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; for the Morning News Call newsletter, 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...