Stocks that moved substantially or traded heavily Friday:
Wells Fargo & Co., up $1.81 to $55.44
After receiving approval from the Federal Reserve, the bank plans to buy back $24.5 billion in stock and raised its dividend.
Nike Inc., up $7.98 to $79.68
The sneaker maker had a strong fourth quarter as its North American sales improved.
Novartis International AG, up $2.54 to $75.54
The drugmaker plans to spin off of its Alcon eye care device business and buy back more stock.
Constellation Brands Inc., down $13.46 to $218.87
The wine, liquor and beer company reported a smaller quarterly profit than analysts expected.
Synnex Corp., down $10.23 to $96.51
The high-tech contractor agreed to buy customer management company Convergys in a deal the companies valued at $2.8 billion.
KB Home, up $1.86 to $27.24
The homebuilder posted a larger profit and better sales than Wall Street anticipated.
Hess Corp., up $1.33 to $66.89
Energy companies continued to rally with oil prices as energy stocks completed their best quarter since 2011.
FirstEnergy Corp., down 28 cents to $35.91
Utilities and other high-dividend stocks lagged the rest of the market.