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Yahoo Finance host Josh Lipton tracks today's top moving stocks and biggest market stories in this Market Minute, including major stock losses for Block (XYZ), Wolfspeed (WOLF) CEO Neill Reynolds' plans to leave his role as chief executive at the end of May, and video game developer Take-Two Interactive (TTWO) delaying the release of its long-awaited Grand Theft Auto VI.
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 getting a lift after a solid jobs report and possible softening trade tensions between the US and China. Shares of Block plunging after it slashes its full-year gross profit outlook, falling below the average analyst estimate. Financial Services and digital payments company also hit with several downgrades, Wells Fargo noting that it is too difficult to recommend the shares at their current level. Wolf speed shares surging as the company's CEO and executive vice president, Neil Reynolds, set to depart from the company. Reynolds is leaving the role to pursue another professional opportunity, but will remain as CEO until May 30th to coordinate ongoing negotiations with its lenders. And Take-Two Interactive under pressure here. That's after saying it would delay the launch of its video game Grand Theft Auto 6. Company pushing the release from fall 2025 to May 2026. And that's your Yahoo! Finance market minute.
