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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is the closing bell on this stock movers report

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Speaker 2: the company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostick, and Scarlet.

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Speaker 1: Foo SNB five hundred. Let's go back there, folks, despite

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Speaker 1: down for the day overall, you look inside the index,

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Speaker 1: matt and you've got three hundred and eighty nine names

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Speaker 1: actually in the S and P five hundred gaining ground

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Speaker 1: today on hundred and thirteen to the downside, one unchanged.

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Speaker 3: I was a young buck doing my first Wall Street

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Speaker 3: internship at Tucker Anthony. Tell me more, John Hancock Company.

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Speaker 3: Back when the dow crossed through six thousand?

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Speaker 4: What did you do?

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Speaker 5: How do you celebrate?

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Speaker 3: And you know what, I was the guy in the office.

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Speaker 3: I was the kid who could use the Bloomberg terminal wow,

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Speaker 3: And so that was like my only skill and I

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Speaker 3: didn't do much else.

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Speaker 1: They call you Mattie back then, I just called you

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Speaker 1: Maddy on air. We would get you ready to come

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Speaker 1: to you, I.

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Speaker 3: Don't think so. Here's the IMAP, which is a look

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Speaker 3: at the industry group breakdown on the S and P

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Speaker 3: five hundred. You can see that the tech stocs are

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Speaker 3: not saving the day, down about one and a half percent.

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Speaker 3: All of the indexes only down by two tens of

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Speaker 3: one percent. So you did have more groups winning than losing.

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Speaker 3: And as Carol points out, the financials are the biggest gainers,

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Speaker 3: up about one point two percent, even though even though

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Speaker 3: JP Morgan and Goldman Sachs both fell after earnings, that

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Speaker 3: beat analyst estimates.

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Speaker 1: Right, kind of impressive to see that, all right, So

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Speaker 1: let's get to Matt kind of setting me up really well,

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Speaker 1: Let's get to some of the individual gainers, if I may.

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Speaker 1: So we know that City and JP Morgan, not City,

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Speaker 1: JP Morgan and Goldman not having such a great day

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Speaker 1: and not getting such a warm reception on Wall Street.

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Speaker 1: Having said that City group in Wells Fargo certainly did.

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Speaker 1: They showed the out performance City at the close here

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Speaker 1: up three point nine percent, Wells Fargo a gain of

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Speaker 1: more than seven percent, some real outperformance. Wells Fargo, by

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Speaker 1: the way, the top gainer in the S and P

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Speaker 1: five hundred today, You did have them beating Wall Street

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Speaker 1: revenue estimates across all five of its major business lines,

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Speaker 1: total revenue jumping nine percent markets, banking services. I mean,

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Speaker 1: these companies really some ount performance.

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Speaker 2: For Wells Fargo.

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Speaker 1: We talked to Alison Williams here on Bloomberg Business Week Daily,

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Speaker 1: and you know, finally it seems like they are just

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Speaker 1: kind of getting their house in order and their metrics

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Speaker 1: really impressive, and because we know that they've had a

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Speaker 1: couple of years where it's been really really tough. So anyway,

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Speaker 1: real outperformance in those and we get ready for some

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Speaker 1: more big banks tomorrow. Advanced Micro was up four percent,

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Speaker 1: finishing the day with a gain of about eight tens

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Speaker 1: ofve a percent, top gainer in the socks today, AMD

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Speaker 1: coming out saying Oracle will deploy a large batch of

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Speaker 1: its forthcoming M fourteen to fifty chips next year. So

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Speaker 1: Oracle's going to put about fifty thousand of those seven

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Speaker 1: ME conductors and data center computers starting in the third

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Speaker 1: quarter of twenty twenty six. So we've just seen a

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Speaker 1: lot of announcements between chip companies and other companies involving AI.

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Speaker 3: And by the way, who even knows, like, who knows

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Speaker 3: how much that is? Fifty thousand? Is that a lot

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Speaker 3: of chips?

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Speaker 2: Is that a little bit?

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Speaker 3: I don't throw away we throw around these massive numbers

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Speaker 3: right about gigawatts of power, and now I no longer

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Speaker 3: know fifty thousand chips is a lot.

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Speaker 1: What does make your head spind I've just got to say,

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Speaker 1: I King, I'm watching a monitor and he's just getting

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Speaker 1: ready and set up and sitting down. We're going to

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Speaker 1: actually ask that question to him in just a moment.

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Speaker 1: And Walmart got to mention them up about five percent

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Speaker 1: in today's session.

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Speaker 4: Stock on pace.

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Speaker 1: I think they closed maybe at a record high today,

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Speaker 1: and that's after an a announcement from the retail giant,

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Speaker 1: which we will get to more on that in just

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Speaker 1: a moment.

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Speaker 4: Let's get to decliners. We have shares of faning May

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Speaker 4: and Freddiemac ending the day lower, with each box seeing

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Speaker 4: their fourth straight day of losses. Finding May is down

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Speaker 4: by eight percent, Freddimack is down by nearly ten percent.

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Speaker 4: Bloomberg Intelligence says that investors are finally starting to see

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Speaker 4: dilution risks. So when August, Bloomberg reported that the Trump

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Speaker 4: administration is considering selling shares of fanding Man and fred

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Speaker 4: and Mac in an offering that could start as early

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Speaker 4: as this year. Up next to Orion, Orion I should

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Speaker 4: have asked Carol how to pronounce that. But shares are

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Speaker 4: tumbling down. They were down as much as twenty three percent.

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Speaker 4: That's the lowest intra day since August twenty twenty four.

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Speaker 4: But they closed the day lower by just sixteen percent.

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Speaker 4: So this company supplies chemical products like carbon black for coatings, painting, inks, rubber,

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Speaker 4: and other applications for electric vehicles. So the company cut

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Speaker 4: their guidance. That comes as management reduces production levels and

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Speaker 4: as we see continued weakness in the tire industry.

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Speaker 3: Orion is it? Orion's the hunter whom Diana loves.

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Speaker 4: Thank you, I should have asked you, Matt. Okay, last

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Speaker 4: we had the sencore, it's down by more than ten percent,

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Speaker 4: ten point nine, almost eleven that it tumbled as much

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Speaker 4: as seventeen percent in to today, most since May. So

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Speaker 4: this comes after RBC said that elaked abstract for the

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Speaker 4: biotechs experimental antibody for patients with renal cell carcinoma. Maybe

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Speaker 4: MAD would know more about that also may suggest interplay

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Speaker 4: and the future efficacy will determine path forward. That was

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Speaker 4: really a mouthful, and.

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Speaker 1: Let's get to the bomb marked.

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Speaker 5: It was actually open today, not like yesterday. We can

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Speaker 5: actually check yields right now and you can see there

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Speaker 5: was a little bit of a rally when you take

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Speaker 5: a look at the front end of the yield curve.

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Speaker 5: We did hear from fedchair to Rome Pal basically saying

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Speaker 5: that we could see further declines in job openings that

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Speaker 5: might show up in unemployment. But overall it seems like

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Speaker 5: rate cut expectations pretty much unchanged versus where we were yesterday.

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Speaker 5: Slight rally when it comes to the front end, a

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Speaker 5: little bit of weakness when it comes to the ultimate

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Speaker 5: long end, but overall a pretty quiet day overall when

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Speaker 5: it comes to the bond market.

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Speaker 2: Carol this stock mover's report from Bloomberg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street and for the latest

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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Speaker 2: on YouTube, Bloomberg dot com, and on applecar Play and

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