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>> Bloomberg Audio Studios. Podcasts,

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>> This is the closing bell on the stock

movers report. The [music] companies

making moves at the close of US trading

with Carol Masser, Tim Stenovec, [music]

Romaine Bostick, and Katie Greifeld.

>> All right, guys. Let's go to some of the

individual gainers. So, as investors

kind of moved away from semiconductors,

they said, "Oh, let's check out those

software application stocks

today." Application software stocks. So,

they did outperform. And just take a

look at something like Workday.

It was number one gainer in the S&P. I

think number two in the Nasdaq 100.

Outperforming up about 9%.

Keep in mind, we know it's been under

pressure. I think down about 30%

year-to-date. And a big percentage,

about 14% of the float is short. But

nonetheless, investors taking another

look at that name. And then you had the

iShares expanded tech software sector

exchange-traded

ETF fund, excuse me. IGV is the ticker.

And that one was up overall for the

space about 3 and 1/3%.

Let's go on over to the meatpackers

surging after the United States said it

would resume cattle shipments from

Mexico, easing a domestic shortage that

has led to higher costs for their

animals. And we've all seen that

certainly play out at the supermarket.

So, Tyson was up 5.6%. Hormel was up

almost 3%.

You had JBS, really some outperformance

there at more than 10% in today's

session. And then you also had Pilgrim's

Pride. That was up about 1.8%. Remember,

it was a year-long ban that was put in

place to prevent the spread of New World

screwworm.

That was a parasitic fly that can kill

cattle within days if left untreated.

So, that has certainly been on the meat

market for a while here.

Did I say meat market?

>> [laughter]

>> All right. You know what I'm talking

about. And let me go to FB RX is the

ticker. Is it Ford or Forte Biosciences?

Nobody knows.

>> know. You picked this, right?

>> Yeah.

>> [laughter]

>> I meant to call on the phone and I

forgot to do that. But, uh this one also

some outperformance

jumping about 40% after Argenx agreed to

acquire the biotech at $77 a share in

cash representing a total equity value

of value of about 2.2 billion. Stock is

up about 180% year-to-date and so a

little bit of deal flow. And I forgot,

did I forget to give you guys the

ticker?

Maybe.

Anyway.

>> I don't know.

>> It was a now performer in today's

session.

>> All right, let's go to some of the

decliners. I want to start with shares

of Nvidia today. On a points basis, the

worst performer in the S&P 500. Shares

fell 5%. That accounted for 21 points to

the downside in the S&P 500 today.

This after investors are really trying

to digest the $750 billion in deals that

are reigniting these fears about

circular funding when it comes to AI.

So, for example, a $500 billion deal

deal with SK Group. Nvidia in talks to

backstop as much as $250 billion to help

OpenAI lease computing power from a US

data center project to finance $350

billion of OpenAI's purchases of its

chips. So, that's happening. Investors

are wondering, wait a second, what does

this mean for just CapEx and for the

investment happening in the AI industry?

Nvidia shares down about 5% today. Also,

speaking of chips, ASML

holdings ASML

ADRs of this company fell by 5.8%. This

is interesting.

This after a report that a Chinese

state-backed company has begun mass

production of certain chip-making

machines. It's a Shanghai-based company.

It started making immersion deep

ultraviolet lithography tools. This

cited unidentified people familiar with

the matter. It's assembled development

teams from other Chinese companies. It

sparked a decline in stock for chip

equipment peers in Europe and the US

including ASM International, BE

Semiconductor Industries, Applied

Materials, and Lam Research. And

finally,

given the decline in energy names and

potentially something happening in the

Strait of Hormuz and between the US and

Iran, watching what's happening with

energy and with chemicals and

fertilizers. Today, Ventor Global fell

by 10.4%

CF Industries on the fertilizer side

fell by

Any pickup in shipping through the

strait would ease disruption in those

markets. Those shares fell as a result.

>> All right. And then we want to take a

quick look here at what's been going on

in the yield space. Two straight

sessions now where we've seen yields

decline. Though we should point out they

are significantly elevated from where

they were just a couple of months ago.

4.318

on the two-year yield. Your 10-year at

4.64 and change. And of course that is

the setup heading into that two-day Fed

meeting which begins [music] on Tuesday.

>> This Stock Movers Report from Bloomberg

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