Closing Bell: Memory Stocks Gain, JetBlue Soars, Boeing Falls
· 9:55
Episode Closing Bell: Memory Stocks Gain, JetBlue Soars, Boeing Falls
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 Scarlet Fu, Kristine Aquino, Carol Massar and Tim Stenovec.
• Memory stocks like Western Digital (WDC) and Seagate (STX) gained during trading today on renewed enthusiasm in AI-related companies. After the bell, Seagate reported earnings that beat estimates. Shares of Seagate initially dropped in postmarket trading. • JetBlue (JBLU) reassured Wall Street that it’ll be profitable next year, as the debt-laden carrier seeks to overcome persistent losses and high oil prices to prevent a deeper restructuring. JetBlue rose 20% to $2.86 as of 11 a.m. New York time, with other US major carriers seeing fractional or single-digit gains. The stock had sunk to its lowest level on record on Monday before the earnings report was released, sliding by as much as 18%. • Boeing (BA) shares fell during trading after the planemaker reported a wider-than-expected loss in its main commercial airplane business.
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