BUZZ-U.S. STOCKS ON THE MOVE-Quintiles, GrubHub, Encana, On Deck

Tue May 3, 2016 10:18am 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,

Wall Street opened lower on Tuesday as weak Chinese economic data and a surprise rate cut by the Australian central bank fanned worries about the health of the global economy. The Dow Jones industrial average was down 1.09 percent at 17,695.52, the S&P 500 was down 1.16 percent at 2,057.29 and the Nasdaq Composite was down 1.32 percent at 4,753.845.


** IMS HEALTH HOLDINGS INC, $24.77, -7.82 pct

Contract medical research provider Quintiles and healthcare information company IMS Health said they would merge in a deal valued at $9 billion.

** GRUBHUB INC, $24.3, -8.44 pct

The online food order and delivery company reported a better-than-expected 27 percent rise in quarterly revenue as more diners used its services to order meals online.