MARKET PULSE-JP Morgan, Wells Fargo, Infosys, Orchard Supply

Fri Apr 12, 2013 1:42pm 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/faq23t)

April 12 (Reuters) - Some U.S. stocks on the move on Friday:

WALL ST DOWN AFTER DATA, BANKS' RESULTS; S&P UP ABOUT 2 PCT FOR WEEK

U.S. stocks fell, pulling back from record levels set a day earlier, after retail sales unexpectedly dropped last month and results from major banks failed to impress investors.

The Dow Jones industrial average was down 20.60 points, or 0.14 percent, the Standard & Poor's 500 Index was down 7.36 points, or 0.46 percent, and the Nasdaq Composite Index was down 12.95 points, or 0.38 percent.

** ORCHARD SUPPLY HARDWARE STORES, $2.19, down 44 pct (1322 ET)

The hardware and garden chain spun off from Sears Holdings Corp in 2012 has hired restructuring lawyers as it faces an impending debt payment and pursues talks with lenders, the Wall Street Journal reported. (r.reuters.com/ryx37t)

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