BUZZ-U.S. STOCKS ON THE MOVE-Valeant, DryShips, Biogen, LDR, Erickson

Tue Jun 7, 2016 9:54am EDT
 
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(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 were little changed on Tuesday as gains in energy and IT companies were offset by tumbling healthcare shares, a day after Federal Reserve Chair Janet Yellen painted a mostly positive picture of the economy. The Dow Jones industrial average was up 0.29 percent at 17,972.93, the S&P 500 was up 0.15 percent at 2,112.64 and the Nasdaq Composite was unchanged at 4,968.81.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $22.89, -20.66 pct

The Canadian drugmaker, under scrutiny for business and accounting practices, reported a lower-than-expected quarterly profit and cut its full-year earnings and revenue forecast.

** RALPH LAUREN CORP, $89.05, -7.56 pct

The luxury fashion retailer said it would cut jobs, close stores and reduce its real estate as part of a sweeping plan to lower costs and revive sales growth.

** SAREPTA THERAPEUTICS INC, $20.65, +28.66 pct   Continued...