BUZZ-U.S. Stocks on the Move-Gibraltar, Verisign, 58.Com

Fri Jun 27, 2014 1:41pm EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s)

U.S. stocks were flat on Friday, pointing to a week of modest losses as recent data painted a mixed picture of economic growth, though Wall Street's 2014 rally was expected to continue into the second half of the year. The Dow Jones industrial average was down 0.37 percent at 16,784.32, the S&P 500 was down 0.18 percent at 1,953.64 and the Nasdaq Composite was up 6.83 points, or 0.16 percent, at 4,385.88.

** GIBRALTAR INDUSTRIES INC, $15.005, -9.66 pct

The buildings products maker cut its second-quarter profit forecast to 14-16 cents per share from 29-32 cents, saying demand did not recover as expected after harsh winter.

Gibraltar said weakness in residential markets would continue and it does not expect to recover sales lost in the first half.

** VERISIGN INC, $49.031, -3.35 pct   Continued...