BUZZ-US Stocks on the Move-Bluebird Bio, Yahoo, Achillion, DreamWorks
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U.S. stocks were little changed on Monday, as caution caused by turmoil in Iraq was countered by a flurry of merger activity. The Dow Jones industrial average was down 0.24 percent at 16,735.71, and the S&P 500 was down 0.17 percent at 1,932.93.
** BLUEBIRD BIO INC, $34.9, +33.77 pct
The drug developer reported positive data from an early-stage trial of its experimental gene therapy. Bluebird said the first two patients in trial did not require further cell transfusion within two weeks of a transplant with Bluebird's gene therapy, which aims to treat a blood disorder.
** YAHOO INC, $35.03, -5.17 pct
The U.S. internet company's shares were trading lower after Chinese e-commerce company Alibaba Group Holding Ltd IPO-ALIB.N said its revenue growth slowed for the year ended March 31. Yahoo has a 22.5 percent stake in Alibaba. Continued...