Big Movers in New York Stock Market
JC Penney, Abercrombie & Fitch among big movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
J.C. Penney Co., down $2.01 at $17.27
The department-store operator said third-quarter profit fell by more than half as consumers took fewer trips to the mall.
Abercrombie & Fitch Co., down $4.65 at $17.79
The teen apparel retailer said weak demand for girls' tops hurt third-quarter profit, and it cut its outlook for the full year.
Freddie Mac, down 6 cents at 67 cents
A tax-related charge led the mortgage-finance company to lose $25 billion in the third quarter; it requested $13.8 billion in government aid.
Nokia Corp., down $1.56 at $12.59
The world's largest cell phone maker cut its global outlook for mobile-device sales, citing rapid changes in consumer spending.
Morgan Stanley, down $1.18 at $12.03
A Fox-Pitt analyst said the banking firm is likely to swing to a loss in its fourth quarter due to sharp equity-market drops.
Boeing Co., down $2.12 at $41.04
The aerospace company is delaying deliveries of its 747-8 airplanes due to design changes and an eight-week strike.
Agilent Technologies Inc., down 22 cents at $20.75
The maker of scientific instruments said its quarterly profit rose 28 percent, helped by increased revenue and lower costs.
Sun Microsystems Inc., up 4 cents at $4.12
The networking firm plans to cut up to 18 percent of its work force as sales of its high-end computer servers have collapsed.