Amazon and Immunomedics rise; Qiagen, Hovnanian move lower
NEW YORK (AP) - Stocks that moved substantially or traded heavily on Thursday:
Amazon.com Inc., up $79.56 to $ 1,868.77
Retailers rose following a report that showed a surge in last-minute online holiday shopping.
Apple Inc., up $5.64 to $289.91
The iPhone maker led a broad rally in technology stocks, lifting the Nasdaq composite above 9,000 points for the first time.
Hovnanian Enterprises Inc., down 43 cents to $21.32
Homebuilders fell as the yield on the 10-year Treasury note rose, signalling higher mortgage rates ahead.
Immunomedics Inc., up $1.17 to $21.67
The biopharmaceutical company said the FDA accepted its application for accelerated approval of a breast-cancer therapy.
Spectrum Pharmaceuticals Inc., down $5.25 to $3.50
A trial of the drugmaker's treatment for non-small cell lung cancer yielded disappointing results.
Qiagen NV, down $8.56 to $32.91
The developer of medical diagnostic technology said it will focus on remaning a standalone company.
Citigroup Inc., up $1.24 to $79.83
The financial sector rose along with bond yields, which allows lenders to charge higher interest rates.
Newmont Goldcorp Corp., up 52 cents to $42.69
The mining company rose along with the price of gold.