Hourly Market Review - Feb 28, 2024 10 AM

Market BriefWednesday, Feb 28, 2024 10:00 am ET

1min read

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.

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.