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IBM, Express rise; Netflix, Baker Hughes fall

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Netflix Inc., down $12.11 at $326. The streaming video company gave investors a weak forecast for subscriber growth. IBM (IBM), up $4.72 at $143.89.

The technology and consulting company's fourth-quarter profit and revenue beat Wall Street forecasts. Eaton Corp., up $2.64 at $97.16. The power management company is selling its hydraulics business to Danfoss A/S for $3.3 billion in cash.

Intel Corp., up $2.18 at $62.73. The chipmaker said Andy Bryant stepped down as chairman and will be succeeded by Omar Ishrak. Capital One Financial Corp., up $4.57 at $106.76. The credit card issuer and bank reported surprisingly good fourth-quarter earnings.

Express Inc., up 86 cents at $5.01. The retailer announced plans to cut costs and close 100 stores over the next two years. Navient Corp., up $1.32 at $15.18. The student loan company's fourth-quarter profit and revenue beat Wall Street forecasts.

Baker Hughes Co., down 5 cents at $22.68. The oilfield services company reported disappointing fourth-quarter earnings as lower demand hurt the industry.

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