MARKET PULSE- Campbell Soup, LightInTheBox, Cardiome Pharma, Radcom
(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 edged lower on Tuesday after the Dow briefly broke above a key level for a second day and shares of Best Buy dropped on worries about its margins. The Dow Jones industrial average was down 0.11 percent, the Standard & Poor's 500 Index 0.26 percent and the Nasdaq Composite Index 0.47 percent.
** TESLA MOTORS INC, $123.94, up 2 pct (1:34 p.m. ET)
U.S. auto safety regulators have launched an investigation into the electric sports car maker's luxury Model S sedan after three car fires in six weeks, and Tesla announced it is raising the vehicle's ground clearance. The company's shares fell in premarket trading on Tuesday following the news but they were up 3.5 percent in early-afternoon dealings.
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.
** BEST BUY CO INC, $39.69, down 9 pct (1:11 p.m. ET)
The world's largest consumer electronics chain said it would be competitive on prices during the holiday season as promotional activity by rivals grows fierce, but warned it could hurt margins in the fourth quarter.