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.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
Read all the Latest News, Breaking News and Coronavirus News here. Follow us on Facebook, Twitter and Telegram.
For all the latest business News Click Here