BUZZ-U.S. STOCKS ON THE MOVE-Apple, Checkpoint, Finisar, Cooper Cos
(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 retreated on Friday, with the S&P 500 index poised for its second straight weekly drop, as a strong monthly jobs report fueled expectations for an interest rate hike by the Federal Reserve this year, possibly sooner than anticipated. The Dow Jones industrial average was down 1.35 percent at 17,890.07, the S&P 500 was down 1.19 percent at 2,076.13 and the Nasdaq Composite was down 0.91 percent at 4,937.563.
** APPLE INC, $127.36, +0.75 pct
** AT&T Inc, $33.495, -1.49 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)
** SUNSHINE HEART INC, $4, -25.23 pct
The company said it will halt enrolling patients in a U.S. pivotal study testing its heart device, C-Pulse system, after four of first 20 patients died. Continued...