🌊Amazon's AI Play & More Market Movers

On Monday, as Wall Street commenced the final week of a challenging September for stocks, shares largely trended upwards. Throughout the week, investors will closely watch U.S. inflation figures and keep an eye on Congressional talks to prevent a government shutdown.  Writers in Hollywood have come to a tentative agreement with studios, signaling an end to a strike that spanned nearly five months. The Writers Guild of America praised the three-year deal for its significant benefits to writers. In response, media stocks showed varied performances: Paramount Global dipped by 0.2%, Warner Bros. Discovery dropped 2.8%, Netflix increased by 1%, Walt Disney decreased by 0.5%, and Amazon.com grew by 1.8%, with Warner Bros. being the S&P 500's primary decliner.  In other news, Amazon plans to invest up to $4 billion in the AI company Anthropic, securing a minority stake. Amazon's cloud clients will gain early access to Anthropic's tech via Amazon Bedrock, and Amazon Web Services will become Anthropic's main cloud provider. The following stocks also captured attention on Monday: Alcoa shares fell 5% after announcing executive vice president William Oplinger will succeed Roy Harvey as CEO and president, and join the board of directors. Nio saw its U.S.-traded shares decline by about 1% after refuting media claims of raising up to $3 billion from investors. Li Auto shares dropped 9% on news of Huawei entering the electric vehicle space. GE HealthCare Technologies stocks went up 3% after declaring a Q3 cash dividend. Williams-Sonoma rose 9% as Green Equity Investors disclosed a 5% stake. Dow Inc. saw a 2% rise after an upgrade by JPMorgan due to potential benefits from rising oil prices. Opendoor Technologies decreased by nearly 6% after Citi lowered its target price. JD.com U.S.-listed shares slid 2% due to growing concerns about China's economy. Sealed Air went up 2.7% after Citi's upgrade. Chefs’ Warehouse shares increased 1% after UBS started its coverage with a buy rating. Lastly, Hudson Technologies grew 4% after Canaccord Genuity's buy rating initiation.