Fannie Mae, MBIA, McDonald's are big movers
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(AP) - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Fannie Mae, down $1.01 at $8.94
The mortgage financier swung to a second-quarter loss of $2.3 billion, or $2.54 a share, more than triple what Wall Street expected.
MBIA Inc., up 55 cents at $8.83
The bond insurer reported that its second-quarter earnings rose because of unrealized gains on credit derivatives.
McDonald's Corp., up $4.04 at $65.90
The fast-food firm said strong demand for breakfast items helped lift global same-store sales 8 percent in July.
Beazer Homes USA Inc., up 47 cents at $6.40
The home builder reported that lower expenses helped narrow its fiscal third-quarter loss, even as revenue fell.
Rackspace Hosting Inc., down $1.65 at $10.85
The computer hosting firm became the latest example of a weak market for initial public offerings, opening 20 percent below its offering price.
UBS AG, up 73 cents at $21.13
The Swiss bank said it would repurchase $19.4 billion in auction-rate securities from individual investors.
Edison International, up 40 cents at $46.85
The utility posted second-quarter earnings of $262 million, or 79 cents a share, as revenue rose, topping Wall Street forecasts.
NASDAQ
UAL Corp., up 96 cents at $10.57
The parent of United Airlines traded higher on above-average volume as airline stocks were lifted by falling oil prices.