Top Market Events and Stock Movements for Monday, September 21
The stock market is expected to open sharply higher on Wall Street with strong futures across major indices like the Dow Jones Industrial Average (DJIA), Nasdaq 100, and S&P 500. This upward momentum comes amid declines in oil prices and Treasury yields, which are easing some inflationary pressures. Key events this week include Meta's developer conference on Wednesday, Costco’s earnings report on Thursday night, and the Trump-Xi summit also scheduled for Thursday. Wells Fargo raised its price target on Meta to $796 from $640 due to excitement around new AI products like Muse. Meanwhile, Novo Nordisk shares fell over 4% after a disappointing investor day presentation. Other notable developments include upgrades and downgrades in stock ratings: Evercore ISI upgraded Ciena with an increased price target; UBS lowered its price target on McDonald’s but kept the buy rating; and Morgan Stanley raised targets for CrowdStrike and Palo Alto Networks due to growing cybersecurity demand. Microsoft received mixed analyst reactions, while Costco is expected to report earnings soon.
Tickers: $CIEN $COST $CRWD $MCD $META $MS $MSFT $NVO $PANW $WFC
Topics: AI regulation Meta (META) oil prices stock market Treasury yields U.S.-China relations Wells Fargo price target