MARKET PULSE-Tarena, Google, Barnes & Noble, Sgoco, BG Medicine
(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 modestly lower on Thursday, with the S&P 500 holding near its recent record, as investors exercised restraint before Friday's employment report and data suggested modest improvement in the economy. The Dow Jones industrial average was down 0.16 percent at 16,546.22, the S&P 500 was down 0.31 percent at 1,885.05 and the Nasdaq Composite was down 1.03 percent at 4,232.241.
** TARENA INTERNATIONAL INC, $10.26, +14.00 pct
Shares of the provider of IT education in China rose as much as 20 percent in their market debut, underscoring the renewed interest in Chinese stocks among U.S. investors.
The Beijing-based company's IPO was priced at $9 per American depositary share. The shares opened at $9.86 and touched a high of $10.80 on the Nasdaq on Thursday.
** GOOGLE INC Class C, $570.5, +0.62 pct
** GOOGLE INC Class A, $571, +0.51 pct
The S&P 500 now consists of 501 stocks, as the index now includes both Google Inc's Class A and Class C shares in the wake of the company's special dividend. Continued...