BUZZ-U.S. STOCKS ON THE MOVE-Avon, energy stocks, SteadyMed
(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 Dow and S&P 500 moved higher on Tuesday, helped by energy stocks and March-quarter earnings reports that topped modest expectations but did little to reduce concerns about the strong dollar. The Dow Jones industrial average was up 0.31 percent at 18,033.12 and the S&P 500 was up 0.09 percent at 2,094.39.
** JPMORGAN CHASE & CO, $63.26, +1.92 pct
JPMorgan, the biggest U.S. bank by assets, reported a 12.2 percent rise in quarterly profit as revenue from fixed-income trading rebounded.
For a graphic: here
** NOKIA OYJ, $7.91, -4.70 pct
** ALCATEL-LUCENT SA, $4.91, +12.87 pct
Nokia is in talks to buy smaller telecom equipment maker Alcatel-Lucent, a deal that would combine the industry's two weakest players but could pose challenges in cutting costs and overcoming political opposition. Continued...