MARKET PULSE-China Sunergy, DSW, Galectin, Wet Seal, Americas Car-Mart

Wed May 28, 2014 8:21am 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 edged up on Wednesday, with technicals in focus and scant key items on the U.S. economic calendar, following yet another record close on the benchmark S&P 500 index. Dow Jones industrial average futures were up 0.14 percent at 16,677, S&P 500 futures were up 0.15 percent at 1,912 and Nasdaq 100 futures were up 0.17 percent at 3,727.5.

** CHINA SUNERGY CO LTD, Tuesday close $3.79, -11.61 pct premarket

The solar company reported a smaller loss in the first quarter, helped by increase in shipments to higher-margin markets like Japan and France. Net income attributable to shareholders narrowed to $14.7 million, or 99 cents per American depository share (ADS) in the quarter ended March 31, from $22.9 million, or $1.71 per ADS, a year earlier.

** GALECTIN THERAPEUTICS INC, Tuesday close $12.3, +5.04 pct premarket

The biotechnology company said it received a notice of allowance from the U.S. Patent and Trademark Office for a patent application that covers both composition claim for and uses of the company's lead experimental drug in patients with diabetic nephropathy, a type of progressive kidney disease.

** DSW INC, $32.52, -17.71 pct premarket

The shoe retailer reported first-quarter results that missed analysts' estimates, hurt by unseasonal weather and an aggressively promotional retail environment. The company also forecast fiscal 2014 adjusted earnings below the average analyst estimate.   Continued...