WEBVTT - Closing Bell: Apple Closes Higher, Cleveland-Cliffs Rises on Earnings, AppLovin Sinks 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>This is the closing bell on this stock movers report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenebeck, Romain Bostick and Scarlet Food folks.

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<v Speaker 3>This rally today pretty broad based, Katie. We've got four

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<v Speaker 3>hundred and fourteen names in the s and P five

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<v Speaker 3>hundred higher in today's session, eighty five to the downside

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<v Speaker 3>for unchanged.

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<v Speaker 4>Well, the circle probably says the same thing when you

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<v Speaker 4>take a look at the sectors nine finishing in the green,

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<v Speaker 4>just two in the red. Communications services, materials, industrials, those

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<v Speaker 4>are some of your biggest winners today. Then you take

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<v Speaker 4>a look at what didn't do too hot, consumer staples, utilities.

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<v Speaker 4>Those are typically defensive sectors. To see them down just

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<v Speaker 4>a little bit here really speaks to just how risk

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<v Speaker 4>gone this Monday was.

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<v Speaker 3>All right, guys, with all that green lots to choose from.

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<v Speaker 1>I just want to point out something too, just to

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<v Speaker 1>be clear here. The NAZA one hundred did close at

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<v Speaker 1>a record high, but not the composite.

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<v Speaker 3>Okay, good to know, Good to know, hey, Having said that,

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<v Speaker 3>a good reason why we saw that composite moving up

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<v Speaker 3>on this Monday Apple Apple shares finishing off the highs

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<v Speaker 3>of this session, but still with a gain of just

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<v Speaker 3>shy of four percent, hitting their first record of twenty

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<v Speaker 3>twenty five after Luke Capitol upgraded the stock to buy

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<v Speaker 3>from Hull, becoming the latest firm to cite positive iPhone demands.

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<v Speaker 3>We did have reporting out on the terminal about Apple's

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<v Speaker 3>latest generation of iPhones. We're talking about the iPhone seventeen

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<v Speaker 3>series off to a faster start than usual with its

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<v Speaker 3>most basic model surging and popularity. So man, that was

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<v Speaker 3>certainly a lot of momentum in today's trade. Got to

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<v Speaker 3>mention Cleveland Cliffs, that stock up just about twenty one

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<v Speaker 3>and a half percent today after the company posted stronger

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<v Speaker 3>than expected earnings and disclosed a pact with another metal producer.

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<v Speaker 3>The companies said it discovered two sites with potential to

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<v Speaker 3>produce rare earth minerals, one in Michigan another in Minnesota,

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<v Speaker 3>and as evaluating whether rare earth minerals can be extracted

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<v Speaker 3>from those minds. So again, that trade, that play, we

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<v Speaker 3>continue to see that having momentum here in twenty twenty five.

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<v Speaker 3>Got to mention Zions, We are waiting that company to

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<v Speaker 3>report earnings. That regional bank stock up four point six

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<v Speaker 3>percent today's session, higher after wild week last week on

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<v Speaker 3>concerns about credit. The stock, as we mentioned, hired today today,

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<v Speaker 3>gain of about nine percent in today's session after dropping

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<v Speaker 3>five percent last week.

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<v Speaker 1>But we'll wait for.

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<v Speaker 3>An update on its business as it gets ready to

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<v Speaker 3>report in any moment. And just honorable mention those rare

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<v Speaker 3>earth and critical mineral stocks on the move, US Antimony

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<v Speaker 3>among them. This after William Blair came out and talked

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<v Speaker 3>about these companies initiating the companies at an outperform. I

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<v Speaker 3>just had to mention because we talked to US Antimony today,

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<v Speaker 3>the CEO that stock was up nineteen percent today's session.

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<v Speaker 5>Is a big move higher, especially for that company. That's

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<v Speaker 5>what does it more than doubled so far this year. Yeah,

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<v Speaker 5>like four percent is not like five hundred pcent pretty incredible.

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<v Speaker 3>Hey.

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<v Speaker 5>Some of the stocks in the red, not too many,

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<v Speaker 5>but a couple prominent ones. I want to start with

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<v Speaker 5>Oracle down four point nine percent. Hears fell for a

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<v Speaker 5>second day in a row. They were fell close to

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<v Speaker 5>seven percent on Friday, down another close to five percent today.

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<v Speaker 5>Still up though more than sixty six percent so far

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<v Speaker 5>this year. No real catalyst for this move, but again

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<v Speaker 5>still up more than sixty six percent so far this

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<v Speaker 5>year and among the worst performers in the S and

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<v Speaker 5>P five hundred today. The worst performer in the S

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<v Speaker 5>and P five hundred, though, was app Lovin, down five

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<v Speaker 5>point six percent. Shares fell after The New York Post

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<v Speaker 5>reported that state regulators have reached out to multiple short

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<v Speaker 5>sellers and a possible preliminary probe for the mobile advertising company.

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<v Speaker 5>The states include Delaware, Oregon, in Connecticut. The report comes

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<v Speaker 5>after news earlier this month that the SEC has been

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<v Speaker 5>probing app Loven's and data collection practices, and finally, ADRs

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<v Speaker 5>of BNP Perryba closed down nine percent Today. A jury

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<v Speaker 5>found that BNP Periba was liable for its role in

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<v Speaker 5>enabling genocide in Sudan, worrying about twenty one million dollars

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<v Speaker 5>to three plaintiffs. That verdict triggering speculation that the firm

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<v Speaker 5>will have to agree to expensive settlement, with one analyst

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<v Speaker 5>estimating a possible settlement of as much as ten billion dollars.

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<v Speaker 5>Shares in France fell close to eight percent the verdict.

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<v Speaker 5>Those quote specific to these three plainiffs, and any attempt

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<v Speaker 5>to extrapolate is necessarily wrong, as any speculation regarding a

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<v Speaker 5>potential settlement is, the bank said Part Bank in Parts

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<v Speaker 5>said in a statement.

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<v Speaker 1>Let's take a quick look at yields. We did actually

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<v Speaker 1>see prices across the board higher, with most of the

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<v Speaker 1>activity on the longer end of the curve. That push

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<v Speaker 1>your thirty year yield down by about three to four

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<v Speaker 1>basis points. Similar move today for the twenty year. Your

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<v Speaker 1>ten year yield now at three to nine to eight,

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<v Speaker 1>down about three basis pointskis from where it was on Friday.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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