A Wall Street sign hangs near the New York Stock Exchange in ... more >As stocks fell Thursday, bonds rallied. The yield on the 10-year Treasury note, which moves inversely to its price, fell 1 basis point to 1.95 percent.
Among other stocks making big moves:
• Akamai Technologies Inc., which helps websites deliver online content, plunged $6.32, or 15.2 percent, to $35.26, after revenue missed forecasts.
• Sprint Nextel Corp fell 3 cents, or 0.5 percent, to $5.74. The country’s third-largest wireless carrier lost $1.3 billion in its latest quarter as it revamped its network to take on larger competitors. The company also lost 243,000 customers in contract-based plans.
• DeVry surged $4.29, or 16.4 percent, to $30.41 after the struggling for-profit education company reported better-than-expected earnings and analysts praised its cost-cutting and restructuring efforts.
• Auto parts retailer O’Reilly Automotive jumped $7.45, or 8 percent, to $100 after earnings beat Wall Street forecasts.
By Andrew P. Napolitano
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