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

Wed May 1, 2013 1:01pm EDT
 
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(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 SLIPS ON WEAK DATA, DECLINING MATERIALS SHARES

U.S. stocks fell on Wednesday after a batch of economic data indicated weaker-than-expected growth in the world's top economies a day after the S&P 500 index closed at a record high. The Dow Jones industrial average dropped 0.45 percent, the Standard & Poor's 500 Index fell 0.42 percent, and the Nasdaq Composite Index fell 0.48 percent.

** MERCK & CO INC, $45.95, down 2 pct (1215 ET)

The drugmaker reported a surprising drop in quarterly sales of diabetes medicine Januvia, its biggest product and a frequent driver of quarterly earnings, and cut its full-year profit forecast on Wednesday.

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