Broadcom, Marathon Oil rise; Wells Fargo, Zillow fall

NEW YORK — Stocks that moved substantially or traded heavily Friday:

Broadcom Inc., up $7.51 to $246.94

The technology company announced a $12 billion stock buyback program.

Marathon Oil Corp., up 53 cents to $18.16

Energy companies benefited from an increase in oil prices.

PNC Financial Services Inc., down $6.28 to $145.46

The regional bank reported results that fell shy of analysts' forecasts.

Wells Fargo & Co., down $1.81 to $50.89

The bank said its results may have to be revised following an offer by regulators to settle investigations at a cost of $1 billion.

Qualcomm Inc., up 53 cents to $55.73

The company's former chairman is reportedly trying to line up investors in a bid to take Qualcomm private.

Alaska Air Group Inc., up $3.68 to $63.95

The airline reported a 6.5 percent increase in traffic for March.

Zillow Group Inc., down $3.93 to $49.84

The company said it would expand its Instant Offers program to Phoenix and will buy and sell homes directly.

Coca-Cola Inc., up 48 cents to $44.51

Makers of consumer products did better than the rest of the market.

People also read these

Iowa at center of debate over 'shadow insurance' deals

Aug 30, 2016

Life insurance companies are setting up "shadow insurers" to take on some of their liabilities and free up some of their reserves

Global stocks rise as investors weigh future of US rates

Aug 30, 2016

Global stock markets mostly rose on Tuesday as investors weighed the possibility and timing of another U.S. interest rate increase this year

Asian stocks mixed ahead of US jobs data

Aug 31, 2016

Asian stocks are mixed Wednesday in listless trading ahead of jobs data later this week and continued anticipation of higher interest rates in the U.S. Japan's benchmark Nikkei 225 gained 0.8 percent to 16,857.07 in morning trading

Subscribe to our newsletter!

Your Name

Your Email Address