KraneShares Hang Seng TECH Index ETF (ARCA: KTEC)

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Under normal circumstances, the Fund will invest at least 80% of its total assets in components of the Underlying Index and depositary receipts, including American depositary receipts (ADR), representing such components and securities underlying depositary receipts in the Underlying Index. The Underlying Index is composed of the equity securities of the 30 technology companies

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Descubre los 5 ETFs que desafiaron la caída de Wall Street en febrero 2025 y lograron rendimientos sorprendentes. ¿Cuál tuvo la mayor subida?

Los 5 ETFs más rentables de febrero 2025: ¿Cuánto subieron y por qué destacaron?

Wall Street wrapped February on a gloomy note, weighed down by concerns over economic slowdown and fresh tariff <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44108913/tariffs-trump-tumult-how-to-trade-this-volatility-vix-surge">threats from President Donald Trump</a>. 
The Nasdaq Composite saw a monthly decline of 4%, while the S&amp;P 500 and Dow Jones Industrial Average shed 1.4% and around 2% respectively.
Despite the broader market downturn, several <a href="https://www.benzinga.com/etfs">ETFs managed to deliver impressive gains</a>. From high-yield strategies to China-focused funds, these ETFs stood out as the best performers in February 2025. Let's take a look at the top five.
Also Read: <a href="https://www.benzinga.com/markets/equities/25/03/44101132/tech-sector-hammered-as-trumps-tariff-plans-spark-market-selloff-nvidia-arm-super-micro-lead-tech-bloodbath">Tech Sector Hammered As Trump&#8217;s Tariff Plans Spark Market Selloff: Nvidia, ARM, Super Micro Lead Tech Bloodbath</a>
<ul>
<li>Defiance Daily Target 2X Long SMCI ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCX#NASDAQ">SMCX</a>) is up 142.76%: Aims daily leveraged investment results of 200% the daily changes in the share price of Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>). Super Micro Computer stock surged 43% over the past month, with nearly half of that gain occurring after the company submitted updated and audited financials to the SEC. This move prevented a potential Nasdaq delisting, boosting investor confidence. Additionally, SMCI continued to rally in February as it remained a top pick for investors betting on the artificial intelligence (AI) boom, boosting the ETF.</li>
</ul>
<ul>
<li>YieldMax PLTR Option Income Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTY#NYSE">PLTY</a>) is up 20.7%: This ETF, which focuses on generating monthly income by writing call options on Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), saw a stellar performance in February. While Palantir's stock was volatile, gaining just 1.4% for the month, the high-yielding nature of this ETF helped it surge nearly 30%. With an annual yield of 29.52%, this actively managed fund attracted income-seeking investors.</li>
</ul>
<ul>
<li>Global X Social Media Index ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOCL#NASDAQ">SOCL</a>) is up 10.45%: The fund provides exposure to social media companies around the world. It follows the Solactive Social Media Total Return Index and charges 0.65% as expense ratio. </li>
</ul>
<ul>
<li>KraneShares Hang Seng TECH Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KTEC#NYSE">KTEC</a>) is up 25.4%: China ETFs had a strong run in February, and KTEC was no exception. The excitement surrounding Chinese AI startup DeepSeek as well as policy stimulus from the Chinese government fueled the optimism. Despite escalating trade tensions with the U.S., Chinese tech stocks received a boost, pushing KTEC up by over 29%.</li>
</ul>
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<li>United States Natural Gas Fund LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNG#NYSE">UNG</a>) is up 22%: A brutal Arctic blast in early February led to a surge in natural gas prices, as freezing temperatures boosted heating demand while simultaneously disrupting production. This created a favorable environment for UNG, which jumped around 22% during the month.</li>
</ul>
<h2 class="wp-block-heading">Looking Ahead</h2>
While February was tough for the broader stock market, these ETFs demonstrated resilience and cashed in on unique opportunities. As investors brace for more economic and geopolitical uncertainty in March, keeping an eye on sector-specific trends and alternative investment strategies could prove beneficial.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/03/44092638/bitcoin-mining-etfs-under-pressure-profits-plunge">Bitcoin Mining ETFs Under Pressure As Falling Profits Weigh On Miners</a></li>
</ul>
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Top 5 ETFs That Defied February's Market Turmoil

Contrary to its odd reputation, Wall Street delivered an upbeat performance in September. The S&amp;P 500 added 1.6%, the Dow Jones advanced 1.8%, the Nasdaq Composite gained 2.3% and the Russell 2000 ticked up 0.3% last month. The month can be easily marked by the first Fed rate cut in four years, ECB&#39;s second rate cut and Chinese stimulus.
<h3>U.S. Economy Grows Faster Than Expected In Q2</h3>
The U.S. economy grew at an annualized rate of 3% in the second quarter of the year, surpassing Wall Street&#39;s expectations. According to the Bureau of Economic Analysis&#39;s third estimate, this growth rate remained unchanged from the previous estimate.
Economists had estimated the reading to show an annualized growth of 2.9%. The second-quarter growth marks a significant improvement from the 1.4% annualized growth seen in the first quarter (read: <a href="https://www.zacks.com/stock/news/2342935/4-reasons-to-buy-small-cap-etfs-now?art_rec=funds-etfs-trending_topics_popular-ID07-txt-2342935" target="_blank">4 Reasons to Buy Small-Cap ETFs Now</a>).
<h3>Fed Rate Cut</h3>
The Federal Reserve kicked off the easing monetary era by slashing key interest rates by 50 bps to 4.75-5% after holding it at a 23-year high for 14 consecutive months since July 2023. This marked the first rate cut since 2020 to address slowing economic growth and showed greater confidence in the fact that inflation is moving sustainably toward the 2% target level.
<h3>Chinese Stimulus</h3>
On Sept. 24, 2024, China&#39;s central bank, the People&#39;s Bank of China (PBOC), announced a broad range of monetary stimulus measures aimed at boosting the world&#39;s second-largest economy. This move indicates growing concerns within Xi Jinping&#39;s administration over the nation&#39;s slowing growth and declining investor confidence.
<h3>ECB Rate Cut</h3>
European Central Bank (ECB) slashed rates for the second time in three months in September. The reduction, from 3.75% to 3.5%, came on the heels of slowing inflation. &nbsp;The bank also intends to bolster the region&#39;s sagging economy.
<h3>Best-Performing ETFs of September</h3>
Against this backdrop, below we highlight a few winning exchange-traded funds (ETFs) for the month of September.
<h3>China ETFs</h3>
Global X MSCI China Consumer Discretionary ETF (ARCA: CHIQ) &ndash; Up 35%
KraneShares Hang Seng TECH Index ETF (ARCA: KTEC) &ndash; Up 33.7%
China&#39;s stimulus efforts boosted global markets, with mainland stocks notching their biggest weekly win since 2008. Shares of Alibaba BABA, JD.com (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jd#NASDAQ">JD</a>), and Meituan jumped as investors showed renewed interest in Chinese equities (read: <a href="https://www.zacks.com/stock/news/2341543/a-few-reasons-to-buy-china-etfs-now" target="_blank">A Few Reasons to Buy China ETFs Now</a>).
<h3>Technology ETFs</h3>
First Trust Dow Jones International Internet ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fdni#NASDAQ">FDNI</a>) &ndash; Up 24%
EMQQ The Emerging Markets Internet ETF EMQQ &ndash; Up 16.7%
International tech stocks have been in fine fettle due to global monetary policy easing. Since low rates are beneficial for growth sectors like technology, such an environment bodes well for international Internet stocks and ETFs. In general, Chinese stimulus and a Fed rate cut have favored the broader emerging market investing (read: <a href="https://www.zacks.com/stock/news/2342725/emerging-market-etfs-roar-back-to-new-heights" target="_blank">Emerging Market ETFs Roar Back to New Heights</a>).
<h3>Natural Gas</h3>
United States Natural Gas Fund LP (ARCA: UNG) &ndash; Up 22.8%
The natural gas markets have rallied as traders worry that the refining and extraction of natural gas in the Gulf of Mexico could be hampered due to hurricanes. Total U.S. consumption of natural gas rose by 2.5% (1.7 Bcf/d) in the week ending Sept. 25, 2024 from the previous week, <a href="https://www.eia.gov/naturalgas/weekly/" target="_blank">according to data from S&amp;P Global Commodity Insights</a>.
<h3>Lithium</h3>
iShares Lithium Miners and Producers ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilit#NASDAQ">ILIT</a>) &ndash; Up 14.7%
Electric vehicle (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ev#NYSE">EV</a>) stocks gained momentum this month on speculation of higher EV sales. Electric car sales in the United States are on track for a record quarter, <a href="https://insideevs.com/news/735231/ev-sales-q3-2024-tesla/" target="_blank">according to forecasts out Wednesday from Cox Automotive</a>, as quoted on insideevs.com. Lithium-ion batteries are the most common type of battery used in electric vehicles. This fact explains the rally in ILIT ETF.
<h3>Airlines</h3>
U.S. Global Jets ETF (ARCA: JETS) &ndash; Up 14.3%
Airlines stocks soared on strong demand, decelerating capacity and lower oil prices. The Airports Council International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aci#NYSE">ACI</a>) World projects that global passenger volume will reach 9.5 billion in 2024, which is 104% of the 2019 level and a 10% increase from 2023, <a href="https://aci.aero/2024/09/18/the-trusted-source-for-air-travel-demand-updates-2/#:~:text=The%20current%20projection%20for%202024,(YoY)%20growth%20from%202023." target="_blank">per Airport Council International</a>.
U.S. Global Jets ETF provides exposure to the global airline industry, including airline operators and manufacturers from all over the world, by tracking the U.S. Global Jets Index. The product holds 60 securities and charges 60 bps on an annual basis.
<a href="https://www.zacks.com/stock/news/2343606/best-performing-etf-areas-of-september?cid=CS-BENZ-FT-etf_news_and_commentary-2343606">To read this article on Zacks.com click here.</a>

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Best-Performing ETF Areas Of September

While the world focuses on Silicon Valley, one investment strategist is taking heed of China&#8217;s bold moves in <a href="https://www.benzinga.com/topic/artificial-intelligence">the artificial intelligence space</a>.
What Happened: Derek Yan, a senior investment strategist at KraneShares, spoke to Benzinga about how China&#8217;s internet giants are laying the groundwork for massive AI adoption.
U.S. investors can access China AI opportunities through ETFs like the KraneShares Hang Seng TECH Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KTEC#NYSE">KTEC</a>). The ETF tracks Hong Kong&#8217;s 30 largest tech companies, offering exposure to high-growth, innovative sectors like cloud, e-commerce and fintech. It&#8217;s market cap-weighted with an 8% cap per stock. 
Top holdings of the ETF include Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>), Meituan (OTCPK: MPNGF), Tencent Holdings Ltd (OTCPK: TCEHY), JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), Xiaomi Corp (OTCPK: XIACF) and Kuaishou Technology (OTCPK: KUASF).
One way Chinese companies are taking a lead is by training their own models or using open-source ones — particularly in industries like entertainment, marketing and health care, Yan says.
The vast pool of data gathered from over a billion internet users is advantageous to companies when training large language models, he adds.
"China&#8217;s internet companies have previously proven successful in commercializing new technologies," Yan said, citing the mobile tech boom that fueled the rise of these giants.
Read Also: <a href="https://www.benzinga.com/news/24/07/39702149/china-dominates-global-generative-ai-adoption-as-local-startups-face-fierce-competition-from-the-lik">China Dominates Global Generative AI Adoption As Local Startups Face Fierce Competition From The Likes Of Alibaba And Baidu</a>
Why It Matters: China's pace of adoption is nothing short of impressive, the strategist said.
"Chinese consumers tend to adopt new technology quicker than global peers," Yan said, adding that this agility is evident in how quickly AI is being integrated. Companies like Kuaishou are already seeing success, with their AI model Kling rivaling OpenAI's Sora, he said. 
By 2025, we'll see big Chinese enterprises adopting AI on a massive scale, Yan said. 
The stage is set for generative AI to transform China's business landscape, potentially driving huge growth in earnings for internet companies, in his view. 
And with AI tools improving customer experience and cost efficiency, it's clear China isn't just catching up — it's preparing to leapfrog into the future.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/24/09/40748185/chinas-markets-still-manage-to-get-nvidia-ai-chips-via-smuggling-report">China&#8217;s Markets Still Manage To Get Nvidia AI Chips Via Smuggling: Report</a></li>
</ul>
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EXCLUSIVE: AI In China — The Sleeping Giant Awakens? KraneShares Strategist Says We Should Be Paying Attention

The S&amp;P 500 logged its biggest weekly gain since November as Big Tech stocks rallied. With this, U.S. stocks pared their April losses on Apr 26. The S&amp;P 500 advanced 2.7% last week, the Dow Jones inched up 0.7% and the Nasdaq jumped 4.2%. Let&#39;s highlight the key events of the last week.
<h3>Best Week for &quot;Magnificent Seven&quot; Since November</h3>
The batch of tech giants known as the &quot;Magnificent Seven&quot; regained some of its momentum at the end of the week, following positive earnings reports from Google-parent Alphabet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) and Microsoft (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>).
Alphabet which gained 11.3% last week on the back of upbeat earnings, became the fourth U.S. company to reach the $2-trillion market cap milestone. On the other hand, Facebook-parent Meta (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) offered downbeat revenue guidance and saw shares slumping 9.4% last week. Tesla TSLA gained 19.7% on future affordable EV plans despite the Q1 miss.
Most tech companies&#39; promise to spend big on the AI revolution boosted the NVIDIA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) stock, which jumped 12.3% last week. Meanwhile, MSFT, Amazon (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) and Apple (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) recorded modest gains of 1.6%, 1.5% and 2.1%, respectively.
Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA and Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) collectively added $686 billion in market value, in their strongest weekly performance since the week ending Nov 3, 2023, according to Dow Jones Market Data, as quoted on MarketWatch. However, despite last week&#39;s resurgence, both Apple and Tesla remain in negative territory for the year.
<h3>U.S. Economic Growth Slowed in Q1</h3>
The U.S. economy expanded at the slowest pace in two years, with GDP rising 1.6% annually in the first quarter, missing Wall Street expectations of a 2.4% increase. The growth reflects a clear slowdown from the 3.4% increase in the fourth quarter of 2023 and was also much lower than the 4.9% reported in the year-ago quarter.
<h3>U.S. Core PCE Inflation Rises Faster Than Expected</h3>
U.S. inflation, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 2.7% on a yearly basis in March from 2.5% in February. This reading came in above the market expectation of 2.6%.
The core PCE Price Index, which excludes volatile food and energy prices, held steady at 2.8% on a yearly basis, surpassing analysts&#39; estimate of 2.6%.On a monthly basis, the PCE Price Index and the core PCE Price Index both rose 0.3%.
Core Personal Consumption Expenditures (PCE) index surged 3.7% year over year in the first quarter. This topped estimates of 3.4% and marked a substantial increase from the 2% gain in the previous quarter. This surge in inflation raised doubts about the sooner-than-expected U.S. interest rate cuts.
The U.S. 10-year Treasury yield reached 4.70% on Apr 25, 2024, marking the first time since early November. However, the yield closed the week at 4.67%. Markets are now pricing in only one interest rate cut this year, reflecting a significant shift from the earlier projections. Powell&#39;s recent statements, which stress the need for &quot;greater confidence&quot; in the decline of inflation before considering rate cuts, also reinforced this sentiment.
<h3>Best ETFs in Focus</h3>
Against this backdrop, below we highlight a few winning ETFs of last week.
KraneShares CSI China Internet ETF (ARCA:KWEB) &ndash; Up 12.9%
The underlying CSI Overseas China Internet Index is designed to measure the performance of the investable universe of publicly traded China-based companies whose primary business or businesses are in the Internet and Internet-related sectors. The fund charges 69 bps in fees.
KraneShares Hang Seng TECH Index ETF (ARCA:KTEC) &ndash; Up 12.6%
The underlying Hang Seng TECH Index captures the 30 largest companies rapidly growing technology sector in Hong Kong. The fund charges 69 bps in fees.
Global X Blockchain ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkch#NASDAQ">BKCH</a>) &ndash; Up 12.4%
The underlying Solactive Blockchain Index provides exposure to companies that are positioned to benefit from further advances in the field of blockchain technology. The fund charges 50 bps in fees.
VanEck Digital Transformation ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dapp#NASDAQ">DAPP</a>) &ndash; 12.4%
The underlying MVIS Global Digital Assets Equity Index is a rules-based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the global digital asset segment. The fund charges 51 bps in fees.
First Trust SkyBridge Crypto Industry &amp; Digital Economy ETF (ARCA:CRPT) &ndash; Up 11.2%
The First Trust SkyBridge Crypto Industry and Digital Economy ETF seeks to provide investors with capital appreciation. The fund charges 85 bps in fees.
<a href="https://www.zacks.com/stock/news/2264686/5-etf-winners-of-the-last-week?cid=CS-BENZ-FT-etf_news_and_commentary-2264686">To read this article on Zacks.com click here.</a>

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5 ETF Winners of the Last Week

As COVID-19 spreads through China, and the world&rsquo;s second-largest economy is dealing with an <a href="https://www.benzinga.com/news/22/12/30170293/china-covid-19-surge-leads-to-crowded-hospitals-empty-streets-as-experts-say-beijing-hiding-actual-n">overwhelming wave of new infections</a>, shares of Chinese-based funeral&nbsp;and healthcare companies are going higher.
The stock market play may not be over, as the country had not yet formally abandoned its quarantine restrictions or travel restrictions, <a href="https://www.benzinga.com/markets/asia/22/12/30198883/china-to-open-borders-drop-covid-19-restrictions-what-you-need-to-know">which take effect on Jan 8</a>.
What Happened: China will reopen borders and abandon quarantine after it downgrades the&nbsp;COVID-19 threat on Jan. 8, but new cases are already surging, leading to understaffed&nbsp;and overcrowded hospitals.
In the weeks leading to the relaxing of COVID-19 measures, shares of China&rsquo;s largest cemetery operator, Fu Shou Yuan International Group, reversed what would have been a 35% loss on the year&nbsp;to nearly 15% gains.
Shijiazhuang Yiling Pharmaceutical group is up almost 59% in the year.
Huatian Hotel Group Co. is up about 13% over the last month.
The rush to reopen the country comes as the Chinese economy was dealing with the negative effects of widespread lockdowns; notably contracted retail sales in November, and unemployment, which reached six-month highs.
Why It Matters: Despite recent signals from China&#39;s top officials that they will return in 2023 to focus on growth and betting on the easing of pandemic restrictions to boost the economy, it can be presumed that those top leaders weren&#39;t prepared for the sudden increase in cases.
If they had, Bloomberg reported, the Chinese government could have utilized the three years it spent combating the virus to strengthen its healthcare system by creating more critical care facilities and stockpiling medications.
China could have started a massive vaccination campaign aimed at the millions of vulnerable senior citizens who were unwilling to get vaccinated or given a booster.
But, it did not do <a href="https://www.benzinga.com/topic/china">much of that</a>.
Stocks To Watch: Chinese ETFs including Global X MSCI China Real Estate ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chir#NYSE">CHIR</a>), KraneShares CSI China Internet ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kweb#NYSE">KWEB</a>), KraneShares Hang Seng TECH Index ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ktec#NYSE">KTEC</a>), and Invesco Golden Dragon China ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgj#NASDAQ">PGJ</a>) are worth keeping an eye on, because&nbsp;those ETFs have made notable moves over the last few weeks.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/22/12/30183515/xi-jinpings-government-sanctions-2-americans-over-tibet-rights-controversy">Xi Jinping&#39;s Government Sanctions 2 Americans Over Tibet Rights Controversy</a>
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COVID-19 Cases Soar While Stocks Fly: How To Play China's Reopening In The Market

China will strike the final blow to its COVID-19 restrictions at the beginning of next year, for both citizens of the country&nbsp;and those <a href="https://www.benzinga.com/topic/china">traveling to the mainland</a>.
What Happened: China will reopen borders and abandon quarantine after it downgrades its treatment of COVID on Jan. 8.&nbsp;
The decision is the mainland&rsquo;s last step in shedding three years of zero-COVID and pivoting to living with the virus.
Since 2020, COVID&nbsp;has been treated in China as a category A infectious disease, in line with cholera and the bubonic plague.
According to Chinese law, in order to contain contagious diseases in category A, authorities enact the strictest regulations, such as quarantining and isolating the infected and their close connections as well as citywide lockdowns.
Provincial health officials and hospitals in China <a href="https://www.scmp.com/news/china/science/article/3204601/china-reopen-borders-drop-covid-quarantine-january-8">said</a>&nbsp;the National Health Commission contacted them on Sunday and asked them to get ready for the relegation to category B management starting on Jan. 8, according to South China Morning Post.&nbsp;
That category means COVID only requires &ldquo;necessary treatment and measures to curb the spread.&rdquo;
Why It Matters: Mainland China&#39;s abrupt and quick lifting of its COVID-related limitations has exposed a new set of economic difficulties.
The relaxation of limitations has led to an increase in uncontrollable COVID cases in China, which has resulted in a lack of both staff across industries&nbsp;and medications.
Read also:<a href="https://www.benzinga.com/news/22/12/30170293/china-covid-19-surge-leads-to-crowded-hospitals-empty-streets-as-experts-say-beijing-hiding-actual-n">&nbsp;China COVID-19 Surge Leads To Crowded Hospitals, Empty Streets</a>
Stocks To Watch:&nbsp;The reopening of China&#39;s economy will&nbsp;have an effect on equities focused in certain companies with operations there as well as businesses that would suffer from any indirect effects of instability in the second-largest economy in the world after it abandons its COVID restrictions.
Shares of Estee Lauder Companies Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/el#NYSE" style="font-size: 13px;">EL</a>), Starbucks Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ" style="font-size: 13px;">SBUX</a>) and Wynn Resorts, Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wynn#NASDAQ" style="font-size: 13px;">WYNN</a>) could move, as these companies have sizable presences in China.
Chinese ETFs including Global X MSCI China Real Estate ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chir#NYSE">CHIR</a>), KraneShares CSI China Internet ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kweb#NYSE">KWEB</a>), KraneShares Hang Seng TECH Index ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ktec#NYSE">KTEC</a>), and Invesco Golden Dragon China ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgj#NASDAQ">PGJ</a>) are worth keeping an eye on as well, as those ETFs have made notable moves over the last few weeks.
Read next:&nbsp;<a href="https://www.benzinga.com/news/22/12/30120882/one-million-people-could-die-from-covid-19-in-china-next-year-report">One Million People Could Die From COVID-19 In China Next Year: Report</a>
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China To Open Borders, Drop COVID-19 Restrictions: What You Need To Know

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Chicago Capital Management Reports 8.13% Stake In Key Technology

<h3>
	Gainers</h3>
<ul>
<li>
		Menlo Therapeutics Inc. (NASDAQ: <a class="ticker" href="/stock/mnlo#NASDAQ">MNLO</a>) shares surged 68.88 percent to close at $28.71. Menlo Therapeutics prices its IPO at $17 per share.</li>
<li>
		Lightbridge Corp (NASDAQ: <a class="ticker" href="/stock/ltbr#NASDAQ">LTBR</a>) shares surged 58.6 percent to close at $3.41 on Thursday. Lightbridge and Framatome reported a 50-50 joint venture to develop, license and sell nuclear fuel assemblies based on Lightbridge metallic fuel technology.</li>
<li>
		Key Technology, Inc. (NASDAQ: <a class="ticker" href="/stock/ktec#NASDAQ">KTEC</a>) shares climbed 49.77 percent to close at $26.60 as Duravant announced plans to purchase Key Technology at $26.75 per share in cash.</li>
<li>
		MannKind Corporation (NASDAQ: <a class="ticker" href="/stock/mnkd#NASDAQ">MNKD</a>) shares rose 41.26 percent to close at $3.80.</li>
<li>
		Oragenics Inc (NYSE: <a class="ticker" href="/stock/ogen#NYSE">OGEN</a>) shares gained 37.32 percent to close at $2.87.</li>
<li>
		Iovance Biotherapeutics Inc (NASDAQ: <a class="ticker" href="/stock/iova#NASDAQ">IOVA</a>) shares gained 27.39 percent to close at $14.65after the clinical-stage biopharmaceutical company announced an offering of 13.04 million shares at a cost of $11.50 per share, which represents Wednesday&#39;s closing price.</li>
<li>
		OpGen Inc (NASDAQ: <a class="ticker" href="/stock/opgn#NASDAQ">OPGN</a>) shares gained 26.1 percent to close at $6.57 on Thursday.</li>
<li>
		LSI Industries Inc. (NASDAQ: <a class="ticker" href="/stock/lyts#NASDAQ">LYTS</a>) shares rose 21.35 percent to close at $8.24 following Q2 results.</li>
<li>
		Pacific Biosciences of California (NASDAQ: <a class="ticker" href="/stock/pacb#NASDAQ">PACB</a>) shares surged 19.63 percent to close at $3.23 on Thursday. Pacific Biosciences announced the sale of 10 Sequel Systems to BGI Genomics.</li>
<li>
		TAL Education Group (ADR) (NYSE: <a class="ticker" href="/stock/tal#NYSE">TAL</a>) shares rose 17.71 percent to close at $33.56 after reporting Q3 results.</li>
<li>
		Future FinTech Group Inc. (NASDAQ: <a class="ticker" href="/stock/ftft#NASDAQ">FTFT</a>) climbed 15.5 percent to close at $3.80. Future Fintech entered into an agreement with Digipay to have 60 percent of its digital assets associated with blockchain development project DCON acquired by the company.</li>
<li>
		Internet Initiative Japan Inc. (ADR) (NASDAQ: <a class="ticker" href="/stock/iiji#NASDAQ">IIJI</a>) gained 15.38 percent to close at $11.25 on Thursday.</li>
<li>
		NuCana plc (NASDAQ: <a class="ticker" href="/stock/ncna#NASDAQ">NCNA</a>) shares rose 14.7 percent to close at $27.78.</li>
<li>
		Obalon Therapeutics Inc (NASDAQ: <a class="ticker" href="/stock/obln#NASDAQ">OBLN</a>) rose 14.57 percent to close at $4.09. Northland Securities upgraded Obalon Therapeutics from Underperform to Market Perform.</li>
<li>
		Biostar Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="/stock/bspm#NASDAQ">BSPM</a>) shares gained 13.43 percent to close at $2.45.</li>
<li>
		Karyopharm Therapeutics Inc. (NASDAQ: <a class="ticker" href="/stock/kpti#NASDAQ">KPTI</a>) jumped 12.92 percent to close at $11.80. Biogen Inc (NASDAQ: <a class="ticker" href="/stock/biib#NASDAQ">BIIB</a>) acquired the exclusive worldwide rights to develop and commercialize Karyopharm Therapeutics&#39; KPT-350 therapy for the treatment of certain neurological and neurodegenerative conditions.</li>
<li>
		Summit Therapeutics PLC (ADR) (NASDAQ: <a class="ticker" href="/stock/smmt#NASDAQ">SMMT</a>) shares rose 12.86 percent to close at $13.78 after the company disclosed that ezutromisd significantly reduced muscle damage in DMD patients in 24-week interim data.</li>
<li>
		Varian Medical Systems, Inc. (NYSE: <a class="ticker" href="/stock/var#NYSE">VAR</a>) rose 12.35 percent to close at $127.01 after reporting a big first quarter earnings and sales beat.</li>
<li>
		Adverum Biotechnologies Inc (NASDAQ: <a class="ticker" href="/stock/advm#NASDAQ">ADVM</a>) shares gained 12.17 percent to close at $6.45 on Thursday.</li>
<li>
		ITUS Corp (NASDAQ: <a class="ticker" href="/stock/itus#NASDAQ">ITUS</a>) jumped 10.51 percent to close at $6.10.</li>
<li>
		Dolby Laboratories, Inc. (NYSE: <a class="ticker" href="/stock/dlb#NYSE">DLB</a>) shares rose 8.97 percent to close at $70.19 following a first quarter earnings beat.</li>
<li>
		One Horizon Group Inc (NASDAQ: <a class="ticker" href="/stock/ohgi#NASDAQ">OHGI</a>) shares rose 7.69 percent to close at $2.38. One Horizon Group announced the acquisition of 123Wish on Wednesday.</li>
<li>
		Alteryx Inc (NYSE: <a class="ticker" href="/stock/ayx#NYSE">AYX</a>) shares rose 7.8 percent to close at $30.00 on Thursday after falling 2.56 percent on Wednesday.</li>
<li>
		Shotspotter Inc (NASDAQ: <a class="ticker" href="/stock/ssti#NASDAQ">SSTI</a>) rose 5.52 percent to close at $17.02 after the company reported an agreement with Verizon to expand gunshot detection through city street lights.</li>
</ul>
<h3>
	 
	Losers</h3>
<ul>
<li>
		ConforMIS Inc (NASDAQ: <a class="ticker" href="/stock/cfms#NASDAQ">CFMS</a>) shares tumbled 33.92 percent to close at $1.50 on Thursday. ConforMIS priced its 13.33 million share offering at $1.50 per share.</li>
<li>
		Horizon Global Corp (NYSE: <a class="ticker" href="/stock/hzn#NYSE">HZN</a>) dipped 29.16 percent to close at $9.11 after the company lowered its FY17 forecast.</li>
<li>
		Newell Brands Inc (NYSE: <a class="ticker" href="/stock/nwl#NYSE">NWL</a>) fell 20.56 percent to close at $24.81after the company cut its FY17 guidance. The company also disclosed that it is exploring a series of strategic initiatives for some of its assets.</li>
<li>
		China Customer Relations Centers, Inc. (NASDAQ: <a class="ticker" href="/stock/ccrc#NASDAQ">CCRC</a>) shares dropped 16.05 percent to close at $17.21.</li>
<li>
		Sify Technologies Limited (NASDAQ: <a class="ticker" href="/stock/sify#NASDAQ">SIFY</a>) shares declined 14.94 percent to close at $2.05.</li>
<li>
		Ocular Therapeutix Inc (NASDAQ: <a class="ticker" href="/stock/ocul#NASDAQ">OCUL</a>) fell 14.22 percent to close at $5.31. Ocular Therapeutix priced its 6.5 million share offering at $5 per share.</li>
<li>
		Laredo Petroleum Inc (NYSE: <a class="ticker" href="/stock/lpi#NYSE">LPI</a>) shares dropped 14.15 percent to close at $9.89. Laredo Petroleum reported a 29 percent rise in year-end proved reserve estimates.</li>
<li>
		Ballard Power Systems Inc. (NASDAQ: <a class="ticker" href="/stock/bldp#NASDAQ">BLDP</a>) shares slipped 13.72 percent to close at $3.27.</li>
<li>
		Aspen Group, Inc. (NASDAQ: <a class="ticker" href="/stock/aspu#NASDAQ">ASPU</a>) dipped 13.51 percent to close at $7.62 on Thursday.</li>
<li>
		Siebert Financial Corp. (NASDAQ: <a class="ticker" href="/stock/sieb#NASDAQ">SIEB</a>) shares fell 13.21 percent to close at $10.12.</li>
<li>
		Argos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="/stock/args#NASDAQ">ARGS</a>) fell 12.4 percent to close at $2.12.</li>
<li>
		KBS Fashion Group Limited (NASDAQ: <a class="ticker" href="/stock/kbsf#NASDAQ">KBSF</a>) shares tumbled 12.12 percent to close at $4.35 on Thursday. KBS Fashion disclosed that its CEO Zheng has resigned for personal reasons.</li>
<li>
		NovaGold Resources Inc. (NYSE: <a class="ticker" href="/stock/ng#NYSE">NG</a>) dropped 11.56 percent to close at $3.90. Novagold Resources reported a Q4 loss of $10 million.</li>
<li>
		CARBO Ceramics Inc. (NYSE: <a class="ticker" href="/stock/crr#NYSE">CRR</a>) dipped 11.59 percent to close at $10.22.</li>
<li>
		Sears Holdings Corp (NASDAQ: <a class="ticker" href="/stock/shld#NASDAQ">SHLD</a>) shares dropped 11.18 percent to close at $2.78 on Thursday.</li>
<li>
		Range Resources Corp. (NYSE: <a class="ticker" href="/stock/rrc#NYSE">RRC</a>) shares fell 9.88 percent to close at $15.32. Range Resources projects 5-year CAGR of around 13 percent. The company also announced a 26 percent increase in proved resources as of December 31, 2017.</li>
<li>
		Vuzix Corporation (NASDAQ: <a class="ticker" href="/stock/vuzi#NASDAQ">VUZI</a>) slipped 9.72 percent to close at $9.75 on Thursday after climbing 8.54 percent on Wednesday.</li>
<li>
		Nutanix Inc (NASDAQ: <a class="ticker" href="/stock/ntnx#NASDAQ">NTNX</a>) shares declined 8.76 percent to close at $33.21 after declining 2.91 percent on Wednesday.</li>
<li>
		Albireo Pharma, Inc. (NASDAQ: <a class="ticker" href="/stock/albo#NASDAQ">ALBO</a>) slipped 4.92 percent to close at $34.00. Albireo announced a proposed public offering of common stock.</li>
<li>
		Dr.Reddy&#39;s Laboratories Ltd (ADR) (NYSE: <a class="ticker" href="/stock/rdy#NYSE">RDY</a>) shares fell 4.64 percent to close at $37.61 after the company reported Q3 results.</li>
</ul>

Movers & Shakers

Pre-Market Outlook

Movers

ADVM

ALBO

ARGS

ASPU

BIIB

BLDP

BSPM

CCRC

CFMS

FTFT

IIJI

IOVA

ITUS

KBSF

KPTI

LTBR

LYTS

MNKD

MNLO

NCNA

NTNX

OBLN

OCUL

OGEN

OHGI

OPGN

PACB

SHLD

SIEB

SIFY

SMMT

SSTI

VUZI

44 Biggest Movers From Yesterday

Toward the end of trading Thursday, the Dow traded up 0.29 percent to 26,327.62 while the NASDAQ declined 0.20 percent to 7,400.17. The S&amp;P also fell, dropping 0.06 percent to 2,835.80.
Leading and Lagging Sectors
	Thursday afternoon, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from Pacific Biosciences of California (NASDAQ: <a class="ticker" href="/stock/pacb#NASDAQ">PACB</a>) and MannKind Corporation (NASDAQ: <a class="ticker" href="/stock/mnkd#NASDAQ">MNKD</a>).
In trading on Thursday, energy shares fell 0.50 percent. Meanwhile, top losers in the sector included Ballard Power Systems Inc. (USA) (NASDAQ: <a class="ticker" href="/stock/bldp#NASDAQ">BLDP</a>), down 15 percent, and Range Resources Corp. (NYSE: <a class="ticker" href="/stock/rrc#NYSE">RRC</a>) down 10 percent.

	Top Headline
Caterpillar Inc. (NYSE: <a class="ticker" href="/stock/cat#NYSE">CAT</a>) reported upbeat earnings for its fourth quarter.
Caterpillar earned $2.16 per share in the fourth quarter on revenue of $12.9 billion, while Wall Street analysts were expecting the company to earn $1.79 per share on revenue of $11.98 billion.
Caterpillar expects FY18 adjusted earnings of $8.25 to $9.25 per share, versus analysts&rsquo; estimates of $8.19 per share.
Equities Trading UP
Key Technology, Inc. (NASDAQ: <a class="ticker" href="/stock/ktec#NASDAQ">KTEC</a>) shares shot up 50 percent to $26.62 as Duravant announced plans to purchase Key Technology at $26.75 per share in cash.
Shares of Menlo Therapeutics Inc. (NASDAQ: <a class="ticker" href="/stock/mnlo#NASDAQ">MNLO</a>) got a boost, shooting up 50 percent to $25.46. Menlo Therapeutics priced its IPO at $17 per share.
Summit Therapeutics PLC (ADR) (NASDAQ: <a class="ticker" href="/stock/smmt#NASDAQ">SMMT</a>) shares were also up, gaining 13 percent to $13.80 after the company disclosed that ezutromisd significantly reduced muscle damage in DMD patients in 24-week interim data.

	Equities Trading DOWN
	 ConforMIS Inc (NASDAQ: <a class="ticker" href="/stock/cfms#NASDAQ">CFMS</a>) shares dropped 34 percent to $1.49. ConforMIS priced 13.33 million share offering at $1.50 per share.
Shares of Horizon Global Corp (NYSE: <a class="ticker" href="/stock/hzn#NYSE">HZN</a>) were down 29 percent to $9.14 after the company lowered its FY17 forecast.
Newell Brands Inc (NYSE: <a class="ticker" href="/stock/nwl#NYSE">NWL</a>) was down, falling around 20 percent to $24.88 after the company cut its FY17 guidance. The company also disclosed that it is exploring a series of strategic initiatives for some of its assets.
Commodities

	In commodity news, oil traded down 0.67 percent to $65.17 while gold traded down 0.57 percent to $1,353.60.
	Silver traded down 0.82 percent Thursday to $17.345, while copper fell 0.76 percent to $3.204.

	Eurozone
European shares closed mostly lower today. The eurozone&rsquo;s STOXX 600 dropped 0.56 percent, the Spanish Ibex Index rose 0.31 percent, while Italy&rsquo;s FTSE MIB Index gained 0.41 percent. Meanwhile the German DAX dropped 0.87 percent, and the French CAC 40 slipped 0.25 percent while U.K. shares fell 0.36 percent.
Economics
U.S. initial jobless claims increased 13,000 to 233,000 in the latest week. However, economists were expecting claims to reach 236,000 last week.
New-home sales declined 9.3 percent at an annual rate of 625,000 in December. Economists projected a 680,000 annual rate for December.
U.S. leading economic indicators rose 0.6 percent for December.
Domestic supplies of natural gas slipped 288 billion cubic feet for the week ended January 19, the U.S. Energy Information Administration. Analysts estimated a drop of 272 billion cubic feet.
The Kansas City Fed composite index rose to 16 for January, versus prior reading of 14. Analysts were expecting a reading of 14.
Data on money supply for the recent week will be released at 4:30 p.m. ET.

Commodities

Intraday Update

Mid-Afternoon Market Update: Key Technology Gains On Acquisition News; Newell Brands Shares Drop

<h3>
	Gainers</h3>
<ul>
<li>
		Lightbridge Corp (NASDAQ: <a class="ticker" href="/stock/ltbr#NASDAQ">LTBR</a>) jumped 55.4 percent to $3.34. Lightbridge is schedule to hold press conference at 10:05 am ET on January 25, 2018 regarding proposed joint venture with Framatome.</li>
<li>
		Key Technology, Inc. (NASDAQ: <a class="ticker" href="/stock/ktec#NASDAQ">KTEC</a>) shares surged 49.8 percent to $26.65 as Duravant announced plans to purchase Key Technology at $26.75 per share in cash.</li>
<li>
		Oragenics Inc (NYSE: <a class="ticker" href="/stock/ogen#NYSE">OGEN</a>) shares rose 40 percent to $2.92.</li>
<li>
		Menlo Therapeutics Inc. (NASDAQ: <a class="ticker" href="/stock/mnlo#NASDAQ">MNLO</a>) shares gained 23.5 percent to $20.999. Menlo Therapeutics prices its IPO at $17 per share.</li>
<li>
		Iovance Biotherapeutics Inc (NASDAQ: <a class="ticker" href="/stock/iova#NASDAQ">IOVA</a>) shares surged 18.5 percent to $13.61 after the clinical-stage biopharmaceutical company announced an offering of 13.04 million shares at a cost of $11.50 per share, which represents Wednesday&#39;s closing price.</li>
<li>
		Summit Therapeutics PLC (ADR) (NASDAQ: <a class="ticker" href="/stock/smmt#NASDAQ">SMMT</a>) shares gained 18 percent to $14.41 after the company disclosed that ezutromisd significantly reduced muscle damage in DMD patients in 24-week interim data.</li>
<li>
		Internet Initiative Japan Inc. (ADR) (NASDAQ: <a class="ticker" href="/stock/iiji#NASDAQ">IIJI</a>) rose 16 percent to $11.31.</li>
<li>
		Pacific Biosciences of California (NASDAQ: <a class="ticker" href="/stock/pacb#NASDAQ">PACB</a>) shares climbed 15.2 percent to $3.11. Pacific Biosciences announced the sale of 10 Sequel Systems to BGI Genomics.</li>
<li>
		OpGen Inc (NASDAQ: <a class="ticker" href="/stock/opgn#NASDAQ">OPGN</a>) surged 14.8 percent to $5.98.</li>
<li>
		TAL Education Group (ADR) (NYSE: <a class="ticker" href="/stock/tal#NYSE">TAL</a>) shares gained 14.5 percent to $32.70 after reporting Q3 results.</li>
<li>
		Varian Medical Systems, Inc. (NYSE: <a class="ticker" href="/stock/var#NYSE">VAR</a>) jumped 11.6 percent to $126.14 after reporting a big first quarter earnings and sales beat.</li>
<li>
		Adverum Biotechnologies Inc (NASDAQ: <a class="ticker" href="/stock/advm#NASDAQ">ADVM</a>) shares rose 11.3 percent to $6.40.</li>
<li>
		Obalon Therapeutics Inc (NASDAQ: <a class="ticker" href="/stock/obln#NASDAQ">OBLN</a>) climbed 11.2 percent to $3.97. Northland Securities upgraded Obalon Therapeutics from Underperform to Market Perform.</li>
<li>
		One Horizon Group Inc (NASDAQ: <a class="ticker" href="/stock/ohgi#NASDAQ">OHGI</a>) shares gained 10.9 percent to $2.45. One Horizon Group announced the acquisition of 123Wish on Wednesday.</li>
<li>
		Dolby Laboratories, Inc. (NYSE: <a class="ticker" href="/stock/dlb#NYSE">DLB</a>) shares surged 10.8 percent to $71.37 following a first quarter earnings beat.</li>
<li>
		Alteryx Inc (NYSE: <a class="ticker" href="/stock/ayx#NYSE">AYX</a>) shares gained 9.8 percent to $30.45 after falling 2.56 percent on Wednesday.</li>
<li>
		Shotspotter Inc (NASDAQ: <a class="ticker" href="/stock/ssti#NASDAQ">SSTI</a>) gained 9.4 percent to $17.65 after the company reported an agreement with Verizon to expand gunshot detection through city street lights.</li>
<li>
		ITUS Corp (NASDAQ: <a class="ticker" href="/stock/itus#NASDAQ">ITUS</a>) climbed 9 percent to $6.01.</li>
<li>
		Eagle Bulk Shipping Inc (NASDAQ: <a class="ticker" href="/stock/egle#NASDAQ">EGLE</a>) rose 4.2 percent to $5.28. Deutsche Bank initiated coverage on Eagle Bulk Shipping with a Buy rating.</li>
</ul>
<h3>
	 
	Losers</h3>
<ul>
<li>
		ConforMIS Inc (NASDAQ: <a class="ticker" href="/stock/cfms#NASDAQ">CFMS</a>) shares dipped 33.3 percent to $1.51. ConforMIS priced its 13.33 million share offering at $1.50 per share.</li>
<li>
		Horizon Global Corp (NYSE: <a class="ticker" href="/stock/hzn#NYSE">HZN</a>) tumbled 25.6 percent to $9.60 after the company lowered its FY17 forecast.</li>
<li>
		Newell Brands Inc (NYSE: <a class="ticker" href="/stock/nwl#NYSE">NWL</a>) dropped 22.1 percent to $24.36 after the company cut its FY17 guidance. The company also disclosed that it is exploring a series of strategic initiatives for some of its assets.</li>
<li>
		Ocular Therapeutix Inc (NASDAQ: <a class="ticker" href="/stock/ocul#NASDAQ">OCUL</a>) declined 15.4 percent to $5.24. Ocular Therapeutix priced its 6.5 million share offering at $5 per share.</li>
<li>
		Laredo Petroleum Inc (NYSE: <a class="ticker" href="/stock/lpi#NYSE">LPI</a>) shares fell 12.2 percent to $10.12. Laredo Petroleum reported a 29 percent rise in year-end proved reserve estimates.</li>
<li>
		Vuzix Corporation (NASDAQ: <a class="ticker" href="/stock/vuzi#NASDAQ">VUZI</a>) dropped 10.2 percent to $9.70 after climbing 8.54 percent on Wednesday.</li>
<li>
		Briggs &amp; Stratton Corporation (NYSE: <a class="ticker" href="/stock/bgg#NYSE">BGG</a>) shares fell 10.2 percent to $24.44. Briggs &amp; Stratton posted upbeat quarterly results and raised its FY18 outlook.</li>
<li>
		Dr.Reddy&#39;s Laboratories Ltd (ADR) (NYSE: <a class="ticker" href="/stock/rdy#NYSE">RDY</a>) shares slipped 10 percent to $35.50 after the company reported Q3 results.</li>
<li>
		Range Resources Corp. (NYSE: <a class="ticker" href="/stock/rrc#NYSE">RRC</a>) shares dropped 9.1 percent to $15.46. Range Resources projects 5-year CAGR of around 13 percent. The company also announced a 26 percent increase in proved resources as of December 31, 2017.</li>
<li>
		Synergy Pharmaceuticals Inc (NASDAQ: <a class="ticker" href="/stock/sgyp#NASDAQ">SGYP</a>) shares fell 8.5 percent to $2.33. Synergy Pharmaceuticals reported the FDA approval of TRULANCE.</li>
<li>
		Sears Holdings Corp (NASDAQ: <a class="ticker" href="/stock/shld#NASDAQ">SHLD</a>) tumbled 8.3 percent to $2.87.</li>
<li>
		Nutanix Inc (NASDAQ: <a class="ticker" href="/stock/ntnx#NASDAQ">NTNX</a>) shares fell 7.1 percent to $33.81 after declining 2.91 percent on Wednesday.</li>
<li>
		Albireo Pharma, Inc. (NASDAQ: <a class="ticker" href="/stock/albo#NASDAQ">ALBO</a>) fell 3.8 percent to $34.42. Albireo announced a proposed public offering of common stock.</li>
<li>
		Tractor Supply Company (NASDAQ: <a class="ticker" href="/stock/tsco#NASDAQ">TSCO</a>) declined 3.5 percent to $77.83. Telsey Advisory Group downgraded Tractor Supply from Outperform to Market Perform.</li>
<li>
		bluebird bio Inc (NASDAQ: <a class="ticker" href="/stock/blue#NASDAQ">BLUE</a>) shares dropped 3.4 percent to $200.45. Leerink Swann downgraded bluebird bio from Outperform to Market Perform.</li>
</ul>

BLUE

EGLE

SGYP

TSCO

34 Stocks Moving In Thursday's Mid-Day Session

Midway through trading Thursday, the Dow traded up 0.42 percent to 26,361.31 while the NASDAQ climbed 0.19 percent to 7,429.18. The S&amp;P also rose, gaining 0.13 percent to 2,841.13.
Leading and Lagging Sectors
	On Thursday, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from Pacific Biosciences of California (NASDAQ: <a class="ticker" href="/stock/pacb#NASDAQ">PACB</a>) and MannKind Corporation (NASDAQ: <a class="ticker" href="/stock/mnkd#NASDAQ">MNKD</a>).
In trading on Thursday, cyclical consumer goods &amp; services shares fell 0.27 percent. Meanwhile, top losers in the sector included Briggs &amp; Stratton Corporation (NYSE: <a class="ticker" href="/stock/bgg#NYSE">BGG</a>), down 10 percent, and Sears Holdings Corp (NASDAQ: <a class="ticker" href="/stock/shld#NASDAQ">SHLD</a>) down 8 percent.

	Top Headline
Caterpillar Inc. (NYSE: <a class="ticker" href="/stock/cat#NYSE">CAT</a>) reported upbeat earnings for its fourth quarter.
Caterpillar earned $2.16 per share in the fourth quarter on revenue of $12.9 billion, while Wall Street analysts were expecting the company to earn $1.79 per share on revenue of $11.98 billion.
Caterpillar expects FY18 adjusted earnings of $8.25 to $9.25 per share, versus analysts&rsquo; estimates of $8.19 per share.
Equities Trading UP
Key Technology, Inc. (NASDAQ: <a class="ticker" href="/stock/ktec#NASDAQ">KTEC</a>) shares shot up 50 percent to $26.62 as Duravant announced plans to purchase Key Technology at $26.75 per share in cash.
Shares of Menlo Therapeutics Inc. (NASDAQ: <a class="ticker" href="/stock/mnlo#NASDAQ">MNLO</a>) got a boost, shooting up 39 percent to $23.55. Menlo Therapeutics priced its IPO at $17 per share.
Summit Therapeutics PLC (ADR) (NASDAQ: <a class="ticker" href="/stock/smmt#NASDAQ">SMMT</a>) shares were also up, gaining 26 percent to $15.40 after the company disclosed that ezutromisd significantly reduced muscle damage in DMD patients in 24-week interim data.

	Equities Trading DOWN
	 ConforMIS Inc (NASDAQ: <a class="ticker" href="/stock/cfms#NASDAQ">CFMS</a>) shares dropped 34 percent to $1.50. ConforMIS priced 13.33 million share offering at $1.50 per share.
Shares of Horizon Global Corp (NYSE: <a class="ticker" href="/stock/hzn#NYSE">HZN</a>) were down 26 percent to $9.48 after the company lowered its FY17 forecast.
Newell Brands Inc (NYSE: <a class="ticker" href="/stock/nwl#NYSE">NWL</a>) was down, falling around 22 percent to $24.35 after the company cut its FY17 guidance. The company also disclosed that it is exploring a series of strategic initiatives for some of its assets.
Commodities

	In commodity news, oil traded up 0.94 percent to $66.23 while gold traded up 0.03 percent to $1,361.80.
	Silver traded up 0.18 percent Thursday to $17.52, while copper fell 0.17 percent to $3.223.

	Eurozone
European shares were mostly lower today. The eurozone&rsquo;s STOXX 600 dropped 0.80 percent, the Spanish Ibex Index rose 0.01 percent, while Italy&rsquo;s FTSE MIB Index gained 0.09 percent. Meanwhile the German DAX dropped 1.27 percent, and the French CAC 40 slipped 0.60 percent while U.K. shares fell 0.39 percent.
Economics
U.S. initial jobless claims increased 13,000 to 233,000 in the latest week. However, economists were expecting claims to reach 236,000 last week.
New-home sales declined 9.3 percent at an annual rate of 625,000 in December. Economists projected a 680,000 annual rate for December.
U.S. leading economic indicators rose 0.6 percent for December.
Domestic supplies of natural gas slipped 288 billion cubic feet for the week ended January 19, the U.S. Energy Information Administration. Analysts estimated a drop of 272 billion cubic feet.
The Kansas City Fed composite index rose to 16 for January, versus prior reading of 14. Analysts were expecting a reading of 14.
The Treasury is set to auction 7-year notes at 1:00 p.m. ET.
Data on money supply for the recent week will be released at 4:30 p.m. ET.

Mid-Day Market Update: Dow Surges Over 100 Points; Horizon Global Shares Plunge

Following the market opening Thursday, the Dow traded up 0.30 percent to 26,330.71 while the NASDAQ climbed 0.01 percent to 7,415.09. The S&amp;P also rose, gaining 0.04 percent to 2,838.67.
Leading and Lagging Sectors
	Thursday morning, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from Pacific Biosciences of California (NASDAQ: <a class="ticker" href="/stock/pacb#NASDAQ">PACB</a>) and Varian Medical Systems, Inc. (NYSE: <a class="ticker" href="/stock/var#NYSE">VAR</a>).
In trading on Thursday, cyclical consumer goods &amp; services shares fell 0.39 percent. Meanwhile, top losers in the sector included Briggs &amp; Stratton Corporation (NYSE: <a class="ticker" href="/stock/bgg#NYSE">BGG</a>), down 10 percent, and Sears Holdings Corp (NASDAQ: <a class="ticker" href="/stock/shld#NASDAQ">SHLD</a>) down 9 percent.

	Top Headline
Caterpillar Inc. (NYSE: <a class="ticker" href="/stock/cat#NYSE">CAT</a>) reported upbeat earnings for its fourth quarter.
Caterpillar earned $2.16 per share in the fourth quarter on revenue of $12.9 billion, while Wall Street analysts were expecting the company to earn $1.79 per share on revenue of $11.98 billion.
Caterpillar expects FY18 adjusted earnings of $8.25 to $9.25 per share, versus analysts&rsquo; estimates of $8.19 per share.
Equities Trading UP
Key Technology, Inc. (NASDAQ: <a class="ticker" href="/stock/ktec#NASDAQ">KTEC</a>) shares shot up 50 percent to $26.66 as Duravant announced plans to purchase Key Technology at $26.75 per share in cash.
Shares of Lightbridge Corp (NASDAQ: <a class="ticker" href="/stock/ltbr#NASDAQ">LTBR</a>) got a boost, shooting up 72 percent to $3.70. Lightbridge is schedule to hold press conference on January 25, 2018 regarding proposed joint venture with Framatome.
Summit Therapeutics PLC (ADR) (NASDAQ: <a class="ticker" href="/stock/smmt#NASDAQ">SMMT</a>) shares were also up, gaining 16 percent to $14.15 after the company disclosed that ezutromisd significantly reduced muscle damage in DMD patients in 24-week interim data.

	Equities Trading DOWN
	 ConforMIS Inc (NASDAQ: <a class="ticker" href="/stock/cfms#NASDAQ">CFMS</a>) shares dropped 34 percent to $1.50. ConforMIS priced 13.33 million share offering at $1.50 per share.
Shares of Horizon Global Corp (NYSE: <a class="ticker" href="/stock/hzn#NYSE">HZN</a>) were down 29 percent to $9.18 after the company lowered its FY17 forecast.
Newell Brands Inc (NYSE: <a class="ticker" href="/stock/nwl#NYSE">NWL</a>) was down, falling around 18 percent to $25.50 after the company cut its FY17 guidance. The company also disclosed that it is exploring a series of strategic initiatives for some of its assets.
Commodities

	In commodity news, oil traded up 1.19 percent to $66.39 while gold traded up 0.24 percent to $1,364.60.
	Silver traded up 0.46 percent Thursday to $17.57, while copper rose 0.42 percent to $3.242.

	Eurozone
European shares were higher today. The eurozone&rsquo;s STOXX 600 climbed 0.24 percent, the Spanish Ibex Index rose 0.43 percent, while Italy&rsquo;s FTSE MIB Index surged 0.76 percent. Meanwhile the German DAX gained 0.12 percent, and the French CAC 40 climbed 0.49 percent while U.K. shares rose 0.20 percent.
Economics
U.S. initial jobless claims increased 13,000 to 233,000 in the latest week. However, economists were expecting claims to reach 236,000 last week.
New-home sales declined 9.3 percent at an annual rate of 625,000 in December. Economists projected a 680,000 annual rate for December.
U.S. leading economic indicators rose 0.6 percent for December.
The Energy Information Administration&rsquo;s weekly report on natural gas stocks in underground storage is schedule for release at 10:30 a.m. ET.
The Kansas City Fed manufacturing index for January will be released at 11:00 a.m. ET.
The Treasury is set to auction 7-year notes at 1:00 p.m. ET.
Data on money supply for the recent week will be released at 4:30 p.m. ET.

Mid-Morning Market Update: Markets Mostly Higher; Caterpillar Earnings Beat Expectations

Key Technology Shares Resume Trade, Now Up 50%

Key Technology Shares To Resume Trade At 9:50 a.m. EST

Duravant Reports Will Purchase Key Technology At $26.75/Share In Cash, Or ~$175M

Key Tech Shares Halted News Pending

Midway through trading Monday, the Dow traded up 0.07 percent to 26,091.19 while the NASDAQ gained 0.43 percent to 7,367.78. The S&amp;P also rose, gaining 0.30 percent to 2,818.84.
Leading and Lagging Sectors
	On Monday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from BP Prudhoe Bay Royalty Trust (NYSE: <a class="ticker" href="/stock/bpt#NYSE">BPT</a>) and San Juan Basin Royalty Trust (NYSE: <a class="ticker" href="/stock/sjt#NYSE">SJT</a>).
In trading on Monday, industrial shares fell 0.40 percent. Meanwhile, top losers in the sector included Key Technology, Inc. (NASDAQ: <a class="ticker" href="/stock/ktec#NASDAQ">KTEC</a>), down 8 percent, and Rogers Corporation (NYSE: <a class="ticker" href="/stock/rog#NYSE">ROG</a>) down 5 percent.

	Top Headline
Halliburton Company (NYSE: <a class="ticker" href="/stock/hal#NYSE">HAL</a>) posted stronger-than-expected results for its fourth quarter.
Halliburton posted adjusted earnings of $0.53 per share in the quarter on revenue of $5.94 billion which exceeded Wall Street&#39;s expectations for $0.46 per share and $5.63 billion.

	Equities Trading UP
Bioverativ Inc (NASDAQ: <a class="ticker" href="/stock/bivv#NASDAQ">BIVV</a>) shares shot up 61 percent to $103.51. Sanofi SA (ADR) (NYSE: <a class="ticker" href="/stock/sny#NYSE">SNY</a>) announced plans to acquire Bioverativ for $11.6 billion, or $105 per share in cash.
Shares of Validus Holdings, Ltd. (NYSE: <a class="ticker" href="/stock/vr#NYSE">VR</a>) got a boost, shooting up 45 percent to $67.49 after American International Group Inc (NYSE: <a class="ticker" href="/stock/aig#NYSE">AIG</a>) announced plans to acquire Validus for $68 per share in cash.
Juno Therapeutics Inc (NASDAQ: <a class="ticker" href="/stock/juno#NASDAQ">JUNO</a>) shares were also up, gaining 27 percent to $85.86 as the company agreed to be acquired for $87 per share in cash by Celgene Corporation (NASDAQ: <a class="ticker" href="/stock/celg#NASDAQ">CELG</a>).
Equities Trading DOWN
	 Sanmina Corp (NASDAQ: <a class="ticker" href="/stock/sanm#NASDAQ">SANM</a>) shares dropped 24 percent to $26.98 after the company lowered its forecast for the first quarter and also issued a weak outlook for the second quarter.
Shares of Recon Technology, Ltd. (NASDAQ: <a class="ticker" href="/stock/rcon#NASDAQ">RCON</a>) were down 24 percent to $1.98. Recon Technology priced its 3.96 million share registered direct offering at $1.66 per share.
Idera Pharmaceuticals Inc (NASDAQ: <a class="ticker" href="/stock/idra#NASDAQ">IDRA</a>) was down, falling around 24 percent to $1.93. BioCryst Pharma and Idera Pharma announced plans to merge.
Commodities

	In commodity news, oil traded up 0.90 percent to $63.94 while gold traded up 0.02 percent to $1,333.40.
	Silver traded down 0.09 percent Monday to $17.02, while copper rose 0.30 percent to $3.197.

	Eurozone
European shares were higher today. The eurozone&rsquo;s STOXX 600 rose 0.23 percent, the Spanish Ibex Index climbed 0.92 percent, while Italy&rsquo;s FTSE MIB Index gained 0.59 percent. Meanwhile the German DAX gained 0.22 percent, and the French CAC 40 rose 0.28 percent while U.K. shares fell 0.20 percent.
Economics
USA Chicago Fed National Activity Index rose to 0.27 for December, versus prior reading of 0.15. However, economists were expecting a reading of 0.44.

BIVV

CELG

IDRA

JUNO

RCON

SANM

Mid-Day Market Update: Juno Therapeutics Surges On Acquisition News; Sanmina Shares Plummet

Following the market opening Monday, the Dow traded up 0.07 percent to 26,091.19 while the NASDAQ gained 0.43 percent to 7,367.78. The S&amp;P also rose, gaining 0.30 percent to 2,818.84.
Leading and Lagging Sectors
	Monday morning, the telecommunications services sector proved to be a source of strength for the market. Leading the sector was strength from Frontier Communications Corp (NASDAQ: <a class="ticker" href="/stock/ftr#NASDAQ">FTR</a>) and B Communications Ltd (NASDAQ: <a class="ticker" href="/stock/bcom#NASDAQ">BCOM</a>).
In trading on Monday, industrial shares fell 0.40 percent. Meanwhile, top losers in the sector included Key Technology, Inc. (NASDAQ: <a class="ticker" href="/stock/ktec#NASDAQ">KTEC</a>), down 4 percent, and New Oriental Education &amp; Tech Grp (ADR) (NYSE: <a class="ticker" href="/stock/edu#NYSE">EDU</a>) down 3 percent.

	Top Headline
Halliburton Company (NYSE: <a class="ticker" href="/stock/hal#NYSE">HAL</a>) posted stronger-than-expected results for its fourth quarter.
Halliburton posted adjusted earnings of $0.53 per share in the quarter on revenue of $5.94 billion which exceeded Wall Street&#39;s expectations for $0.46 per share and $5.63 billion.

	Equities Trading UP
Bioverativ Inc (NASDAQ: <a class="ticker" href="/stock/bivv#NASDAQ">BIVV</a>) shares shot up 62 percent to $104.00. Sanofi SA (ADR) (NYSE: <a class="ticker" href="/stock/sny#NYSE">SNY</a>) announced plans to acquire Bioverativ for $11.6 billion, or $105 per share in cash.
Shares of Validus Holdings, Ltd. (NYSE: <a class="ticker" href="/stock/vr#NYSE">VR</a>) got a boost, shooting up 44 percent to $67.48 after American International Group Inc (NYSE: <a class="ticker" href="/stock/aig#NYSE">AIG</a>) announced plans to acquire Validus for $68 per share in cash.
Juno Therapeutics Inc (NASDAQ: <a class="ticker" href="/stock/juno#NASDAQ">JUNO</a>) shares were also up, gaining 27 percent to $86.05 as the company agreed to be acquired for $87 per share in cash by Celgene Corporation (NASDAQ: <a class="ticker" href="/stock/celg#NASDAQ">CELG</a>).
Equities Trading DOWN
	 Sanmina Corp (NASDAQ: <a class="ticker" href="/stock/sanm#NASDAQ">SANM</a>) shares dropped 24 percent to $26.92 after the company lowered its forecast for the first quarter and also issued a weak outlook for the second quarter.
Shares of Recon Technology, Ltd. (NASDAQ: <a class="ticker" href="/stock/rcon#NASDAQ">RCON</a>) were down 25 percent to $1.95. Recon Technology priced its 3.96 million share registered direct offering at $1.66 per share.
Caesarstone Ltd (NASDAQ: <a class="ticker" href="/stock/cste#NASDAQ">CSTE</a>) was down, falling around 5 percent to $22.55. Credit Suisse downgraded Caesarstone from Neutral to Underperform and lowered the price target from $28.00 to $21.00.
Commodities

	In commodity news, oil traded down 0.09 percent to $63.31 while gold traded down 0.11 percent to $1,331.60.
	Silver traded down 0.06 percent Monday to $17.025, while copper rose 0.80 percent to $3.213.

	Eurozone
European shares were higher today. The eurozone&rsquo;s STOXX 600 rose 0.17 percent, the Spanish Ibex Index climbed 0.96 percent, while Italy&rsquo;s FTSE MIB Index gained 0.35 percent. Meanwhile the German DAX gained 0.11 percent, and the French CAC 40 rose 0.24 percent while U.K. shares rose 0.08 percent.
Economics
USA Chicago Fed National Activity Index rose to 0.27 for December, versus prior reading of 0.15. However, economists were expecting a reading of 0.44.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.

BCOM

CSTE

New Oriental Education & Technology Group

Mid-Morning Market Update: Markets Gain; Halliburton Profit Beats Estimates

Earnings

Key Technology Reports Q4 EPS $0.18 vs $0.08 In Same Qtr. Last Year, Sales $40.5M vs $32M Est.

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