BUZZ-U.S. STOCKS ON THE MOVE-Chimerix, Iconix, Valeant, Fitbit
(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 the first day of the last trading week of the year as oil prices continued to fall due to oversupply. Dow Jones industrial average futures were down 0.40 percent at 17,379, S&P 500 futures were down 0.32 percent at 2,044.75 and Nasdaq 100 futures were down 0.16 percent at 4,603.75.
** CHIMERIX INC, Thursday close $35.57, -77.59 pct premarket
The drug developer said its oral antiviral drug for the treatment of a certain kind of infection in stem cell transplant patients did not meet the main goal in a late-stage study.
** ICONIX BRAND GROUP INC, Thursday close $7.45, -10.74 pct premarket
The owner of Umbro and Lee Cooper brands said it received an order of investigation from the Staff of the Securities and Exchange Commission related to the accounting for the formation of certain joint ventures.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Thursday close $114.11, -6.35 pct premarket Continued...