BUZZ-U.S. STOCKS ON THE MOVE-Trevena, Netflix, Axion, Dollar Tree
(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 lower on Tuesday after China's weak factory data heightened fears of a slowdown in the world's second-largest economy. The Dow Jones industrial average was down 2.35 percent at 16,139.19, the S&P 500 was down 2.26 percent at 1,927.7 and the Nasdaq Composite was down 1.88 percent at 4,686.76.
** TREVENA INC, $8.98, +49.67 pct
The drug developer said on Monday its experimental painkiller met main goal of reducing post-operative pain compared with placebo in a mid-stage study.
Wedbush Securities raises price target to $20 from $15, Cowen & Co increase by $1 to $14.
** NETFLIX INC, $107.49, -6.55 pct
Iphone maker Apple Inc is looking to move into the original programming business to compete with video streaming companies such as Netflix Inc, Variety reported on Monday.