BUZZ-U.S. STOCKS ON THE MOVE-Vince, Netflix, BlackBerry, Verifone
(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 opened lower on Friday after the August jobs report showed moderate job growth and the lowest unemployment rate in more than seven years, increasing chances the Fed could raise interest rates sooner rather than later. The Dow Jones industrial average was down 1.59 percent at 16,114.54, the S&P 500 was down 1.45 percent at 1,922.83 and the Nasdaq Composite was down 1.06 percent at 4,683.172.
** VINCE HOLDING CORP, $5.83, -37.11 pct
Apparel retailer cut full-year forecast for the second time and posted second-quarter profit below estimates for first time in seven quarters. Lower earnings forecast reflects weak trends in its domestic wholesale and direct-to-consumer channels, Barclays says, slashing PT to $5 from $14.
** NETFLIX INC, $98.43, -2.60 pct
Stock on track to record 6 straight days of losses for only the second time in more than a year. US equity markets on the backfoot with large and liquid outperformers in the tech sector firmly in the cross-hairs.
** BLACKBERRY LTD, $10.02, +1.62 pct
U.S-listes shares, $7.557, +1.30 pct Continued...