BUZZ-U.S. STOCKS ON THE MOVE-Applied Materials, Campbell Soup, Interoil, DryShips

Fri May 20, 2016 10:52am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(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 opened higher on Friday, boosted by technology and financial stocks. The Dow Jones industrial average was up 0.64 percent at 17,547.75, the S&P 500 was up 0.72 percent at 2,054.64 and the Nasdaq Composite was up 1.20 percent at 4,769.313.

** APPLIED MATERIALS INC, $22.72, +14.11 pct

** MICRON TECHNOLOGY INC, $10.52, +4.47 pct

** BROADCOM LTD, $146.66, +2.75 pct

Applied Materials, the world's largest supplier of tools used to make semiconductor chips, forecast a higher-than-expected third-quarter profit on the back of strong demand for chips used in smartphones and solid-state drives.

** CAMPBELL SOUP CO, $60.01, -6.21 pct

The world's largest soup maker reported lower-than-expected third-quarter sales, mainly due to weak U.S. demand for its soups and V8 vegetable- and fruit-based juices, and weather-related disruptions to carrot supply.   Continued...