MARKET PULSE-Acura, Formfactor, home builders, Twitter

Wed May 28, 2014 9:11am 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 down 0.01 percent at 1,909 and Nasdaq 100 futures were down 0.09 percent at 3,718.

** TWITTER INC, Tuesday close $30.51, +2.92 pct premarket

Nomura Securities raised its rating on the microblogging website's shares to "buy" from "neutral", saying advertising on Twitter is steadily becoming a bigger part of ad budgets and its revenue from outside the United States is expected to grow.

** ACURA PHARMACEUTICALS INC, Tuesday close $1.26, -15.87 pct premarket

The biotechnology company on Tuesday said the U.S. health regulator advised Acura that mid-stage study data of its experimental drug to deter the abuse of a hydrocodone/acetaminophen painkiller, are insufficient to support an intranasal abuse deterrence claim.

The hydrocodone/acetaminophen combination painkiller, widely referred to as the generic vicodin, is sold under a variety of names.