BUZZ-U.S. STOCKS ON THE MOVE-Navistar, Cott, Vascular, airline stocks
(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) Surging energy shares pushed the S&P 500 to within 16 points of its record high and the Dow above 18,000 for the first time since April, but tumbling biotech stocks capped gains on the Nasdaq. The Dow Jones industrial average was up 0.42 percent at 17,995.7, the S&P 500 was up 0.39 percent at 2,117.68 and the Nasdaq Composite was up 0.10 percent at 4,973.551.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $24.95, -13.52 pct
The Canadian drugmaker slashed its 2016 forecasts on Tuesday, as its new chief executive said he would focus on rebuilding the reputation of a "distracted organization" with a debt-loaded balance sheet.
** BIOGEN INC, $253.86, -12.41 pct
Biogen said its experimental drug for treating multiple sclerosis, a nervous system disease affecting the brain and the spinal cord, did not meet the main goal of improving some symptoms in a mid-stage study.
** RALPH LAUREN CORP, $94.31, -2.10 pct Continued...