MARKET PULSE-AOL, Whole Foods, Corcept, Aegerion, Electronic Arts
(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 at the open on Wednesday, on the heels of the biggest drop in the S&P 500 since mid-April, as earnings season winds down and ahead of congressional testimony from Federal Reserve Chair Janet Yellen.
The Dow Jones industrial average rose 77.23 points, or 0.47 percent, to 16,478.25, the S&P 500 gained 6.26 points, or 0.34 percent, to 1,873.98 and the Nasdaq Composite added 2.104 points, or 0.05 percent, to 4,082.863.
** WHOLE FOODS MARKET INC, $37.73, -21.31 pct
The company cut its 2014 same-store sales and earnings forecast for the third time amid rising competition in the natural and organic grocery sector that it dominates.
** CORCEPT THERAPEUTICS INC, $2.025, -49.63 pct
The company said it would stop a late-stage trial of its drug for depression after an interim analysis suggested the study was unlikely to be successful.