STOCKS ON THE MOVE
▼ eBay Inc., down $ 3.84 to $ 34.11 Revenue fell short of Wall Street forecasts. ▼ American Express, down $ 2.81 to $ 100.17 The credit card company said delinquent payments rose and it had to set aside more money for possible bad loans.
▼ Philip Morris, down $ 1.25 to $ 80.90 Cut annual profit forecast. ▲ IBM Corp., up $ 4.72 to $ 149.24 2Q results topped analysts’ projections. ▲ Comcast Corp., up 87 cents to $ 34.91
Said it’s ending its effort to buy most of Twenty- First Century Fox. ▼ BorgWarner Inc., down 97 cents to $ 45.03 Makers of cars and car parts testified before Congress in opposition to the Trump administration’s proposed tariffs on imported autos.
▼ CVS Health Corp., down $ 1.76 to $ 66.14 The Trump administration proposed a regulation that would reduce rebates on drug prices. ▼ Alcoa Corp., down $ 6.40 to $ 41.56 Cut its forecast for pre- tax earnings, partly because of the U. S. tariffs on aluminum.