Here are some of the biggest movers of the day:
Stock gainers:
Paramount Global
PARA,
stock rose 3% and Netflix shares
NFLX,
rose 1%, as the Writers Guild of America said a tentative deal has been reached to end the screenwriters strike after nearly five months.
AstraZeneca stock
AZN,
rose 1% as Jefferies upgraded the U.K. drugmaker to buy from hold, saying R&D assets outside oncology are being largely ignored, Morgan Stanley separately said investors will reward earnings upgrade stories in AstraZeneca, Novo Nordisk
NVO,
and Novartis
NVS,
the latter of which it upgraded to equal-weight from underweight.
Stock decliners:
Foot Locker shares
FL,
fell 3% as Jefferies downgraded the athletics apparel retailer, and Urban Outfitters
URBN,
to hold from buy, citing its own survey of U.S. consumers that found the repayment of student debt will curtail consumer spending.
Nike shares
NKE,
fell 1% as Jefferies also downgraded it to hold from buy, saying the wholesale channel is likely to remain pressured and growth in China faces macro headwinds.
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