MARKET PULSE-Hertz, USA Truck, Eli Lilly, Montage, Zoltek
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) Stocks edged higher on positive job market data but pared gains as investors worried the clock was ticking for Washington lawmakers to reach deals that would avoid a government shutdown and a possible U.S. debt default. The Dow Jones industrial average was up 0.15 percent, the S&P 500 was up 0.12 percent and the Nasdaq Composite was up 0.55 percent.
** MONTAGE TECHNOLOGY GROUP LIMITED, $13.11, up 31 pct (03:37 p.m. ET)
The China-based fabless chipmaker's stock jumped 33.5 percent in debut, valuing the company at up to $166.25 million.
** ZOLTEK COS, $18.41, up 12 pct (03:35 p.m. ET)
Japan's Toray Industries Inc will buy the U.S.-based company for $600-$700 million to increase its share of the global carbon fibre market to 30 percent, the Nikkei reported.
** J.C. PENNEY CO INC, $11.09, up 10 pct (11:35 a.m. ET)
J.C. Penney Chief Executive Myron Ullman, responding to concerns about the company's liquidity, said he does not expect the retailer to need to raise cash this year. J.C. Penney shares, which fell in early trading, rebounded to rise 6 percent after CNBC reported Ullman's comment, citing a source. Continued...