In This Article:
Julie Hyman examines some of the trending stories on Wall Street as part of Yahoo Finance's Market Minute.
Big Tech stocks like Amazon (AMZN), Meta Platforms (META), and Nvidia (NVDA) are rising on signals that US President Trump may soften tariffs on imports from China.
Intel (INTC) stock surges following a Bloomberg report that the company has plans to lay off 20% of its workforce.
Oklo (OKLO) stock is rebounding after earlier losses from the announcement that OpenAI (OPAI.PVT) CEO Sam Altman is stepping down as Oklo chairman. Oklo says it is exploring a potential partnership with OpenAI.
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 rally as President Trump softens investors' fears over the Central Bank's independence and over China tariffs. Tech names in particular are seeing a pop amid hopes of easing trade tensions between the US and China. Treasury Secretary Scott Benson denied that the administration is considering unilaterally slashing steep tariffs on Chinese imports. However, he did say that neither side believes that these are sustainable levels. Mega cap names like Amazon, Meta, and Nvidia all rising. Intel also getting a lift as the company reportedly plans to cut 20% of its workforce. That report coming a day before the chip maker is set to report first quarter earnings. And Oklo shares rising today, recovering from losses following the announcement of Sam Altman stepping down from his role as chairman. Oklo said it's exploring strategic partnerships, including potentially with OpenAI. And that's your Yahoo! Finance market minute.