Key Takeaways
- The S&P 500 fell 0.2% on Monday, Nov. 27, 2023, down for only the second time in nine sessions, ahead of key inflation data coming this week.
- GE HealthCare Technologies was downgraded by UBS, and shares declined.
- Positive comments from TD Cowen about Domino's helped boost shares of the pizza giant.
U.S. equities fell to open the new trading week ahead of the release of the Fed's favorite measure of inflation, which could gi🥀ve hints as to where interes💎t rates are heading. The S&P 500 dropped 0.2%, only its second losing session in the past nine.
GE HealthCare Technologies (GEHC) shares sank 3.5% when UBS downgraded the stock and cut its 澳洲幸运5官方开奖结果体彩网:price target. The bank indicated it expects disappointing margins from the medical technology company.
Albemarle (ALB)♉ shares lost 6.3% as an oversupply in China of the key component in electric vehicle (EV) batteries has sent the price of lithium tumbling.
Corteva (CTVA) shares declined 2% 𝔉following a downgrade and price target cut by Berenberg, which pointed to Chinese competition in South America, particularly Brazܫil.
Domino's Pizza (DPZ) shares picked up 4.5% as TD Cowen raised the stock's price target to $430 from $410, citing optimism that the pizza giant will turn around its U.S. businesℱs.
Crown Castle (CCI) shares added 3.5% after 澳洲幸运5官方开奖结果体彩网:activist investor Elliot Investment Management w🔴rote the board, calling for a major shakeup at the owner of wireless towers and fiber-optic cables.
Nucor (NUE) shares increased 2.6% as the 🐼metal producer boosted the price of its sheet s𓂃teel.
Newmont Corporation (NEM) shares gained 1.6%, and shares of rival gold miners rose as well, when gold prices jumped to their highest level since June.