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Morning Movers: Teva Soars on CEO; MGM Drops

Stocks look set for higher open as Hurricane Irmaappears to have done less damage than expected, while the U.S. dollar is rallying after China said it would stop trying to support its currency.

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S&P 500 futures have advanced 0.5%, while Dow Jones Industrial Average futures have risen 122 points, or 0.6%. Nasdaq Composite futures have climbed 0.7%. The U.S. Dollar Index has risen 0.3% to 91.60.

Allegheny Technologies (ATI) has gained 3.4% to $21.21 after getting upgraded to Buy from Underperform at BofA Merrill Lynch.

Everest Re Group (RE) has climbed 6.1% to $236 as Hurricane Irma could prove less damaging than expected, helping reinsurers, who could be left covering much of the damage, bounce back a bit from last week's losses..

GrubHub (GRUB) has declined 1.2% to $55.38 after getting cut to Neutral from Outperform at Credit Suisse.

Mastercard (MA) has advanced 1.2% to $138.80 after getting upgraded to Buy from Neutral at Guggenheim.

MGM Resorts International (MGM) has fallen 1.4% to $32.77 after getting downgraded to Hold from Buy at Deutsche Bank.

Snap (SNAP) has dropped 1.6% to $15.08 after getting cut to Hold from Buy at Deutsche Bank.

Seagate Technology (STX) has slumped 2.1% to $31.31 after getting downgraded to Hold from Buy at Jefferies and to Sector Perform from Outperform at FBN Securities.

Teva Pharmaceutical Industries (TEVA) has soared 12% to $17.38 after naming a new CEO. Teva was also upgraded to Buy from Neutral at BTIG.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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