3 High-Profile Stock Downgrades Investors Should Watch: LULU, MCD and ARM
lululemon(LULU) Investor Place·2024-08-13 04:24
Last week witnessed a sharp decline in major stock indexes following a disappointing jobs report that heightened concerns over a potential recession. This market downturn, highlighted by downgraded stocks, which was mostly evident on Friday, marked a deviation from the generally robust performance stocks had exhibited earlier in the year.Prior to this week, the S&P 500 had ascended over 15% from the start of 2024 through Thursday. Similarly, the Dow Jones Industrial Average and Nasdaq had both enjoyed doubl ...