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Illumina, airline downgrades, Walgreens: Market Minute

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Here are the biggest headlines of the day in the latest Market Minute.

Illumina (ILMN) shares have recouped their losses. The stock had fallen after China banned it from exporting its gene sequencers to the country. The move was in retaliation for the latest tariffs from the Trump administration.

Deutsche Bank downgraded shares of both Frontier Group (ULCC) and JetBlue (JBLU) to Hold from Buy on concerns about slowing consumer spending.

Shares of Walgreens Boot Alliance are rising following a Wall Street Journal report that the company is on the verge of being taken private.

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

This post was written by Stephanie Mikulich.