MARKET PULSE-Conatus Pharma, Oncomed, Tesla, Abercrombie & Fitch
(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 poised to open lower on Tuesday, indicating the S&P 500 may fall for a third consecutive day on concerns a scale-back in stimulus by the Federal Reserve may be on the horizon.
Dow Jones industrial average futures were down 0.46 percent at 15,925, S&P 500 futures were down 0.37 percent at 1,793 and Nasdaq 100 futures were down 0.17 percent at 3,477.
** APPLE INC, Monday close $551.23, +1.26 pct premarket
The i-Phone maker has acquired social media search and analytics startup Topsy, an unusual purchase for a hardware-focused company that has made few forays into social networking.
** TWITTER INC, Monday close $40.78, -0.32 pct premarket
Some of the five lead underwriters of the social media company's initial public offering said it might not achieve Facebook-like scale and its stock may not rise much.
** ABERCROMBIE & FITCH CO, Monday close $34.02, +1.47 pct premarket Continued...