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Madison Mills outlines today's top stories on Yahoo Finance's Market Minute.
IBM (IBM) reports stronger-than-expected earnings results, but the stock is falling as federal spending cuts and macro-level uncertainty weigh on the company.
PepsiCo (PEP) and P&G (PG) lowered their outlooks due to slowing consumer demand and tariff uncertainty.
Southwest Airlines (LUV) and American Airlines (AAL) have withdrawn their guidance amid economic uncertainty.
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 looking for a third straight day of gains after Fed Governor Chris Waller who says a serious drop in the job market could prompt more rate cuts to come. Federal spending cuts and economic uncertainty still weighing on IBM's software segment. The company is saying 15 of its government contracts are suspended, leading to about a $100 million loss of its business. The news offsetting better than expected quarterly results, sending those shares lower down over 6% at the moment. Meantime, consumer goods companies sounding the alarm on slowing demand. Procter & Gamble and Pepsi slashing their outlook, citing a pressured consumer and uncertainty around tariffs. And American Airlines and Southwest continuing the trend of carriers pulling their guidance amid an uncertain macro backdrop. Tariff pressures limiting the company's ability to forecast consumer demand. And that's your Yahoo! Finance market minute. For more on what's trending, scan the QR code to track the best and worst performing stocks.