Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Nora, you've got our stock movers. What are we looking at? Well, let's look at Amazon. This is stigre AMZN. We've been watching this stock very closely, one because it's a big name, but two because the stock is plunging for its worst day since August of twenty twenty four. This is after the company announced plans to spend as much as two hundred billion dollars this year on data centers, chips, and
other equipment. We've really been seeing a lot of these tech companies being punished for this, but it seems like it's a bit mix. It depends on the name that you're talking about. I know that we did see Alphabet. It is some pressure for this. Clearly Amazon also seeing the same. We are seeing shares of the stock down about eleven percent so far this year.
What else you got for us here for the stocks? How about Stalantis?
Yes, oh my goodness, let's talk about some autos. Tick her Stla brutal day. We're seeing shares down about twenty two percent right now as we speak. Earlier plunging as much as twenty six percent, this stock is hitting and falling for its worst day ever, lowest level since twenty twenty. This is after the company said that it's taking more than twenty six billion dollars that's USD in charges mainly linked to reverse in the course of its EV strategy.
I mean, we've really been seeing a lot of people putting this bet on evs and we haven't really been seeing it paying off for some of these companies. Delant this has obviously been one of those that's been struggling with. This stock is down thirty two percent just this year alone,
so really seeing us struggling. But I mean, when you look at the numbers two, it is important to note the stock is just around seven dollars, so you do see these big moves when we think about a percentage basis, but also important to note the value of the actual
stock as well. All Right, you're also including an ETF in your stocks to watch, and this is one that I've heard this sticker all week long, right, I mean it's Friday, so I feel like we kind of have to do a little bit of a recap on the week. I've been looking out this ETF that you mentioned. IGV is the taker there software stocks. I mean, it's been
so much in play this week. We are seeing a rebound today for this taker earlier, rising as much as three point two percent for its best day since September, but it's still struggling. I mean, the ETF is on pace to end the week for its worst week since two thousand and eight, losing as much as twelve percent in value. So I mean, we have our colleague Bill Maloney.
Of course, he is a chartered market technician and a strategist here who writes for Bloomberg, and he was just talking about the fact that it seems to have notched a short term bottom after falling just five percent that was yesterday. But it's interesting because we do see that it did have two straight days of record volume, with over forty million shares changing hands in each session.
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