Block Falls On Morgan Stanley Downgrade Amid Cash App Shift
Block stock fell after Morgan Stanley downgraded the company on views that a strategic shift at its Cash App Borrow segment could increase credit losses.
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Yesterday
Support for semiconductor stocks could be as much as 15% lower than current levels, says Morgan Stanley
The chief stock-market strategist for Morgan Stanley is sticking with a forecast that the S&P 500 will end the year at 8,000, but growing caution is on display as he identified that support for the key semiconductor sector could come considerably lower.
Yesterday
1394 storiesToday reads warmer than 11 of the last 21 scored days. Click a bar to read that day's stories.