Stocks rise as S&P 500 tries to snap 5-day losing streak

The retailer, that's been widely connected with the meme stock craze, shared a decline in sales for its fiscal third quarter and reported a downdraft in its cash pile.

Baird's Colin Sebastian, one of the few analysts still covering the retailer, suspended his rating and price target on the stock, predicting more store closures and workforce reductions ahead. The Dow Jones Industrial Average futures rose 126 points, or 0.4%. Both the S&P 500 and Nasdaq Composite added 0.4%.Argus upgraded shares ofto a buy from a hold rating, saying the telecom stock could rally on the expansion of its customer base and increased spending in 5G.

"AT&T's wireless business has been a star in 2022 as the company has added substantial numbers of subscribers despite a price increase," Bonner wrote. "Although it has not gained as many subscribers as industry leader T-Mobile, it has done better than Verizon's subscriber losses and anemic numbers."

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