%, CMP -4%, FOXA-3.6%, SHLD -3.4%, ALLT -3%, RDY -2.9%, BRS -2.6%, HCP -2.3%, SNY -2%, PAA -1.7%, CVS -1.5%, RBC -1.3%, GIG -1.1%, ALSN -0.7%

Select EU financial related names showing weakness: CS -7%, BCS -4.8%, ING -4.6%, SAN -3.6%

Select oil/gas related names showing early weakness: RDS.A -3.4%, TOT -2.9%, BP -2.4%

Other news: RACE -4.9% (cont weakness), TSLA -4.7% (cont weakness), SIEN -3.1% (pulling back following yday's strength), FCX -2.5% (trading lower with copper futures), NVS -1.3% (still checking), PYPL -1.3% (CTO resigns), NVO -1.1% (trading lower in symp with peer SNY), MDT -0.9% (still checking), AZN -0.8% (trading lower in symp with peer SNY)

Analyst comments: MT -8.2% (downgraded to Neutral at JP Morgan), RIO -5.4% (initiated with a Underperform at RBC Capital Mkts)