BUZZ-U.S. STOCKS ON THE MOVE-Athersys, ServiceNow, Pros Holdings
(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 opened lower on Friday, with investors concerned over reports of a regulatory crackdown on over-the-counter margin trading in China, a move that potentially would be negative for a recently flow of money into Chinese exchanges. The Dow Jones industrial average was down 1.20 percent at 17,887.96 and the S&P 500 was down 0.83 percent at 2,087.58.
** ADVANCED MICRO DEVICES INC, $2.515, -12.37 pct
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, $1.107, -49.22 pct
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, $3.03, -26.99 pct Continued...