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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.
It's time for Yahoo! Finance's market minute. Rising fears of a full-on trade war, largely weighing on the markets. Stocks now mixed, though, as President Trump's tariffs on key trade partners are now officially in effect. One company caught in the trade tensions is Illumina. China announcing a ban on imports of the company's gene sequencers. That's in response to an additional 10% tariff on Chinese goods. Frontier Group and JetBlue, both downgraded to hold from buy at Deutsche Bank. The firm saying a soft economic patch could affect discretionary air travel, hurting discount airlines in particular. And shares of Walgreens Boots Alliance climbing. The company reportedly closing in on a deal to go private. That's according to the Wall Street Journal. Walgreens and Sycamore Partners aiming to complete a deal as soon as Thursday. And 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 the session.
