Ross Stores, Applied Materials Fall; Intuit, Modern Rise

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NEW YORK: Stocks that were heavily traded or whose prices changed significantly on Friday:

Intuit Inc., from $63.40 to $692.34.

TurboTax, maker of QuickBooks and other accounting software, raised its profit forecast for its fiscal year.

Applied Materials Inc., down $8.71 to $150.03.

The maker of chipmaking equipment reported disappointing fourth-quarter results and gave investors weak profit forecasts.

Ross Stores Inc., down $6.74 to $112.78.

The discount retailer gave investors a weak profit forecast.

Williams-Sonoma Inc., down from $3.24 to $215.65.

The cookware and home goods seller warned investors that supply chain problems could hurt its inventory by the middle of 2022.

Modern Inc., from $12.37 to $263.78.

Manufacturers of COVID-19 vaccines gained ground after US regulators approved booster shots for all adults.

Bank of America Corp., down 92 cents at $45.40.

Bond yields fell and weighed down on banks, which rely on higher yields to charge more attractive interest on loans.

Exxon Mobil Corp., down $2.94 to $60.67.

A fall in the price of US crude has weighed on energy companies.

Farfetch Ltd. fell from $6.33 to $39.26.

The online luxury fashion retailer’s third-quarter revenue fell short of Wall Street’s forecasts.

Disclaimer: This post has been self-published from the agency feed without modification and has not been reviewed by an editor

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