BUZZ-U.S. Stocks on the Move-Dresser-Rand, Gilead Sciences, Yahoo
(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) U.S. stock index e-mini futures rose on Friday: Dow Jones industrial average futures were up 0.34 percent at 17,319, S&P 500 futures were up 0.25 percent at 2,017.25 and Nasdaq 100 futures were up 0.29 percent at 4,115.5.
** YAHOO INC, Thursday close $42.085, +2.13 pct premarket
** AMAZON.COM INC, Thursday close $325, +0.76 pct premarket
Alibaba Group Holding Ltd IPO-BABA.N, in which Yahoo owns stake, priced its initial public offering at $68 per share, the top end of the expected range, raising $21.8 billion on Thursday, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut. At that price, the IPO, one of the largest ever, would give Alibaba a market valuation of $167.6 billion.
At least three brokerages raised their price targets on Yahoo's stock. Cantor Fitzgerald raised its target to $43 from $39, while Jefferies raised it to $46.50 from $45. Piper Jaffray raised its price target to $48 from $44.
Shares of online retailer Amazon.com also rose.
** DRESSER-RAND, Thursday close $73.03, +11.95 pct premarket Continued...