Macy's, Freddie Mac among big market movers

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Stocks that are moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq:

NYSE

Macy's Inc., up 87 cents at $24.93

Despite weak consumer spending, adjusted profit topped expectations for a loss, the department store operator said.

Freddie Mac, up $2.29 at $27.25

The nation's second-largest buyer and backer of home loans posted a loss of $151 million, but it was still better than expected.

Deere & Co., down $8.94 at $81.25

The machinery maker said rising costs for raw materials and soft demand for construction equipment may weigh on results for the rest of the year.

Sony Corp., up $3.87 at $49.93

Strong sales of flat panel TVs and digital cameras helped the electronics company swing to a fiscal fourth-quarter profit.

NASDAQ

Whole Foods Market Inc., down $4.68 at $28.96

Costs for its purchase of rival Wild Oats Markets Inc. weighed down quarterly profit, which fell 13 percent to miss expectations.

Yahoo Inc., up 58 cents at $27.14

Billionaire investor Carl Icahn is reportedly loading up on the Internet icon's stock to oust the board in hopes for a renewed bid from Microsoft.

IAC/InterActiveCorp., up 73 cents at $23.73

Key shareholder Liberty Media Corp. and the Internet conglomerate have reached an agreement to spin off four businesses.

Sun Microsystems Inc., up 40 cents at $13.17

An analyst upgraded the stock to "Outperform" on a lower stock price. Shares have declined 22 percent since May 1.

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