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Pershing Square Inc. (NYSE: PS ) stock fell about 8% on Tuesday, trading near $54.40, after Jones Trading downgraded it from Buy to Hold. The decline comes after a rally that pushed the stock to an all-time high near $60. • Pershing Square stock is feeling bearish pressure. What’s behind PS decline? Analyst Ratings Two
U.S. stocks were little changed by midday Tuesday, with small caps and the Dow lagging while tech held up, as the 10-year Treasury yield pushed to its highest level since 2007 and talks to end the Iran war showed little progress. Mediators are working on a deal to reopen the Strait of Hormuz, yet Trump has rejected Ira