Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market.
Sears, Roebuck and Co., down $1.69 at $53.17
The retailer reported disappointing sales results for November.
Gap Inc., up 3 cents at $21.21
The specialty clothing chain said November sales at stores open at least a year were better than expected.
U.S. Steel Corp., up 18 cents at $25.93
President Bush was expected to lift tariffs on foreign steel, but make permanent a monitoring program to guard against low-priced imports.
Qualcomm Inc., up $4.68 at $49.15
The company boosted its quarterly earnings and sales estimates.
Career Education Corp., down $7.16 at $32.32
The operator of secondary schools was reportedly accused by a former employee of illegally inflating enrollment and boosting its bottom line.
Cisco Systems, up 67 cents at $23.97
The company’s stock was upgraded by an analyst, who forecast improvement in the telecommunications equipment market.