MARKET PULSE-Oncolytics, RIM, Rigel, Best Buy, Allot, Clearwire, RF Micro, Nabors

Thu Dec 13, 2012 11:02am EST
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Dec 13 (Reuters) - Some U.S. stocks on move Thursday:

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U.S. stocks opened little changed on Thursday after data showed first time claims for jobless benefits fell sharply last week, but investors were cautious about making aggressive bets in the midst of ongoing "fiscal cliff" negotiations. The Dow Jones industrial average inched up 0.02 percent. The Standard & Poor's 500 Index edged down 0.04 percent. The Nasdaq Composite Index eased 0.08 percent.

** ONCOLYTICS BIOTECH INC, $3.42, up 58 pct (1055 ET)

Oncolytics Biotech said its experimental cancer drug met the main goal of stabilizing or shrinking tumors in a late-stage trial. The drug, Reolysin, when used in combination with chemotherapy drugs carboplatin and paclitaxel, shrank or stabilized tumors in 86 percent of the patients tested.   Continued...