Gapping downIn reaction to earnings/guidance: LIVE -0.7% (light volume).
European financial related names showing weakness: DB -2.4%, BCS -1.4%, CS -0.8% (ticking lower)
In the news:
- ANTH -57.7% (announces top line results of the SOLUTION clinical study in cystic fibrosis patients with exocrine pancreatic insufficiency; study 'narrowly missed' CFA non-inferiority margin of the primary modified Intent to Treat analysis)
- QCOM -1.5% (Korea Fair Trade Commission found certain of its business practices violate Korean competition law and intends to issue a corrective order relating to the specific practices at issue and impose an administrative fine of approx. $865 mln)
- ACAD -0.3% (continued weakness)
- HTZ -0.2% (Glenview Capital lowers passive stake)
Analyst comments: GME -1.7% (indicated lower following Piper comments suggesting sluggish initial holiday sales and comps decline)