BUZZ-U.S. Stocks on the Move-Aeterna Zentaris, Tableau, Kate Spade
(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. stocks opened little changed on Thursday as weak earnings, including from Qualcomm and Genworth Financial, were offset by market-friendly comments by European Central Bank President Mario Draghi. The Dow Jones industrial average was up 0.14 percent at 17,508.7, the S&P 500 was up 0.02 percent at 2,024.02 and the Nasdaq Composite was up 0.03 percent at 4,622.242.
** QUALCOMM INC, $70.01, -9.31 pct
The company warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe.
As many as nine brokerages cut their price targets on the stock on Thursday.
** GENWORTH FINANCIAL INC, $9.28, -34.04 pct
The mortgage insurer reported a surprise third-quarter loss, hurt by losses at its U.S. life Insurance business. Continued...