MARKET PULSE-Peregrine Pharma, Cracker Barrel, Merck, Flamel, Intel
June 3 (Reuters) - Some U.S. stocks on the move on Monday:
DOW HITS SESSION HIGHS, MERCK RALLIES
U.S. stocks rose on Monday, with the Dow rising to a session high on strength in blue chip names.
The Dow Jones industrial average was up 76.60 points, or 0.51 percent. The Standard & Poor's 500 Index was up 3.53 points, or 0.22 percent. The Nasdaq Composite Index was up 2.13 points, or 0.06 percent.
** APPLE INC, $447.11, down 0.5 pct (1009 ET)
Fidelity Investments' Contrafund, the largest active shareholder in Apple, cut its stake in the iPad and iPhone maker by a further 9 percent in April after expressing concern about heightened competition from rivals. Continued...