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Boeing’s shares slipped 1.8% after the aerospace company withdrew a pay raise offer to 33,000 machinists on strike. The strike is expected to cost Boeing over $1 billion per month. Reddit saw a rise of more than 2% after receiving a buy rating and high price target from Jefferies. Alphabet’s shares dropped about 1% following a court filing from the Justice Department regarding an alleged monopoly in search. Rio Tinto and Arcadium Lithium announced a deal for Rio Tinto to acquire Arcadium for $5.85 per share, resulting in a 1.2% drop in Rio Tinto’s shares and a 30% surge in Arcadium’s shares. Blackstone was downgraded to neutral by Piper Sandler, causing a 1% decline in shares. GitLab’s shares rose 5% after receiving an overweight rating from Morgan Stanley. Major Chinese companies like Alibaba, JD.com, and Nio saw declines in their U.S.-listed shares as officials did not announce new stimulus plans. Chewy’s shares rose nearly 2% after receiving a buy rating from TD Cowen. Norwegian Cruise Line’s shares rose 3.1% following an upgrade to buy from Citigroup, expecting the stock to rally more than 44%.

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