NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Shares of the discount retailer fell, even as it reported a second-quarter profit that beat Wall Street expectations.» Read More
The Dow Jones index that tracks the 10 biggest aerospace and defense companies rose 1.75 percent, driven by gains in shares of Lockheed Martin Corp, General Dynamics Corp, and Northrop Grumman Corp, which all reported higher profit and earnings per share this week.
*AT&T falls after results, but Boeing rallies. *Amgen drags biotech lower, but Gilead gains. NEW YORK, April 23- U.S. stocks edged lower on Wednesday as weakness in AT&T and biotech names inspired investors to take profits following six straight days of gains, though a rally in Boeing limited losses.
NEW YORK, April 23- U.S. The Commerce Department said sales of new U.S. single-family homes dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units in March, declining for a second consecutive month.
*Boeing rallies after results, outlook; AT&T drops. NEW YORK, April 23- U.S. stocks edged lower on Wednesday as strong results from Boeing failed to inspire investors to keep pushing equities higher following six straight days of gains.
On a non-adjusted basis, however, Boeing's profit slid 13 percent to $965 million, or $1.28 per share, down from $1.11 billion, or $1.44 per share, a year earlier, the company reported on Wednesday. But analysts pointed to strong cashflow generation and Boeing's increase in share buy-backs in the quarter as reasons to push the stock higher.
*Boeing rallies after results, outlook; P&G edges down. *Key earnings on tap; Apple, Facebook out after the close. *Boeing Co reported first-quarter revenue that beat expectations and lifted its core earnings forecast to reflect a tax settlement gain, sending shares up 2.7 percent to $131.05 in premarket trading.
April 22- Skechers USA Inc posted a near-fivefold jump in quarterly profit after its new footwear designs sold well in the United States and abroad, sending shares of the company up 14 percent after the bell. Skechers, whose larger rivals include Nike Inc and Adidas AG, said it expected U.S. and international demand to stay strong for the rest of the year.
KFC parent Yum Brands on Tuesday said first-quarter sales at established restaurants in China, its top market, rose 9 percent.
April 22- Cree Inc, a maker of light emitting diodes, reported a lower-than-expected quarterly revenue, sending its shares down 8 percent in extended trading. The company's net income rose to $28.2 million, or 23 cents per share, in the third quarter ended March 30 from $22.2 million, or 19 cents per share, a year earlier.
April 22- JetBlue Airways Corp pilots voted on Tuesday to join the Air Line Pilots Association union, opting to have a bargaining agent after rejecting unionization in two prior votes. Shares of JetBlue were down 1.9 percent to $8.59 in afternoon trading.
*Ukraine crisis lends some support to Brent. NEW YORK, April 22- U.S. crude futures fell on Tuesday ahead of data expected to show that inventories in the world's top oil-consuming nation have risen close to record highs.
April 22- JetBlue Airways Corp pilots voted on Tuesday to join the Air Line Pilots Association union, becoming the first employee group at the discount carrier to choose a bargaining agent. JetBlue has about 2,600 pilots. Shares of JetBlue were down about 3 percent at $8.48 on Tuesday afternoon on the Nasdaq.
*Ukraine crisis lends some support to Brent. U.S. crude fell $2.34 to $102.03 a barrel by 13:45 a.m. EDT while Brent crude was down 93 cents to $108.96 a barrel, having lost over a dollar earlier. The Energy Information Administration will issue inventory data on Wednesday while American Petroleum Institute data is due later on Tuesday.
April 22- Harley-Davidson Inc shares surged nearly 9 percent on Tuesday after the iconic U.S. motorcycle maker posted a better-`than-expected quarterly profit, lifted by strong international demand.
*Netflix up after results, Facebook gains on update. Dow components Travelers Cos Inc and United Technologies Corp both reported first-quarter earnings that beat expectations, and United Tech raised the low end of its full-year profit outlook. Shares of Travelers rose 0.2 percent to $86.58 while United Tech was up 1.2 percent at $119.69.
*Netflix up after results, Facebook gains on update. Dow components Travelers Cos Inc and United Technologies Corp both reported first-quarter earnings that beat expectations, and United Tech raised the low end of its full-year profit outlook. Shares of Travelers rose 0.7 percent to $87.04 while United Tech was up 1 percent at $119.49.
*Ukraine peace deal falters as rebels dig in. LONDON, April 22- Brent oil fell towards $109 a barrel and the U.S. benchmark saw a sharper decline on Tuesday on forecasts of rising crude stocks as a faltering pact to ease tensions in Ukraine offered some support.
April 22- Harley-Davidson Inc posted a stronger-than-expected quarterly profit on Tuesday, lifted by strong sales growth outside its core North American market, and its shares rose more than 7 percent.
*Weakness in China depresses Asian shares, despite Wall St. *Tensions in Ukraine still seen as a risk. Although Japan's Nikkei share average held onto marginal gains and was up 0.3 percent, MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat, while trading not far from a six-month high hit earlier this month.
Tensions in Ukraine still seen as a major risk. TOKYO, April 22- Asian shares were supported on Tuesday after Wall Street stocks extended gains into a fifth day, though investors continued to see tensions in Ukraine as a threat to risk appetite.