March 17, 2017 / 11:44 AM / a year ago

BUZZ-U.S. STOCKS ON THE MOVE-Valeant, Adobe, Tiffany

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U.S. stock index futures were little changed on Friday as investors looked for fresh catalysts after the U.S. Federal Reserve raised interest rates for the first time this year.

Dow Jones Industrial Average futures were up 0.07 percent at 20,955, S&P 500 futures were down 0.01 percent at 2,382.5 and Nasdaq 100 futures were up 0.09 percent at 5,418.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Thursday close $11.20, +3.93 pct premarket

ValueAct Capital raised its stake in the Canadian drugmaker, in a move that could provide a confidence boost to the drug company three days after its largest shareholder sold out of the stock.

** ADOBE SYSTEMS INC, Thursday close $122.35, +4.78 pct premarket

The company reported better-than-expected first-quarter revenue and profit as demand for Creative Cloud package of software tools, which includes Photoshop, continued to rise.

** TIFFANY & CO, Thursday close $89.98, +3.02 pct premarket

The jeweler reported better-than-expected fourth-quarter profit, helped by strong demand for its jewelry in Japan and China, as well as price hikes and lower costs.

** CRAFT BREW ALLIANCE INC, Thursday close $14.55 The beermaker reported weak quarterly results as wholesalers reduced inventories. (Compiled by Akankshita Mukhopadhyay in Bengaluru)

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