BUZZ-U.S. STOCKS ON THE MOVE-Valeant Pharma, oil stocks, TrueCar
(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 indexes were lower on Friday morning, led by energy shares as a rally in oil prices fizzled out, and as CPI data indicating firmer inflation trends rekindled prospects of a rate hike this year. The Dow Jones industrial average was down 0.33 percent at 16,359.16, the S&P 500 was down 0.25 percent at 1,913.05 and the Nasdaq Composite was up 0.17 percent at 4,495.257.
** TRUECAR INC, $4.86, -15.77 pct
The online car-shopping service provider posts bigger-than-expected Q4 loss as its total costs and operating expenses jump.
** ICONIX BRAND GROUP INC, $7.99, +2.83 pct
The owner of Umbro and Lee Cooper brands announces conclusion of investigation by staff of the Securities and Exchange Commission related to accounting for formation of certain joint ventures.
** TRINITY INDUSTRIES INC, $16.43, -22.21 pct Continued...