MARKET PULSE-Peregrine Pharma, Cracker Barrel, Merck, Flamel, Intel

Mon Jun 3, 2013 9:53am 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/jav58t)

June 3 (Reuters) - Some U.S. stocks on the move on Monday:

EARLY GAINS FADE; S&P 500, NASDAQ TURN NEGATIVE

U.S. stocks early advance lost steam on Monday, with both the S&P 500 and Nasdaq turning negative.

The Dow Jones industrial average gained 31.50 points, or 0.21 percent. The Standard & Poor's 500 Index dropped 2.33 points, or 0.14 percent. The Nasdaq Composite Index dropped 10.74 points, or 0.31 percent.

** CRACKER BARREL OLD COUNTRY STORE INC, $95.6, up 7 pct (0935 ET)

The company, which owns the Steak 'n Shake and Western Sizzlin restaurants, reported third-quarter results that beat market estimates as more customers visited its stores and restaurants.   Continued...