Racking up Retailer Results | Closing Bell

Summary

The video covers the U.S. market close, with all major indices finishing higher after a volatile session. After-hours earnings reports from Ross Stores, Workday, Zoom, Deckers, and Take-Two Interactive are highlighted. IBM surged on a quantum computing funding award. The market remains sensitive to geopolitical developments.

• Major indices ended the day in the green after initial declines.
• IBM shares jumped 12% after receiving $1 billion for quantum computing chip foundry.
• Ross Stores reported above-consensus sales and raised full-year EPS guidance, stock up in after-hours.
• Workday revenue beat estimates, stock rose 5% after-hours despite being down 60% from 2024 highs.
• Zoom Communications boosted fiscal year revenue forecast, shares up 3.9% after-hours.
• Take-Two Interactive issued weak guidance, shares fell in after-hours.
• Ralph Lauren shares surged 14% on strong Asia sales and resilient high-end consumer demand.
• Birkenstock shares jumped 19% after completing a share repurchase agreement.