MARKET PULSE-Best Buy, Citi, Nu Skin, Tessera, Sarepta, Rentrak

Thu Jan 16, 2014 11:55am 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 modestly came off their fresh highs from a day earlier in the wake of a stunning drop on Thursday shares of retailer Best Buy. Financials stocks also weighed on the Dow and S&P indexes. The Dow Jones industrial average was down 0.43 percent at 16,411.62, the S&P 500 was down 0.22 percent at 1,844.28 and the Nasdaq Composite was down 0.04 percent at 4,213.382.

** BEST BUY CO INC, $27.22, -27.55 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.

** CITIGROUP INC, $52.593, -4.36 pct

The third-largest U.S. bank posted a lower-than-expected quarterly profit as the bank's fixed-income revenue declined in a "challenging trading environment."

** GOLDMAN SACHS GROUP, $175.02, -2.09 pct   Continued...