December 19, 2016 / 1:58 PM / 2 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Lennar, Brainstorm Cell, Allied World Assurance

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, here ; for the Morning News Call newsletter, here ) U.S. stocks looked set to open little changed on Monday as investors awaited a speech by Federal Reserve Chair Janet Yellen, less than a week after the Fed raised interest rates for only the second time since the financial crisis.

Dow Jones industrial average futures were up 0.02 percent at 19,797, S&P 500 futures were up 0.04 percent at 2,256.25 and Nasdaq 100 futures were up 0.13 percent at 4,922.

** LENNAR CORP, Friday close $43.42, +1.50 pct premarket

The second-largest U.S. homebuilder reported higher-than-expected quarterly profit and revenue and said the housing market continued to make a “slow and steady recovery.”

** BRAINSTORM CELL THERAPEUTICS INC, Friday close $2.67, +15.73 pct premarket

The Israeli drug developer said it would proceed to a late-stage clinical trial for its adult stem cell treatment in patients with amyotrophic lateral sclerosis (ALS).

** ALLIED WORLD ASSURANCE COMPANY HOLDINGS AG, Friday close $45.77, +15.80 pct premarket

Toronto-based insurance group Fairfax Financial Holdings Ltd has agreed to buy Swiss insurer Allied World Assurance Company for $4.9 billion in cash and stock, the companies said on Sunday.

** IONIS PHARMACEUTICALS INC, Friday close $49.3, +1.36 pct premarket

The drugmaker said its metabolic disorder drug for severe hypertriglyceridemia met the main goal in a late-stage study. (Compiled by Sruthi Shankar in Bengaluru; Editing by Anil D’Silva)

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