BUZZ-U.S. STOCKS ON THE MOVE-Immunomedics, Media General, Alibaba
(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. stock index futures rose on Tuesday after weak economic data out of China bolstered hopes of more stimulus measures from the Chinese government. Dow Jones industrial average futures were up 1.56 percent at 16,370, S&P 500 futures were up 1.61 percent at 1,952.75 and Nasdaq 100 futures were up 1.54 percent at 4,258.5.
** IMMUNOMEDICS INC, Friday close $2.15, +25.12 pct premarket
The drug developer says its experimental drug, sacituzumab govitecan, continues to produce durable responses in certain patients with metastatic lung cancer in a mid-stage study.
** MEDIA GENERAL INC, Friday close $11.15, +22.87 pct premarket
** MEREDITH CORP, Friday close $45.94
Media General said it would buy diversified media company Meredith for about $2.34 billion to create the third-largest local TV station owner in the United States.