MARKET PULSE- Burlington Stores, RE/MAX Holdings, Team Inc

Wed Oct 2, 2013 12:05pm EDT
 
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(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) U.S. stocks fell on Wednesday as a partial government shutdown in Washington entered a second day, adding to concerns over how soon a political compromise would be reached. The Dow Jones industrial average was down 0.70 percent, the Standard & Poor's 500 Index was down 0.58 percent and the Nasdaq Composite Index was down 0.40 percent.

** BURLINGTON STORES INC, $24.45, up 44 pct (11:18 a.m. ET)

Shares of the discount retailer rose as much as 39 percent in their market debut, valuing the Bain Capital-backed company at about $1.69 billion.

** FONAR CORP, $7.45, up 23 pct (11:23 a.m. ET)

The maker of magnetic resonance scanners said net income for fiscal 2013 jumped 49 percent to $10.3 million from a year earlier. Revenue rose 25 percent to $49.1 million.

** ZOGENIX INC, $2.33, up 20 pct (11:24 a.m. ET)   Continued...