Hourly Market Review - Feb 28, 2024 10 AM

Stocks experienced a slight decline on Wednesday as investors anticipated a key inflation report due later in the week. The Dow Jones Industrial Average fell by 87 points (0.2%), the S&P 500 dropped by 0.2%, and the Nasdaq Composite decreased by 0.5%. UnitedHealth led the Dow's decline with a loss of over 5%, while Intel and Nike also fell by 1.5% and 0.7%, respectively. Urban Outfitters saw a nearly 10% drop after reporting weaker-than-expected fourth-quarter results.

Movers of the hour:

Vivani Medical is up 408.91% at $5.14.  

Applied Therapeutics is up 52.87% at $8.53.  

Bandwidth is up 46.04% at $17.74.  

Beyond Meat is up 38.56% at $10.42.  

Tg Therapeutics is up 30.82% at $18.20.  

Here are the top stocks upgraded by Wall Street analyst:

Walmart has received a rating of Buy from RBC Capital with target price dropped to $62 from $63.

Netflix has received a rating of Strong Buy from UBS with target price increased to $685 from $570.

Arm Holdings has received a rating of Neutral from New Street Research with target price increased to $110 from $110.

Unilever has received a rating of Sell from Morgan Stanley with target price dropped to $48 from $52.

Regeneron has received a rating of Buy from RBC Capital with target price increased to $1184 from $1096.

Mercadolibre has received a rating of Buy from JP Morgan with target price increased to $2150 from $2000.

Workday has received a rating of Buy from Barclays with target price dropped to $316 from $326.

Snowflake has received a rating of Strong Buy from Citigroup with target price increased to $290 from $255.