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Yahoo Finance host Madison Mills tracks today's top moving stocks and biggest market stories in this Market Minute, including Apple (AAPL) and Amazon's (AMZN) move into negative territory following their latest earnings results, Taiwan Semiconductor Manufacturing Company (TSM) expanding its chip manufacturing in Arizona, and Chinese e-commerce platform Temu — a subsidiary of PDD Holdings (PDD) — pivoting its business model to circumvent tariffs.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's market minute. Stocks are higher after solid April jobs report and news that trade tensions between the US and China may be thawing. Apple and Amazon both in the red after earnings with Amazon's AWS revenue coming in just under expectations. The company is issuing softer than expected guidance citing tariffs and recession fears. Meantime, Apple says tariffs could cost the company nearly a billion dollars in the June quarter. Shares of Taiwan Semiconductor rising after Apple CEO, Tim Cook, said the company will get more than 19 billion chips sourced from the US this year. TSMC is expanding its operations to six plants in Arizona. And shares of Temu's parent company PDD are ticking higher as the company is pivoting its business model to avoid tariffs, according to Bloomberg. With the de minimis exception ending, Temu plans to recruit US merchants to sell locally instead of shipping cheap products from China. That's your Yahoo! Finance market minute. For more on what's trending, scan the QR code below.