MARKET PULSE-Oxygen, NQ Mobile, Biofuel, Gentiva, Hertz, ExlService
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; the Morning Call newsletter, r.reuters.com/vut44v) U.S. stocks seesawed between modest gains and losses on Tuesday following two days of gains on Wall Street as investors weighed the implications of strong economic data for the path of monetary policy over the next several months. The Dow Jones industrial average was up 0.01 percent at 15,641.32. The Standard & Poor's 500 Index was down 0.10 percent at 1,766.12. The Nasdaq Composite Index was up 0.21 percent at 3,944.89.
** OXYGEN BIOTHERAPEUTICS INC, $8.68, up 69 pct (03:17 p.m. ET)
The medica products maker's stock price doubled on Tuesday morning, continuing its rise that began on Oct. 30, when Oxygen said a Duke Clinical Research Institute analysis of data from 14 independent clinical trials on the use of its drug, levosimendan, showed the drug is associated with reduced mortality in patients undergoing heart surgery.
** NQ Mobile Inc, $9.66, down 19.1 pct (12:24 p.m. ET)
The Chinese mobile security software company continues to be hurt by Muddy Waters Research Group's allegations of being a "massive fraud."
The firm said on Thursday at least 72 percent of NQ's purported 2012 revenue from sales of its security products in China was fictitious, coming from a shell company called Yidatong that Muddy Waters alleged was controlled by NQ. The firm also said NQ's cash balances were "highly likely to not exist."
** EXLSERVICE HOLDINGS INC, $23.41, down 19.4 pct (01.49 p.m. ET) Continued...