4 DJIA Heavyweights Moving Markets

The Dow is down 0.62 percent Thursday and currently stands at 13,186. Suspense concerning Friday’s employment data could be the cause.

Bank of America Corporation (NYSE:BAC): Rivals of Wells Fargo & Co. (NYSE:WFC) reduced their activities in mortgages following a combined loss of more than $65 billion, leaving the bank with the largest market share ever recorded in that sector, according to a Bloomberg report.

Don’t Miss: Are You Ready for Apple Mobile?

JPMorgan Chase & Co. (NYSE:JPM) intends to invest in up to 29.96 percent of Technicolor (TCLRY), to help the latter reduce its debt and move ahead with its turnaround plan, says a Reuters report.

Pfizer Inc. (NYSE:PFE): According to Silence Therapeutics Plc, its partner Quark Pharmaceuticals intends to modify its current exclusive Licensing Agreement with Pfizer, which will allow Quark to perform a Phase 2a clinical evaluation to assess the effect of PF-655 in a new indication, looking at visual function in patients with moderate and advanced Open-Angle Glaucoma. The drug incorporates Silence’s AtuRNAi technology and was sub-licensed to Pfizer by Quark in 2006. Silence is entitled to receive a share of milestones and royalties earned by Quark in the future on this compound. The aforementioned study will be conducted in parallel with a Phase 2b study of PF-655 in diabetic macular oedema.

Wal-Mart Stores Inc. (NYSE:WMT): Canda’s investments in price cutting and getting its products to market on time, is helping take market share from Loblaw Companies, says the Globe and Mail.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

Don’t Miss: Did the Kindle Just Receive a Target on its Back?