In This Article:
Yahoo Finance host Josh Lipton examines the top stories on Wall Street as part of today's Market Minute.
Home Depot (HD) stock jumps after the company narrowly beat earnings estimates and issued cautious full-year guidance.
Hims & Hers (HIMS) shares collapse on the company's confirmation that it would stop selling compounded versions of weight-loss drugs after the US Food and Drug Administration (FDA) announced there is no longer a shortage of semaglutide drugs.
Crypto-related stocks like Coinbase (COIN), Riot (RIOT), and MARA Holdings (MARA) tumble as bitcoin (BTC-USD) hits its lowest level in three months.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
This post was written by Naomi Buchanan.
We are two hours into the trading day and it's time for Yahoo Finance's market minute. Stocks struggling to snap a losing streak here, the S&P 500 on track for its fourth straight day of declines. Home Depot narrowly beating expectations in the fourth quarter, boosted by positive same-store sales growth for the first time since 2022. Still, the home improvement retailer issuing cautious guidance for the full year. Hims and Hers plunging after the company confirmed it will stop selling compounded versions of weight loss drugs. This after the FDA declared weight loss drugs are no longer in shortage, removing a loophole that allowed the company to sell the products. And crypto stocks falling as Bitcoin hits its lowest level in three months, now below $90,000. That's your Yahoo Finance market minute to keep you on track with the news you need to make smart decisions about your investments. 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.
