Apple, Deere and Macy's are big market movers

NEW YORK, (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Macy's Inc., down $2.17 to 46.33

Macy's trimmed its outlook for the year after posting disappointing sales figures. The storied retailer says its customers are still uncomfortable spending money in the current economic environment.

SeaWorld Entertainment Inc., down $1.37 to $34.94

The water theme park belly flopped with its first quarterly financial report since going public, as foul weather and higher ticket prices kept crowds away.

Deere & Co., down $1.57 to $82.34

Profits were much larger than expected during the most recent quarter, as was revenue, but the agricultural machinery manufacturer said sales for the current quarter will be lower than last year. Some industry watchers see a company at the peak of the current industry cycle.

Newmont Mining Corp., up $1.86 to $31.94

Gold futures are up 3.6 percent this week and up more than 4 percent for the month, giving all gold miners a lift in the midst of a very tough year.

Nasdaq

Apple Inc., up $8.93 to $498.50

Shares of the tech giant hit $500 earlier in the day, the first time that has happened since anxiety over iPhone sales sent shares tumbling in January. Activist investor Carl Icahn announced he has taken a large stake in the company and said its shares are undervalued.

Cree Inc., down $16.93 to $58.83

A huge profit spike was overshadowed by a cautious outlook from the maker of energy-efficient lighting. The company projected quarterly earnings of between 36 and 41 cents, which even at the high end, is short of Wall Street expectations.

Ebix Inc., up 60 cents to $11.02

The software company announces a partnership to create new medical training programs for Intel's Ultrabook.

Acorn Energy Inc., up 31 cents to $6.74

An agreement to sell and supply "one of the world's largest oil service companies" with a subsurface mapping system sent shares of the energy technology and consulting company higher.