The stock market is experiencing a downturn as investors react to recent inflation data and anticipate the Federal Reserve's upcoming meeting. The S&P 500, which hit a record high earlier in the week, has pulled back following higher-than-expected inflation figures. The market's robust performance this year has been driven by economic resilience, excitement over artificial intelligence, and hopes for a Fed rate cut. However, as of Friday, technology stocks, including major players like Microsoft, Salesforce, Amazon, and Cisco Systems, have faced significant selling pressure, contributing to the overall market decline. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite have all seen losses, with the S&P 500's year-to-date gain reduced to 8%.

Movers of the hour:

Geron is up 89.29% at $3.32.  

Cardlytics is up 65.18% at $13.52.  

Outlook Therapeutics is up 54.64% at $8.86.  

P3 Health Partners is up 42.86% at $1.01.  

Solidion Technology is up 41.08% at $1.83.  

Here are the top stocks upgraded by Wall Street analyst:

Microsoft has received a rating of Strong Buy from Jefferies with target price increased to $465 from $465.

Nvidia has received a rating of Buy from Oppenheimer with target price increased to $850 from $650.

Nvidia has received a rating of Strong Buy from Truist Securities with target price increased to $911 from $691.

Nvidia has received a rating of Strong Buy from Tigress Financial with target price increased to $985 from $790.