McDonald's and Yahoo are big market movers

NEW YORK (AP) - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

McDonald's Corp., up $4.49 to $93.27

The fast food restaurant operator's president and CEO Don Thompson will step down as the company struggles with declining sales.

Coach Inc., up $2.48 to $38.94

The handbag and accessories retailer reported better-than-expected quarterly profit.

Alibaba Group Holding Ltd., down $8.64 to $89.81

The e-commerce company reported mixed quarterly results as it faces scrutiny from the Chinese government over the sale of counterfeit goods.

Kate Spade & Co., up $1.95 to $31.68

The apparel retailer posted positive 2014 sales and will close some stores to redirect focus on its flagship brand.

Nasdaq

Yahoo Inc., down $2.73 to $43.73

The technology company's stake in Alibaba is becoming less valuable as that company deals with a counterfeit-goods issue.

Qualcomm Inc. Inc., down $7.30 to $63.69

The chipmaker cut its profit outlook for the year, citing increasing competition in China and an issue with a major customer.

Extreme Networks Inc., up 26 cents to $3.04

The maker of network infrastructure equipment reported better-than-expected fiscal second-quarter profit and revenue.

Flextronics International Ltd., up 78 cents to $11.35

The electronics designer and manufacturer reported better-than-expected quarterly results and a positive outlook.