The markets engaged in another big rally as the major indices rode the Intel earnings wave. The Dow closed up 3.1%, the S&P gained 3%, and the Nasdaq added 3.5% to end Wednesday’s trading session.
Here are Wednesday’s winners and losers:
Winners
Gannett Co. Inc. (GCI)
The nation’s largest publisher jumped 28.9% on a better-than-expected second-quarter profit. GCI shares closed at $4.50, a gain of $1.01 on the day.
Capital One Financial Corp. (COF)
News that credit delinquency rates were down in June sent COF shares up11.8%. The stock gained $2.73 to settle at $25.84.
American Express Co. (AXP)
American Express was another credit-card giant to cheer the falling delinquency rate, with shares gaining 11.3% Wednesday to settle at $27.22 – a gain of $2.76 on the day.
Genworth Financial Inc. (GNW)
The financial-security firm declared a dividend on Wednesday and shares gained 11%. The stock ended the day up 61 cents at $6.16.
Advanced Micro Devices Inc. (AMD)
The semiconductor rode the Intel wave, gaining 8.7% as tech spending looks to have stabilized. AMD finished the session at $3.86, a gain of 31 cents on the day.
Losers
Yum! Brands Inc. (YUM)
While profit rose in second quarter, news of continued cost-cutting dropped the restaurant chain titan 5.5% on Wednesday. YUM closed at $34.04, a loss of $1.99 on the day.
Abbott Laboratories (ABT)
The pharmaceutical company fell 2.6% on Wednesday after earnings were hampered by restructuring charges. ABT last traded at $45.28, a loss of $1.21.
Total System Services Inc. (TSS)
News that the electronic processing payment company was put on Goldman Sachs’s conviction sell list by dropped shares 1.8%. TSS ended down 23 cents, with shares settling at $12.80.
DaVita Inc. (DVA)
The dialysis-equipment provider fell 1.2% on Wednesday. DVA traded down 58 cents to $49.14.
Darden Restaurants Inc. (DRI)
The Red Lobster and Olive Garden owner fell 1.1% to end Wednesday’s session. DRI last traded at $33.32, a loss of 37 cents on the day.
Market Winners & Losers: AIG, CIT
