Gilead and Snap slip while Apple and AmerisourceBergen jump
Stocks that moved substantially or traded heavily on Wednesday:
Apple Inc., up $7.47 to $176.57
The tech giant had a solid quarter and said it will raise its dividend and buy back $100 billion in stock.
Gilead Sciences Inc., down $5.68 to $66.88
The company said growing competition hurt sales of its HIV drugs in the latest quarter.
Snap Inc., down $3.10 to $11.03
The video chat company said revenue slumped, partly because of design changes some users have criticized.
Xerox Corp., down $2.91 to $29.38
The company said CEO Jeff Jacobson will quit and it named six new board members.
Juniper Networks Inc., up 18 cents to $24.92
The computer-network equipment maker issued solid results for the first quarter and forecasts for the current period.
Molson Coors Brewing Co., down $11.04 to $60.64
The beer maker's profit and revenue fell short of Wall Street forecasts.
AmerisourceBergen Corp., up $2.98 to $92.18
The prescription drugs distributor had a better quarter than analysts expected.
Unum Group, down $8.12 to $39.78
Insurers including Unum and Allstate slumped following their first-quarter reports.