JPMorgan Chase, Electronic Arts rise; Broadcom, Amazon fall – WTOP

JPMorgan Chase, Electronic Arts rise; Broadcom, Amazon fall – WTOP

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The Associated Press
May 23, 2022, 4:20 PM
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
Broadcom Inc., down $16.83 to $526.36.
The chipmaker is reportedly offering to buy cloud-computing company VMware.
Electronic Arts Inc., up $3.01 to $133.77.
The maker of “The Sims” and other video games is reportedly considering offering itself for sale.
JPMorgan Chase & Co., up $7.26 to $124.60.
The bank gave investors an encouraging update on its financial forecasts.
Take-Two Interactive Software Inc., up $7.50 to $123.62.
The publisher of “Grand Theft Auto” and other video games completed its buyout of “Farmville” maker Zynga.
Bank of America Corp., up $2.01 to $35.87.
Banks gained ground along with rising bond yields, which permit them to charge more lucrative interest on loans.
Freeport-McMoRan Inc., up $2.04 to $38.35.
The copper miner’s stock rose along with the metal’s price.
Pfizer Inc., up 41 cents to $52.88.
The drug developer said three small doses of its COVID-19 vaccine protect kids under 5.
Amazon.com Inc., down 68 cents to $2,151.14.
The online retail giant is reportedly looking to cut some of its warehouse capacity as the pandemic-driven surge fades.
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