U.S. stocks on the move: CoreWeave, Moderna, Datadog
CRWV•CoreWeave rose after Goldman Sachs upgraded the stock to “buy,” while Moderna recouped part of its losses after Bank of America raised its price objective. Datadog jumped after Bernstein upgraded it to “outperform”; it was up 6.6% among the S&P 500’s top gainers.
1. Market gains
At 1:30 p.m. EDT on Monday, the S&P 500 was up 0.53% and the Nasdaq Composite was up 1.26%, while the Dow was down 0.01%. The Nasdaq led Wall Street’s gains as investors returned to AI-related stocks following the previous week’s selloff, and declining oil prices also supported the market ahead of corporate earnings reports.
2. Company moves
CoreWeave shares rose after Goldman Sachs upgraded the stock to “buy” following the previous week’s selloff, as its debt yields eased. Moderna recouped part of its losses after Bank of America raised its price objective ahead of a key cancer vaccine readout. Datadog jumped after Bernstein upgraded the stock to “outperform” and raised its price target; Datadog was up 6.6%, one of the S&P 500’s top percentage gainers.
