BUZZ-U.S. STOCKS ON THE MOVE-Dyax, Hewlett-Packard, Sears, Cyren

Wed Apr 1, 2015 8:07am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures fell on Wednesday, with investors reluctant to keep pushing shares higher after both the S&P 500 and Nasdaq closed out their ninth straight quarter of advances. Dow Jones industrial average e-mini futures were down 0.29 percent at 17,652, S&P 500 futures were down 0.34 percent at 2,053.75 and Nasdaq 100 futures were down 0.29 percent at 4,316.75.

** DYAX CORP, Tuesday close $16.755, +44.73 pct premarket

The drug developer said its experimental drug, DX-2930, to prevent hereditary angioedema attacks was found effective, compared with a placebo, in an early stage study. The drug was also assigned fast-track status by the U.S. FDA.

** UTI WORLDWIDE INC, Tuesday close $12.3, -10.73 pct premarket

The logistics company reported a wider-than-expected fourth-quarter loss, hurt by lower air and ocean freight forwarding yields and lower volumes in freight forwarding. The company also cuts its 2016 adjusted EBITDA forecast to $125 million-$150 million from $190 million-$210 million and said revenue would be hurt by the strengthening of the dollar.

** SYNNEX CORP, Tuesday close $77.25, -3.29 pct premarket   Continued...