MARKET PULSE-Ambit Biosciences, BRE Properties, Deere, CGI Group
(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 down on Wednesday after a mixed bag of economic data tempered recent expectations the U.S. Federal Reserve will wind down its massive stimulus earlier than expected. The Dow Jones industrial average was down 0.34 percent at 15,860, the S&P 500 was down 0.38 percent at 1,788.37 and the Nasdaq Composite was down 0.23 percent at 4,027.868.
** SEARS HOLDINGS CORP, $50.6, -8.91 pct
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.
** FORD MOTOR CO, $16.63, +0.42 pct
** GENERAL MOTORS CO, $38.8, +1.73 pct
Major automakers reported their best U.S. sales month in six and a half years in November as aggressive discounting and the continued popularity of big pickup trucks helped trounce Wall Street forecasts. But some investors were worried that the discounts signaled a return to the unhealthy practices that eroded industry profits in the years before the global recession of 2009.
** EXPRESS INC, $19.01, -22.94 pct Continued...