MARKET PULSE-Zale, Saks, Baltic Trading, Multiband, CVR Partners
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, click on )
May 22 (Reuters) - Some U.S. stocks on the move on Wednesday:
WALL STREET RISES AS CONCERN EASES OVER FED TAPERING
U.S. stocks rose, giving up some gains after an initial rally, after Federal Reserve Chairman Ben Bernanke said the central bank needed to see further signs of traction in the economy before it tapered its economic stimulus efforts.
The Dow Jones industrial average was up 0.42 percent, the S&P 500 0.36 percent and the Nasdaq Composite 0.23 percent.
** SAKS INC, $15.51, up 14 pct (1020 ET)
The luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a sale, the New York Post reported, citing a source briefed on the matter. Continued...