Boeing, Adobe Systems and Jabil skid while Canada Goose Holdings advances
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday:
Boeing Co., down $4.54 to $357.88
Industrial company stock fell after the U.S. announced tariffs on $50 billion in Chinese imports and China vowed to retaliate.
Canada Goose Holdings Inc., up $15.17 to $61.02
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The coat maker’s stock extended its climb after its fourth-quarter results surpassed analyst forecasts.
LyondellBasell Industries NV, up $1.17 to $115.32
The chemicals company confirmed it’s discussing a deal with plastic producer Braskem, and A. Schulman shareholders approved its sale to LyondellBassell.
Amag Pharmaceuticals Inc., down 95 cents to $23.80
The company said it is selling its Cord Blood Registry business to a private equity firm for $530 million.
Adobe Systems Inc., down $6.28 to $251.82
The software maker’s results were better than expected, but the stock gave up some of its recent gains.
Jabil Inc., down $1.93 to $27.73
The electronics manufacturer reported strong revenue, but analyst were concerned about its profit margins and supply chain difficulties.
Newfield Exploration Co., down $1.32 to $27.88
Oil and gas company shares fell as fuel prices headed lower.
SunTrust Banks Inc., down 8 cents to $68.81
Bank stocks skidded along with interest rates as investors bought bonds in response to the trade dispute.