MARKET PULSE- Tower, Talisman, J C Penney, Jamba, CombiMatrix
(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 were poised for a flat open on Tuesday on faint signs of progress to resolve the fiscal standoff in Washington, although an agreement still remained elusive.
S&P 500 futures were up 1.1 points, Dow Jones industrial average futures up 9 points and Nasdaq 100 futures up 4.5 points.
** TOWER GROUP INTERNATIONAL LTD, Monday close $7.41, down 24 pct premarket
The company said it expects to increase its loss reserves by about $365 million, much higher than what the property and casualty insurer previously indicated.
** J.C. PENNEY CO INC, Monday close $7.71, up 8 pct premarket
The struggling retailer reported a rise in same-store sales for September compared with August and said it was seeing positive signs in many areas of its business.