Closing Bell: Dell and Urban Outfitters Gain on Yesterday's Earnings, Deere Lower
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.
On this episode of Stock Movers:
- Dell Technologies (DELL) finished 5.8% higher on the day, after reporting earnings yesterday evening. The company raised its annual projections for the AI server market due to sustained demand for machines needed in the current data center boom.
- Urban Outfitters (URBN) finished the day with a gain of 13%. Yesterday, the apparel company reported net sales for the third quarter that beat the average analyst estimate. The owner of the Anthropologie and Free People brand followed positive reports from peers Abercrombie and Gap.
- Deere (DE) shares are under pressure, finishing 5.67% lower after the company put out a weak forecast, and investors are reacting negatively. The farm equipment maker is struggling because tariffs have hurt demand for crops, which means farmers have less money to spend on new machinery.
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