EBay and American Express slide; Comcast and IBM climb
Stocks that moved substantially or traded heavily Thursday:
eBay Inc., down $3.84 to $34.11
The online marketplace's revenue fell short of Wall Street forecasts.
American Express Co., down $2.81 to $100.17
The credit card company said delinquent payments rose and it had to set aside more money for possible bad loans.
Philip Morris International Inc., down $1.25 to $80.90
The cigarette maker cut its annual profit forecast.
IBM Corp., up $4.72 to $149.24
The technology and consulting company's second-quarter results topped analyst projections.
Comcast Corp., up 87 cents to $34.91
The cable and internet provider said it's ending its effort to buy most of Twenty-First Century Fox.
BorgWarner Inc., down 97 cents to $45.03
Makers of cars and car parts testified before Congress in opposition to the Trump administration's proposed tariffs on imported autos.
CVS Health Corp., down $1.76 to $66.14
The Trump administration proposed a new regulation that would reduce rebates on drug prices.
Alcoa Corp., down $6.40 to $41.56
The aluminum producer cut its forecast for pre-tax earnings, partly because of the U.S. tariffs on aluminum.