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Pre-Market Report: OPEC's Deal Impacts Markets on December 1

PART:
1 2 3 4 5 6
Part 4
Pre-Market Report: OPEC's Deal Impacts Markets on December 1 PART 4 OF 6

Utilities and Telecom Services Dragged the S&P 500 Down

NYSE sector performance

Health care:

  • The health care sector fell 0.95% on November 30.
  • McKesson (MCK) (+1.8%) and Mylan Nv Ord Shs (+1.5%) were the top performers.
  • Vertex Pharmaceutic (VRTX) (-4.7%) and Dentsply Sirona (-3.8%) were the bottom performers.
  • Magellan Health (MGLN), a major US healthcare company, rose 0.14% and hovered at 52-week high levels on November 30. Recently, Magellan Health announced its 2017 fiscal guidance. It expects to generate net revenue between $5.8 billion and $6.1 billion in 2017.
  • Read Diversification Is Key to AbbVie’s Long-Term Growth Prospects to understand AbbVie’s (ABBV) growth prospects.

Utilities and Telecom Services Dragged the S&#038;P 500 Down

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Information technology:

  • The information technology sector fell 1.2% on November 30.
  • Juniper Networks (JNPR) (+2.8%) and Qualcomm (QCOM) (+2.0%) were the top performers.
  • Activision Blizzard (ATVI) (+3.5%) and Autodesk (ADSK) (+3.5%) were the bottom performers.
  • Accenture (ACN), major information technology company, fell 1.3% on November 30. After acquiring a big stake in IMJ, a Japan-based digital agency, Accenture announced that it’s acquiring Karmarama, an independent United Kingdom-based creative agency.
  • Read Digital Revenue Drove Activision Blizzard’s 3Q16 Growth to understand the factors behind Activision Blizzard’s 3Q16 performance.

Consumer staples:

  • The consumer staples sector fell 1.7% on November 30.
  • CVS (CVX) (+1.3%) and Archer Daniels Midland (ADM) (+1.1%) were the top performers.
  • Mondelez Intl Cmn A (MDLG) (-3.8%) and Tyson Foods (TSN) (+3.7%) were the bottom performers.
  • Coca-Cola (KO), a major carbonated soft drink company, fell 1.9% on November 30. Coca-Cola opened a new bottling facility in Gaza on November 30 with a bottling capacity of $20 million.
  • Read Will Kroger Beat Expectations for 12th Time in a Row in 3Q17? for a preview of Kroger’s 3Q17 results.

Telecom services:

  • The telecom services sector fell 2.1% on November 30.
  • Juniper Networks (JNPR) (+2.8%) and Echostar (SATS) (+1.5%) were the top performers.
  • Extreme Networks (EXTR) (-5.6%) and Cincinnati Bell (CBB) (-4%) were the bottom performers.
  • AT&T (T) fell 2.1% on November 30. AT&T launched its new DIRECTV Now service on November 30.
  • Read Intel’s Business Transformation Could Bear Fruit in 2017 to learn about Intel (INTC) and the factors that could support its growth.

Utilities:

  • The utility sector fell 3.2% on November 30.
  • NRG Energy (NRG) (+0.27%) and Centerpoint Energy (CNP) (-0.95%) were the top performers.
  • American Water Works (AWK) (-4.6%) and Consolidated Edison Company of New York (ED) (-4%) were the bottom performers.
  • Read Analysts See a Robust Upside in NRG Energy Stock for analysis of NRG Energy (NRG).
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