U.S. Steel shares fell nearly 8% after President Biden blocked Nippon Steel’s $14.9 billion takeover, citing national security concerns. In contrast, Block’s stock rose nearly 3% following an upgrade from Raymond James, which highlighted attractive valuations and expected growth. Carvana’s shares dropped over 2% amid allegations of unstable loans and accounting issues from Hindenburg Research. Chewy’s stock gained more than 2% after Wolfe Research upgraded it to a top pick, citing strong earnings potential. Las Vegas Sands shares climbed over 3% following a buy upgrade from Jefferies, and Constellation Energy rose nearly 2% after announcing significant government contracts.
