AP News

Yahoo, 3M, Coach are market movers


NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

3M Co., down $3.80 at $88.73

The maker of Post-it notes and coatings for LCD screens, cut its profit expectations for this year due to economic conditions.

Coach Inc., up $3.98 at $58.15

Thanks to strong sales in the U.S. and abroad, the luxury accessories maker posted a 3 percent increase in its fiscal first-quarter profits.

Harley-Davidson Inc., up $3.36 at $46.89

The motorcycle maker said that its net income in the third quarter fell 27 percent, but the results met Wall Street expectations.

Nokia Corp., down 13 cents at $2.68

The cellphone maker is planning to raise about $980 million by issuing bonds as part of an effort to build up its reserves.

AK Steel Holding Corp., down 32 cents at $5.19

The steel maker said that its third-quarter loss widened to $60.9 million as steel prices and volume fell.

Nasdaq

Yahoo Inc., up 90 cents at $16.67

The Internet company posted third-quarter results that beat expectations. It was the first earnings report for new CEO Marissa Mayer.

Monster Beverage Corp., down $4.65 at $41.08

The energy drink maker's shares fell a day after the FDA said it is investigating reports of people dying after consuming its drinks.


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