BUZZ-U.S. Stocks on the Move-Alibaba, Dish Network, Sprint, Office Depot
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U.S. stocks opened modestly lower on Tuesday, with investors taking a pause following a rally that has taken major indexes to repeated records, while energy shares were weighed down by a sharp decline in crude oil prices. The Dow Jones industrial average was up 0.02 percent at 17,369.84, the S&P 500 was down 0.19 percent at 2,014.07 and the Nasdaq Composite was down 0.21 percent at 4,629.395.
** ALIBABA GROUP HOLDING LTD, $102.77, +0.95 pct
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.
** PRICELINE GROUP INC, $1,096.443, -8.52 pct
The online travel agency forecast fourth-quarter earnings below Wall Street's average forecast but cited no reason.
** SPRINT CORP, $5.15, -16.94 pct Continued...