BUZZ-U.S. STOCKS ON THE MOVE-Chegg, Cytori, JPMorgan, Real Goods
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U.S. stocks were poised for a flat open on Tuesday, as the Dow and S&P 500 hold near record levels ahead of testimony by Federal Reserve Chair Janet Yellen and a flurry of economic data. Dow Jones industrial average futures were up 0.08 percent at 18,100, S&P 500 futures were down 0.01 percent at 2,106.5 and Nasdaq 100 futures were down 0.06 percent at 4,441.75.
** JPMORGAN CHASE & CO, Tuesday close $59.35, +1.72 pct premarket
The bank said on Tuesday it is aiming to save around $1.4 billion in annual expenses by cutting costs and simplifying businesses mainly in its consumer- and investment-banking units.
The firm is set to charge large institutional customers for some deposits, citing new rules that make holding money for the clients too costly, the Wall Street Journal reported, citing people familiar with the matter.
** REAL GOODS SOLAR INC,Tuesday close $0.699, -29.90 pct premarket
The solar company priced public offering of units, consisting of shares and warrants, at $0.50 per unit. The stock closed at $0.70 on Monday on the Nasdaq. Continued...