Bank of America, Infinera fall; Alcon, Thermo Fisher rise
NEW YORK (AP) - Stocks that moved heavily or traded substantially on Wednesday:
Alcon Inc., up $3.31 to $56.51.
The maker of eye drops and vision care products handily beat Wall Street's first-quarter profit and revenue forecasts.
United Natural Foods Inc., up $7.08 to $22.59.
The specialty foods distributor told investors that sales and profits surged during its fiscal third quarter.
Infinera Inc., down $1.47 to $4.33.
The communications equipment maker's first-quarter loss was worse than analysts expected.
Adaptive Biotechnologies Corp., down $2.49 to $35.57.
The life-sciences research company withdrew its revenue forecast for the year after disappointing first-quarter financial results.
Tesla Inc., down $18.45 to $790.96.
Officials in California said the electric vehicle maker's factory could resume full operations if it meets certain safety measures.
8x8 Inc., down $5.39 to $15.03.
The telecommunications services company declined to give investors a full-year financial forecast because of the virus pandemic.
Bank of America Corp., down $1.00 to $20.87.
Bond yields, which banks rely on to charge more lucrative interest rates, fell as investors worry about the economy and deflation.
Thermo Fisher Scientific Inc., up $2.37 to $334.09.
The Food and Drug Administration OK'd expanded emergency use of the diagnostic company's test for the virus causing COVID-19.