BUZZ-U.S. STOCKS ON THE MOVE-Facebook, Sonic, Casi Pharma, Immersion

Tue Jun 23, 2015 12:30pm 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. stocks trimmed earlier gains and were mostly negative in late morning trading after comments from Federal Reserve Governor Jerome Powell that the economy could be ready for interest rate increases twice this year. The Dow Jones industrial average was unchanged at 18,119.48, the S&P 500 was down 0.10 percent at 2,120.82 and the Nasdaq Composite was down 0.16 percent 5.145.94.

** BLACKBERRY LTD, $8.8696, -3.59 pct

The Canadian smartphone maker's U.S.-listed shares down after rising sharply in premarket trading over uncertainty about performance of the crucial software business.

For a graphic, (link.reuters.com/fyk94w)

** FACEBOOK INC, $87.037, +2.71 pct

The social media website operator's WhatsApp and Messenger apps likely to have more than 2 billion active users and generate $9 billion-$10 billion in incremental revenue by 2020, Deutsche Bank analysts said.   Continued...