In This Article:
Josh Lipton goes over some of the top stories on this segment of Market Minute.
Medical device stocks like GE Healthcare (GEHC) and Intuitive Surgical (ISRG) saw losses, while pharmaceutical companies remained unaffected by country-specific tariffs.
Oil futures (CL=F, BZ=F) are dropping after OPEC Plus announced an unexpected supply increase.
Lamb Weston (LW) stock surges after the company exceeded third-quarter earnings expectations.
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. US stocks plunged as President Trump's surprisingly steep tariffs send shockwaves through the markets. Medical device stocks take a hit amid the broader market selloff while pharmaceutical companies are safe for the time being from country-specific reciprocal tariffs. Medical devices are not. GE Healthcare and Intuitive Surgical falling in today's trade. Oil futures drop as OPEC Plus decides to hike supply more than expected in May, the move deepening price declines sparked by Trump's reciprocal tariff announcement. And lastly, Lamb Weston topping third-quarter earnings estimates. Estimates as is on track to achieve its capital spending reduction goal, the french fry supplier hiring a consulting firm to look for cost savings. 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.
