BUZZ-U.S. STOCKS ON THE MOVE-Netflix, Apple, HP, Salesforce, New York & Co
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The rout in U.S. stocks continued for the fourth straight day on Friday, with all three major indices down more than 1.5 percent, as fears of a China-led global slowdown were heightened after grim data overnight.
The Dow Jones industrial average was down 1.62 percent at 16,715.56, the S&P 500 was down 1.60 percent at 2,003.2 and the Nasdaq Composite was down 1.78 percent at 4,790.651.
** APPLE INC, $107.96, -4.16 pct
The iPhone maker's shares were poised for their first close in the red this year, hit by concerns of a slowdown in China, a key growth market for the company.
** HEWLETT-PACKARD CO, $28.46, +4.06 pct
Brokerages including Citi Research and JP Morgan Securities reiterated bullish stance on the No.2 PC maker. "We now believe the bad news is over and the good news is set to be communicated at its upcoming investor day on Sept. 15," Citi analyst Jim Suva wrote. Continued...