Microsoft, Capital One, Broadcom, Amazon.com are among big market movers Friday
By APFriday, October 23, 2009
Microsoft, Capital One, Broadcom are big movers
NEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
NYSE:
Synovus Financial Corp., down 65 cents at $2.92
Souring loans kept growing at the southeastern regional bank, deepening its losses, and analysts say bad assets will linger for some time.
Elan Corp., down $1.13 at $5.31
European regulators are investigating reports of the drug maker’s multiple sclerosis drug causing a potentially fatal brain infection.
Capital One Financial Corp., up $2.62 at $40.95
The credit card issuer posted its first quarterly profit in a year due to lower funding costs, taxes and expenses, even as defaults rose.
Whirlpool Corp., up $3.59 at $77.13
The appliance maker boosted its outlook, saying deep cost cuts are going to start paying off as sales rise in Asia and Latin America.
NASDAQ:
Microsoft Corp., up $1.43 at $28.02
Sales slid at the software giant, but investors were pleased by cost-cutting measures, including layoffs, and computer shipments rose.
Broadcom Corp., down $2.23 at $28.50
The chip maker warned that its sales could be slow during the holiday season, while expenses would rise due to legal costs.
Amazon.com Inc., up $25.04 at $118.49
Low prices at the online retailer helped propel sales up 28 percent in the third quarter, with more big growth expected through Christmas.
Sunpower Corp., down $4.95 at $28.35
Constrained credit markets remain a problem for the solar power products maker, and it cut its profit outlook for the year.
Tags: Health Care Industry, New York, North America, United States