MARKET PULSE-Cisco, Facebook, Abercrombie, Aeropostale, Staples, AMD

Wed Nov 14, 2012 11:51am EST
 
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Nov 14 (Reuters) - Some U.S. stocks on the move on Wednesday:

(For more market insights, including options activity, click on STXNEWS/US; for the day ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/faq23t)

WALL STREET DECLINES, NASDAQ TURNS LOWER

U.S. stocks fell on Wednesday, erasing earlier gains, as strong earnings from technology bellwether Cisco weren't enough to offset investor anxiety over U.S. budget negotiations and Europe's economic troubles. The Dow Jones industrial average was down 0.40 percent at 12,704.88. The Standard & Poor's 500 Index was down 0.36 percent at 1,369.59. The Nasdaq Composite Index was down 0.11 percent at 2,880.62.

** FACEBOOK INC, $20.86, up 9.5 pct (1034 ET)

The social networking company faces a huge stock lock-up expiration on Wednesday as roughly 800 million shares become available for sale. More than 4.6 million shares had changed hands in trading before the bell by 0900 ET.   Continued...