CORRECTED-BUZZ-U.S. STOCKS ON THE MOVE-Twitter, Micron, Intel, Amazon, JPMorgan
(Corrects item on Matrix to "gave a 2016 profit forecast that was much higher than its 2015 forecast" from "raised its 2016 profit forecast") Wall Street was higher on Tuesday, adding to three days of gains, as energy stocks rallied and Micron Technologies led tech stocks higher on reports of buyout interest.
At 12:26 a.m. ET, the Dow Jones industrial average was up 0.33 percent at 18,036.37. The S&P 500 was up 0.38 percent at 2,107.52 and the Nasdaq composite up 0.65 percent at 5,104.57.
** TWITTER , $36.92, +3.19 pct
The stock jumped as much as 8.5 percent after a report, purportedly from Bloomberg, said the company had received a $31 billion buyout offer. The stock quickly gave up most of its gains after Bloomberg said the report was fake and Twitter said it had not receive any offer.
** INTEL CORP, $29.6715, -0.20 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.