Here Are Wednesday’s Top Wall Street Analyst Upgrades and Downgrades: American Eagle Outfitters, Equinix, Garmin, Honeywell, Uber, Wendy’s and More

Market Overview - Futures are trading higher following a strong performance on Wall Street, with the NASDAQ up 0.59% at 23,413, S&P 500 up 0.25% at 6,829, and Dow Jones up 0.39% at 47,474, driven by technology stocks and a cryptocurrency rally [2] - The anticipation of a Federal Reserve rate cut next week is contributing to market optimism, with an 80% probability now priced in, up from 20% a month ago [2] Treasury Bonds - Treasury yields decreased as buyers returned, influenced by expectations of a rate cut and economic growth prospects for 2026 [3] - The 30-year bond closed at a 4.75% yield, while the benchmark 10-year note finished at 4.09% [3] Oil and Gas - Energy sector prices fell, with Brent Crude closing at $62.43 (down 1.17%) and West Texas Intermediate at $58.62 (down 1.18%), attributed to oversupply and changing geopolitical dynamics [4] - Natural gas also declined, closing down 1.83% at $4.83 [4] Gold - Gold prices fell as a risk-off sentiment in the market led to profit-taking, with gold finishing at $4,226 and silver at $57.59 [5] Stock Market Dynamics - Following a challenging Monday, stocks experienced a rally on Tuesday, with major indices and cryptocurrencies rising amid positive sentiment for an interest rate cut [6] - A potential rate cut could trigger an end-of-the-year "Santa Claus Rally," highlighting differing investment strategies [6]