BUZZ-U.S. STOCKS ON THE MOVE-Nova LifeStyle, Luxfer, Momenta, LendingClub
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U.S. stocks tumbled on Tuesday, with the S&P 500 and the Nasdaq on track for their worst day in one month, after Alcoa kicked off the earnings season on a dour note.
The Dow Jones Industrial Average was down 1.26 percent at 18,098.87, the S&P 500 was down 1.45 percent at 2,132.37 and the Nasdaq Composite was down 1.72 percent at 5,237.281.
** ALCOA INC, $28.16, -10.63 pct
The aluminum producer reported higher quarterly profit but missed expectations. The company also reported a drop in revenue as it curtailed or closed some traditional smelting operations and confronted falling prices.
** ILLUMINA INC, $137.5, -25.62 pct
The diagnostic test maker cut its third-quarter revenue estimate, citing larger than anticipated sales drop of high throughput sequencing instruments. Continued...