BUZZ-U.S. STOCKS ON THE MOVE-Disney, Iconix, ZS Pharma, Men's Warehouse
(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 were set to open lower on Friday after data showed job growth surged in October, pointing to a stronger labor market and boosting prospects that the Federal Reserve will raise interest rates next month.
Dow Jones industrial average futures were down 0.37 percent at 17,736, S&P 500 futures were down 0.44 percent at 2,084.75 and Nasdaq 100 futures were down 0.36 percent at 4,678.25.
** WALT DISNEY CO, Thursday close $113, +0.44 pct premarket
Disney reported higher quarterly profit that beat Wall Street forecasts as cable networks including ESPN brought in higher advertising revenue and collected more fees from pay TV distributors.
Graphic-Disney's earnings: reut.rs/1CtTmY0
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Thursday close $78.77, +4.11 pct premarket
Billionaire investor Bill Ackman expressed confidence in Valeant's CEO Michael Pearson on Thursday as shares in the drugmaker fell as much as 20 percent to their lowest level since 2013. The stock plunged from $263.70 on Aug. 5 to below $80 on Thursday on scrutiny over high price markups for its drugs and accusations it used a specialty pharmacy, Philidor, to inflate revenue. Continued...