BUZZ-U.S. STOCKS ON THE MOVE-Applied Genetic, Intersil, Liberty Media
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U.S. stocks fell more than 1 percent on Tuesday, with energy stocks hit by lower oil prices and financials dropping on diminished prospects of a near-term rate hike.
The Dow Jones Industrial Average was down 1.21 percent at 18,104.01, the S&P 500 was down 1.31 percent at 2,130.79 and the Nasdaq Composite was down 1.09 percent at 5,155.231.
** APPLIED GENETIC TECHNOLOGIES CORP, $9.01, -31.69 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, $21.715, +9.89 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.