MARKET PULSE-Sears, Express, Oculus Innovative, OncoMed, Pandora

Wed Dec 4, 2013 9:15am 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/nex49s) U.S. stock index futures were poised for a lower open on Wednesday, after a strong reading on private payrolls bolstered investors' expectations that the U.S. Federal Reserve will wind down its massive stimulus earlier than expected. Dow Jones industrial average futures were down 0.17 percent at 15,864, S&P 500 futures were down 0.25 percent at 1,787 and Nasdaq 100 futures were down 0.28 percent at 3,466.

** CITIGROUP INC, Tuesday close $52.13, -1.63 pct premarket

** JPMORGAN CHASE & CO, Tuesday close $56.86, -0.51 pct premarket

EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros ($2.32 billion) on Wednesday for rigging financial benchmarks. The other banks penalized are Societe Generale, JPMorgan and brokerage RP Martin.

Goldman Sachs also cut its rating on Citigroup to "neutral" from "conviction list-buy."

** SEARS HOLDINGS CORP, Tuesday close $55.55, -5.47 pct premarket

Billionaire Edward Lampert's hedge fund, ESL Partners, distributed about 7.4 million shares of the U.S. retailer to investors in the fund, according to a regulatory filing on Tuesday. Following the distribution, ESL and its affiliates, including Lampert, had a stake of 48.4 percent as of Dec. 2, down from 55.4 percent as of March 19, according to filings with the U.S. Securities and Exchange Commission.

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