BUZZ-U.S. Stocks on the Move-Oil stocks, SeaChange, Avago, Hawaiian Electric
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U.S. stocks fell on Thursday after European Central Bank president Mario Draghi brushed off pressure to act and said the bank would reassess the impact of its monetary policy stimulus early next year and take further action if necessary. The Dow Jones industrial average was down 0.38 percent at 17,845.43, the S&P 500 was down 0.33 percent at 2,067.55 and the Nasdaq Composite was down 0.22 pct at 4,763.39.
** AEROPOSTALE INC, $2.39, -25.08 pct
The teen apparel retailer reported its eighth straight quarterly loss, hurt by higher discounts and falling demand, and said it would close about 75 stores in the current quarter.
At least two brokerages cut price targets on Thursday.
** KINDRED BIOSCIENCES INC, $6.4, -30.74 pct
The pet drug developer said it would stop developing its experimental atopic dermatitis drug, AtoKin, for dogs due to "the rapid uptake and success" of a recently launched rival product. Continued...