JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday:
JPMorgan Chase & Co., down $12.64 to $182.79.
The bank gave investors a lower-than-expected forecast for its annual net interest income.
Newmont Corp., down 43 cents to $38.64.
The gold miner slipped as prices for the precious metal seesawed.
Advanced Micro Devices Inc., down $7.22 to $163.28.
The chipmaker fell following reports Chinese telecommunications carriers must phase out foreign chips by 2027.
Progressive Corp., up $1.64 to $203.90.
The insurer beat analysts’ first-quarter financial forecasts.
Zoetis Inc., down $12.75 to $149.98.
The veterinary health company slipped after a report about deaths of pets taking arthritis drugs.
Exxon Mobil Corp., down $1.42 to $120.37.
Energy companies flipped from gains to losses amid volatile oil prices.
Southwest Airlines Co., down 98 cents $27.54.
The company is reportedly cutting expectations for Boeing plane deliveries in 2024.
State Street Corp., up $1.87 to $75.78.
The financial services company beat Wall Street’s first-quarter earnings and revenue forecasts.