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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