Stock Movers

Closing Bell: Coinbase Rallies, Ross Stores Climbs, Apple Slips


Listen Later

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

-Coinbase (COIN) shares rallied for its best day since February 13. The big surge in investor interest comes one day after Politico reported that President Trump met privately the company's CEO Brian Armstrong.

-Ross Stores (ROST) shares rallied after the off-price apparel and home accessories retailer reported comparable sales growth for the fourth quarter of 9%, easily beating the consensus growth estimate of 4.9%. Momentum has continued, with management stating it is “very encouraged by the strong start to the Spring season.”

- Apple (AAPL) rolled out the $599 MacBook Neo in its biggest push yet into low-end laptops, aiming to challenge Windows PCs and Chromebooks for budget-minded shoppers. The machine is $400 less than any new-generation laptop Apple has sold before, coming in well below the now $1,099 MacBook Air. The MacBook Neo will be offered in citrus, silver, indigo and blush color options, potentially making it appealing both to students and mainstream consumers. Investor response to the new was tepid. Shares of the tech giant slipped during trading on Wednesday.

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Stock MoversBy iHeartPodcasts

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

19 ratings


More shows like Stock Movers

View all
Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

405 Listeners

Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,168 Listeners

Masters in Business by Bloomberg

Masters in Business

2,191 Listeners

Odd Lots by Bloomberg

Odd Lots

1,983 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

420 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,037 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,307 Listeners

Here's Why by Bloomberg

Here's Why

62 Listeners

Wall Street Week by Bloomberg

Wall Street Week

59 Listeners

The Big Take by Bloomberg

The Big Take

154 Listeners

Bloomberg Daybreak: US Edition by Bloomberg

Bloomberg Daybreak: US Edition

84 Listeners

The Markets by Goldman Sachs

The Markets

78 Listeners

Bloomberg News Now by Bloomberg

Bloomberg News Now

77 Listeners

Bloomberg Daybreak: Asia Edition by Bloomberg

Bloomberg Daybreak: Asia Edition

8 Listeners

Bloomberg Daybreak: Europe Edition by Bloomberg

Bloomberg Daybreak: Europe Edition

11 Listeners