Stock Market Today: Big Bank Downgrades, META Taps AAPL Exec, CRWV Sells
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Stock Market Today: Big Bank Downgrades, META Taps AAPL Exec, CRWV Sells
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Stocks closed mixed on a sluggish trading day, though the RUT showed signs of life with notable gains. Downgrades against JPMorgan Chase (JPM), Goldman Sachs (GS), and Bank of America (BAC) from HSBC did no favors for the session. CoreWeave (CRWV) also got several downgrades after it penned a $9 billion deal to acquire Core Scientific (CORZ). Meta Platforms (META) added a former Apple (AAPL) A.I. lead to its own "superintelligence" team. Marley Kayden takes investors through the day's biggest stories.
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