CORRECTED-BUZZ-U.S. Stocks on the Move-Alibaba, Michael Kors, Office Depot, Regeneron
(Corrects Alibaba item to show that profit matched, not missed, market estimates. The error also appeared in an earlier version.) (For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)
U.S. stock index futures ticked lower on Tuesday, with investors taking a pause following a rally that has taken major indexes to repeated records, although a sharp decline in crude oil could weigh on energy shares. Dow Jones industrial average futures were down 0.13 percent at 17,262, S&P 500 futures were down 0.19 percent at 2,007.25 and Nasdaq 100 futures were down 0.25 percent at 4,146.75.
** ALIBABA GROUP HOLDING LTD, Monday close $101.8, -2.18 pct premarket
The Chinese e-commerce giant reported quarterly results which showed non-GAAP net income rising 15.5 percent to $1.11 billion for the July-September period, meeting forecasts for the Chinese e-commerce giant's first quarterly report to Wall Street since its record-setting $25 billion listing.
** SPRINT CORP, Monday close $6.2, -13.06 pct premarket
The third-largest U.S. carrier said on Monday it would fire 2,000 employees and lowered its 2014 adjusted earnings forecast as the company attempts to cut costs and turn around several quarters of losses.
** KNIGHTSBRIDGE SHIPPING LTD, Monday close $8.28, -5.43 pct premarket Continued...