BUZZ-U.S. STOCKS ON THE MOVE-HCA, Five Prime, Citigroup, Valeant
(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 were set to open higher on Thursday after two days of losses as investors assessed U.S. economic data and bank earnings reports. Dow Jones industrial average futures were up 0.34 percent at 16,880, S&P 500 futures were up 0.57 percent at 1,995.25 and Nasdaq 100 futures were up 0.66 percent at 4,355.25.
** TRANSITION THERAPEUTICS INC, Wednesday close $1.93, +21.76 pct premarket
The drug developer said its experimental drug reduced severe agitation and aggression in Alzheimer's patients, citing data from a large study.
** CITIGROUP INC, Wednesday close $50.72, +2.23 pct premarket
The third biggest U.S. bank by assets reported a 51 percent rise in third-quarter profit as a fall in operating, legal and repositioning costs more than made up for lower revenue.
** GOLDMAN SACHS GROUP INC, Wednesday close $179.51, -1.26 pct premarket
The Wall Street bank reported a sharp drop in profit for the second straight quarter as bond trading revenue fell by a third amid turmoil stemming from concerns about global growth. Continued...