Market Volatility: Stocks Struggle Amid Rate Concerns

Ford's stock rose 3% as negotiations between the company and the United Auto Workers union progressed amidst the ongoing strike, while website builder Squarespace saw a 5% increase after UBS initiated coverage with a buy rating. Scholastic's stock plummeted over 14% following an earnings miss, and chip design stock Arm Holdings lost 2.3% after receiving a neutral rating from Susquehanna. Biotech firm Seagen's shares rose 3.5% after positive results from a clinical trial for bladder cancer treatment. Additionally, Deere's stock fell over 2% after being downgraded by Canaccord Genuity, and Chinese e-commerce stocks, including PDD, Alibaba, and JD.com, saw gains after reports of potential loosening of foreign investment cap rules by the Chinese government. Activision Blizzard's stock also rose 2% after a new deal proposal from Microsoft cleared major antitrust worries in the UK.