MARKET PULSE-Rice Energy, Xerox, Covidien, Kansas City Southern

Fri Jan 24, 2014 10:11am EST
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stocks fell on Friday in the wake of a selloff in emerging market assets, as expectations grew that the Federal Reserve will trim its market-friendly stimulus measures further next week. The Dow Jones industrial average was down 0.51 percent at 16,114.13, the S&P 500 was down 0.66 percent at 1,816.45 and the Nasdaq Composite was down 0.82 percent at 4,184.309.

** MICROSOFT CORP, $37.1944, +3.16 pct

The company posted a bigger-than-expected quarterly profit on Thursday, boosted by strong sales of its software and services for businesses, a solid holiday season for its new Xbox game console and Surface tablets, and a slightly lower tax bill.

** COVIDIEN PLC, $69.88, +4.58 pct

The medical devices maker posted a quarterly profit above analysts' estimates, helped by strong sales of its surgical products, especially vessel sealing and stapling devices.