BUZZ-U.S. STOCKS ON THE MOVE-Chegg, First Solar, Home Depot, JPMorgan
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U.S. stocks were flat shortly after the open on Tuesday, as the Dow and S&P 500 held near record levels before testimony by Federal Reserve Chair Janet Yellen and a flurry of economic data. The Dow Jones industrial average was up 0.13 percent at 18,140.89, the S&P 500 was up 0.03 percent at 2,110.23 and the Nasdaq Composite was down 0.22 percent at 4,950.29.
** JPMORGAN CHASE & CO, $60.7, +2.27 pct
The bank said on Tuesday it is aiming to save around $1.4 billion in annual expenses by cutting costs and simplifying businesses mainly in its consumer- and investment-banking units.
The firm is set to charge large institutional customers for some deposits, citing new rules that make holding money for the clients too costly, the Wall Street Journal reported, citing people familiar with the matter.
** REAL GOODS SOLAR INC,$0.509, -27.18 pct
The solar company priced public offering of units, consisting of shares and warrants, at $0.50 per unit. The stock closed at $0.70 on Monday on the Nasdaq. Continued...