BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Marriott, Chipotle, Marvell

Fri Apr 1, 2016 10:00am EDT
 
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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. stocks opened lower on Friday after data showed employers added more jobs than expected in March, a sign of economic resilience that could encourage the Federal Reserve to raise interest rates this year. The Dow Jones industrial average was down 0.48 percent at 17,599.49, the S&P 500 was down 0.56 percent at 2,048.22 and the Nasdaq Composite was down 0.42 percent at 4,849.34.

** TESLA MOTORS, $240.35, +4.60 pct

The company gave a sneak preview Thursday of its Model 3 sedan, saying more than 130,000 people had ordered the car, even though it is more than a year away from production.

Shares surge as Model 3 orders speed past estimates

** STARWOOD HOTELS & RESORTS WORLDWIDE INC, $79.85, -4.29 pct

** MARRIOTT INTERNATIONAL INC, $67.668, -4.93 pct

China's Anbang Insurance Group Co said on Thursday it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide, paving the way for Marriott to buy the Sheraton and Westin hotels operator.   Continued...