News

Lowe's and Morgan Stanley dip; Target and TJX rise

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Wednesday:

Target Corp., up $4.59 to $76.03

The retailer raised its profit forecast and its sales projections for the fourth quarter with the holiday season approaching.

Lowe’s Cos., down $2.03 to $67.02

The home improvement retailer’s profit fell because of a series of charges and weak customer traffic.

TJX Cos., up $2.90 to $76.39

The parent of T.J. Maxx and Marshalls reported a bigger profit and better sales than investors expected.

LinkedIn Corp., up $2.42 to $193.47

European regulators said Microsoft is offering new concessions, which could improve the chances its offer for LinkedIn will be approved.

Agilent Technologies Inc., up 78 cents to $46.18

The scientific instrument maker’s net income and sales surpassed Wall Street projections.

Morgan Stanley, down 81 cents to $39.19

After a huge rally following the presidential election, banks took the biggest losses on the market Wednesday.

General Dynamics Corp., down $2.18 to $165.84

Industrial companies like defence contractors, which have been on a strong run, traded lower.

Autodesk Inc., up $2.42 to $77.57

Tech stocks continued to reverse their recent losses and gained ground.