MARKET PULSE-Lexicon Pharma, Trina Solar, Wells Fargo, Citigroup

Mon Apr 14, 2014 7:49am EDT
 
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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. stock index futures were slightly lower on Monday. Dow Jones industrial average futures were down 0.18 percent at 15,952, S&P 500 futures were up 0.09 percent at 1,813.3 and Nasdaq 100 futures were unchanged at 3,444.

** LEXICON PHARMACEUTICALS INC, Friday close $1.59, +25.79 pct premarket

The company said its experimental drug to treat diabetes met the main goal of reducing the use of insulin at meal times in a mid-stage study on patients with type 1 diabetes.

** TRINA SOLAR LTD, Friday close $11.56, -5.02 pct premarket

The Chinese solar company estimated it shipped lower-than-expected solar modules in the first quarter due to a fall in shipments to the EU ahead of an agreement on a new minimum import price.

** WELLS FARGO & CO, Friday close $48.08

The biggest U.S. mortgage lender reported a higher-than-expected 14 percent rise in first-quarter net profit, as a series of cost cuts and one-time gains helped the bank offset the lowest volume of home loans it made in five and a half years. [ID: nL2N0N30PA]   Continued...