Auto stocks, Applied Digital-CoreWeave deal, solar stocks fall

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Yahoo Finance host Josh Lipton tracks today's top moving stocks and biggest market stories in this Market Minute, including shares of automakers reacting to President Trump's proposed tariffs on steel imports, Applied Digital (APLD) and CoreWeave (CRWV) striking a deal around AI data centers, and clean energy stocks falling in Monday's session.

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

00:00:00 Speaker A

It's time for Yahoo Finance's market minute. Stocks pulling back as trade tensions between the US and China flare up again. China hitting back at President Trump's claim that it violated the Geneva tariff truce. The escalation in trade tensions coming amid Trump's latest tariff threat on Friday. The president threatening to double US tariffs on imported steel and aluminum to 50% from 25%. Shares of automakers Ford and General Motors sliding in today's trade. Applied digital getting a lift as the company announces an AI data center lease with AI hyperscaler CoreWeave. Company has entered into two approximately 15-year lease agreements. Applied digital anticipating generating about $7 billion in total revenue from the leases. Solar and hydrogen power stocks taking a hit in today's trade. The move lower comes as the energy department cancels over $3.7 billion worth of grants for clean energy and climate projects. That's your Yahoo Finance market minute. For more on what's trending on Yahoo Finance, scan the QR code below.