MARKET PULSE-Hilton, Faceboook, Cytrx, Genvec, Cisco, ARC Group
(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/nex49s) U.S. stocks fell for a third day on Thursday amid uncertainty over how soon the Federal Reserve will trim its market-friendly stimulus program. The Dow Jones industrial average was down 0.63 percent at 15,744.05, the S&P 500 was down 0.29 percent at 1,777.12 and the Nasdaq Composite was down 0.01 percent at 4,003.575.
** HILTON WORLDWIDE INC, $21.81, +9.05 pct
** BLACKSTONE GROUP LP, $28.87, -0.96 pct
Shares of Hilton, the world's largest hotel operator, rose 7 percent in their debut on Thursday. The shares opened at $21.30 after Blackstone raised more than $2.3 billion in the year's second-biggest IPO.
The stock was the most traded on the New York Stock Exchange with more than 22 million shares changing hands by 1:05 pm ET.
** FACEBOOK INC, $51.32, +3.93 pct
** WILLIAMS COS, $34.07, -0.79 pct Continued...