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Yahoo Finance host Madison Mills tracks today's top moving stocks and biggest market stories in this Market Minute, including the rise in initial jobless claims to a two-month high and Meta Platforms (META) and Microsoft (MSFT) shares seeing gains after topping their latest earnings estimates.
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. The tech-heavy NASDAQ leading major averages higher as earnings ease fears about the outlook for AI investing amid President Trump's tariff policy. Meanwhile, jobless claims signaling a slowing in the US labor market ahead of Friday's jobs report. Weekly claims filed in the final full week of April rose to 241,000, their highest level in two months. And continuing claims reaching the highest level since November of 2021 with 1.9 million Americans filing for unemployment insurance on an ongoing basis. Meantime, Meta and Microsoft jumping after topping Wall Street's expectations in their latest quarterly earnings. The results are breathing some life back into that AI trade. Microsoft saying AI workloads contributed 16% to Azure's growth. Meta boosting its capex spend to $72 billion for the year, largely for AI investments. And that is your Yahoo! Finance market minute. For more on what's trending, scan the QR code below.