BUZZ-U.S. STOCKS ON THE MOVE-Applied Genetic, Intersil, Energy Recovery
(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 lower on Tuesday, with energy stocks falling on lower oil prices and financials hit by diminished prospects of an interest rate hike in the near term.
The Dow Jones Industrial Average was down 1.32 percent at 18,083.19, the S&P 500 was down 1.50 percent at 2,126.63 and the Nasdaq Composite was down 1.22 percent at 5,148.197.
** APPLIED GENETIC TECHNOLOGIES CORP, $8.9, -32.52 pct
The drug developer cited vendor errors for re-test study agent in XLRS study treatment for retinoschisis done in collaboration with Biogen Inc.
** INTERSIL CORP, $21.71, +9.87 pct
Renesas Electronics Corp on Tuesday said it has agreed to buy U.S. chipmaker Intersil Corp for $3.2 billion, an all-cash deal that bolsters the Japanese group's efforts to refocus the company around automotive chips.