Nokia, McDonald's, eBay among big market movers

AP News
Posted: Oct 21, 2010 5:07 PM
Nokia, McDonald's, eBay among big market movers

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:


Nokia Corp., up 45 cents at $11.28

The world's biggest mobile phone maker is trying to quickly turn around its smart phone business under its new CEO.

McDonald's Corp., up $1.03 at $78.44

Shares set their latest all-time high after the fast-food chain said its dollar menu and new drinks offerings helped profit grow.

United Continental Holdings Inc., up 17 cents at $27.80

The two airlines returned to profits because of higher fares and more customers in their last quarter as independent companies.

Fidelity National Financial Inc., down $1.76 at $12.98

The title insurer recalibrated its dividend policy for 2011, and shareholders' dividends will likely drop from current levels.

Southwest Airlines Co., up 46 cents at $13.62

Increased customer traffic and higher average fares for the discount airline helped push revenue up 20 percent in the third quarter.


EBay Inc., up $1.53 at $27.19

The online marketplace operator posted better-than-expected quarterly results thanks growth from PayPal and other online payments units. Inc., up $6.30 at $164.97

The online retailer's shares rose as investors expected to see strong growth in its third-quarter results, out after the market closed.

Cirrus Logic Inc., down $2.56 at $13.77

The chip maker's earnings and revenue growth, as well as its sales forecast, fell short of Wall Street expectations.