Merrill, IBM, Nokia, Harley among big market movers Thursday

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange:

Merrill Lynch & Co., up $1.82 at $46.71

The world's largest brokerage will cut thousands of jobs following a bigger-than-expected first-quarter loss, but said April is shaping up to be a better month.

International Business Machines Corp., up $2.61 at $123.08

Despite broad economic troubles, strong performance in the U.S. and a weak greenback lifted quarterly earnings 26 percent.

Nokia Corp., down $4.74 at $28.95

Although demand from emerging markets lifted the mobile phone maker's first-quarter profit 25 percent, it missed expectations.

Harley-Davidson Inc., down 70 cents at $36.09

A 13 percent drop in domestic sales throttled profit for the motorcycle maker, which also plans to cut about 8 percent of its staff.

Pfizer Inc., down 70 cents at $20.40

The world's biggest drug maker posted a lower first-quarter profit after generic competition hurt sales of blood-pressure drug Norvasc and allergy drug Zyrtec.

MGIC Investment Corp., up $1.99 at $12.49

The nation's largest mortgage insurer lost $34.4 million in the first quarter as it paid out more claims with homeowners defaulting on mortgages.

SLM Corp., up 93 cents at $17.19

Turmoil in the student lending market caused Sallie Mae to record a $104 million first-quarter loss and set aside $137 million for loan losses.

The New York Times Co, down 8 cents at $19.42

Sluggish advertising revenue caused the newspaper publisher to swing to a first-quarter loss that missed Wall Street expectations.