Closing Bell: Qualcomm, Tyson, Sally Beauty
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
-Qualcomm, Micron, Intel (QCOM, MU, INTC) extended gains after many chip stocks closed at record highs on Friday. The latest surge is boosted by continued investor enthusiasm over AI infrastructure build-outs.-Trade Desk (TTD) fell after HSBC analyst Mohammed Khallouf cut his recommendation to reduce from hold, following the advertising-technology company’s disappointing earnings report..-Tyson Foods (TSN) extended losses following a Wall Street Journal report that the White House will temporarily cut beef import tariffs.-Sally Beauty (SBH) shares slide as much as 11%, the most intraday since April of last year, after the retailer gave a weak outlook for the third quarter. On the conference call, the company said it’s seeing pressure in stores that identify as low-income, and “frugality” among lower middle-income consumers.
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