BUZZ-U.S. STOCKS ON THE MOVE-Gap, Valeant, Mallinckrodt, SciClone, Arch Coal
(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 lower on Tuesday, a day after Wall Street suffered its steepest drop in six weeks as investors braced for an interest-rate hike and fretted about China's economic health.
Dow Jones industrial average futures were down 0.18 percent at 17,644, S&P 500 futures were down 0.21 percent at 2,068.75 and Nasdaq 100 futures were down 0.41 percent at 4,633.75.
** GAP INC, Monday close $27.69, -7.01 pct premarket
The apparel retailer reported lower-than-expected Q3 sales, hurt by a strong dollar, while October comparable sales fell much more than expected due to a steep decline in comparable sales at the Banana Republic chains.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Monday close $85.41, +1.74 pct premarket
Valeant will hold a conference call at 8:00 a.m. ET on Tuesday to allay investor concerns after a tumultuous few weeks for the embattled drugmaker.