BUZZ-U.S. STOCKS ON THE MOVE-Tesaro, PrivateBancorp, Nike, Autoliv

Wed Jun 29, 2016 7:40am 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. stock index futures were higher for a second day as the initial panic surrounding Britain's vote to leave the European Union settled and investors sought out bargains. Dow Jones industrial average futures were up 0.49 percent at 17,386, S&P 500 futures were up 0.47 percent at 2,038 and Nasdaq 100 futures were up 0.54 percent at 4,304.

** TESARO INC, Tuesday close $37.21, +85.43 pct premarket

The cancer drug maker said its ovarian cancer drug met the main goal of prolonging survival in patients, without the disease worsening, in a late-stage trial, sending its shares up 69 percent in premarket trading.

** NIKE INC, Tuesday close $53.09, -1.11 pct premarket

The sportswear maker's quarterly revenue growth and its forecast for future orders missed analysts' estimates, underscoring its struggle to fend off competition from Adidas and others, especially in its home turf of North America.

** PRIVATEBANCORP INC, Tuesday close $35.93, +24.63 pct premarket

Canadian Imperial Bank of Commerce said it would buy Chicago-based PrivateBancorp in a cash-and-stock deal valued at about $3.8 billion to offer its Canadian clients access to U.S. banking services.   Continued...