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New York • Stocks that moved substantially or traded heavily Wednesday:
• Morgan Stanley, up 83 cents to $42.04
The wealth manager and investment banker firm said its profit jumped as its stock and bond trading businesses did well.
• IBM Corp., down $8.36 to $161.69
The technology and consulting company reported weaker sales than analysts expected.
• Intuitive Surgical Inc., up $48.60 to $807.94
The robotic surgery system company's earnings and sales were stronger than investors anticipated.
• Lam Research Corp., up $8.74 to $136.17
The chip equipment maker posted solid third-quarter profit and sales along with a strong fourth-quarter forecast.
• TD Ameritrade Holding Corp., up 51 cents to $37.86
The online brokerage is maintaining its earnings forecast for is current fiscal year, despite cutting the fee it charges on customer's trades.
• Textron Inc., down $1.33 to $46.01
The maker of Cessna small planes and Bell helicopters reported lower-than-expected sales.
• Charles Schwab Inc., up 37 cents to $38.28
Banks and financial companies recovered Wednesday as bond yields turned sharply higher.
• Public Service Enterprise Group Inc., down 74 cents to $44.60
Utility companies and other high-dividend stocks slumped Wednesday in response to the rise in bond yields.