Ross stores, fall of applied materials; Intuit, Moderna rises
NEW YORK (AP) – Stocks that traded heavily or experienced substantial price changes on Friday:
Intuit Inc., up $ 63.40 to $ 692.34.
The maker of TurboTax, QuickBooks and other accounting software has raised its profit forecast for its fiscal year.
Applied Materials Inc., down $ 8.71 to $ 150.03.
The chipmaking equipment maker reported disappointing fourth quarter results and gave investors weak earnings forecasts.
Ross Stores Inc., down $ 6.74 to $ 112.78.
The discount retailer gave investors a low profit forecast.
Williams-Sonoma Inc., down $ 3.24 to $ 215.65.
The kitchenware and home furnishings seller warned investors that supply chain issues could hurt its inventory until mid-2022.
Moderna Inc., up $ 12.37 to $ 263.78.
Manufacturers of COVID-19 vaccines gained traction after U.S. regulators approved booster shots for all adults.
Bank of America Corp., down 92 cents to $ 45.40.
Bond yields have fallen and weighed on 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 US crude oil fell.
Farfetch Ltd., down $ 6.33 to $ 39.26.
The online luxury fashion retailer‘s third quarter revenue was lower than Wall Street forecast.