BUZZ-U.S. STOCKS ON THE MOVE-Lpath, Sarepta, Aveo, Dycom
(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) Wall Street was set to open little changed on Wednesday with investors cautious ahead of the release of minutes from last month's Federal Reserve meeting, which is expected to shed light on when interest rates will be hiked. Dow Jones industrial average futures were up 0.14 percent at 18,309, S&P 500 futures were up 0.07 percent at 2,126 and Nasdaq 100 futures were up 0.16 percent at 4,508.5.
** LPATH INC, Tuesday close $1.71, -75.60 pct premarket
The company said it would reduce its workforce and cut costs as its experimental drug failed a mid-stage study in patients with wet age-related macular degeneration, a leading cause of blindness in the elderly.
** SAREPTA THERAPEUTICS INC, Tuesday close $16.38, +46.21 pct premarket
The drugmaker says to begin "rolling submission" of marketing application for experimental muscle disorder drug eteplirsen.
** AMERICAN EAGLE OUTFITTERS INC, Tuesday close $15.74, +8.01 pct premarket Continued...