Qualcomm and Progressive jump while Wave Life Sciences drops
Stocks that moved substantially or traded heavily on Tuesday:
Qualcomm Corp., up $13.27 to $70.45
The mobile chip maker settled a long-running financial dispute with iPhone maker Apple.
Johnson & Johnson, up $1.50 to $138.02
The maker of Tylenol and psoriasis drug Stelara reported higher prescription drug sales and it beat profit forecasts.
Wave Life Sciences Ltd., down $9.55 to $24.47
The drug developer reported that some patients in an early study of a potential muscular dystrophy drug experienced some severe side effects.
Scientific Games Corp., up $1.68 to $22.57
The maker of betting machines and technology is partnering with Wynn Resorts to help develop digital sports betting and gaming.
JB Hunt Transport Services Inc., down $5.22 to $100.28
The trucking and logistics company's first quarter profit and revenue fell short of Wall Street forecasts.
Progressive Corp., up $5 to $77.26
The insurer's first-quarter profit surged past Wall Street profit forecasts on higher premiums.
Omnicom Group Inc., up $4.35 to $81.25
The advertising company beat first quarter forecasts for a key profit measure and reported higher spending by clients.
BlackRock Inc., up $14.68 to $466.54
The investment firm's first quarter profit surged past Wall Street forecasts as a rebounding market helped to increase assets.
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