Fannie Mae, Wachovia, Lehman Brothers big movers
NEW YORK --Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Fannie Mae, down $6.31 at 73 cents
News of the U.S. government's takeover of the mortgage financier weighed heavily on shares of Fannie Mae and competitor Freddie Mac.
Wachovia Corp., up $2.24 at $18.99
The government bailout of Fannie and Freddie boosted the banking firm and many of its peers that have significant exposure to mortgages.
Lehman Brothers Holdings Inc., down $2.05 at $14.15
Sentiment resurfaced that the investment bank is having a hard time finding an investor willing to help shore up its balance sheet.
KB Home, up $2.93 at $23.54
Shares of the homebuilder and its peers rallied on hopes the Fannie and Freddie bailout would put a floor under the housing market.
UST Inc., up $1.35 at $68.90
Marlboro cigarette maker Altria announced it will buy the maker of Skoal and Copenhagen smokeless tobacco for about $10.3 billion.
NASDAQ
UAL Corp., down $1.38 at $10.92
United Airlines parent fell sharply but came well off its lows of the session after an investment newsletter mistakenly passed along an old news story about the company's 2002 Chapter 11 filing.
Electronic Arts Inc., down 54 cents at $45.94
The video game maker expects to release "Harry Potter and the Half-Blood Prince" next summer, eight months later than expected.
Cisco Systems Inc., up $1.11 at $23.37
Goldman Sachs placed the networking firm on list of its favorite technology growth names and said its valuation seems attractive. 