BUZZ-U.S. STOCKS ON THE MOVE-Conatus, Red Hat, Goldman
(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 set to open sharply lower on Tuesday due to a fall in oil and copper prices on concerns about the outlook for the Chinese economy. Dow Jones industrial average futures were down 1.67 percent at 16,182, S&P 500 futures were down 1.72 percent at 1,929.25 and Nasdaq 100 futures were down 1.97 percent at 4,255.75.
** DARDEN RESTAURANTS INC, Monday close $70.27, +1.32 pct premarket
The restaurant chain operator reported better-than-expected profit and sales as changes to the menu and service at its Olive Garden restaurants attracted more customers and price hikes boosted revenue.
** CONAGRA FOODS INC, Monday close $42.4, -0.94 pct premarket
The maker of Slim Jim beef jerky and Chef Boyardee pasta reported reported a better-than-expected quarterly profit, helped by a 3.5 percent rise in sales in its commercial foods business, which makes ingredients for other manufacturers and restaurants.
** CONATUS PHARMACEUTICALS INC, Monday close $4.34, +7.60 pct premarket Continued...