MARKET PULSE-Spectrum Pharma, Valero Energy, Dole Food, Mellanox
March 13 (Reuters) - Some U.S. stocks on the move on Wednesday: (For more market insights, including options activity, click on ; for The Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/faq23t)
WALL ST LITTLE CHANGED, RETAIL SALES SUPPORT
Wall Street started Wednesday little changed after enthusiasm over surprisingly strong retail sales was tempered somewhat by investors taking a pause after the recent rally. The Dow Jones industrial average edged up 4.03 points, or 0.03 percent, the Standard & Poor's 500 Index added 0.29 points, or 0.02 percent, and the Nasdaq Composite Index was off 0.39 points, or 0.01 percent.
** SPECTRUM PHARMACEUTICALS, $7.85, down 37 pct (0946 ET)
The company forecast a steep drop in full-year sales as it expects uptake of its biggest-selling product, colon cancer drug Fusilev, to significantly decline as cheaper generics re-enter the market.
** VELTI PLC, $2.21, down 30 pct (0946 ET) Continued...