MARKET PULSE-Quiksilver, Hillshire Brands, Krispy Kreme, casino operators

Tue Jun 3, 2014 10:00am 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. stocks edged lower at the open on Tuesday after the S&P and Dow closed at a record high and ahead of data on April durable goods and factory orders. The Dow Jones industrial average was down 0.18 percent at 16,713.58 and the S&P 500 was down 0.12 percent at 1,922.57.

** QUIKSILVER INC, $3.24, -44.04 pct

The apparel and accessories retailer reported a bigger quarterly loss, hurt by lower wholesale sales in North America and Europe.

** PROSENSA HOLDING NV, $10.82, +2 pct

The company said the U.S. Food and Drug Administration had outlined a regulatory path for the accelerated approval of its lead drug. The drug, drisapersen, is being developed to treat Duchenne muscular dystrophy - a muscle-wasting disorder that affects one in every 3,500 newborn boys - that has no available cure.

** CLOVIS ONCOLOGY INC, $40.82, -14.51 pct

Brokerage Citigroup cut its rating on the drugmaker's stock to "neutral" from "buy". Clovis said on Monday that 22 percent of patients in an early stage study testing its experimental lung cancer drug experienced high-blood sugar severe enough to warrant treatment.   Continued...