BUZZ-U.S. STOCKS ON THE MOVE-Allergan, Marvell, Lumber Liquidators
(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 was lower on Tuesday as investors fretted over renewed uncertainties about the Federal Reserve's plan to raise interest rates this year. The Dow Jones industrial average was down 0.52 percent at 17,644.96, the S&P 500 was down 0.82 percent at 2,049.28 and the Nasdaq Composite was down 0.77 percent at 4,854.289.
** ALLERGAN PLC, $233.95, -15.71 pct
** PFIZER INC, $31.36, +2.08 pct
The U.S. Treasury Department took new steps to curb tax-avoiding corporate "inversions," with the pending $160 billion merger of Pfizer and Allergan seen as a potential casualty.
** MARVELL TECHNOLOGY GROUP LTD, $10.705, +11.28 pct
The chipmaker's chief executive and president are stepping down, two months after activist investor Starboard Value LP disclosed a stake in the chipmaker and said its shares were undervalued.