Ford, VeriFone and IBM climb while Tupperware slips
Apr. 10, 2018
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:
Ford Motor Co., up 20 cents to $11.45
Automakers rose after Chinese President Xi Jinping said he would reduce tariffs on imported cars.
VeriFone Systems Inc., up $7.78 to $22.78
The maker of payment terminals for electronic payments agreed to be acquired for $2.5 billion.
Marathon Oil Corp., up 71 cents to $17.06
Energy companies rose in tandem with the price of oil Tuesday.
Tenneco Inc., up $2.27 to $57.82
The company said it will buy manufacturer Federal-Mogul from Icahn Enterprises for $5.4 billion.
Tupperware Brands Corp., down $5.42 to $41.74
The container company lowered its first-quarter forecasts because of manufacturing problems and other difficulties.
IBM Corp., up $2.70 to $155.39
Technology companies led the market higher as investors were cheered by China's conciliatory approach to the trade dispute with the U.S.
PPL Corp., down 46 cents to $27.69
Utilities and other big-dividend payers lagged the rest of the market as investors felt more comfortable buying riskier stocks.
Spectrum Pharmaceuticals Inc., up $6.13 to $20.76
The drugmaker reported more data from a study of its drug poziotinib as a treatment for lung cancer.