BUZZ-U.S. STOCKS ON THE MOVE-Apple, Life Time, Cellular Dynamics
(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 lower on Friday, with the S&P 500 on track for a second week of declines, as a strong monthly jobs report heightened expectations the U.S. Federal Reserve could raise interest rates sooner than anticipated. The Dow Jones industrial average was down 0.97 percent at 17,959.16, the S&P 500 was down 0.85 percent at 2,083.16 and the Nasdaq Composite was down 0.58 percent at 4,953.887.
** APPLE INC, $128.06, +1.31 pct
** AT&T Inc, $33.387, -1.80 pct
The iPhone and iPad maker will join the Dow Jones Industrial Average on March 18, replacing AT&T Inc, S&P Dow Jones Indices said on Friday. With a market capitalization of about $736 billion, Apple is the largest publicly traded company in the world. AT&T, by contrast, has a market value of $176.5 billion.
** For an interactive graphic on how if Apple had been substituted for almost all of the Dow's 30 components, (here)
** LIFE TIME FITNESS INC, $66.12, +14.65 pct
The gym operator is in advanced talks with private-equity bidders, the Wall Street Journal reports, citing people familiar with the matter. PE firm KSL Capital Partners LLC is teaming with another firm on a potential bid, the paper reported. Continued...