BUZZ-U.S. STOCKS ON THE MOVE-GE, Twitter, Contravir Pharma
(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 indexes rose on Monday, after a disappointing U.S. jobs report on Friday hardened views that the Federal Reserve will not raise interest rates this year. The Dow Jones industrial average was up 0.98 percent at 16,633.05, the S&P 500 was up 1.07 percent at 1,972.24 and the Nasdaq Composite was up 0.93 percent at 4,751.338.
** GENERAL ELECTRIC CO, $26.455, +3.87 pct
Nelson Peltz's Trian Fund Management said it had bought $2.5 billion in shares of the industrial conglomerate since May, making it one of the company's top 10 shareholders. GE is now Trian's largest investment with a beneficial ownership of 98.5 million shares, or a roughly 1 percent stake.
** SPARK THERAPEUTICS INC, $55.0801, +25.38 pct
The drug developer said its experimental gene therapy met its main goal of improving vision in patients with a type of inherited eye disorder, in late-stage study.
** TWITTER INC, $26.68, +1.41 pct Continued...