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General Electric, Zoltek among big market movers



By AP
16 May 2008 @ 04:36 pm EST

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

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Quotes
GE 17.55 -0.58
FNM 0.87 0.03
ANF 17.87 1.29
KSS 34.32 0.95
AAP 29.29 -0.12
ZOLT 6.48 -0.29
HR 17.11 -0.16

SYMBOL LOOKUP

NYSE

General Electric Co., down 24 cents at $32.13

The industrial conglomerate will sell or spin off its appliance business, which has been hit hard by a domestic housing slump and economic slowdown.

Fannie Mae, down 34 cents at $29.89

The government-sponsored mortgage financier will scrap higher downpayment requirements for borrowers in distressed real estate markets.

Abercrombie & Fitch Co., up 11 cents at $76.19

Despite high expenses, strong gross margin and sales lifted first-quarter profit 3 percent and above Wall Street expectations.

Macy's Inc., down 10 cents at $25.22

FAO Schwarz will open toy stores in around 700 of the company's department stores over the next two years.

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 This material may not be published, broadcast, rewritten or redistributed.

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