BUZZ-U.S. STOCKS ON THE MOVE-Global Blood Therapeutics, Alibaba, Banks, Steel firms

Wed Aug 12, 2015 12:05pm 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,; for the Morning News Call newsletter, Wall Street was down more than 1 percent for the second day in a row as the continued decline in the yuan exacerbated fears about a global economic slowdown. The S&P 500 hit a one-month low and briefly turned negative for the year in morning trading on Wednesday, while the Dow fell to a six-month low.

The Dow Jones industrial average was down 1.41 percent at 17,156.72, the S&P 500 was down 1.35 percent at 2,056.03 and the Nasdaq Composite was down 1.54 percent at 4,959.006.

** GLOBAL BLOOD THERAPEUTICS INC, $38.55, +92.75 pct

The company's stock opened up $34.65 in its debut and went on to touch a session high of $40.99, more than double its IPO price of $20.

** ALIBABA GROUP HOLDING LTD, $72.3, -6.52 pct

** YAHOO INC, $33.96, -5.75 pct

China's biggest e-commerce company's quarterly revenue rose 28 percent, missing analysts' estimates, with growth slowing to its lowest rate in more than three years.   Continued...