BUZZ-U.S. STOCKS ON THE MOVE-Celanese, ServiceNow, AMD, CytRx
(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) Wall Street opened sharply lower on Friday, with the major indexes falling 1 percent or more, on investor concerns over a clampdown on margin trading in China and a number of disappointing earnings reports from U.S. corporations. The Dow Jones industrial average was down 1.44 percent at 17,844.32 and the S&P 500 was down 1.07 percent at 2,082.56.
** ADVANCED MICRO DEVICES INC, $2.46, -14.29 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, $1.3188, -39.50 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.
** CELANESE CORP, $66.55, +14.47 pct Continued...