What is the biggest move of the day so far?
Paramount Global PARA shares rose 3% while Netflix shares NFLX rose 1% as the Writers Guild of America said it was a tentative deal to end the screenwriters strike.
AstraZeneca shares AZN rose 1% as Jefferies upgrade the U.K. drugmaker to buy from hold, saying R&D assets outside oncology are being largely ignored, Morgan Stanley said.
Foot Locker shares were up 3% as Jefferies downgraded the athletics apparel retailer and Urban Outfitters URBN to hold from buying, citing its own survey of U.S. consumers that found the repayment of student debt will curtail consumer spending.
Nike shares fell 1% on Wednesday as Jefferies also downgraded it to hold from buy and said the wholesale channel is likely to remain pressured and growth in China faces macro headwinds.