BUZZ-U.S. STOCKS ON THE MOVE-Twitter, Mylan, Expedia, TripAdvisor
(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 sank at the open on Thursday as doubts regarding the health of the global economy saw investors fleeing to safe haven assets. The Dow Jones industrial average was down 1.26 percent at 15,714.15, the S&P 500 was down 1.20 percent at 1,829.67 and the Nasdaq Composite was down 0.83 percent at 4,247.953.
** TWITTER INC, $14.4, -3.87 pct
The company reported its first quarter with no growth in users since it went public, stoking fresh concerns on how long it will take for the company to reverse the trend.
** MYLAN NV, $42.63, -15.65 pct
The generic drugmaker said it would acquire Meda AB in a $7.2 billion cash-and-stock deal in its third attempt to buy the Swedish company. At least 3 brokerages cut PT.
** EXPEDIA INC, $99.09, +5.02 pct Continued...