Closing Bell: IBM Gains, SOX falls | Stock Movers

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, Carol Massar and Tim Stenovec - IBM (IBM) shares gained after the company announced it has joined the OpenAI Daybreak Cyber Partner Program. - Avis (CAR) shares ended the day higher as the rental company is set to receive $650 million in cash as part of a settlement agreement with Pentwater Capital Management to resolve a lawsuit regarding short-swing profits, according to a filing. - The Philadelphia Semiconductor Index (SOX) plunged 7.9% as semiconductor companies were hit with doubts about the sustainability of the AI-driven rally. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street. Check out more episodes of Stock Movers: https://www.youtube.com/playlist?list=PLe4PRejZgr0NxhJreY_kjMBdW8cvmNauU Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake For coverage on news, markets and more: http://www.bloomberg.com/video #Stocks #Markets #Finance #Investing #Podcast #Bloomberg Closing Bell: IBM Gains, SOX falls