BUZZ-U.S. STOCKS ON THE MOVE-Alibaba, Venaxis, Harman, Coach
(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) The S&P 500 opened little changed on Thursday, while the Dow rebounded after two days of sharp losses on strong labor market data, though weakness in Qualcomm QCOM.O shares in the wake of its results weighed on the Nasdaq. The Dow Jones industrial average was up 0.27 percent at 17,238.59, the S&P 500 was down 0.04 percent at 2,001.29 and the Nasdaq Composite was down 0.26 percent at 4,625.971.
** ALIBABA GROUP HOLDING LTD, $88.79, -9.81 pct
The Chinese E-commerce company's quarterly revenue fell short of analysts' expectations, showing signs of a slowdown in the company's scorching growth.
A graphic on Alibaba earnings: link.reuters.com/qex83w
** MCDONALD'S CORP, $92.44, +4.12 pct
The world's biggest fast-food chain, fresh off one of its worst financial years in decades, on Wednesday said Chief Executive Don Thompson would leave at the end of February and be succeeded by Chief Brand Officer Steve Easterbrook.