MARKET PULSE-Verizon, Morgan Stanley, Exact Sciences, Theravance

Thu Apr 18, 2013 10:21am EDT
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April 18 (Reuters) - Some U.S. stocks on the move on Thursday:


Stocks hit session lows after a gauge of future economic activity fell in March for the first time in seven months and the pace of factory activity growth in the mid-Atlantic region unexpectedly slowed in April. The Dow Jones industrial average fell 66.02 points, or 0.45 percent, to 14,552.57, the S&P 500 lost 9.1 points, or 0.59 percent, to 1,542.91 and the Nasdaq Composite dropped 26.38 points or 0.82 percent, to 3,178.29.

** VERIZON COMMUNICATIONS INC, $51.43, up 3.8 pct (0946 ET)

The telephone company reported a higher-than-expected first-quarter profit, driven by strength in its wireless business.

** MORGAN STANLEY, $21.12, down 1.6 pct (0947 ET)   Continued...