MARKET PULSE-Vanda, Sarepta, InterOil, Rackspace, Harvest Natural
(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/muh64v) U.S. stocks fell on Tuesday on light volume as growth-oriented sectors led the market lower, particularly energy and financials. The Dow retreated from a record close on Monday, but catalysts to drive the market higher were hard to find. The Dow Jones industrial average was down 0.41 percent, the Standard & Poor's 500 Index 0.46 percent and the Nasdaq Composite Index 0.30 percent.
** VANDA PHARMACEUTICALS INC, $12.68, up 86.8 pct (1:03 p.m. ET)
An experimental sleep disorder drug made by the company is safe and effective enough to warrant approval, a U.S. Food and Drug Administration review found.
** SAREPTA THERAPEUTICS INC, $14.02, down 61.5 pct (1:02 p.m. ET)
Sarepta was advised by the U.S. health regulator to find new ways to test its flagship treatment for a rare muscle disorder.
** DISH NETWORK CORP, $48.75, up 3 pct (10:02 a.m. ET) Continued...