Cerebras’ IPO Price Soars | Closing Bell

Summary

Bloomberg's Closing Bell covers a record close for the S&P 500 near 7500, with strong gains in tech and a standout IPO from Cerebras Systems. The show also highlights earnings-driven moves in Cisco, Applied Materials, Ford, and Figma, while noting weakness in Boeing and healthcare software stocks. Hosts Katie Greifeld and Carol Massar recap market action without offering personal trade recommendations.

• S&P 500 closes near 7500 in a broad rally led by tech, energy, and utilities.
• Cerebras Systems soars 68% on its IPO debut, highlighting AI inference demand.
• Cisco jumps 13% on better sales forecast and AI-focused job cuts.
• Applied Materials rises after hours on strong Q3 net sales guidance.
• Ford rallies 6.6% on energy storage pivot for data centers, despite analyst caution.
• Boeing falls 4.7% as China order for 200 jets disappoints expectations.
• Figma surges 20% after hours on better-than-expected revenue outlook.
• Bond yields remain elevated, with the 10-year near 4.5% and the 30-year above 5%.