MARKET PULSE-Microsoft, eBay, Mindspeed, Endocyte, Cbeyond

Wed Nov 6, 2013 3:23pm EST
 
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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 Call newsletter, link.reuters.com/buc54v)

Nov 6 (Reuters) - The Dow and S&P stock indexes rose on Wednesday, bolstered by European economic data, while the Nasdaq fell, led by losses in Tesla Motors and as investors readied for Twitter's much-anticipated IPO. The Dow Jones industrial average rose 110.01 points, the S&P 500 gained 5.92 points and the Nasdaq Composite dropped 11.19 points.

** MICROSOFT CORP, $37.88, up 3.3 pct (1:26 p.m. ET)

Shares of the world's largest software company jumped to their highest since mid-2000 on Wednesday, a day after Reuters reported that the company is closing in on appointing a new chief executive.

** EBAY INC, $53.25, up 4.2 pct (1:31 p.m. ET)

Shares of eBay Inc rose 3.58 percent to $52.91 Wednesday afternoon and investors were circling call options on the stock, with some apparently positioning for additional near-term share price gains. Overall volume on eBay consisted of 66,000 calls and 14,000 puts traded as of 1:11 p.m. EST, according to Trade Alert. Traders appear to be piling into Nov. 8 expiration calls on the stock, perhaps preparing for the price of the underlying shares to extend gains ahead of the weekend, Interactive Brokers Group equity options analyst Caitlin Duffy said in a posting on the firm's website.

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