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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