MARKET PULSE-Merck, Sprint, Five9, Xoma, Meru, Waters, Comscore
U.S. stocks rose on Tuesday, helped by upbeat results from companies including Merck & Co and Sprint, as well as more deal activity on the healthcare front. The Dow Jones industrial average was up 0.62 percent at 16,551.07, the S&P 500 was up 0.54 percent at 1,879.56 and the Nasdaq Composite was up 0.88 percent at 4,110.396.
** MERCK & CO, $58.41, +3.05 pct
Britain's Reckitt Benckiser Group Plc confirmed on Monday it was in talks to buy the U.S. drugmaker's consumer health business, the latest asset up for grabs in a wave of recent pharmaceutical deals.
Merck on Tuesday reported better-than-expected quarterly earnings, helped by sharply lower research spending and asset sales, but revenue came in slightly below expectations.
** SPRINT CORP, $8.18, +10.09 pct
The No. 3 U.S. mobile provider reported fewer subscribers leaving than expected and strong tablet additions, as the company undergoes a massive network overhaul in a highly competitive market. Continued...