BUZZ-U.S. STOCKS ON THE MOVE-Discovery Labs, Professional Diversity
(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 pointed to a lower opening on Friday on investor concerns over reports of a regulatory clampdown on trading in China, a move that potentially would be negative for a recently flow of money into Chinese exchanges. economic reports. Dow Jones industrial average futures were down 0.88 percent at 17,882, S&P 500 futures were down 0.70 percent at 2,086 and Nasdaq 100 futures were down 0.85 percent at 4,377.75.
** ADVANCED MICRO DEVICES INC, Thursday close $2.87, -11.85 pct premarket
The U.S. chipmaker reported a bigger-than-expected adjusted loss and a steep fall in sales for the first quarter and said it expected weak demand for personal computers to continue for some time.
** ATHERSYS INC, Thursday close $2.18, -52.75 pct premarket
The drug developer said its cell therapy failed in a mid-stage study testing it as a treatment for a type of stroke, sending its shares down more than 50 percent in premarket trading.
** PROFESSIONAL DIVERSITY NETWORK INC, Thursday close $4.15, -27.47 pct premarket Continued...