Bloomberg Market Wrap 2/25: S&P 500 Momentum, Macy's, Biotech Stocks

What does it mean when the RSI is above 70 in stock analysis?

• The stock is undervalued

• The stock is overbought

• The stock is at its lowest point

• The stock is at its highest point

What was a significant factor in Macy's stock drop?

• Strong holiday sales

• Weak holiday sales

• Positive earnings report

• Increase in store traffic

What is CRISPR Therapeutics known for?

• Pharmaceutical sales

• Gene editing technology

• Biotech acquisitions

• Developing new retail strategies

Which company acquired Spark Therapeutics?

• Johnson & Johnson

• Novartis

• Pfizer

• Roche

What was the market reaction to the acquisition of Spark Therapeutics?

• No change in market sentiment

• Decline in investor confidence

• Increase in speculation about future acquisitions

• Decrease in biotech stock prices