Market Roundup (EXPE, OWW, UAL, LCC, AMR, MU)

Shares of Expedia Inc EXPE and Orbitz Worldwide Inc. OWW both dropped after Soleil Securities analyst Jake Fuller downgraded the stocks from “buy” to “hold.” Expedia shares lost around 3.1%, while Orbitz shares were down about 1% following the downgrade. Airline stocks gained along with the wider equity market. The gainers in the list included United Continental Holdings UAL, US Airways Group Inc LCC and American Airlines' parent AMR Corp AMR. The NYSE Arca Airline Index (XAL) rose about 1.10%, while the Standard & Poor's 500 Index moved up about 1.36%. Shares of Micron Technology MU surged about 4% after Lazard Capital analyst maintained a “hold” rating on the stock. MU shares have dipped 26.08% over the past 52 weeks, while the S&P 500 index has gained 11.00% in the same period. The US dollar moved down after the Institute of Supply Management's index on U.S. manufacturing for December. The ISM's factory index moved up to 57 in the previous month, versus 56.6 in November. The dollar index (DXY) gained 0.08% to 79.09, versus 79.527 earlier. Against the dollar, the euro rose about 0.1873%. Against the yen, the US dollar gained around 0.4311%. Read more from Benzinga's Markets.