MARKET PULSE- Campbell Soup, Evoke Pharma, Intellipharmaceutics
(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 little changed on Tuesday after the Dow and S&P 500 hit record highs the previous session, with a handful of earnings reports dominating trading amid a lack of broad market catalysts. The Dow Jones industrial average rose 0.04 percent, while the S&P 500 lost 0.11 percent and the Nasdaq Composite dropped 0.04 percent.
** TESLA MOTORS INC, $127.78, up 5 pct (10:25 a.m. ET)
U.S. auto safety regulators have launched an investigation into the luxury electric sports car maker's Model S sedan after three car fires in six weeks. Late on Monday, the company said it would push out a software update to the Model S air suspension that will give the car more ground clearance at highway speeds, and will amend its warranty policy to cover fire damage even if it is due to driver error.
After falling sharply before the bell, Tesla shares were up 5 percent in early trade on the Nasdaq.
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, $39.48, down 6 pct (9:32 a.m. ET)
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. Continued...