MARKET PULSE-Spectrum Pharma, Valero Energy, Dole Food, Mellanox

Wed Mar 13, 2013 10:32am EDT
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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; for the Morning News Call newsletter,


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...