‘ U.S. Stock Market Sees Mixed Movement as Some Companies Experience Losses and Others Gain\n\nThe U.S. Stock market saw mixed movement today, with some companies experiencing losses while others saw gains. The overall pause in the market, there were notable upgrades for McDonald’s, Discover Financial, Spirit Aerosystems, and Paramount Global. These upgrades were based on various factors such as strong franchise models, higher earnings growth, and improved operational efficiency.\n\nMcDonald’s (NYSE:MCD) stock rose 1.5% after JPMorgan upgraded the fast-food giant to ‘overweight’ from ‘neutral’, citing the company’s strong franchise model and potential for higher earnings growth. The analysts also noted that McDonald’s has been able to improve its operational efficiency, which could lead to increased profitability in the future.\n\nDiscover Financial Services (NYSE:DFS) stock rose 1.4% after Citi upgraded the company to ‘buy’ from ‘neutral’, citing the reinstatement of regular share repurchases and the sale of its student loan portfolio business. The analysts also noted that Discover Financial has a strong balance sheet and is well-positioned for future growth.\n\nSpirit Aerosystems (NYSE:SPR) stock rose 1.2% after Morgan Stanley upgraded the aerostructure manufacturer to ‘equal weight’ from ‘underweight’, citing the incorporation of recent capital raises and a change in market sentiment. The analysts also noted that the company is well-positioned for a recovery in commercial aerospace, and its defense business is a source of stability.\n\nParamount Global (NASDAQ:PARA) stock rose 1.9% after Wells Fargo upgraded the entertainment giant to ‘equal weight’ from ‘underweight’. The analysts cited the company’s strong content pipeline and the potential for a rebound in theme parks and box office revenue in 2022.\n\nOn the other hand, FedEx (NYSE:FDX) stock slumped over 10% despite the delivery giant’s weaker-than-anticipated quarterly profit and slashed full-year revenue guidance. The company warned that customer demand will face strong headwinds, leading to a decline in stock value.\n\nGeneral Mills (NYSE:GIS) stock fell 4.7% after the food processing company slashed its full-year forecast, citing a “slower-than-expected volume recovery in the second quarter amid a continued challenging consumer landscape.” This news caused a decline in stock value as investors reacted to the lowered forecast.\n\nSteelcase (NYSE:SCS) stock fell 8.9% after the furniture company reported a sharp drop in third-quarter revenue and offered up disappointing guidance for the final quarter of the year. \n\nAlphabet (NASDAQ:GOOGL) stock rose 0.9% following a report that said the tech giant’s Google plans to reorganize a big part of its 30,000-person ad sales unit. This news was seen as a positive move for the company, leading to an increase in stock value.\n\nAon (NYSE:AON) stock fell 4% after the management consulting firm announced plans to buy insurance broker NFP in a deal valued at $13.4 billion. The move is aimed at expanding the company’s presence in the fast-growing middle-market segment across risk, benefits, wealth, and retirement plan advisory. This news caused a decline in stock value as investors reacted to the large acquisition.\n\nLowe’s (NYSE:LOW) stock fell 1.2% after Stifel downgraded its stance on the home improvement retailer to ‘hold’ from ‘buy’, citing a “more cautious approach to FY24.”\n\nIn a the U.S. Stock market saw mixed movement today, with some companies experiencing losses while others saw gains. The overall pause in the market, there were notable upgrades for McDonald’s, Discover Financial, Spirit Aerosystems, and Paramount Global.’