Advanced Micro Devices and JPMorgan Chase climb; Tesla slips
Stocks that moved substantially or traded heavily Thursday:
Tesla Inc., down $2.63 to $314.62
The electric car maker again fell short of production goals for its new Model 3 sedan.
Advanced Micro Devices Inc., up 57 cents to $12.12
The chipmaker said there is almost zero chance that a security flaw discovered in Intel chips could affect its products.
JPMorgan Chase & Co., up $1.54 to $109.04
Banks climbed as interest rates rose, which lets them make more money from lending.
Macy's Inc., down 84 cents to $24.49
Investors were disappointed with the department store's sales forecasts for the year.
Zumiez Inc., up $2.45 to $22.95
The teen clothing retailer reported strong sales in December and forecast better growth in the fiscal fourth quarter.
Sprint Corp., down 27 cents to $5.63
The wireless carrier named Michel Combes as its president and chief financial officer months after it called off a merger with rival T-Mobile.
L Brands Inc., down $7.16 to $51
The owner of Victoria's Secret gave a disappointing fourth-quarter forecast after it reported its December sales.
OneMain Holdings Inc., up $7.76 to $34.40
Funds linked to Apollo Global Management will buy Fortress Investment Group's stake in the consumer finance company for $26 a share.