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Yahoo Finance host Julie Hyman catches investors up on the top stock market stories in this Market Minute, including Madison Square Garden's (MSGS) stock gains after the sale of the Boston Celtics NBA franchise, Southwest Airlines (LUV) receives upgrades from UBS and Melius analysts, and the Doctors Company's deal to take ProAssurance (PRA) private.
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 Fed fueled rally losing steam as stocks try to come back from a month-long route. It's the most expensive NBA deal ever. The Boston Celtics being sold for a reported $6.1 billion to a group led by private equity investor Bill Chism. Shares of Madison Square Garden Sports which owned the New York Knicks, they're rising on the heels of that deal. Two analysts getting less negative on Southwest Airlines. Analysts at both Melius and UBS are raising their recommendations to neutral equivalent ratings from sell. That's after Southwest scrapped its free bag allowance and took other steps to boost profitability. And a deal in the medical liability insurance industry. ProAssurance shares surging as it agrees to be taken private by The Doctors Company for $25 per share in cash. That's about $1.3 billion total. And that's your Yahoo! Finance Market Minute. For more on what's trending on Yahoo! Finance, scan the QR code below.
