• Shares of Red Hat, Inc. ( RHT ) declined 1.7% after the company projected second-quarter earnings per share of $0.54, which is below analysts' estimate of $0.55 a share
• Shares of Bank of America Corporation ( BAC ) gained 3.2% after the company said that it is moving closer to settle allegations that it violated rules designed to safeguard client accounts by paying about $400 million to $450 million
• Macy's, Inc. ( M ) shares advanced 1.7% after the company announced that its CEO Terry Lundgren will step down next year, since the company failed to acclimatize to changing consumer demands
• Shares of BlackBerry Limited ( BBRY ) gained 3.9% after the company posted first-quarter fiscal 2017 loss of $0.02 per share, narrower than the Zacks Consensus Estimate of a loss of $0.1
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