WEBVTT - Closing Bell: Lowe's Rallies, Alphabet Higher on Gemini Reviews, Abbott Labs 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.

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<v Speaker 3>Food A back to the S and P five hundred

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<v Speaker 3>I go most names in the index lowered despite a

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<v Speaker 3>slight gain in the S and P index overall, Katie,

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<v Speaker 3>three hundred and five names to the downside, one hundred

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<v Speaker 3>and ninety four gaining ground on this end video Wednesday,

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<v Speaker 3>and we've got four unchanged.

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<v Speaker 4>Yeah, let's take a look at the circle and the

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<v Speaker 4>sectors similar to yes makeup to yesterday.

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<v Speaker 5>You have six sectors in the green, five in the red.

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<v Speaker 4>Tech though participating higher by about nine tenths of a percent.

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<v Speaker 4>Communication services Materials also having a good in video Wednesday.

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<v Speaker 5>What didn't do too hot today?

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<v Speaker 4>Energy down by one point three percent as a sector.

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<v Speaker 4>Utilities and real estate also bring up the rear.

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<v Speaker 3>All right, guys, let's get to some of the individual

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<v Speaker 3>gainers as we await those. Nvidia earnings lows up about

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<v Speaker 3>four percent in today's session. Throughout the day, we did

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<v Speaker 3>see it as a top gainer in the S and

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<v Speaker 3>P five hundred. The retailer reported profit that topped expectations

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<v Speaker 3>help by consumers spending on home renovations. Reported positive same

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<v Speaker 3>store sales growth for a second consecutive quarter on strength

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<v Speaker 3>in its digital channel and in home services. Adjusted, It's

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<v Speaker 3>flew your profit target to approximately twelve dollars twenty five

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<v Speaker 3>cents per share this fiscal year, accounting for uncertain economic

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<v Speaker 3>conditions and its recently closed acquisition. So an outperformer in

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<v Speaker 3>that one.

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<v Speaker 1>Hey, have you ever been in the lows?

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<v Speaker 5>I'm more of a home.

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<v Speaker 3>Depot kind of gal, But when I first bought my home,

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<v Speaker 3>I was in there, all the tiles.

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<v Speaker 5>I loved it. Oh man, I loved it.

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<v Speaker 3>It's kind of crazy. Have you ever been in one?

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<v Speaker 1>Yeah? Absolutely? When I bought my out Like everyone who buy,

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<v Speaker 1>when you first buy your house, you basically spend every weekend.

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<v Speaker 3>Right, I knew all the aisle.

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<v Speaker 1>You get everything you need to get back to do

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<v Speaker 1>your project and realize I have to go back because

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<v Speaker 1>I forgot those shrews, and go back because I forgot

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<v Speaker 1>that how they get you.

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<v Speaker 6>Then you have to hire the person actually do it.

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<v Speaker 6>You try to do it, and you run into some roadblocks.

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<v Speaker 3>Sometimes I go down an island, I just kind of

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<v Speaker 3>feel like I'm staring at everything, like it's just kind

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<v Speaker 3>of crazy. Hey, I know we're focused on Nvidia, but

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<v Speaker 3>Alphabet you got to mention that one up about three

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<v Speaker 3>percent in today's session earlier inter day, staring the most

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<v Speaker 3>in two months, a wave of glowing reviews for the

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<v Speaker 3>newly released version of its Gemini AI model, spurring investor

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<v Speaker 3>confidence about the company's position in that ever change.

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<v Speaker 4>No, no, we were just talking about this. I don't

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<v Speaker 4>seek technology out, so I haven't used Gemini.

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<v Speaker 5>I haven't used chat chips. But I mean, again, unwittingly,

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<v Speaker 5>I'm sure I've used it in some sense, but I

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<v Speaker 5>don't know. I can't access it on the Bloomberg computer.

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<v Speaker 1>She still reads like a physical news.

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<v Speaker 6>You can access it on the Bloomberg computer.

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<v Speaker 5>I know, but you need to take a course. I'm

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<v Speaker 5>not going to do that. But anyway, just to.

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<v Speaker 6>Quick aside, do you know how long it took me

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<v Speaker 6>to get KT to use Google Docs? Wow, I still

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<v Speaker 6>don't filmed five years, I guess is the answer.

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<v Speaker 5>We work it, Bloomberg. We have the note on.

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<v Speaker 6>The turn anyway, I know the note is the note

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<v Speaker 6>is better.

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<v Speaker 5>Come on, No, it's not good.

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<v Speaker 6>Sorry, No, note is better.

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<v Speaker 1>No.

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<v Speaker 5>Google Docs is a gift.

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<v Speaker 3>It's a gift that keeps on giving. Hey, by the way,

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<v Speaker 3>shares of Google guys, they're up almost fifty five percent

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<v Speaker 3>this year, and I believe they are the best performing

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<v Speaker 3>member of the mag seven.

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<v Speaker 5>So put that in your Yeah, some fake.

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<v Speaker 3>Our pipe and smoke it.

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<v Speaker 5>Hey.

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<v Speaker 3>Consolation Energy, I have to mention that one definitely an

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<v Speaker 3>outperformer in today's session. Number one gainer in the Nasdaq

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<v Speaker 3>one hundred up five point three percent.

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<v Speaker 5>Government.

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<v Speaker 3>US government planning to buy known as many as ten

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<v Speaker 3>large nuclear reactors projects that could be paid for by

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<v Speaker 3>a five hundred and fifty billion dollar pledge investment fund

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<v Speaker 3>being offered by Japan, so you know all of these.

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<v Speaker 3>Of course, they own three Mile Island. We had some

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<v Speaker 3>news on that yesterday about getting a billion dollars in

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<v Speaker 3>backing from the US government on a reopening. So this

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<v Speaker 3>was a big app performer today's session.

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<v Speaker 6>Well, do you want to start with some energy when

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<v Speaker 6>it comes to underperformers that we're performing in the S

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<v Speaker 6>and P five hundred today on a percentage basis. Ever

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<v Speaker 6>Source Energy Shares Head of their worst day since twenty twenty,

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<v Speaker 6>after regulators in Connecticut denied its request to sell its

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<v Speaker 6>subsidiary Aquarium Water Company. This rejection was due to concerns

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<v Speaker 6>that the sale could double household bills and decrease economic

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<v Speaker 6>Regulatory oversight regular said the proposed deal quote does not

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<v Speaker 6>meet managerial suitability and responsibility requirements in a manner consistent

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<v Speaker 6>with the public interest. Shares once again fell by more

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<v Speaker 6>than twelve percent. Also keep an eye on shares of

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<v Speaker 6>Blue Owl today, down nine tenths of one percent. Blue

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<v Speaker 6>Owel Capital calling off a merger of its two private

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<v Speaker 6>credit funds after scrutiny over potential investor losses, sent it

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<v Speaker 6>shares tumbling. This deal was supposed to be between Blue Owl

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<v Speaker 6>Capital Corp. Which is a publicly traded one that's under

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<v Speaker 6>the ticker ob DC, and then Blue Owl Capital Corp.

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<v Speaker 6>Too that's non traded. According to statement Wednesday, the initial

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<v Speaker 6>terms of the agreement barred investors in the private vehicle

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<v Speaker 6>from redeeming their capital until the merger closed. The firm

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<v Speaker 6>did site current market conditions and will reevaluate its alternatives,

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<v Speaker 6>and finally, some m and A news today moving stocks

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<v Speaker 6>in two different directions. Abbott Laboratories falling three percent today

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<v Speaker 6>after Bloomberg News reported that it's nearing a potential acquisition

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<v Speaker 6>of Exact Sciences Corp. And what would be its largest

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<v Speaker 6>deal in nearly a decade. People familiar with the matter

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<v Speaker 6>said Exact Science is closed hired by twenty three point

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<v Speaker 6>seven percent today. Their diagnostic tests include coli Guard, which

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<v Speaker 6>helps screen for colorectal cancer. It's the second leading cause

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<v Speaker 6>of cancer deaths in the US, but it's been used

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<v Speaker 6>to screen for corectal cancer some twenty million times since

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<v Speaker 6>receiving FDA approval back in twenty fourteen.

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<v Speaker 1>All right, quick check on yield. It's not a whole

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<v Speaker 1>lot of activity there. You did to actually see a

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<v Speaker 1>bit of a rise on the day, basically about one

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<v Speaker 1>to two basis points depending on where you are the curve.

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<v Speaker 1>In fact, the whole curve more or less shifting parallel

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<v Speaker 1>here on the day. But honestly, guys, today really is

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<v Speaker 1>a day about tech, about the AI span and about Nvidia.

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<v Speaker 1>There was an interesting story just earlier today out the

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<v Speaker 1>White House is actually like kind of pushing Congress to

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<v Speaker 1>take out some provisions from a new defense spending bill

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<v Speaker 1>that would restrict AI Chipex Sports, and of course this

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<v Speaker 1>is going to be a big issue that Nvidio is

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<v Speaker 1>going to have to address either tonight or at least

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<v Speaker 1>in the future, because basically its ability to sell those

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<v Speaker 1>high end Blackwell chips to China, at least for right now,

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<v Speaker 1>is basically a no go.

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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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<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

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<v Speaker 2>the Bloomberg Business app.