In This Article:
Brad Smith examines the trending stories on today's Market Minute.
Gold (GC=F) climbs, reaching new highs.
US chipmakers (SMH) like Intel (INTC) and Texas Instruments (TXN) fall as China hits the US with a 125% tariff based on manufacturing origin.
Morgan Stanley (MS) earnings beat expectations, boosted by Elon Musk selling X, according to Bloomberg.
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 seesaw as investors digest escalating trade tensions, soft consumer sentiment and the start of earnings season. Gold prices are passing record highs as bonds and the dollar are selling off. Investors seeking safety from the market volatility, gold surge sending shares of minor Barrick gold higher by over 6%. Intel and Texas instruments both under pressure as China's latest tariff hike puts US-made chips in the crosshairs. China Semiconductor Industry Association issuing an emergency notice stating it determines the origin of imports by where chips are manufactured. And Morgan Stanley shares reversing earlier gains, the bank topping Wall Street expectations driven by a volatility fueled surge in stock trading revenue. The bank also giving a revenue boost from the sale of Elon Musk's X, according to Bloomberg reporting. 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 this session.
