Broadcom and Apple slip while PG&E and Tyson Foods advance
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday.
Broadcom Inc., down $10.26 to $290.32
The chipmaker maintained a weak revenue forecast for the year and warned that demand remains low.
PG&E Corp., up $1.08 to $11.18
The utility and a group of insurers reached an $11 billion settlement to cover most of the claims from wildfires in California in 2017 and 2018.
The Progressive Corp., down $4.30 to $72.68
The insurance company reported a decline in net income during August.
Apple Inc., down $4.33 to $218.75
The technology company and several of its peers are being asked for internal documents as part of a congressional antitrust investigation.
UnitedHealth Group Inc., up $4.59 to $233.61
The health insurance company and several of its peers were among the day’s strongest gainers.
Bank of America Corp., up 50 cents to $30.17
The bank and its peers are benefiting from a weeklong rise in bond yields, which help them set more lucrative interest rates for loans.
Freeport-McMoRan Inc., up 39 cents to $10.76
The mining company benefited from a spike in copper prices amid easing trade tensions between the U.S. and China.
Tyson Foods Inc., up $1.70 to $85.17
The food producer was seen as a beneficiary as China moved to lift tariffs on certain products, including pork.