NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:
Morgan Stanley, up 83 cents to $42.04
The wealth manager and investment banker firm said its profit jumped as its stock and bond trading businesses did well.
IBM Corp., down $8.36 to $161.69
The technology and consulting company reported weaker sales than analysts expected.
Intuitive Surgical Inc., up $48.60 to $807.94
The robotic surgery system company’s earnings and sales were stronger than investors anticipated.
Lam Research Corp., up $8.74 to $136.17
The chip equipment maker posted solid third-quarter profit and sales along with a strong fourth-quarter forecast.
TD Ameritrade Holding Corp., up 51 cents to $37.86
The online brokerage is maintaining its earnings forecast for is current fiscal year, despite cutting the fee it charges on customer’s trades.
Textron Inc., down $1.33 to $46.01
The maker of Cessna small planes and Bell helicopters reported lower-than-expected sales.
Charles Schwab Inc., up 37 cents to $38.28
Banks and financial companies recovered Wednesday as bond yields turned sharply higher.
Public Service Enterprise Group Inc., down 74 cents to $44.60
Utility companies and other high-dividend stocks slumped Wednesday in response to the rise in bond yields.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Main Street Minute: Barbecue spot to open in downtown Phoenix
- Theme park resort villages approved for development near Phoenix
- Main Street Minute: Glendale health care campus giving out eclipse glasses
- Trump ends business councils after slew of CEOs drop out
- Pressured by government, Uber agrees to protect rider data