Macy's, Freddie Mac among big market movers

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.

NASDAQ

Whole Foods Market Inc., down $4.14 at $29.50

Costs for its purchase of rival Wild Oats Markets Inc. weighed down quarterly profit, which fell 13 percent to miss expectations.

Yahoo Inc., up 67 cents at $27.23

Billionaire investor Carl Icahn is reportedly loading up on the Internet icon's stock to oust the board in hopes for a renewed bid from Microsoft.

IAC/InterActiveCorp., up 99 cents at $23.99

Key shareholder Liberty Media Corp. and the Internet conglomerate have reached an agreement to spin off four businesses.

Sun Microsystems Inc., up 56 cents at $13.33

An analyst upgraded the stock to "Outperform" on a lower stock price. Shares have declined 22 percent since May 1.