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Macy's, Freddie Mac among big market movers



By AP
14 May 2008 @ 02:34 pm EST

NEW YORK - Stocks that are moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq:

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Quotes
M 14.98 -0.21
FRE 1.42 -0.07
DE 37.29 -1.95
SNE 26.46 -1.53
WFMI 17.95 -0.05
YHOO 15.31 -0.69
IACI 15.96 -0.1
JAVA 6.6 -0.15

SYMBOL LOOKUP

NYSE

Macy's Inc., up $1.13 at $25.19

Despite weak consumer spending, adjusted profit topped expectations for a loss, the department store operator said.

Freddie Mac, up $2.24 at $27.20

The nation's second-largest buyer and backer of home loans posted a loss of $151 million, but it was still better than expected.

Deere & Co., down $8.52 at $81.67

The machinery maker said rising costs for raw materials and soft demand for construction equipment may weigh on results for the rest of the year.

Sony Corp., up $4.36 at $50.42

Strong sales of flat panel TVs and digital cameras helped the electronics company swing to a fiscal fourth-quarter profit.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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