BUZZ-U.S. STOCKS ON THE MOVE-Alibaba, Valeant, Macy's, Kohl's

Thu Aug 11, 2016 9:39am 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 higher on Thursday as strong labor market data and upbeat corporate earnings reports buoyed investor sentiment about U.S. economic growth. The Dow Jones Industrial Average was up 0.36 percent at 18,562.09, the S&P 500 was up 0.32 percent at 2,182.46 and the Nasdaq Composite was up 0.46 percent at 5,228.711.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $25.14, -7.98 pct

U.S. prosecutors opened a criminal investigation into the Canadian drugmaker over whether it hid from insurers its relationship with specialty pharmacy Philidor that helped boost its drug sales, WSJ reported citing people familiar with the matter.

** SHAKE SHACK INC, $38.91, -4.80 pct

The burger chain reported disappointing comparable sales that overshadowed the company's second-quarter revenue and profit beat as well as full-year guidance raise.

** ALIBABA GROUP HOLDING LTD, $92.54, +5.97 pct

** YAHOO INC, $41.55, +4.06 pct   Continued...