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Morgan Stanley Raises Amazon Price Target to $350

Following a two-week-long correction of over 6%, the Nasdaq Composite bounced by over 1% on Monday as the AI trade staged recovery.   Tech was also one of the stronger sectors in the S&P 500, where a 6% bounce in AI buildout exposed names like Western Digitaland SanDiskhelped to pace the index to 0.4% gains for the day.  Consumer Cyclicals, however, was the best-performing sector in the benchmark thanks to the 5% bounce in shares of Amazonfollowing a bullish note from Morgan Stanley, which named the stock its "top pick" and raised its price target to $350 per share.   On the flip side, Utilities was the worst-performing sector in the S&P, with a 4 basis point bounce in 10-year Treasury yields to 5.14% balancing its income appeal.In the opening hour of the evening session, S&P e-Minis and Nasdaq 100 contracts are both up a decimal. In commodities, WTI  Crude Oil backed away from the $100-a-barrel level, though the contract is still up about 13% from the sub-$90 lows seen just two weeks ago.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -RBB Bancorpup 4.0%Washington Trust Bancorpup 3.0%Zions Bancorporationup 0.9%ALSO HIGHER -3M Companyup 5.2% after announcing GSEO collaborationBitdeer Technologiesup 4.0% after September production reportJELD-WENup 3.0% after CFO transition, affirmed guidanceTrex Companyup 2.0% after Stifel upgrade to BuyDOWN AFTER EARNINGS -Crown Holdingsdown 5.5%Steel Dynamicsdown 5.1%W. R. Berkleydown 2.1%ALSO LOWER -FreightCar Americadown 19.3% after negative Q3 pre-announcementTorrid Holdingsdown 2.2% after CFO transition

Freightcar America Trading Resumes

Freightcar America trading resumes

Freightcar America Trading Halted, News Pending

Freightcar America trading halted, news pending