BUZZ-U.S. STOCKS ON THE MOVE-Monsanto, Alibaba, Checkpoint Systems

Wed Mar 2, 2016 9:17am EST
 
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(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 index e-mini futures fell on Wednesday as oil prices declined after data showed crude stockpiles in the United States touched record highs: Dow Jones industrial average futures were down 0.27 percent at 16,804, S&P 500 futures were down 0.28 percent at 1,972.5 and Nasdaq 100 futures were down 0.21 percent at 4,328.5.

** MONSANTO CO, Tuesday close $92.49, -5.03 pct premarket

The world's largest seed company slashed its earnings forecast for the year, hurt by a strong dollar and low prices for its seeds as farmers curb spending. The company said on Wednesday it now expected adjusted earnings of $4.40-$5.10 per share, compared with the $5.10-$5.60 it had forecast in December.

** ABERCROMBIE & FITCH CO, Tuesday close $29.34, +7.02 pct premarket

The teen apparel retailer reported a surprise increase in quarterly sales at established stores due to strong demand for its Hollister branded clothing in the holiday shopping season.

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