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) Gains in Apple shares and energy stocks boosted Wall Street on Wednesday as investors awaited the release of minutes from the Federal Reserve's October meeting that were likely to underpin expectations of an interest rate hike next month. The Dow Jones industrial average was up 0.73 percent at 17,616.97, and the S&P 500 was up 0.72 percent at 2,065.16.
** APPLE INC, $117.08, +2.98 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.
** FAIRCHILD SEMICONDUCTOR INTERNATIONAL INC, $19.42, +8.61 pct
** ON SEMICONDUCTOR CORP, $9.615, -10.47 pct
ON Semiconductor said it would buy the chipmaker in a $2.4 billion deal, the latest in a rapidly consolidating semiconductor industry.