BUZZ-U.S. STOCKS ON THE MOVE-Supertel, GenMark, Celanese, ServiceNow
(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 clamp-down on margin trading in China and a number of disappointing earnings reports from U.S. corporations. The Dow Jones industrial average was down 1.35 percent at 17,861.77 and the S&P 500 was down 0.99 percent at 2,084.09.
** SUPERTEL HOSPITALITY INC, $3.18, +66.49 pct
The real estate investment trust said it sold two Savannah suites hotels in Georgia this month for $7.8 million. The company said it invested $4.1 million of the proceeds in GE Capital mortgage note that matures in December.
** ADVANCED MICRO DEVICES INC, $2.48, -13.59 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.