MARKET PULSE- J.C. Penney, Gain Capital, Affymetrix, Staar Surgical

Tue Apr 9, 2013 10:04am EDT
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April 9 (Reuters) - Some U.S. stocks on the move on Tuesday:


U.S. stocks edged higher at the open after encouraging economic data from China, while investors braced for corporate earnings that are expected to show only modest growth.

The Dow Jones industrial average rose 16.74 points or 0.11 percent, to 14,630.22, the S&P 500 gained 2.52 points or 0.16 percent, to 1,565.59 and the Nasdaq Composite added 6.32 points or 0.2 percent, to 3,228.58.

** J.C. PENNEY, $14.47, down 9 pct (0956 ET)

The board of J.C. Penney is facing scathing criticism from retail investors and corporate governance experts after ousting Chief Executive Ron Johnson and replacing him with his own embattled predecessor, Myron Ullman.

Hours after the switch was announced on Monday, there was at least one call for the entire board to resign, while others suggested shareholders might vote out current board members at the company's next annual meeting.   Continued...