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 Greifeld, Carol Massar and Tim Stenovec.
- Dow Chemicals (DOW), LyondellBasell (LYB) and other US chemicals stocks are rising Wednesday as higher oil prices are giving gas-based producers an advantage and as analysts see upside for US chemicals and fertilizer firms.
- Bank of American (BAC)’s equity traders posted their best fourth quarter ever as the company reaped the benefits of volatile markets and net interest income topped analysts’ estimates. Revenue from equity trading rose 23% to $2.02 billion in the final three months of the year, according to a statement Wednesday. Analysts had been expecting equity-markets revenue of close to $1.9 billion. That helped give Bank of America earnings of 98 cents a share, topping analysts’ estimates. Still, shares declined amid concerns about expenses. They’ve gained 15% in the past 12 months, more than the 12% increase in the S&P 500 Financials Index.
-Lululemon shares fall as much as 2.1% after the Supreme Court did not issue an opinion on the legality of IEEPA tariffs. The second opinion day with no comments on the duties. The court hasn’t said when it will next issue opinions. Toy stocks Mattel and Hasbro are down as much as 3% and 2.9%, respectively
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