MARKET PULSE-Best Buy, Citi, CEC Entertainment, Nu Skin, Tessera

Thu Jan 16, 2014 10:06am 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 News Call newsletter, link.reuters.com/nex49s) U.S. stocks opened slightly lower on Thursday, with the S&P 500 retreating from a record high as investors digested the latest batch of corporate earnings. The Dow Jones industrial average was down 0.29 percent at 16,434.61, the S&P 500 was down 0.17 percent at 1,845.22 and the Nasdaq Composite was down 0.01 percent at 4,214.3.

** GOLDMAN SACHS GROUP, $176.48, -1.27 pct

The bank reported a 21 percent drop in quarterly profit as revenue from fixed-income trading fell in what Chief Executive Lloyd C. Blankfein described as "a somewhat challenging environment."

** BEST BUY CO INC, $27.348, -27.21 pct

The world's largest consumer electronics chain reported a drop in holiday sales and forecast a bigger-than-expected decline in quarterly operating margins.

** APOLLO GLOBAL MANAGEMENT LLC, $35.52, -0.64 pct   Continued...