3 Rumors Pushing Around Stocks Today

Stocks slipped into the red again Thursday with the S&P 500 closing down just over 1%. Despite the drop, several rumors lifted select stocks on Wall Street today. We highlighted a few below:

Berry Corporation (NASDAQ: BRY) jumped nearly 10% on reports from Reuters it is exploring options, including a possible sale. The oil & gas company is said to have hired a banker for the strategic review.

Credit Suisse (NYSE: CS) gained nearly 2% on reports from Bloomberg it is looking for an outside investor to inject money into a spinoff of its advisory and investment banking business. The First Boston name may also be revived as part of the deal.

Nordstrom, Inc. (NYSE: JWN) was higher earlier in the session on renewed takeover rumors. In September, the retailer adopted a poison pill after Mexican peer, El Puerto de Liverpool, accumulated a nearly 10% stake.

By StreetInsider.com Staff

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