BUZZ-U.S. STOCKS ON THE MOVE-Intel, J&J, Vince Holding, Transgenomic
(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 edged higher, trading in a narrow range, early on Tuesday as investors focus on U.S. corporate earnings and oil prices pared some losses after a steep fall earlier in the day.
At 10.25 a.m. ET, the Dow Jones industrial average was up 0.10 percent at 17,995.16. The S&P 500 was up 0.21 percent at 2,104.03 and the Nasdaq composite was up 0.44 percent at 5,094.25.
** INTEL CORP, $29.78, +0.17 pct
Bernstein cut its rating on the chipmaker's stock to "underperform" from "market perform", citing signs of weakness in its datacenter business, which it said could be "significantly more damaging" to Q2 results than the tepid PC market.
** JPMORGAN CHASE & CO, $68.53, +0.65 pct
The biggest U.S. bank by assets reported a stronger-than-expected rise in profit, helped by a drop in legal and restructuring expenses and a smaller tax bill.
** MICRON TECHNOLOGY INC, $19.46, +10.51 pct Continued...