MARKET PULSE-Shipping stocks, Cliffs Natural, JP Morgan, LogMeIn

Wed Mar 27, 2013 1:06pm EDT
 
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(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/jyf86t)

March 27 (Reuters) - Some U.S. stocks on the move on Wednesday:

WALL STREET RETREATS ON EURO ZONE CONCERN

U.S. stocks dipped on Wednesday as soft demand at an Italian debt auction kept concerns about the financial stability of the euro zone at the center of investor focus.

The Dow Jones industrial average dropped 40.67 points, or 0.28 percent, to 14,518.98. The Standard & Poor's 500 Index shed 3.68 points, or 0.24 percent, to 1,560.09. The Nasdaq Composite Index lost 6.93 points, or 0.21 percent, to 3,245.55.

** JP MORGAN CHASE & CO, $47.67, down 2 percent (1218 ET)

U.S. prosecutors are examining whether the bank fully alerted authorities to suspicions about fraudster Bernard Madoff, the New York Times reported, citing several people with direct knowledge of the matter.   Continued...