MARKET PULSE-Microsoft, Furiex, Plug Power, Zynga, Life Partners
(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 rose on Tuesday, underpinned by a slew of sturdy corporate results, as the market regained its footing following its largest selloff in months a day earlier. The Dow Jones industrial average was up 0.51 percent at 15,451.86, the S&P 500 was up 0.81 percent at 1,756.03 and the Nasdaq Composite was up 0.88 percent at 4,032.
** MICROSOFT CORP, $36.47, -0.03 pct
The world's largest software maker named 22-year company veteran Satya Nadella as its next chief executive officer on Tuesday, ending a protracted search for a new leader after Steve Ballmer announced his intention to retire in August. Nadella, who led the creation of Microsoft's Internet-based, or "cloud," computing services, is only the third CEO in Microsoft's 39-year history, following co-founder Bill Gates and Ballmer.
** FURIEX PHARMACEUTICALS INC, $104.8, +127.97 pct
Shares of Furiex more than doubled in value after the company said its experimental drug significantly alleviated diarrhea and abdominal pain associated with irritable bowel syndrome in two large late-stage trials.
** MICHAEL KORS HOLDINGS LTD, $90.31, +17.79 pct Continued...