Closing Bell: Big Banks Soar, Zoom Rallies, Intuit Falls
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 Caroline Hyde, Vonnie Quinn Tim Stenovec and Norah Mulinda.- US banks were among several groups to surge following Federal Reserve chairman Jerome Powell's remarks at Jackson Hole. The KBW Bank Index jumped 3.2% closing at its first record since 2022. - Zoom (ZM) shares soared after the company delivered a stronger-than-expected forecast, suggesting that customers are buying more of its expanded line of software products…
The skinny
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