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Kenvue, a consumer health company, saw its stock price rise by over 8% following news that activist investor Starboard Value had acquired a significant stake in the Johnson & Johnson spinoff. Boeing shares also experienced a 3.3% increase after reaching a new contract proposal with its machinists’ union, potentially ending a month-long strike. Warby Parker, an eyeglass retailer, surged nearly 5% after receiving a buy rating from Goldman Sachs. On the other hand, UPS shares fell by almost 2% due to a downgrade from Barclays. JD.com, a Chinese e-commerce firm, saw its U.S. traded shares decline by over 1%, despite an upgrade from Loop Capital Markets. Southwest Airlines shares dipped by more than 1%, as they engaged in early-stage talks with Elliott Investment Management for board representation. ASML shares also fell by more than 1% after a price target downgrade from Bernstein, citing a challenging outlook for 2025.

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