CSX and Netflix are big market movers

AP News
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Posted: Sep 09, 2015 4:41 PM

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

NYSE

Freeport-McMoRan Inc., up 33 cents to $10.73

A supply drop boosted the price of copper, good news for the copper and precious-metals mining company.

CSX Corp., down 19 cents to $27.81

The railroad company warned that weak volume in the coal and merchandising markets will hamper its full-year financial results.

United Continental Holdings Inc., up 16 cents to $57.67

The airline company replaced its CEO amid a federal investigation involving ties to the agency that operates New York-area airports.

The Men's Wearhouse Inc., down $6.76 to $49.71

The men's clothing retailer reported better-than-expected second-quarter profit, though its sales results disappointed Wall Street.

St. Jude Medical Inc., down $2.65 to $68.59

The heart device maker said Daniel Starks will step down as president and CEO on Jan. 1. He'll be replaced by current Chief Operating Officer Michael Rousseau.

Nasdaq

Netflix Inc., up $4.23 to $99.18

The Internet television company plans to enter four more Asian markets next year as it steps up its international expansion.

Dave & Buster's Entertainment Inc., up $2.98 to $40.34

The owner of Dave & Buster's chain restaurants and arcades reported better-than-expected fiscal second-quarter profit and revenue.

Yahoo Inc., up 62 cents to $31.52

The Internet company withdrew its request for an IRS ruling on whether its planned spinoff of its stake in Alibaba will be tax-free.