Ross Stores, Applied Materials Fall; Intuit, Moderna Rise
NEW YORK: Stocks that traded heavily or had substantial price changes Friday:
Intuit Inc., up $63.40 to $692.34.
The maker of TurboTax, QuickBooks and other accounting software raised its profit forecast for its fiscal year.
Applied Materials Inc., down $8.71 to $150.03.
The maker of chipmaking equipment reported disappointing fourth-quarter results and gave investors a weak profit forecast.
Ross Stores Inc., down $6.74 to $112.78.
The discount retailer gave investors a weak profit forecast.
Williams-Sonoma Inc., down $3.24 to $215.65.
The seller of cookware and home furnishings warned investors that supply chain problems could hurt its inventory through the middle of 2022.
Moderna Inc., up $12.37 to $263.78.
Makers of COVID-19 vaccines gained ground after U.S. regulators approved booster shots for all adults.
Bank of America Corp., down 92 cents to $45.40.
Bond yields fell and weighed down banks, which rely on higher yields to charge more lucrative interest on loans.
Exxon Mobil Corp., down $2.94 to $60.67.
Energy companies fell as the price of U.S. crude oil slipped.
Farfetch Ltd., down $6.33 to $39.26.
The online luxury fashion retailer’s third-quarter revenue fell short of Wall Street forecasts.
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