BUZZ-U.S. STOCKS ON THE MOVE-Skechers, Whole Foods, Facebook, Fiat
(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 opened lower on Thursday after data showed that the U.S. economy grew at a slower pace than expected in the second quarter. The Dow Jones industrial average was down 0.53 percent at 17,657.75, the S&P 500 was down 0.55 percent at 2,097.06 and the Nasdaq Composite was down 0.55 percent at 5,083.484.
** SKECHERS USA INC, $141.58, +10.23 pct
The sports shoe maker and retailer reported better-than-expected 36 percent rise in revenue for the second quarter, helped by pent-up demand following the end of labor disruptions at U.S. West Coast ports and increased shipments of back-to-school items.
** WHOLE FOODS MARKET INC, $35.98, -11.86 pct
The supermarket chain company said on Wednesday same-store sales growth cooled again in the third quarter, hurt by competition and an overcharging scandal in its New York City stores.
** QORVO INC, $60.5199, -14.12 pct Continued...