BUZZ-U.S. STOCKS ON THE MOVE-Exxon, Harman, Glu Mobile, Baidu
(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 futures pared back some losses from earlier in the day on Thursday after data showed jobless claims fell to a 15-year low and consumer spending rose in March, suggesting the economy was regaining some momentum after slowing to a crawl in the first quarter. Dow Jones industrial average e-mini futures were down 0.31 percent at 17,898, S&P 500 futures were down 0.33 percent at 2,092 and Nasdaq 100 futures were down 0.55 percent at 4,455.
** APPLE INC, Wednesday close $128.64, -0.77 pct premarket
The iPhone maker is facing limited availability of the Apple Watch after a key component supplied by a Chinese company was found to be defective, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
** EXXON MOBIL CORP, Wednesday close $87.87, +1.29 pct premarket
The world's largest publicly traded oil company reported a smaller-than-expected drop in quarterly profit on Thursday as oil and gas output and refining results grew even as lower crude prices ate into earnings.
** GLU MOBILE INC, Wednesday close $5.4, +29.26 pct premarket
Tencent Holdings Ltd, the dominant social networking and online entertainment company in China, has agreed to buy 14.6 percent of mobile game developer Glu for $126 million to expand in the U.S. gaming market. Continued...