CIT Group, Pfizer, Microsoft, Ford, Honeywell, American Express are big market movers Friday

CIT Group, Pfizer, Microsoft, Ford big movers

NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

CIT Group Inc., down 32 cents at $2.46

Shares tumbled after multiple analysts cut their ratings on the diversified lender a day after it reported a wider-than-expected first-quarter loss.

Mohawk Industries Inc., up $11.18 at $49

The floor covering maker’s stock soared after it reported strong first-quarter results and gave an earnings outlook above analysts’ average forecast.

Pfizer Inc., down 11 cents at $13.17

Shareholders tentatively approved proposals asking the company’s board to give them an advisory vote on executive compensation.

Ford Motor Co., up 51 cents at $5

The nation’s second-largest automaker reported a first-quarter loss of $1.4 billion and said it doesn’t expect to seek any government assistance.

Honeywell International Inc., down 93 cents at $31.45

The diversified manufacturer’s profit dropped 38 percent as battered aircraft and automakers pulled back spending on turbo chargers and jet electronics.

American Express Co., up $4.33 at $25.30

AmEx’s drop in earnings marked a sixth-straight quarter of profit declines at the credit card lender, but it still beat expectations.

NASDAQ

Microsoft Corp., up $1.99 at $20.91

For the first time in the software maker’s 23-year history as a public company, revenue fell year-over-year as PC shipments tumbled.

PMC-Sierra Inc., up $1.33 at $8.32

Shares jumped after an analyst raised his earnings estimates on the chipmaker on its narrower first-quarter loss.