MARKET PULSE-Deckers, MGIC, Superior Industries, Foster Wheeler

Fri Mar 1, 2013 1:19pm EST
 
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(For more market insights, including options activity, click on STXNEWS/US; for the Day Ahead newsletter link.reuters.com/mex49s; for The Morning News Call newsletter, link.reuters.com/faq23t)

March 1 (Reuters) - Some U.S. stocks on the move on Friday:

US STOCKS-STRONG DATA LIFTS WALL ST, TRUMPS SEQUESTER FEARS

U.S. stocks edged higher on Friday as strong economic figures more than offset growth concerns out of China and Europe and as investors shrugged off expected across-the-board U.S. goverment spending cuts. The Dow Jones industrial average added 38.09 points, the S&P 500 gained 3.4 points and the Nasdaq Composite added 7.68 points.

** BEST BUY CO INC, $16.52, up 1 pct (1231 ET)

Best Buy and founder Richard Schulze have ended their talks after Schulze and private equity investors sought three board seats in exchange for taking a minority stake in the company, a source familiar with the matter said on Friday.

The world's largest consumer electronics chain posted quarterly results. Best Buy lost $409 million, or $1.21 per share, in the fourth quarter ended Feb. 2, compared with a loss of $1.82 billion, or $5.17 per share, a year earlier.   Continued...