Morgan Stanley and CSX slip; Fastenal and M&T Bank climb

Posted on Thursday, January 17th, 2019 By The Associated Press

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

Morgan Stanley, down $1.96 to $42.53

The bank's fourth-quarter results fell short of expectations as its stock and bond traders struggled.

CSX Corp., down 29 cents to $65.09

The railroad operator forecast far slower revenue growth in 2019.

Signet Jewelers Ltd., down $8.23 to $25.13

The jewelry company said it had a difficult holiday shopping season and slashed its forecasts.

Cars.com Inc., up $1.55 to $24.71

The online auto marketplace said it is considering a sale of the company and other strategic options.

Fastenal Co., $3.22 to $57.34

The industrial and construction fastener maker said customers became a bit less cautious about spending in December.

M&T Bank Corp., up $8.79 to $163.21

The bank's fourth-quarter profit surpassed Wall Street estimates.

PPG Industries Inc., up $4.82 to $107.36

The paint and coatings maker announced solid results in the fourth quarter.

Western Digital Corp., down $1.36 to $36.47

Hard drive makers took sharp losses on Thursday.

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