BUZZ-U.S. STOCKS ON THE MOVE-Micron Tech, Magnum Hunter, China stocks
(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 rose slightly on Friday as investors were encouraged by signals of a possible deal between Greece and its creditors that could help the country avert a debt default. The Dow Jones industrial average was up 0.50 percent at 17,979.68, the S&P 500 was up 0.09 percent at 2,104.27 and the Nasdaq Composite was down 0.30 percent at 5,097.1.
** NIKE INC, $109.51, +4.08 pct
The world's largest footwear maker reported a better-than-expected profit for the eighth quarter in a row as it sold more high-margin shoes and apparel at higher prices, and posted a surprise rise in growth of "futures orders".
At least 11 brokerages raised price targets after the company also raised its full-year currency-neutral sales forecast.
** CELLADON CORP, $1.29, -41.36 pct
The drug developer said it would suspend further development of its gene-therapy drug for heart failure, months after the treatment failed a mid-stage trial.
** MICRON TECHNOLOGY INC, $19.63, -18.28 pct Continued...