Closing Bell: Ross Stores Sales Beat, Crypto Stocks Rally, SpaceX Slips

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, Sally Bakewell, Carol Massar and Emily Graffeo. 

- Ross Stores (ROST) shares were trading higher in extended trading after it release earnings with sales that beat Wall Street estimates. 

- Shares of crypto-related companies like Coinbase (COIN), Strategy (MSTR), Circle (CRCL) all rallied today after Bitcoin jumped to a more than two-month high, boosted by US President Donald Trump’s White House gathering of industry leaders yesterday and his administration’s surprise intervention in the bond market dragged down the US dollar. 

- SpaceX (SPCX) shares slipped as a second tranche of stock is released from a post-initial public offering lockup period. Meanwhile, Anthropic is expected to match or beat the size of SpaceX’s record-setting IPO, according to people familiar with the matter, in the latest sign of overwhelming demand from investors looking to profit from the artificial intelligence boom.

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