MARKET PULSE-Acura, Formfactor, home builders, Twitter
(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 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.