BUZZ-U.S. Stocks on the Move-Tim Hortons, Digital Ally, Life Time Fitness
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) The S&P 500 vaulted above 2,000 for the first time on Monday, with financials and biotechnology stocks lifting the benchmark index to a new record as investors bet on equities as a preferred asset over bonds. The Dow Jones industrial average was up 0.50 percent at 17,086.21 and the S&P 500 was up 0.48 percent at 1,997.92.
** REGADO BIOSCIENCES INC, $1.14, -59.86 pct
The company's shares lost nearly half of their value in premarket trading, after the company stopped enrollment in a late-stage trial of its lead drug following concerns of allergic reactions.
** BURGER KING WORLDWIDE INC, $33.539, +23.71 pct
** TIM HORTONS INC, $77.29, +22.99 pct
Burger King is in talks to acquire Canadian coffee and doughnut chain Tim Hortons Inc in a deal that would create a fast food powerhouse with a market capitalization of roughly $18 billion.