Caterpillar and D.R. Horton are big market movers

Published on NewsOK Modified: April 24, 2014 at 3:42 pm •  Published: April 24, 2014
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NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Zimmer Holdings Inc., up $10.52 to $101.97

The medical device maker snaps up Biomet for more than $13 billion, an acquisition that will be an immediate boost to its earnings.

Caterpillar Inc., up $1.90 to $105.28

The construction equipment maker raised its 2014 earnings forecast and quarterly earnings jumped 5 percent even with mining sales slow.

United Parcel Service Inc., down 60 cents to $98.64

Terrible weather hampered the shipping giant and it fell short of Wall Street expectations for the first quarter.

D.R. Horton Inc., up $1.78 to $23.13

Profit at the nation's largest homebuilder jumped 18 percent in the first quarter as it sold more homes and benefited from rising prices.

Nasdaq

Apple Inc., up $43.02 to $567.77

A seven-for-one stock split and a fat dividend payout upstaged a strong quarter from the tech giant, which topped expectations.

Facebook Inc., down 49 cents to $60.87

Spiking ad revenue at the social network fueled a tripling of earnings and sharply higher revenue during the first quarter.

Zynga, Inc., down 7 cents to $4.35

Founder Mark Pincus is stepping down as chief product officer, a show of confidence in Don Mattrick, who replaced him as CEO.

Celgene Corp., down $3.57 to $141.25

First-quarter revenue soared 18 percent as the drugmaker rode strong sales of its cornerstone blood-cancer treatment, Revlimid.