BUZZ-U.S. Stocks on the Move-RADA Electronic, Guess, Christopher & Banks
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U.S. stocks were little changed on Thursday, bouncing from initial losses after European Central Bank President Mario Draghi brushed off pressure for more immediate monetary policy action, saying the issue would be addressed early next year. The Dow Jones industrial average was down 0.02 percent at 17,909.44, the S&P 500 was down 0.03 percent at 2,073.72 and the Nasdaq Composite was down 0.08 pct at 4,778.65.
** AEROPOSTALE INC, $2.325, -27.12 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.
** RADA ELECTRONIC INDUSTRIES LTD, $3.37, +41.60 pct
The Israel-based defense electronics contractor said it received an order for its tactical radars from an undisclosed country. "We believe that additional leading countries and integrators will follow this selection," CEO Zvi Alon said. Continued...