MARKET PULSE-Spectrum Pharma, Valero Energy, Atossa Genetics, Imris

Wed Mar 13, 2013 1:02pm 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 link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/faq23t)

WALL STREET DIPS AS INVESTORS PAUSE AFTER RALLY

U.S. stocks edged lower on Wednesday as investors paused after a recent rally, despite data showing retail sales rose more than expected in February.

The Dow Jones industrial average slipped 7.26 points, or 0.05 percent. The Standard & Poor's 500 Index edged down just 0.41 of a point, or 0.03 percent. The Nasdaq Composite Index was off 2.72 points, or 0.08 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.

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