Stocks that moved heavily or traded substantially on Friday: Apple, Merck rise; Caterpillar, Expedia fall
NEW YORK —
Stocks that moved heavily or traded substantially on Friday:
Exxon Mobil Corp., up 21 cents to $42.08.
The company lost $1.1 billion and its revenue dropped by half in the second quarter as the pandemic kept households on lockdown.
Expedia Group Inc., down $3.92 to $81.01.
The company reported weak earnings and its CEO said the second quarter was likely the worst the travel industry has seen.
Merck & Co., up $1.25 to $80.24.
The drugmaker easily surpassed Wall Street’s forecasts thanks to surging sales of cancer medicines and lower expenses.
Church & Dwight Co., Inc., up $6.27 to $96.33.
The maker of Arm & Hammer cleaning products reported surprisingly strong results.
Caterpillar Inc., down $3.85 to $132.88.
The maker of steamrollers and bulldozers’ sales dropped 31% in the second quarter as dealers culled construction equipment from showrooms.
Johnson Controls International plc, up $1.24 to $38.48.
The maker of heating, ventilation and air conditioning equipment beat third-quarter forecasts, and issued an upbeat sales outlook.
Apple Inc., up $40.28 to $425.04.
The iPhone maker reported results that easily surpassed analysts’ forecasts, including an 11% rise in revenue and 12% profit growth.
Amazon.com Inc., up $112.80 to $3,164.68.
The online retailer’s profit doubled even after spending more than $4 billion on COVID-19 related costs.