BUZZ-U.S. STOCKS ON THE MOVE-Auto stocks, Evoke Pharma, Box, Netflix
(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 mostly lower on Wednesday as investors waited for more clarity on the ongoing debt talks between Greece and its creditors even as data showed that the U.S. economy's first-quarter contraction was smaller than earlier thought. The Dow Jones industrial average was down 0.35 percent at 18,080.21, the S&P 500 was down 0.24 percent at 2,119.05 and the Nasdaq Composite was down 0.06 percent at 5,156.89.
** FORD MOTOR CO, $15.595, +1.99 pct
** GENERAL MOTORS CO, $35.46, -2.31 pct
** AUTOLIV INC, $120.3, -2.18 pct
** TESLA MOTORS INC, $265.57, -0.78 pct
** FIAT CHRYSLER AUTOMOBILES NV, $15.62, -1.08 pct
An analyst field trip to China, where auto sales are under pressure, spurred a reshuffle of Goldman Sachs' ratings, earnings forecasts and price targets across regions.
The brokerage upgraded Ford to "buy" while General Motors was stripped of its "buy" rating. U.S.-listed Autoliv was cut to "sell". Continued...