Closing Bell: Lowe's Rallies, Alphabet Higher on Gemini Reviews, Abbott Labs Sinks

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, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Lowe's (LOW) closed about 4% higher after the company reported profit that topped expectations on a pickup in online sales and growth in demand from professional contractors. Adjusted earnings per share were $3.06 in the third quarter, the company said in a statement Wednesday, compared with the $3.00 estimate of analysts surveyed by Bloomberg. Lowe’s reported positive same-store sales growth for a second consecutive quarter on strength in its digital channel and in home services.

- Alphabet (GOOGL) rose after glowing reviews for its newly released Gemini artificial intelligence model. The stock's rally extended a banner year for Alphabet, with its 57% jump in 2025 making it the best-performing member of the Magnificent 7 cohort.

 - Abbott Labs (ABT) closed 2.96% lower. Abbott Laboratories is nearing a potential acquisition of Exact Sciences, in what would be its largest deal in nearly a decade, people familiar with the matter said. A deal could be announced in the coming days, and including a premium, a takeover of Exact Sciences would be the largest deal of the year in the health-care sector, data compiled by Bloomberg show.

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