BUZZ-U.S. STOCKS ON THE MOVE-Apple, Fairchild, Qualcomm, GoPro
(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) Wall Street was led higher by Apple and energy stocks, ahead of the release of the minutes of the Federal Reserve's October meeting which are likely to underpin expectations of an interest rate increase next month. The Dow Jones industrial average was up 0.62 percent at 17,597.33, and the S&P 500 was up 0.59 percent at 2,062.59.
** FAIRCHILD SEMICONDUCTOR INTERNATIONAL INC, $19.425, +8.64 pct
** ON SEMICONDUCTOR CORP, $9.79, -8.85 pct
ON Semiconductor said it would buy the chipmaker in a $2.4 billion deal, the latest in a rapidly consolidating semiconductor industry.
** APPLE INC, $117.24, +3.12 pct
Goldman Sachs added Apple to its list of top picks in the Americas, saying that the iPhone maker's shares have the potential to rise as much as 43 pct from current levels.
** LOWE'S COS INC, $72.33, -0.71 pct Continued...