Closing Bell: IMB Gains, Ralph Lauren Jumps, Walmart Slides
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, Isabelle Lee, Emily Graffeo and Tim Stenovec. - The Trump administration has agreed to award $1 billion to International Business Machines (IBM) to build a foundry for producing quantum computing chips, part of a broad strategy to bolster US leadership in an emerging industry. The news sent shares of IBM up as much as 11% in New York on Thursday, marking the biggest intraday gain in more than a year. -…
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