Advertisement
Canada markets open in 18 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7322
    -0.0002 (-0.02%)
     

  • CRUDE OIL

    84.27
    +0.70 (+0.84%)
     

  • Bitcoin CAD

    87,423.75
    +1,427.98 (+1.66%)
     

  • CMC Crypto 200

    1,382.21
    -14.33 (-1.03%)
     

  • GOLD FUTURES

    2,359.60
    +17.10 (+0.73%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.6730
    -0.0330 (-0.70%)
     

  • NASDAQ futures

    17,742.75
    +175.25 (+1.00%)
     

  • VOLATILITY

    15.48
    +0.11 (+0.72%)
     

  • FTSE

    8,119.35
    +40.49 (+0.50%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     
MARKETS LIVE BLOG:

STOCK FUTURES JUMP, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Stocks on the move: Beyond Meat on JPM downgrade, U.S. Steel on improving market conditions

Yahoo Finance Video
Updated

Yahoo Finance's On the Move panel discuss today's Stocks on the move: Beyond Meat and United States Steel Corp.

Video Transcript

JULIE HYMAN: Let's take a look at a couple stocks to break here. We've got Beyond Meat shares down about 6% today. JPMorgan downgraded the stock to an underweight from neutral. The price target at $122 a share. They cite valuation because the stock has been rallying as well as intensifying competition for the reasons for that downgrade.

US Steel shares are going up about 6%. The company has said market conditions have improved in the past few months, and they came out with third quarter guidance for a loss of 145 a share. Analysts had been predicting a wider loss of $1.52. So that's what's responsible for the gain in those shares today.