See the businesses making headlines at noon. Lululemon — Shares fell 1.3% after Wells Fargo downgraded the athletic firm to a weighting of obese. The corporate mentioned Lululemon’s prior constructive catalysts have already performed out and expects extra average development in 2024. Coinbase, MicroStrategy, Marathon Digital — Shares of Coinbase and MicroStrategy gained 5.5% and 6.7%, respectively, at as Bitcoin progressed, surpassing the $41,000 mark. to achieve a 19-month excessive. Marathon Digital and Riot Platforms rose 8.5% and eight.9%. respectively. Spotify — Shares rose 7.5% after the music streaming firm introduced it might lay off 17% of its workforce. The cuts quantity to round 1,500 jobs, in line with a supply near the matter. Uber Applied sciences — Shares of Uber Applied sciences jumped 2.2% and traded intraday at a 52-week excessive after the S&P Dow Jones Indices introduced Friday that the ride-hailing firm would be a part of the S&P 500, alongside Jabil and Builders. First Supply. The three titles will change Sealed Air, Alaska Air Group and SolarEdge Applied sciences. Shares of Jabil and Builders FirstSource fell lower than 1% every. Virgin Galactic — Shares of the area firm plunged 17.5%. In an interview with the Monetary Instances revealed on Sunday, British billionaire Richard Branson dominated out any new funding within the area journey firm. Branson mentioned his enterprise empire not had “the deepest pockets” on account of the pandemic. United Leases — Shares fell 2.3% after KeyBanc downgraded the tools rental firm’s score from obese to the sector, citing a restricted development atmosphere in fiscal 2024. Carvana — The Retailer Automotive On-line jumped 13.8% after JPMorgan upgraded its shares from underweight to impartial. The Wall Avenue agency mentioned Carvana has made progress in lowering prices, whereas rising productiveness. Alaska Air Group — Airline shares fell about 14.2% after the Seattle-based service agreed to purchase Hawaiian Airways for $1.9 billion. Alaska Air would pay $18 per share and tackle $900 million in debt as a part of the deal, the businesses introduced Sunday. Hawaiian Air’s father or mother firm, Hawaiian Holdings, soared almost 190%. Basic Motors — Shares of Cadillac and Chevrolet jumped 2.2% after Mizuho Securities upgraded the corporate to buyout standing. The corporate mentioned the inventory had bottomed out and was poised for development, particularly after the labor settlement with the United Auto Employees. Palo Alto Networks — Shares of the cybersecurity firm fell 3.2% Monday because the inventory took a breather after a current scorching streak. Palo Alto shares have almost doubled this 12 months and are up 17% final month. Morgan Stanley lately mentioned the inventory has extra room to run, although Palo Alto grew to become the primary cybersecurity firm to surpass $100 billion in market capitalization final week. — CNBC’s Hakyung Kim, Jesse Pound, Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han, Sarah Min and Michelle Fox contributed reporting.