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Friday, Jan 11, 2013 10:00 PM UTC

Best Buy, Nokia, J.C. Penney are market movers

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Topics: From the Wires,

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Best Buy Co. Inc., up $2 at $14.21

The electronics chain reported improved holiday sales online and showed signs of turning around falling sales in its stores.

J.C. Penney Co. Inc., down 89 cents at $18.26

A UBS analyst downgraded the retailer’s stock to “Sell,” citing cash worries and a deteriorating earnings outlook.

The Boeing Co., down $1.93 at $75.16

The Federal Aviation Administration ordered a comprehensive review of critical systems on Boeing’s 787 planes.

Infosys Ltd., up $8.27 at $52.22

The outsourcing firm posted a smaller-than-expected drop in quarterly profit, and the company raised its annual revenue forecast.

KBR Inc., down $2.52 at $29.48

The engineering company and contractor cut its 2012 net income forecast and issued a disappointing outlook for the current year.

Aeropostale Inc., down 86 cents at $12.38

Shares of the teen retailer continued to fall, a day after the company said that sales during the holiday shopping season declined.

Nokia Corp., up 25 cents at $4.70

Shares of the phone maker continued to rise after the company said that its fourth-quarter sales exceeded its own expectations.

Nasdaq

Pacific Sunwear of California Inc., up 4 cents at $1.90

The surf-and-skate-inspired retailer reported a 1 percent increase in a key revenue metric from a year ago during the holiday season.

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