CORRECTED-MARKET PULSE-Norfolk, AMD, DragonWave, Evoke Pharma, Brinker, Textron

Wed Jan 22, 2014 10:53am EST
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(Corrects Evoke Pharma item to say the company's drug is an inhaled version of an existing oral generic drug, not a new version of its drug) For more market insights, including options activity, click on STXNEWS/US; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stocks were little changed on Wednesday, as corporate earnings provided investors with little reason to buy in a stock market that has been unable to find its footing after a strong rally last year. The Dow Jones industrial average was down 0.15 percent at 16,390.62, the S&P 500 was unchanged at 1,843.76 and the Nasdaq Composite was up 0.10 percent at 4,230.136.

** COACH INC, $49.02, -6.72 pct

The company said comparable sales in North America fell 13.6 percent in the final quarter of 2013, the latest sign it is losing share in the handbag market to fast-growing rivals such as Michael Kors Holdings Ltd and kate spade.

** IBM CORP, $182.67, -3.06 pct

The world's biggest technology services company missed revenue expectations for the fourth consecutive quarter as it grappled with weakening demand for its servers and storage equipment, particularly in growth markets like China.

** FREEPORT MCMORAN COPPER & GOLD INC, $34.68, -1.64 pct   Continued...