Dow and Kinder Morgan are big market movers

AP News
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Posted: Dec 09, 2015 4:33 PM

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

NYSE

The Dow Chemical Co., up $6.07 to $56.97

The chemicals company and rival DuPont are considering a potential merger deal, according to The Wall Street Journal.

Kinder Morgan Inc., up $1.09 to $16.81

The pipeline operator cut its quarterly dividend by 75 percent, saying it would help fund expansion and maintain its credit rating.

Freeport-McMoRan Inc., up 25 cents to $6.99

The copper and gold producer will suspend its dividend and make more spending cuts due to the weak market for commodities.

SunEdison Inc., up 51 cents to $3.96

The solar energy company cut the cash portion of its offer for Vivint Solar Inc. but boosted the deal's stock component.

J.C. Penney Co., down 25 cents to $7.47

The U.S. government is suing the department store operator over claims of false advertising on textile fiber products.

Nasdaq

Lululemon Athletica Inc., down $6.84 to $45.32

The yoga-wear retailer reported worse-than-expected third-quarter profit and revenue and lowered its full-year forecast.

Costco Wholesale Corp., down $9.15 to $159.72

The warehouse club reported a drop in fiscal first-quarter profit, with earnings and revenue falling short of expectations.

SunPower Corp., down $2.06 to $23.04

The solar power systems company hopes to raise $350 million through a private offering of convertible debentures.