Wynn, Marathon Oil rise; Microsoft, Lowe’s fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Marathon Oil Corp., up 29 cents to $27.07.
Energy stocks held up better than the rest of the market as U.S. crude oil prices edged higher.
Microsoft Corp., down $1.19 to $239.82.
Big technology stocks led the broader market lower, as they have all year, amid rising interest rates and inflation concerns.
Freeport-McMoRan Inc., down 31 cents to $38.
The copper miner slipped as prices for the metal edged lower.
Wynn Resorts Ltd., up $1.21 to $82.47.
Casinos with operations in China rose as that country continues to focus on easing restrictions on travel and commerce.
Lowe’s Companies Inc., down $3.02 to $199.24.
Home-improvement retailers slipped amid concerns about a weakening housing market and inflation cutting into consumer spending.
American Airlines Group Inc., up 2 cents to $12.72.
Air travel continued stabilizing following delays and cancellations over the last holiday weekend.
Qualcomm Inc., down 10 cents to $109.94.
Chipmakers remain weighed down by concerns about weaker demand heading into 2023.
Rogers Communications Inc., up $1.79 to $46.84.
Canada’s Competition Tribunal rejected an effort to block the wireless communications company’s purchase of Shaw Communications.