MARKET PULSE-CytRx, Autohome, Valero Energy Partners, OPKO Health, LabCorp
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s) U.S. stocks slid on Wednesday after legislators in Washington reached a provisional budget deal, which increased investor expectations that the U.S. Federal Reserve may wind down its stimulus in the coming months. The Dow Jones industrial average was down 0.53 percent at 15,887.88, the S&P 500 was down 0.75 percent at 1,789.17 and the Nasdaq Composite was down 0.97 percent at 4,021.096.
** CYTRX CORP, $3.98, +66.53 pct
The company said its experimental cancer drug improved survival rates in soft tissue sarcoma patients without the disease progressing, compared to chemotherapy alone.
** AUTOHOME INC, $29.74, +74.94 pct
Shares of the owner of Chinese auto websites rose as much as 83 percent in their U.S. market debut, valuing the company at about $3.2 billion.
** VALERO ENERGY PARTNERS LP, $28.01, +21.78 pct Continued...