Rite Aid and KLA-Tencor skid while Citigroup, Staples climb
Stocks that moved substantially or traded heavily on Thursday:
Rite Aid Corp., down $1.04 to $2.89
Rival Walgreens ended its bid to buy Rite Aid, and will instead buy about half of its stores.
KLA-Tencor Corp., down $3.23 to $92.51
Technology stocks continued to stumble after several weeks of weakness.
Staples Inc., up 15 cents to $10.08
The office supply chain agreed to be bought by private equity firm Sycamore Partners for $6.9 billion.
Citigroup Inc., up $1.80 to $66.98
Banks climbed along with bond yields, and the Federal Reserve said they can return more money to shareholders.
HCP Inc., down 76 cents to $31.98
Big-dividend stocks like real estate companies fell as bonds and banks looked more appealing as investments.
Cisco Systems Inc., down 67 cents to $31.41
The technology company lowered its earnings and revenue forecasts.
Acuity Brands Inc., up $18.79 to $198.52
The lighting company announced a bigger profit and stronger sales than analysts had expected.
Lululemon Athletica Inc., up $2.94 to $59.10
Company director Glenn Murphy bought about 100,000 shares of the yoga apparel maker's stock.