MARKET PULSE-Tarena, Anadarko, 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 fell on Thursday afternoon, led by a sharp drop in biotech and momentum stocks. Investors were also reluctant to make big bets ahead of Friday's nonfarm payrolls report, when they will be looking for evidence that recent weather-related weakness in the economy has passed. The Dow Jones industrial average was down 0.12 percent at 16,553.22, the S&P 500 was down 0.24 percent at 1,886.33 and the Nasdaq Composite was down 1.13 percent at 4,228.20.
** TARENA INTERNATIONAL INC, $9.58, +6.44 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.
** ANADARKO PETROLEUM CORP, $98.07, +13.42 pct
** TRONOX LTD, $24.89, +1.76 pct
Anadarko Petroleum and its Kerr-McGee unit will pay $5.15 billion to resolve environmental cleanup claims stemming from the 2009 bankruptcy of paint materials maker Tronox, the biggest environmental bankruptcy settlement on record. Continued...