to neutral from buy. The firm said Spotify's new audiobook offer doesn't fit into its original forecast for margin expansion, while simultaneously stoking competition from Amazon.from Barclays. As a catalyst, analyst Saket Kalia cited a new growth opportunity in the secure access service edge, or SASE, cybersecurity segment.
Defense stocks — Like the energy sector, defense stocks also rallied on the back of rising conflict between Palestine and Israel.
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Israeli stocks slump in first day of trade since Gaza attackSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
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