MARKET PULSE-Twitter, Office Depot, Forest Oil, athenahealth
(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) Wall Street edged lower at the open on Tuesday as investors hesitated to push the market higher, with major indexes near record levels. The Dow Jones industrial average fell 35.32 points, or 0.21 percent, to 16,495.23, the S&P 500 lost 3.86 points, or 0.2 percent, to 1,880.8 and the Nasdaq Composite dropped 11.116 points, or 0.27 percent, to 4,126.939.
** TWITTER INC, $34.97, -9.75 pct
Shares of the social media company fell after the expiration of a six-month "lock-up" period that had restricted the sale of about 470 million shares, or roughly 82 percent of the company's outstanding equity.
** OFFICE DEPOT INC, $4.8, +15.11 pct
** STAPLES INC, $12.54, -0.08 pct
The company raised its forecast for full-year adjusted operating income and said it would close at least 400 stores in the United States over two years. The company also reported better-than-expected quarterly results due to cost-cutting.
Shares of rival Staples also rose. Continued...