BUZZ-U.S. STOCKS ON THE MOVE-Viacom, Goodyear, Spirit Airlines, Tesla
(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 rose in morning trading on Tuesday. The Dow Jones industrial average was up 0.15 percent at 16,051.39, the S&P 500 was up 0.42 percent at 1,861.15 and the Nasdaq Composite was up 1.02 percent at 4,327.292.
** VIACOM INC, $37.545, -10.29 pct
The owner of MTV, Comedy Central, Nickelodeon and movie studio Paramount reported a steeper-than-expected drop in quarterly revenue, hurt by lower advertising sales in the United States and few hit movie releases in the period.
Also, Viacom and Snapchat have extended a deal that will allow Viacom to sell advertising on the mobile app's behalf.
** TWENTY-FIRST CENTURY FORX INC, $24.465, -0.51 pct
Twenty-First Century Fox reported lower-than-expected quarterly revenue, mainly due to a decline in DVD sales from a year ago, when "X-Men: Days of Futures Past" and "Dawn of the Planet of the Apes" were released for home viewing.