Tesla shares were set for their longest winning streak since January 2021, after striking a charging deal with GM.
slipped 2.45% after Citi downgraded the big-box retailer to "neutral," saying sales could fall further this year due to economic challenges.added 4.41% after Wells Fargo upgraded it to "overweight," saying the Photoshop software maker was poised to benefit from the generative AI boom.gained 3.46% following a report that the streaming giant's subscriptions jumped after its crackdown on password sharing.
Declining issues outnumbered advancers on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.55-to-1 ratio favored decliners. The S&P 500 posted 14 new 52-week highs and five new lows; the Nasdaq Composite recorded 75 new highs and 39 new lows. Reporting by Sruthi Shankar and Shristi Achar A in Bengaluru Editing by Vinay Dwivedi and Richard ChangShristi is a correspondent, part of the markets team reporting on the stock markets across U.S., UK, Canada, Europe and Emerging markets.
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