BUZZ-U.S. STOCKS ON THE MOVE-Microsoft, Staar Surgical, NF Energy
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U.S. stocks fell sharply on Tuesday, with Microsoft and Caterpillar shares tumbling after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment. The Dow Jones industrial average was down 1.30 percent at 17,448.64, the S&P 500 was down 0.89 percent at 2,038.74 and the Nasdaq Composite was down 1.24 percent at 4,712.732.
** MICROSOFT CORP, $43.1333, -8.25 pct
** INTEL CORP, $34.39, -3.95 pct
Microsoft, the world's largest software company, on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong U.S. dollar.
** NF ENERGY SAVING CORP, $2.1839, +49.53 pct
The Chinese energy conservation products maker will supply equipment to China-based Gansu Coal Group's $481 million power project. Continued...