BUZZ-U.S. STOCKS ON THE MOVE-LinkedIn, Microsoft, Sturm Ruger, Eleven Bio
(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 opened lower for the third straight trading day, pulled down by Microsoft, ahead of the Federal Reserve's policy meeting starting Tuesday. Dow Jones industrial average futures were down 0.15 percent at 17,840, S&P 500 futures were down 0.13 percent at 2,093.5 and Nasdaq 100 futures were down 0.37 percent at 4,449.25.
** LINKEDIN CORP $192.86, +47.13 pct
** MICROSOFT CORP $49.795, -3.27 pct
Microsoft agreed to buy LinkedIn Corp for $26.2 billion in its biggest-ever deal, combining the software giant's fast-growing cloud services business with the world's largest online network for professionals. Microsoft was the biggest drag on all three major indexes.
** SMITH & WESSON HOLDING CORP, $22.65, +5.79 pct
** STURM RUGER & CO INC, $61.42, +6.98 pct
Man armed with assault rifle pledging loyalty to Islamic State killed 50 people during a gay pride celebration at an Orlando nightclub on Sunday. Shares of the gunmakers often rise on expectations of increased sales due to fears of potential gun control policies. Continued...