BUZZ-U.S. STOCKS ON THE MOVE-Alibaba, Fitbit, Zynga, Chesapeake

Thu May 5, 2016 9:11am EDT
 
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U.S. stocks looked set to open higher on Thursday, after three straight days of losses, as oil prices rose for the first time this week, and investors awaited the monthly jobs data on Friday: Dow Jones industrial average futures were up 0.20 percent at 17,616, S&P 500 futures were up 0.22 percent at 2,051.5 and Nasdaq 100 futures were up 0.25 percent at 4,320.5.

** ALIBABA GROUP HOLDING LTD, Wednesday close $75.82, +5.41 pct premarket

China's biggest e-commerce company reported a better-than-expected 39 percent rise in fourth-quarter revenue, helped by growth in gross merchandise volume.

** WHOLE FOODS MARKET INC, Wednesday close $28.51, +2.10 pct premarket

The natural and organic grocery chain on Wednesday reported better-than-expected quarterly earnings as it controlled costs while lowering prices in the face of stiff competition from a bevy of retail rivals.

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