MARKET PULSE-Merck, Titan Pharma, Neutral Tandem, Synacor, Accelrys

Wed May 1, 2013 11:06am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49sfaq23t; for the Morning News Call newsletter, link.reuters.com/faq23t)

May 1 (Reuters) - Some U.S. stocks on the move on Wednesday:

WALL ST DOWN ON WEAK DATA, EARNINGS; FED ON TAP

U.S. stocks fell on Wednesday, weighed by a slew of economic data that suggested weaker-than-expected growth. The Dow Jones industrial average dropped 0.40 percent, the Standard & Poor's 500 Index fell 0.47 percent, and the Nasdaq Composite Index fell 0.56 percent.

** MERCK & CO INC, $44.76, down 5 pct (0930 ET)

The drugmaker reported disappointing first-quarter sales on a surprising downturn for its Januvia diabetes medicine, the company's biggest product and usual earnings driver, and it cut its profit forecast for the full year.

** TITAN PHARMACEUTICALS INC, $0.34, down 80 pct (0932 ET)   Continued...