News

All major indexes fell as much as 1.5% early Monday.

Investors and economists expect the U.S. central bank to respond "strongly and systematically"  to changes in inflation and the labor market, according to research published on Monday by the San Francisco Fed that underscores the current sensitivity of financial markets to U.S. economic data. The Fed's perceived responsiveness to economic data picked up notably in 2022, driven first by inflation data and, last year, by labor market data, based on the analysis of perceptions embedded in professional forecasts and in bond market moves published in the regional Fed bank's latest Economic Letter. The findings are in line with the Fed's actual response to inflation, which rose in 2021 but did not trigger any interest rate hikes until 2022.

Shares of athletic apparel brand Nike (NYSE:NKE) jumped 5.4% in the morning session after Jefferies analysts upgraded the stock's rating from Hold to Buy and raised the price target from $75 to $115. The analysts added "CEO Hill is tackling product and distribution issues head-on, positioning the brand to again outgrow the market and take back lost share. Survey work illustrates NKE's brand remains very strong, proving that issues were self inflicted and competitive threats less severe."

Rivian shares slumped on Monday after Bank of America analysts downgraded the electric vehicle maker's stock.

Shares of pet food company Freshpet (NASDAQ:FRPT) jumped 7.9% in the afternoon session after Jefferies upgraded the stock's rating from Hold to Buy and assigned a price target of $150, which implied a potential 40% upside, citing its attractive valuation. The firm added, "...Valuation is at a five-year low; we think FRPT shares are worth 50% above where it is trading."

Shares of cloud computing provider DigitalOcean (NYSE: DOCN) fell 6.1% in the morning session as markets continued to struggle following the broad selloff triggered by weak economic data in the previous week. On Friday, February 21, 2025, the S&P 500 dropped 1.7%, and the Nasdaq fell 2.2% after PMI numbers showed the U.S. services sector contracted, and the University of Michigan's consumer sentiment index came in below expectations.

Michael Saylor met with the SEC Crypto Task Force to discuss digital asset regulation, including token classification, compliance frameworks, and the future of Bitcoin.