BUZZ-U.S. STOCKS ON THE MOVE-HP, Stage Stores, Aduro, Guess
(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 slightly higher in quiet trading on Wednesday morning, led by healthcare and consumer stocks after a flood of data that suggested that the U.S. economy was growing modestly. The Dow Jones industrial average was up 0.04 percent at 17,820.04, the S&P 500 was up 0.01 percent at 2,089.28 and the Nasdaq Composite was up 0.18 percent at 5,112.075.
** HP INC, $12.65, -13.59 pct
** HEWLETT PACKARD ENTERPRISE CO, $14.17, +3.51 pct
HP Inc, which houses former Hewlett-Packard Co's legacy printer and PC business, forecast adjusted profit for the first quarter below market expectations as it struggles with weak sales of PCs and printers.
Hewlett Packard Enterprise, which is headed by Meg Whitman and holds the corporate hardware and services businesses, maintained its adjusted profit forecast for the year.
** ABENGOA AG, $2.21, -52.47 pct
Heavily indebted engineering Spanish firm Abengoa is seeking creditor protection after a new investor backed out of injecting fresh equity. Continued...