Caterpillar and Microsoft are big market movers
NEW YORK (AP) - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Caterpillar Inc., down $6.18 to $79.85
The construction equipment company reported worse-than-expected quarterly results and issued a weak outlook for 2015.
Freeport-McMoRan Inc., down $1.18 to $18.38
The mining company swung to a loss during the fourth quarter and its results fell short of Wall Street expectations.
The Procter & Gamble Co., down $3.09 to $86.49
The consumer products company reported a profit drop on a stronger U.S. dollar and expects exchange rates to remain challenging.
Packaging Corp. of America, down $5.23 to $76.33
The packaging company reported worse-than-expected quarterly results and provided a weaker-than-expected outlook.
Nasdaq
Microsoft Corp., down $4.35 to $42.66
The technology company provided a lackluster fiscal third-quarter forecast and its Windows software business is facing difficulties.
Silicon Image Inc., up $1.39 to $7.29
Lattice Semiconductor Corp. will buy the semiconductor maker for about $600 million in a cash deal expected to close in March.
American Airlines Group Inc., down $2.75 to $52.70
The airline reported record profit, beating expectations, as it gets a lift from lower fuel prices and steady travel demand.
J&J Snack Foods Corp., down $16.09 to $98.53
The snack foods and beverages maker reported a quarterly profit, but the results fell short of Wall Street expectations.