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HP and Everest Re jump while Centene and PG&E stumble

October 14, 2017 10:53 AM

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

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Centene Corp., down $3.12 to $90.56

President Donald Trump said the government will stop making insurance subsidy payments under the 2010 Affordable Care Act.

HP Inc., up $1.31 to $21.71

The printer and PC maker said it will return more cash to investors and gave a solid forecast for 2018.

Tiffany & Co., up $2.32 to $94.40

The Commerce Department said retail spending climbed in September.

Wells Fargo & Co., down $1.52 to $53.69

The bank's third-quarter results fell short of Wall Street estimates as its legal costs grew.

Everest Re Group Ltd., up $13.70 to $240.51

The reinsurance company estimated its losses from recent hurricanes and earthquakes in Mexico will be $1.2 billion before taxes.

PG&E Corp., down $6.78 to $57.72

California officials are investigating whether the massive wildfires in the state were caused by downed power lines or utility equipment failures.

First Republic Bank, down $7.20 to $94.97

The bank's third-quarter profit and revenue disappointed investors, who were concerned about its expenses.

United States Steel Corp., up $1.80 to $27.36

Bloomberg News reported that Chinese imports of iron ore climbed to a record high in September.

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Copyright 2017 The Associated Press. All rights reserved.

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