BUZZ-U.S. STOCKS ON THE MOVE-PepsiCo, Apple, Walgreens, Twitter
(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 higher on Thursday after Beijing's efforts to halt a rout in Chinese stocks finally bore fruit and the U.S. Federal Reserve signaled it might hold off on raising interest rates. Dow Jones industrial average futures were up 0.84 percent at 17,588, S&P 500 futures were up 1.01 percent at 2,059.75 and Nasdaq 100 futures were up 1.12 percent at 4,395.
** PEPSICO INC, Wednesday close $95.61, +2.81 pct premarket
The company reported better-than-expected quarterly profit and revenue due to strong demand for its snacks and beverages in North America.
** APPLE INC, Wednesday close $122.57, +1.17 pct premarket
A federal judge has thrown out a $532.9 million award against Apple and ordered a new trial on damages, in a case where a jury found that the iPhone maker's iTunes software infringed three patents owned by a Texas company.
** WALGREENS BOOTS ALLIANCE INC, Wednesday close $85.91, +2.72 pct premarket
The drugstore chain, formed by Walgreens' takeover of Europe's Alliance Boots in December, reported a better-than-expected quarterly profit, helped by higher prescription sales and lower costs. Continued...