MARKET PULSE-Infosys, Wells Fargo, J.C. Penney, Arqule, Dendreon
Jan 11 (Reuters) - Some U.S. stocks on the move on Friday:
US STOCKS-FUTURES LITTLE CHANGED AFTER S&P HIT 5-YEAR HIGH
U.S. stock index futures were little changed, a day after the S&P 500 hit a five-year high and following higher-than-expected results from Wells Fargo. S&P 500 futures were down 0.05 percent, Dow Jones industrial average futures up 0.02 percent, and Nasdaq 100 futures up 0.07 percent at 0908 ET.
** J.C. PENNEY CO INC, $18.08, down 5.5 pct (1002 ET)
UBS Investment Research downgraded the retailer's stock to "sell" from "neutral", raising concerns about the department store owner's pricing, new shop rollout strategies and cash preservation outlook.