BUZZ-U.S. STOCKS ON THE MOVE-Coach, Whirlpool, Merck, Supervalu, Apple
(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. stocks fell in volatile early trading on Tuesday as strong results from Merck and better-than-expected housing data helped offset disappointing earnings and profit-taking in Apple . The Dow Jones industrial average was up 0.15 percent at 18,064.36, the S&P 500 was up 0.05 percent at 2,109.93 and the Nasdaq Composite was down 0.05 percent at 5,057.691.
** APPLE INC, $131.48, -0.88 pct
The iPhone maker did not provide sales figures for its newly released Apple Watch. "It is questionable to me how the Apple Watch will sell. Even if that does well, it has lower margins than the iPhone, so overall I think we should expect a lull in growth until we get another new product," said Michael Binger, senior PM at Gradient Investments LLC in Minneapolis, Minnesota.
** COACH INC, $39.79, -6.00 pct
The Poppy handbag makers' quarterly sales fell short of estimates due to continued weak demand for its products in North America, its biggest market.
** WHIRLPOOL CORP, $182, -8.00 pct Continued...