MARKET PULSE-Spectrum Pharma, Valero Energy, Summer Infant, Imris

Wed Mar 13, 2013 2:06pm 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 ST INCHES UP AS INVESTORS ATTEMPT TO PUSH HIGHER

U.S. stocks crept higher on Wednesday as investors attempted to extend the rally that has taken the Dow to all-time highs, buoyed by surprisingly strong retail sales that suggested the economy has traction.

The Dow Jones industrial average edged up 11.60 points, or 0.08 percent. The Standard & Poor's 500 Index gained 2.27 points, or 0.15 percent. The Nasdaq Composite Index added 4.84 points, or 0.15 percent.

** SPECTRUM PHARMACEUTICALS, $8.05, down 35 pct (1328 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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