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Investing.com -- U.S. stocks are wobbling on Monday, as investors headed toward the end of the third quarter still reeling from last week’s hawkish Federal Reserve meeting.
Here are some of the biggest U.S. stock movers today:
Amazon (NASDAQ:AMZN) stock rose 1.7% after the tech giant announced plans to invest up to $4 billion in artificial intelligence group Anthropic, in an attempt to bolster its position in nascent AI technology.
Warner Bros Discovery (NASDAQ:WBD) stock fell 3%, Netflix (NASDAQ:NFLX) rose 0.9% and Walt Disney (NYSE:DIS) fell 0.5% as these entertainment giants reached a preliminary agreement with the Hollywood's writers union, likely ending strikes that have halted most film and television production.
Nio (NYSE:NIO) ADRs fell 1.8% after the Chinese EV manufacturer announced it was considering raising $3B from investors.
Nike (NYSE:NKE) stock fell 0.5% after Jefferies downgraded the sportswear giant to ‘hold’ from ‘buy’, citing increased risk due to ongoing pressure on the wholesale channel and macroeconomic challenges in China.
HP (NYSE:HPQ) stock fell 1.4% after Warren Buffett's Berkshire Hathaway (NYSE:BRKa) sold nearly 4.8 million shares of the PC-maker.
Dow (NYSE:DOW) stock rose 1.8% after JPMorgan upgraded its stance on the chemicals giant the company to ‘overweight’ from ‘neutral’, citing a robust balance sheet, a hefty dividend yield and ample upside.
AstraZeneca (NASDAQ:AZN) ADRs rose 1.5% after Jefferies upgraded the pharmaceutical company to ‘buy’ from ‘neutral’, noting last week’s positive results from its new lung cancer drug.
Harmony Biosciences (NASDAQ:HRMY) stock fell 8.8% after Goldman Sachs downgraded the biopharmaceutical company to ‘sell’ from ‘neutral’, seeing emerging risks to the durability of its revenue stream.
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