BUZZ-U.S. STOCKS ON THE MOVE-Caterpillar, Google, Apple, Terex, Exxon

Tue Aug 11, 2015 2:23pm 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,; for the Morning News Call newsletter, All three major U.S. stock indexes were down more than 1 percent on Tuesday for the first time in over a month as China's surprise devaluation of the yuan stoked fears about the health of the economy and pressured commodity-related stocks.

The Dow Jones industrial average was down 1.42 percent at 17,365.4, the S&P 500 was down 1.25 percent at 2,077.85 and the Nasdaq Composite was down 1.70 percent at 5,015.31.

** GOOGLE INC A, $686.985, +3.60 pct

** GOOGLE INC C, $655.67, +3.46 pct

The company overhauled its operating structure, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like driverless cars.

** APPLE INC, $113.5, -5.20 pct

Jefferies cut its price target on Apple to $130 from $135 on Monday, citing uncertain demand for the iPhone and a loss in investor confidence in the company's ability to grow. Apple's future growth depends on emerging markets such as China, analysts have said.   Continued...