BUZZ-U.S. STOCKS ON THE MOVE-Regeneron, Tesla, CVS Health, Sears
(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 Tuesday, as cautious investors doubled down on safer assets amid increasing concerns of a sustained slowdown in global economic growth. Dow Jones industrial average futures were down 1.02 percent at 15,825, S&P 500 futures were down 1.08 percent at 1,832 and Nasdaq 100 futures were down 1.32 percent at 3,911.75.
** ITC HOLDINGS CORP, Monday close $39.38, +1.52 pct premarket
Canadian utility Fortis Inc said it would buy U.S. power transmission company ITC Holdings for $6.9 billion - its biggest deal ever - to boost its exposure to regulated power markets, which have stable power prices.
** SEARS HOLDINGS CORP, Monday close $16.73, -4.36 pct premarket
Sears estimated quarterly sales below analysts' expectations, citing unseasonably warm weather and intense competition, and said it would speed up closure of at least 50 unprofitable stores in the next few months.
** SANOFI SA, Monday close $39.21, -2.17 pct premarket Continued...