Madison Mills breaks down the top stories of the trading day.

Apple ( AAPL ) shares are under pressure following a downgrade to Sell from MoffettNathanson based on China concerns and weak iPhone 16 sales.

Tesla's ( TSLA ) stock rating was cut to Neutral by Bank of America on valuation worries, though the analyst did increase their price target for the electric vehicle maker.

Getty Images ( GETY ) and Shutterstock ( SSTK ) announce plans to merge.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here .

This post was written by Naomi Buchanan.