Top Losers of the Day

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  Tesla: Shares dropped by 4.5% after a downgrade to underweight from equal weight by Wells Fargo, citing diminishing impact of price cuts on volume.

• Nvidia, AMD, Micron Technology: These chipmakers' shares fell as the AI-related rally lost momentum; Nvidia by 1.1%, Micron by 3.4%, and AMD by 3.9%.

• Dollar Tree: The discount retailer's stock plummeted by 14.2% following a disappointing quarterly report that fell short of earnings expectations and announced potential closure of 970 Family Dollar locations.

• Dollar General: Fell by 1.9% in the wake of Dollar Tree"s poor quarterly performance, with its own earnings report anticipated.

• GE HealthCare: Shares declined by 3.6% after announcing a secondary offering of 13 million shares, affecting investor sentiment.

• Petco Health and Wellness: The stock decreased by 1.6% amid the search for a new CEO and after announcing fourth-quarter revenue that narrowly beat expectations.

• Intel: Fell 4.4% following a report that the Pentagon was withdrawing from a planned chip grant, affecting investor confidence.

• Allbirds: The company's stock tumbled 19% after reporting a wider fourth-quarter loss than the previous year and issuing a sales forecast below estimates, alongside the announcement of CEO Joey Zwillinger stepping down.