MARKET PULSE-Steinway, Onyx Pharma, Ariad, Apple, Pandora

Mon Jul 1, 2013 12:44pm 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/zaq39t)

July 1 (Reuters) - Some U.S. stocks on the move on Monday:

WALL ST STARTS QUARTER WITH A RALLY ON UPBEAT DATA

U.S. stocks kicked off the third quarter with gains of 1 percent or more, supported by data that showed U.S. manufacturing bounced back in June and construction spending hit a four-year high. The Dow Jones industrial average wa sup 1.09 percent, the S&P 500 up 1.21 percent, and the Nasdaq Composite up 1.46 percent.

** STEINWAY MUSICAL INSTRUMENTS INC, $35.19, up 15.6 pct (1035 ET)

The 160-year-old manufacturer of pianos, saxophones and trumpets, said on Monday it had agreed to be acquired by private equity firm Kohlberg & Co. in a deal valued at about $438 million.

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