Broadcom, Marathon Oil rise; Wells Fargo, Zillow fall

NEW YORK — Stocks that moved substantially or traded heavily Friday:

Broadcom Inc., up $7.51 to $246.94

The technology company announced a $12 billion stock buyback program.

Marathon Oil Corp., up 53 cents to $18.16

Energy companies benefited from an increase in oil prices.

PNC Financial Services Inc., down $6.28 to $145.46

The regional bank reported results that fell shy of analysts' forecasts.

Wells Fargo & Co., down $1.81 to $50.89

The bank said its results may have to be revised following an offer by regulators to settle investigations at a cost of $1 billion.

Qualcomm Inc., up 53 cents to $55.73

The company's former chairman is reportedly trying to line up investors in a bid to take Qualcomm private.

Alaska Air Group Inc., up $3.68 to $63.95

The airline reported a 6.5 percent increase in traffic for March.

Zillow Group Inc., down $3.93 to $49.84

The company said it would expand its Instant Offers program to Phoenix and will buy and sell homes directly.

Coca-Cola Inc., up 48 cents to $44.51

Makers of consumer products did better than the rest of the market.

Other News

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Billionaire hedge-fund manager Steven A. Cohen agrees to stay away from commodities business in deal with US agency

Global stocks dip ahead of release of Fed minutes

Aug 17, 2016

Global stocks and the price of oil dipped Wednesday as investors awaited the release of the minutes to the Federal Reserve's latest meeting for hints on when the next interest rate increase might come

Target cuts outlook as it sees fewer customers in stores

Aug 17, 2016

Target cut its profit forecast and a key sales outlook amid stiffer competition and its own stumbles in areas like groceries

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