MARKET PULSE- Tesla Motors, Horizon Pharma, Campbell Soup, Best Buy
(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 set to drift higher at the open 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 were flat, Dow Jones industrial average futures rose 27 points and Nasdaq 100 futures added 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.
** CAMPBELL SOUP CO, Monday close $41.81, down 8.5 pct premarket
The world's largest soup maker cut its full-year profit forecast after a drop in demand for its soups and drinks resulted in first-quarter earnings that fell far short of analyst estimates.