In This Article:
Yahoo Finance host Josh Lipton tracks today's top moving stocks and biggest market stories in this Market Minute, including how Coinbase (COIN) is set to join the S&P 500 (^GSPC) on May 19, Super Micro Computer's (SMCI) upgrade to Outperform by Raymond James, and Robinhood's (HOOD) $179 million deal to acquire WonderFi.
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 are mostly higher on investor optimism on easing US-China trade tensions and fresh inflation data that came in better than expected, but United Healthcare weighing on the Dow. Coinbase surging on its announced inclusion in the S&P 500 starting May 19th. It'll be the first and only crypto exchange in the index. Announcement comes days after Bitcoin recrossed $100,000, its highest level since January. And Super Micro Computer shares, they are jumping after Raymond James initiates coverage on that stock with an outperform rating from calling the company a market leader in AI optimized infrastructure. And Robinhood agreeing to acquire Wonderfi Technologies, which operates two Canadian cryptocurrency platforms, for about $179 million. Acquisition will help Robinhood give Canadians greater access to crypto trading. 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.
