Qualcomm and Progressive jump while Wave Life Sciences drops

FeaturesAssociated Press

Stocks that moved substantially or traded heavily on Tuesday:

Qualcomm Corp., up $13.27 to $70.45

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The mobile chip maker settled a long-running financial dispute with iPhone maker Apple.

Johnson & Johnson, up $1.50 to $138.02

The maker of Tylenol and psoriasis drug Stelara reported higher prescription drug sales and it beat profit forecasts.

Wave Life Sciences Ltd., down $9.55 to $24.47

The drug developer reported that some patients in an early study of a potential muscular dystrophy drug experienced some severe side effects.

Scientific Games Corp., up $1.68 to $22.57

The maker of betting machines and technology is partnering with Wynn Resorts to help develop digital sports betting and gaming.

JB Hunt Transport Services Inc., down $5.22 to $100.28

The trucking and logistics company's first quarter profit and revenue fell short of Wall Street forecasts.

Progressive Corp., up $5 to $77.26

The insurer's first-quarter profit surged past Wall Street profit forecasts on higher premiums.

Omnicom Group Inc., up $4.35 to $81.25

The advertising company beat first quarter forecasts for a key profit measure and reported higher spending by clients.

BlackRock Inc., up $14.68 to $466.54

The investment firm's first quarter profit surged past Wall Street forecasts as a rebounding market helped to increase assets.

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