BUZZ-U.S. STOCKS ON THE MOVE-Seagate, Wells Fargo, SunEdison
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U.S. stock index futures were little changed on Thursday as investors assessed quarterly earnings reports from big banks: Dow Jones industrial average futures were up 0.15 percent at 17,855, S&P 500 futures were up 0.12 percent at 2,078.5 and Nasdaq 100 futures were up 0.04 percent at 4,549.5.
** SEAGATE TECHNOLOGY PLC, Wednesday close $33.93, -12.29 pct premarket
** WESTERN DIGITAL CORP, Wednesday close $44.8, -5.56 pct premarket
Analysts at six brokerages cut price targets on Seagate's shares, after the company on Wednesday estimated Q3 revenue and gross margin below its forecast. Analysts at Craig-Hallum also cut their price target on Western Digital's stock on Seagate's gloomy estimates.
** WELLS FARGO & CO, Wednesday close $49.03, -1.04 pct premarket
The third-largest U.S. bank by assets reported a 7 percent fall in quarterly profit as it set aside more than $1 billion to cover bad loans and the bank said its energy portfolio remained under "significant stress". Continued...