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Qualcomm Micron, Sox Rise on Earnings; Apple Sinks on Price Hikes
Description
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, Katie Griefeld, Carol Massar and Tim Stenovec.
- Qualcomm (QCOM), Micron (MU), and the Philadelphia Semiconductor Index (SOX) end the day higher after earnings from Qualcomm and Micron post strong outlooks.
- Apple (AAPL) shares sank after boosting prices of Macs and iPads.-Cerebrus (CBRS) tumbled after the chipmaker gave a disappointing annual sales outlook.
- Strategy (MSTR) shares slid as investors are increasingly questioning whether that machine can keep running after a prolonged decline in Bitcoin, now trading firmly below $60,000, mounting obligations and a collapse in the market value of the company’s preferred stock.
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