This is an archived article that was published on sltrib.com in 2017, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
New York • Stocks that moved substantially or traded heavily Wednesday:
• Lincoln National Corp., up $2.17 to $72.33
Banks and other financial companies jumped as investors felt it is more likely that interest rates will rise soon.
• Lowe's Cos., up $7.08 to $81.45
The home improvement retailer beat Wall Street estimates and gave a strong outlook as consumers continued to spend on their homes.
• Impax Laboratories Inc., down $4.95 to $9.30
The generic drug company's fourth-quarter results suffered because of lower prices and tough competition for key products.
• Weight Watchers International Inc., up $3.96 to $18.35
The weight loss company had a better fourth quarter than analysts and investors anticipated.
• Best Buy Co., down $1.99 to $42.14
The electronics retailer disclosed weak quarterly sales and its forecasts fell short of analyst estimates.
• FirstEnergy Corp., down 87 cents to $31.56
Utility companies and other high-dividend stocks traded lower Wednesday as bond yields jumped.
• Tesco Corp., up 70 cents to $9.05
Small-company stocks made larger gains their bigger counterparts as investors anticipated faster economic growth.
• Etsy Inc., down $1.43 to $10.69
Investors were disappointed with the online crafts marketplace's forecasts for 2017.