MARKET PULSE-Infosys, Wells Fargo, Boeing, Arqule, Dendreon
Jan 11 (Reuters) - Some U.S. stocks on the move on Friday:
WALL ST DIPS ON WELLS FARGO, BOEING
U.S. stocks dipped after a record profit at Wells Fargo failed to attract buyers and Boeing shares were pressured by two further problems with its new Dreamliner aircraft. The Dow Jones industrial average was down 0.16 percent, the S&P 500 down 0.24 percent and the Nasdaq Composite down 0.14 percent.
** 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.