December 20, 2016 / 1:12 PM / 8 months ago

BUZZ-U.S. STOCKS ON THE MOVE-General Mills, Nvidia, Conatus Pharma

3 Min Read

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U.S. stock index futures were slightly higher on Tuesday in light trading as investors appeared to have shrugged off Monday's geopolitical incidents but stayed away from making big bets before the holiday season.

Dow Jones industrial average futures were up 0.23 percent at 19,883, S&P 500 futures were up 0.25 percent at 2,265.75 and Nasdaq 100 futures were up 0.18 percent at 4,947.75.

** GENERAL MILLS INC, Monday close $63.06, -3.43 pct premarket

The Cheerio's cereal owner reported lower-than-expected quarterly profit and sales, hurt by weak demand for its Yoplait yogurt and Progresso soups in the United States, its biggest market.

** ADVANCED MICRO DEVICES INC, Monday close $10.95, +2.47 pct premarket

** NVIDIA CORP, Monday close $101.63, +2.73 pct premarket

A Mizuho analyst upgraded Advanced Micro Devices to "buy" from "neutral". The brokerage also raised Nvidia's price target to $115 from $80.

** BLACKBERRY LTD, Monday close $7.71, +3.37 pct premarket

The company posted another loss and a surprisingly sharp fall in revenue as the software growth it is relying on failed to make up for shrinking handset sales and lost service fees.

** CONATUS PHARMACEUTICALS INC, Monday close $1.96, +136.22 pct premarket

Swiss drugmaker Novartis said it signed a licensing deal to co-develop a fatty liver disease drug with Conatus Pharmaceuticals, under which the small U.S. company would receive $50 million up front.

** RESOLUTE ENERGY CORP, Monday close $41, -5.76 pct premarket

The oil producer priced its public offering of 3.8 million shares at a 7.3 percent discount to the stock's Monday close.

** NEOPHOTONICS INC, Monday close $12.49, -19.94 pct premarket

The telecom network equipment maker said it would sell its low-speed transceiver business to China-based APAT Optoelectronics Components for $26.4 million.

** FACEBOOK INC, Monday close $119.24, -0.20 pct premarket

European Union antitrust regulators have charged the social media company with providing misleading information during its takeover of WhatsApp, opening the company to a possible fine of 1 percent of its turnover.

** BOEING CO, Monday close $156.18, +0.52 pct premarket

Boeing's commercial airplane unit said it would cut an as-yet-undetermined number of jobs in 2017 after slashing its workforce by 8 percent in 2016, as it struggles to sell planes in the face of a strong dollar. (Compiled by Sruthi Shankar in Bengaluru)

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