Big moves in Microsoft: Microsoft's shares gained more than 7% following the Ballmer news. Microsoft is one of the 30 stocks in the Dow and one of the largest companies listed on the Nasdaq. So its big move helped to lift the broader market.
Traders on StockTwits were happy to see Ballmer go, and they had some advice on who should take over:
Aeropostale(ARO) shares plummeted after the teen retailer posted weak results. Its poor outlook follows similarly bleak forecasts from rivals American Eagle Outfitters(AEO) and Abercrombie & Fitch(ANF).
Pandora(P) reported strong earnings, but the stock plunged after the online radio company issued softer-than-expected guidance.
Dansumthing:$P is down big because management said they intend to focus on growing revenue and marketshare more than earnings over the next few qtrs.