Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market.
Marsh & McLennan Cos., up $1.94 at $26.79
According to media reports, chief executive Jeff Greenberg will resign due to New York’s attorney general investigation.
SBC Communications Inc., down 44 cents at $25.24
The telecommunications company matched Wall Street estimates for its third-quarter profits.
VISX Inc., down $2.62 at $16.60
The laser surgery company was cut to ``sector perform″ by RBC Capital Markets.
Broadcom Corp., down $4.06 at $26.41
The company surpassed Wall Street forecasts for its third-quarter profits, but warned of sluggish sales and lowered its outlook for future earnings.
Gilead Sciences Inc., down $3.43 at $33.25
The drug maker discontinued clinical trials of two HIV drugs that did not fare well in clinical trials.
PeopleSoft Inc., down 28 cents at $20.15
Uncertainty over Oracle Corp.’s bid for the company overshadowed a positive earnings report.