Top Gainers of the Day

• Texas Roadhouse: The restaurant chain's stock rose by 2.6% following an upgrade to outperform by Baird, citing the company's potential for continued growth despite nearing all-time highs.

• Moelis & Co.: Shares increased by 3.7% after an upgrade from Goldman Sachs to neutral from sell, highlighting the investment bank as a significant beneficiary of the cyclical upswing.

• Legend Biotech: The stock climbed 4.4% as Raymond James initiated coverage with an outperform rating, expressing optimism about its Carvykti therapy for multiple myeloma.

• Royal Caribbean & Carnival: Both cruise line operators saw their shares ascend, with Royal Caribbean up by 1.8% and Carnival by 2.9%, after Goldman Sachs initiated coverage at buy ratings, noting pricing power and pent-up demand.

• Williams-Sonoma: The company's shares jumped 18% after reporting fourth-quarter earnings that surpassed Wall Street estimates, announcing a dividend boost and a new $1 billion stock repurchase plan.