In This Article:
Josh Lipton highlights the top stories in this segment of Market Minute.
Chip stocks are falling, including Nvidia (NVDA), Micron (MU), and Taiwan Semiconductor Manufacturing Company (TSM).
Big banks are sliding on tariff concerns, including Bank of America (BAC), JPMorgan (JPM), and Citigroup (C).
Homebuilder stocks, including D.R. Horton (DHI), Lennar (LEN), and Pultegroup (PHM), are in the red as tariffs spur worries over housing market recovery.
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 plunged as Trump's tariffs ripped through the global markets. Tech heavy Nasdaq leading that selloff. Chip stocks falling as Trump's reciprocal tariffs are set to affect the semiconductor supply chain. Nvidia sliding alongside Micron which supplies memory chips for Nvidia's GPUs. Shares of TSMC, a producer of chips for companies such as Nvidia and Apple, also taking a hit. Big banks feeling the sting as well, Bank of America, JP Morgan, and Citigroup they're all sliding following the new tariffs. Concerns rising over tariffs leading to higher prices that could weigh on loan growth. And lastly, home builder stocks also struggling here. Trump's tariff plans potentially threatening the housing recovery while the impact to housing remains to be seen, worries of higher construction costs remain intact. And that's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance scan the QR code below.
