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VOL. 43 | NO. 35 | Friday, August 30, 2019
Boeing, Bank of America fall while Conn's, Newmont gain
By The Associated Press
Stocks that moved substantially or traded heavily on Tuesday:
Apple Inc., down $3.04 to $205.70
The maker of iPhones faces more tariffs on some of its products in the escalating U.S.-China trade war.
Newmont Goldcorp Corp., up 50 cents to $40.39
The price of gold jumped as investors shifted their focus to less risky holdings.
Conn's Inc., up $3.69 to $23.85
The retailer blew past Wall Street's second quarter profit forecasts and also topped revenue expectations.
CNH Industrial NV, down 28 cents to $9.98
The industrial vehicle company is spinning off its truck unit as part of a five-year restructuring plan.
Concho Resources Inc., down $3.71 to $69.44
The oil and gas company is selling its New Mexico assets for $925 million to Spur Energy Partners.
Chevron Corp., down $1.45 to $116.27
The price of oil fell as the U.S. and China expanded tariffs on a wide range of products and further threatened global economic growth.
Boeing Co., down $9.67 to $354.42
United Airlines and American Airlines have both delayed until December the expected return of Boeing 737 Max jets.
Bank of America Corp., down 46 cents to $27.05
Bond yields fell sharply, which forces interest rates lower on loans.