MARKET PULSE- Tower Group, tech stocks, Agenus, Jamba, Seaspan, Arrowhead
(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 dipped on Tuesday, with the year's biggest gainers taking the hardest hits, as the lack of tangible signs of resolution of the fiscal crisis in Washington prompted a flurry of selling.
The Dow Jones industrial average was down 0.51 percent, the S&P 500 0.65 percent and the Nasdaq Composite 1.34 percent.
** TOWER GROUP INTERNATIONAL LTD, $4.28, down 42 pct (12:29 p.m. ET)
Tower Group's stock fell to a life-time low after the company tripled its loss reserve to about $365 million, much higher than the property and casualty insurer indicated.
** YAHOO INC, $32.51, down 4.77 pct (12:42 p.m. ET)
** FACEBOOK INC, $47.62, down 5.8 pct (12:42 p.m. ET)
** GOOGLE INC, $856.03, down 1.12 pct (12:42 p.m. ET) Continued...