BUZZ-U.S. STOCKS ON THE MOVE-Twitter, Micron, Intel, Amazon, JPMorgan
(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 higher in early afternoon trading on Tuesday, led by a rally in healthcare stocks and as energy stocks rose after oil prices recovered on easing fears of higher crude supplies due to the Iran nuclear deal.
At 2:06 p.m. ET, the Dow was up 0.37 percent at 18,044.84. The S&P 500 was up 0.39 percent at 2,107.88 and the Nasdaq was up 0.7 percent at 5,106.90.
** TWITTER , $36.955, +3.28 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, $29.59, -0.47 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.