shed 4.0% after a U.S. judge shot down the drugmaker's second attempt to resolve tens of thousands of lawsuits over its talc products.advanced 3.3%, outperforming tech peers, after Morgan Stanley raised its rating to "overweight" on the photoshop maker.
Volume on U.S. exchanges was 11.09 billion shares, compared with the 10.49 billion average for the full session over the last 20 trading days. Advancing issues outnumbered decliners on the NYSE by a 2.69-to-1 ratio; on Nasdaq, a 1.83-to-1 ratio favored advancers. The S&P 500 posted 27 new 52-week highs and one new low; the Nasdaq Composite recorded 95 new highs and 57 new lows.
Reporting by Echo Wang in New York, Johann M Cherian and Bansari Mayur Kamdar in Bengaluru; Editing by Vinay Dwivedi and Richard ChangEcho Wang is a correspondent at Reuters covering U.S. equity capital markets, and the intersection of Chinese business in the U.S, breaking news from U.S. crackdown on TikTok and Grindr, to restrictions Chinese companies face in listing in New York. She was the Reuters' Reporter of the Year in 2020.