Orbital Sciences, Facebook are big market movers

AP News
|
Posted: Oct 29, 2014 4:30 PM

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Orbital Sciences Corp., down $5.10 to $25.27

The space systems company's unmanned rocket bound for the International Space Station exploded moments after liftoff in Virginia.

Electronic Arts Inc., up $1.43 to $38.91

The video game maker reported better-than-expected second-quarter profit and it increased its financial outlook for 2015.

United States Steel Corp., up $1.93 to $40.08

The steel maker reported a narrower third-quarter loss on higher demand and the results beat Wall Street expectations.

InvenSense Inc., down $5.40 to $16.08

The maker of mobile gyroscopes for consumer electronic products reported worse-than-expected second-quarter results.

Nasdaq

Facebook Inc., down $4.91 to $75.86

The social media company warned investors that it will spend significantly next year on its workforce and on developing services.

American Realty Capital Properties Inc., down $2.38 to $10

The real estate company said its prior financial reports can't be relied upon after mistakes were intentionally left uncorrected.

The Goodyear Tire & Rubber Co., up $1.18 to $23.03

The tire maker reported a drop in third-quarter profit on lower sales, but the results still beat expectations.

Applied Micro Circuits Corp., down $1.02 to $5.86

The chipmaker narrowed its fiscal second-quarter loss on lower expenses, but the results fell short of expectations.