HEADLINE STOCKS-Some U.S. stocks on the move on July 10

Fri Jul 10, 2009 7:47pm BST
 
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(Updates to afternoon trading, adds Dana Holding, Endo Pharma, A-Power Energy, Piper Jaffray and CIT Group)

NEW YORK, July 10 (Reuters) - Some U.S. stocks on the move on Friday:

CHEVRON CORP (CVX.N)

The oil giant warned that second-quarter earnings would be hit by a sharp decline in U.S. refining margins and that any benefits from higher oil prices were largely offset by a weaker U.S. dollar. For details, see [ID:nN09478562]

Shares of the Dow component fell 2.8 percent to $61.34.

JPMORGAN CHASE & CO (JPM.N)

The company, seeking to extricate itself from a federal bailout program, has asked the U.S. Treasury to auction stock warrants the bank issued when it received $25 billion of federal bailout money, after failing to reach agreement on what the warrants are worth. [ID:nN10499273]

Shares fell 3.6 percent to $32.42.

CIT GROUP INC CIT.N  Continued...

 

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