Closing Bell: Energy Companies Rally, Eli Lily Slides, Comcast Spinoff Tumbles

On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

- Shares of several oil companies, including Valero (VLO), Chevron (CVX), and Exxon Mobil (XOM) rallied after President Donald Trump pledged to revive the Venezuelan energy sector following the capture of Nicolás Maduro over the weekend. Chevron Corp., the only American oil major currently operating in the South American nation under special US permission, surged as much as 6.3%, the most since April. The three largest oil-service companies — Halliburton Co., SLB Ltd and Baker Hughes — all jumped. US Energy Secretary Chris Wright plans to talk this week with oil-industry executives, according to people familiar with the matter.

- Eli Lily (LLY) stocks are tumbled — bucking the broader market’s advance — with a gauge of the group falling the most in nearly five months. The S&P 500 Pharmaceutical Index (S5PHAR) is down as much as 2.7%, its biggest intraday drop since Aug. 7

- Versant (VSNT) the parent of CNBC, USA and other cable-TV networks, fell 13% in its first official day of trading after being spun off from Comcast. The shares closed at $40.57 in New York, giving the company a stock market value of $5.85 billion based on 144.2 million shares outstanding. Comcast distributed the shares, which trade under the symbol VSNT on the Nasdaq exchange, to its investors on Jan. 2.

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