MARKET PULSE-Best Buy, Citi, Prosensa, Sarepta, Rentrak, Alamos Gold

Thu Jan 16, 2014 3:00pm 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 fell on Thursday, with the S&P 500 pulling back from record levels following a round of disappointing earnings as financial stocks led the way lower. The Dow Jones industrial average was down 0.41 percent at 16,414.67, the S&P 500 was down 0.17 percent at 1,845.15 and the Nasdaq Composite was up 0.05 percent at 4,216.831.

** BEST BUY CO INC, $27.04, -28.03 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, $52.81, -3.96 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."

For a graphic on earnings, (link.reuters.com/cuz95v)

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