BUZZ-U.S. STOCKS ON THE MOVE-Avalanche Biotechnologies, Coty, Gap
(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 were lower on Tuesday as investors were cautious ahead of a two-day Federal Reserve meeting and as the Greek debt crisis showed no signs of abating. Dow Jones industrial average futures were down 0.29 percent at 17,745, S&P 500 futures were down 0.29 percent at 2,078 and Nasdaq 100 futures were down 0.43 percent at 4,416.5.
** AVALANCHE BIOTECHNOLOGIES INC, Monday close $38.88, -49.31 pct premarket
The eye drug developer's experimental gene therapy for a leading cause of blindness met its primary safety goal in a small mid-stage trial, while staving off vision loss.
** COTY INC, Monday close $26.05
** PROCTER & GAMBLE CO, Monday close $78.12, +0.54 pct premarket
U.S. cosmetics group Coty has won auctions to acquire three businesses from Procter & Gamble for as much as $12 billion, a source familiar with the matter told Reuters.