BUZZ-U.S. STOCKS ON THE MOVE-Aduro, Molycorp, Smith & Wesson
(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 rose higher on Wednesday as earnings from major companies beat lowered expectations and investors' worries about a poor quarterly season receded. The Dow Jones industrial average was up 0.23 percent at 18,078.67 and the S&P 500 was up 0.37 percent at 2,103.64.
** INTEL CORP, $32.855, +4.33 pct
The chipmaker forecast revenue broadly in line with Wall Street's expectations and signaled a hefty cut in capital expenditures this year.
** ADURO BIOTECH INC, $34.87, +105.12 pct
The cancer immunotherapy company's shares double after pricing upsized offering. The company offered 7 million shares, up from 5 million, at $17, above original filed range of $14-$16.
** MOLYCORP INC, $0.89, +65.95 pct Continued...