BUZZ-U.S. STOCKS ON THE MOVE-Urban Outfitters, Qualcomm, Apple
(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. stock index futures fell on Tuesday, pressured by weaker-than-expected data out of China as well as ongoing concerns about debt talks in Greece. Dow Jones industrial average futures were down 1.06 percent at 17,780, S&P 500 futures were down 1.03 percent at 2,056.25 and Nasdaq 100 futures were down 0.93 percent at 4,372.25.
** APPLE INC, Monday close $127.14, -0.59 pct premarket
Apple launched its long-awaited watch on Monday, including yellow or rose gold models with sapphire faces costing up to $17,000, but some investors questioned whether Chief Executive Tim Cook's first product would be a breakaway hit.
** URBAN OUTFITTERS INC, Monday close $39.51, +6.81 pct premarket
The apparel retailer reported a better-than-expected quarterly profit as comparable sales rose for the first time in a year, helped by a recovery at the company's namesake brand and strong demand for its Free People line of clothes.
At least 14 brokerages, including Barclays, Credit Suisse, raised their price targets to as much as $49.
Janney Capital Markets analysts raised their rating to "buy". Continued...