MARKET PULSE-Neurocrine, Convergys, Cray, Affymetrix, Plug Power
U.S. stocks opened higher on Tuesday, rebounding after three days of losses, as a declining U.S. trade deficit and upbeat data on the German labor market set a positive tone. The Dow Jones industrial average was up 0.73 percent at 16,545.13, the S&P 500 was up 0.64 percent at 1,838.37 and the Nasdaq Composite was up 0.84 percent at 4,148.399.
** NETFLIX INC, $343.15, -4.57 pct
** AMAZON.COM INC, $396.52, +0.73 pct
Amazon is teaming up with Samsung Electronics Co Ltd and major media corporations including Warner Bros and Lionsgate to popularize "4K" ultra high-definition television. The company did not outline specifics on the collaboration.
Netflix shares fell as the company competes with Amazon's Instant Video service that serves up thousands of movies and TV programs.
Brokerage Morgan Stanley on Tuesday downgraded Netflix to "underweight", according to Benzinga.com.