In This Article:
Yahoo Finance host Josh Lipton tracks today's top moving stocks and biggest market stories in this Market Minute:
Chip stocks slide as Nvidia (NVDA), Advanced Micro Devices (AMD), and Micron (MU) fall after President Trump accuses China of violating its trade agreement with the US.
Palantir Technologies (PLTR) shares rise following reports that the Trump administration tapped the company to build a federal data platform across key agencies.
Meanwhile, Costco Wholesale (COST) gains after topping earnings and same-store sales estimates as it commits to keeping prices competitive and lower.
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. Chip stocks, leading declines today with key names like Nvidia, AMD, and Micron, all lower by over 3% after President Trump said China violated its trade agreement with the U.S. The fall in semis weighing on the tech heavy NASDAQ, which is lower by over 1% here. And meanwhile, Palantir shares, they're rising as the Trump administration taps that company to compile data on millions of Americans. That's according to reports from The New York Times. Palantir will build a platform that connects sensitive records across key agencies, like the IRS, Social Security, immigration, and more. And Costco, missing on revenue while topping expectations, though, for earnings and same-store sales in its third quarter. The retailer saying it intends to keep prices competitive by negotiating with suppliers to lower prices on key items. Shares rising over 3%. And that's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below to track the best and worst performing stocks of the session.
