BUZZ-U.S. STOCKS ON THE MOVE-Intel, J&J, Vince Holding, Spirit Airlines
(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 was set to open slightly lower on Tuesday as investor braced for a weak corporate reports for the quarter and as retail sales unexpectedly fell in June, which could raise concerns the economy was slowing again.
Dow Jones industrial average futures were down 0.13 percent at 17,876, S&P 500 futures were down 0.12 percent at 2,092 and Nasdaq 100 futures were up 0.11 percent at 4,492.75.
** JPMORGAN CHASE & CO, Monday close $68.09, -0.06 pct premarket
The biggest U.S. bank by assets reported a stronger-than-expected rise in second-quarter profit as legal and restructuring expenses declined.
** MICRON TECHNOLOGY INC, Monday close $17.61, +12.38 pct premarket
China's state-backed Tsinghua Unigroup Ltd is preparing a $23 billion bid for the U.S. memory chip maker, in what would be the biggest Chinese takeover of a U.S. company, people familiar with the matter said.
** INTEL CORP, Monday close $29.73, -0.67 pct premarket Continued...