Caterpillar and Dollar Tree sink while H&R Block rallies



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:

Dollar Tree Inc., down $15.11 to $89.25

The discount retailer had a weak fourth quarter and its forecasts for 2018 disappointed investors.

Caterpillar Inc., down $2.24 to $151.51

Industrial companies slumped as investors felt the departure of Trump adviser Gary Cohn suggests more protectionist trade policies are coming.

H&R Block Inc., up $2.96 to $28.73

The tax preparer did better in the third quarter than analysts had anticipated.

International Paper Co., down $2.70 to $55

The paper and packaging company offered to buy European competitor Smurfit Kappa Group.

AutoDesk Inc., up $17.83 to $137.70

The design software maker topped expectations in its latest quarter.

Abercrombie & Fitch Co., up $2.54 to $23.89

The teen clothing retailer said its Hollister brand had a strong quarter, and it topped Wall Street expectations.

Brown-Forman Corp., down $3.15 to $52.89

The maker of Jack Daniel's and other alcohol brands forecast a smaller-than-expected profit in 2018.

Exxon Mobil Corp., down $1.92 to $74.26

Energy companies sank along with oil prices after the government said U.S. oil production increased last week.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast