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Hourly Market Recap

Market BriefMonday, Mar 11, 2024 1:00 pm ET
1min read

On Monday, stocks declined as Wall Street experienced a downturn following a losing week, with investors focusing on upcoming U.S. inflation data. Nvidia's shares dropped 0.5% after a record market cap loss on Friday due to a lawsuit over alleged use of copyrighted works in AI training. Boeing's shares fell 3.9% after reports of a criminal investigation into the 737 MAX jet following a blowout on an Alaska Airlines flight. Coinbase and MicroStrategy saw gains of 4.8% and 14%, respectively, following Bitcoin's rise to a record high. PDD Holdings' shares increased after an upgrade from Jefferies, while EQT's shares declined following a deal to buy back its former unit, Equitrans Midstream. Wyndham Hotels & Resorts' shares rose after Choice Hotels ended its takeover attempt. Duolingo's shares surged after receiving a Buy recommendation from J.P. Morgan. Oracle's shares were up ahead of its earnings report, with expectations of revenue growth driven by its cloud computing business.

Movers of the hour:

Solidion Technology is up 258.71% at $2.81.  

The L.S. Starrett is up 58.70% at $15.74.  

Kingsoft Cloud is up 31.82% at $3.55.  

NextNav is up 28.27% at $4.99.  

PLDT is up 26.12% at $29.16.  

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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
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