MARKET PULSE-Acadia Pharma, Fortinet, Rite-Aid, HP, Zumiez
April 11 (Reuters) - Some U.S. stocks on the move on Thursday:
DOW, S&P HIT RECORD HIGHS AFTER DROP IN JOBLESS CLAIMS
U.S. stocks advanced on Thursday, with the Dow and the S&P 500 climbing to fresh all-time intraday highs in late morning trade after data showed jobless claims dropped more than expected.
The Dow Jones industrial average was up 56.02 points, or 0.38 pct, at 14,859.06. The Standard & Poor's 500 Index was up 5.85 points, or 0.37 pct, at 1,593.58. The Nasdaq Composite Index was up just 0.50 of a point, or 0.02 pct, at 3,297.75.
** ACADIA PHARMACEUTICALS INC, $11.89, up 49 pct (1202 ET)
The biopharmaceutical company said data from an initial late-stage trial would be sufficient to file for approval for its experimental Parkinson's Disease drug, and that it would not need to conduct an additional trial as planned earlier. Continued...