By Lu Wang
Oct. 13 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading tomorrow. Stock symbols are in parentheses, and share prices are as of 5:40 p.m. in New York, unless otherwise specified.
Standard & Poor's 500 Index futures expiring in December gained 125.70, or 14 percent, to 1,016.70. Dow Jones Industrial Average futures rose 1,138, or 14 percent, to 9,508. Nasdaq-100 Index futures climbed 176, or 14 percent, to 1,458.50.
Cardiac Science Corp. (CSCX US): The company said it was fixing potentially faulty software in about 24,000 automated external defibrillators made from August 2006 to March 2007. The stock rose 2.4 percent to $9.50 in regular trading.
Ciber Inc. (CBR US): The U.S. computer consultant said its third-quarter revenue was $300 million, the bottom end of its previous forecast range. The stock rose 6.2 percent to $4.78 in regular trading.
Morgan Stanley (MS US) fell 25 cents, or 1.5 percent, to $17.85. The bank had its credit rating lowered two grades by Fitch Ratings, which said ``stresses'' remain after a $9 billion investment sparked an 87 percent jump in the stock.
Rackable Systems Inc. (RACK US) sank $1.25, or 14 percent, to $7.49. The maker of high-density computer servers said that, excluding some items, it expects a loss of as much as 16 cents a share this year. Analysts, on average, anticipated profit of 10 cents, according to a Bloomberg survey.
Wynn Resorts Ltd. (WYNN US) fell $3.37, or 5.3 percent, to $60. The casino company founded by billionaire Stephen Wynn said its third-quarter results will be worse than a year earlier after it increased its bad debt reserve because of ``the current global economic uncertainty.''
To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net
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Tuesday, October 14, 2008
Cardiac, Morgan Stanley, Rackable, Wynn: U.S. Equity Preview
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