TD Securities cut the price target for Lululemon Athletica Inc. (NASDAQ: LULU) from $488 to $470. TD Securities analyst John Kernan maintained an Outperform rating. Lululemon shares fell 0.5% to $306.75 in pre-market trading.
The CNN Money Fear and Greed index showed further increase in the fear level among U.S. investors.
US stocks closed higher on Thursday as traders lowered their rate hike bets by the Federal Reserve. The US central bank raised rates by 25 basis points Wednesday.
Technology stocks outperformed during the session, with the SPDR Technology Select Sector adding around 1.6%.
U.S. stocks traded higher midway through trading, with the Dow Jones gaining around 450 points on Thursday.
The Dow traded up 1.42% to 32,484.03 while the NASDAQ rose 2.40% to 11,949.60. The S&P 500, also rose, gaining, 1.70% to 4,004.07.