(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 were lower on Friday afternoon, a day after closing at record highs, as a set of tepid economic data dampened investor sentiment about the growth of the economy.
The Dow Jones Industrial Average was down 0.38 percent at 18,543.05, the S&P 500 was down 0.26 percent at 2,180.12 and the Nasdaq Composite was down 0.16 percent at 5,219.89.
** J.C. PENNEY COMPANY INC, $10.49, +5.53 pct
The operator of department stores said its quarterly loss more than halved as the company cut costs and benefited from higher sales of home goods and footwear as well as beauty products at Sephora outlets in its stores.
** NORDSTROM INC, $51.47, +8.22 pct
The department store operator’s quarterly comparable store sales fell less than expected, building on buoyant reports from Macy’s Inc and Kohl’s Corp.
** NVIDIA CORP, $62.235, +4.25 pct
The chipmaker reported its fastest quarterly sales growth in nearly five years, powered by strong demand for the company’s processors used in gaming computers and in data centers.
** DELEK U.S. HOLDINGS INC, $16.13, +8.33 pct
CVR Energy Inc, backed by activist investor Carl Icahn, is preparing to make an offer for the company, the New York Post said, citing a source.
** ACACIA COMMUNICATIONS INC, $90.2, +33.23 pct
The optical networking company reported quarterly revenue that more than doubled, handily beating the average analyst estimate.
** CONCORDIA INTERNATIONAL CORP, $10.78, -34.11 pct
The Canadian drugmaker cut its 2016 revenue and adjusted EBITDA forecast due to increased competition in North America and strong U.S. dollar.
** CYCLACEL PHARMACEUTICALS INC, $5.16, +15.18 pct
The drug developer said it expected to report late-stage data for its lead cancer drug in the fourth quarter.
The drug is being tested in a late-stage study for treating acute myeloid leukemia in elderly patients who have either refused or are not physically capable to undergo intensive chemotherapy.
** SILICON GRAPHICS INTERNATIONAL CORP, $7.69, +28.60 pct
Hewlett Packard Enterprise agreed to buy the company in a deal valued at $275 million, or $7.75 per share in cash.
** PBF LOGISTICS LP, $20.71, -3.40 pct
The pipeline company said it would sell 4 million common units to raise proceeds of about $80.6 million to partly fund a planned acquisition of a 50 percent interest in Torrance Valley Pipeline Company LLC.
** SUNRUN INC, $6, +10.91 pct
The solar panel installer reported quarterly revenue of $122.5 million, beating analysts’ expectations.
** RUBY TUESDAY INC, $3.25, -12.87 pct
The restaurant chain operator reported lower-than-expected quarterly sales, hurt by lower traffic and increased promotions by peers, and said it planned to shut about 95 underperforming restaurants by September.
** PLANET FITNESS INC, $22.61, +11.22 pct
The fitness center operator reported better-than-expected quarterly sales and profit as newly opened stores boosted royalty income.
** VOXELJET AG, $4.39, -10.95 pct
The German 3D printer maker reported quarterly revenue below analysts’ average estimate and forecast disappointing third-quarter revenue.
** BIOCRYST PHARMACEUTICALS Inc, $5.32, +5.77 pct
Piper Jaffray upgraded the stock to “overweight” from “neutral” and raised its price target to $8 from $5 after the company dosed its first patient in an early-stage study for oral treatment of hereditary angioedema.
** INVENSENSE INC, $7.665, +12.72 pct
The motion-sensor chip maker’s shares rose after Pacific Crest upgraded the stock to “overweight” from “sectorweight.”
** AETHLON MEDICAL INC, $6.45, -16.23 pct
The medical device maker reported a lower-than-expected quarterly profit, hurt by decreases in payroll and general administrative expenses that were partially offset by an increase in professional fees.
** XINYUAN REAL ESTATE CO LTD, $5.92, +10.45 pct
The Chinese real estate company said its quarterly revenue rose 37 percent, helped by higher demand for its residential properties and raised 2016 contract sales growth forecast to about 30 percent from a range of 15-20 percent estimated previously.
** ENDO INTERNATIONAL PLC, $23.63, +2.69 pct
Mizuho Securities upgraded the stock to “buy” from “neutral” and nearly doubled its price target on the stock. (Compiled by Shalom Aarons in Bengaluru; Editing by Anil D’Silva)