McKesson and Morgan Stanley climb; Southwestern Energy drops

AP News
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Posted: Jan 03, 2017 4:49 PM

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday:

Southwestern Energy Co., down 85 cents to $9.97

Natural gas companies fell as futures for that fuel plunged.

Fiat Chrysler Automobiles NV, up 43 cents to $9.55

The automaker announced a partnership with Google over the holiday weekend.

Xerox Corp., up $1.14 to $6.89

The document company officially split from its business process outsourcing unit, now a separate company called Conduent.

Facebook Inc., up $1.81 to $116.86

Technology stocks did better than the rest of the market on Tuesday.

Morgan Stanley, up 80 cents to $43.05

Financial firms traded higher as bond yields jumped and interest rates turned higher.

Depomed Inc., up $2.32 to $20.34

The New York Post reported that private equity firm KKR might buy the drugmaker.

Exelon Corp., down 30 cents to $35.19

Utility companies, which pay big dividends like bonds, lagged the market Tuesday as yields rose.

McKesson Corp., up $6.98 to $147.43

Health care companies, including drugmakers and distributors, made some of the largest gains in Tuesday trading.