MARKET PULSE- Tesla Motors, Trina Solar, Campbell Soup, Home Depot
(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. stock index futures edged lower on Tuesday after the Dow and S&P 500 hit record highs the previous session, with a few earnings reports expected to dominate trading amid a lack of broad market catalysts. S&P 500 futures fell 3 points, Dow Jones industrial average futures 4 points and Nasdaq 100 futures 4 points.
** TESLA MOTORS INC, Monday close $121.58, down 3.2 pct premarket
U.S. regulators have launched an investigation into the luxury electric sports car maker's Model S sedan after three car fires in six weeks. The U.S. National Highway Traffic Safety Administration has opened a preliminary evaluation of the risks associated with undercarriage strikes on 2013 vehicles, the agency said on its website on Tuesday.
The company's shares have fallen 37 percent since reports of the first fire on Oct. 2. They had jumped almost five times in the seven months to their Oct. 1 close.
** HORIZON PHARMA INC, Monday close $4.47, up 23 percent premarket
** POZEN INC, Monday close $5.83, up 7.2 percent premarket
Horizon said it would buy the right to market AstraZeneca Plc's arthritis drug Vimovo in the United States for an upfront payment of $35 million. Horizon will also pay 10 percent royalty on net sales of the drug to Pozen, which licensed the drug to AstraZeneca in 2010. Continued...