MARKET PULSE- Eli Lilly, Tesla Motors, Vivus, Canadian Solar

Thu Oct 3, 2013 7:46am EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s) U.S. stock index futures fell on Thursday amid lingering market uncertainty as a partial U.S. government shutdown extended to a third day and leaders in Congress showed no sign of progress towards resolving the stalemate. S&P 500 futures were down 0.23 percent, Dow Jones industrial average futures were down 0.25 percent and Nasdaq 100 futures were down 0.17 percent.

** ELI LILLY AND CO, Wednesday close $50.54, up 1 pct premarket

The drugmaker said it expected to buy back about $5 billion of shares over time and maintain its dividend at least at current levels. Lilly also warned that slowing growth in key emerging markets would make it difficult to meet the company's minimum revenue goal of $20 billion in 2014.

** TESLA MOTORS INC, Wednesday close $174.99, down 3.3 pct premarket

Shares of the electric car maker fell as much as 6 percent on Wednesday after an automotive blog published images of a Model S electric sedan in flames after an accident on Tuesday morning just south of Seattle, Washington.

The blog, called Jalopnik, posted pictures and a video of the Model S fire on Wednesday. Tesla confirmed the authenticity of the images and said the car caught fire after the driver ran over a "large metallic object" causing extensive damage to the front end of the car.

** VIVUS INC, Wednesday close $10.19, up 3 pct premarket   Continued...