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Yahoo Finance host Brad Smith tracks down several of the morning's top stocks and biggest market stories in this Market Minute.
Magnificent Seven's top names Nvidia (NVDA), Amazon (AMZN), and Meta Platforms (META) are leading stock declines.
Reddit (RDDT) stock received a Sell rating by Redburn analysts as they initiated coverage.
PepsiCo (PEP) stock ticks lower on a downgrade from Barclays.
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 selling off once again after two days in the green. Investors concerned about an economic slowdown and now looking to the Federal Reserve's policy meeting for insight. Magnificent seven names leading a lot of today's declines. Nvidia, Meta, Amazon, all selling off as the US exceptionalism trade fades. Meta on track to wipe out its year to date gains as investors look to Nvidia's GTC conference for some optimism in the AI space. Meanwhile, Reddit shares plunging after Redburn Atlantic initiated coverage of the stock with a sell rating. The analysts flagging potential risks from Google's algorithm changes and saying the breadth of Reddit's popularity has been overstated. And Pepsi ticking lower on a downgrade from Barclays. The analysts citing concerns over the snacking business amid growing economic pressures. That is 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.