BUZZ-U.S. STOCKS ON THE MOVE-Apple, NephroGenex, GoPro, Newell
(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 little changed on Monday as investors brace for a widely expected rate hike and crude prices flirted with their 11-year lows. Dow Jones industrial average futures were up 0.07 percent at 17,273, S&P 500 futures were up 0.17 percent at 2,013.25 and Nasdaq 100 futures were up 0.06 percent at 4,541.75.
** TRINA SOLAR LTD, Friday close $9.55, +7.85 pct premarket
The Chinese solar panel maker said on Monday it received a preliminary proposal from its chief executive and Shanghai Xingsheng Equity Investment & Management Co to take the company private.
** ATARA BIOTHERAPEUTICS INC, Friday close $33.2, -36.14 pct premarket
The drug developer said it would stop developing its kidney drug after the treatment failed to meet the main goal of a mid-stage study.
** APPLE INC, Friday close $113.18, -1.30 pct premarket
Barclays and Morgan Stanley cut their price targets on the IPhone maker's stock. Morgan Stanley analysts in a note on Sunday said IPhone unit sales are expected to fall about 6 percent in FY16 as higher prices in markets outside the Americas, excluding China, and maturing smartphone penetration in developed markets weigh on upgrades and new user growth. Continued...