MARKET PULSE-Vanda, Sarepta, InterOil, Rackspace, Harvest Natural

Tue Nov 12, 2013 3:57pm EST
 
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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/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...