In This Article:
Seana Smith outlines the trending headlines on Wall Street as part of today's Market Minute.
The Nasdaq Composite (^IXIC) is on track to close in correction territory with several of the "Magnificent Seven" stocks, including Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), and Meta (META), as some of the worst performers.
Airline stocks, including Delta (DAL), American Air (AAL), and United Airlines (UAL) are under pressure amid tariff concerns.
Best Buy (BBY) shares plunge on the tech retailer's weak outlook, despite beating estimates on the top and bottom lines in its fourth quarter earnings results.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
This post was written by Naomi Buchanan.
It's time for Yahoo! Finance's market minute. U.S. stocks falling as the tariff selloff continues. Markets are raising post-election gains with fresh tariffs on Canada, Mexico, and China now officially in effect. The tech heavy Nasdaq composite on track to close in correction territory with MAG 7 stocks among the worst performers. Tesla falling below its 200-day moving average for the first time since August. Meta, Microsoft, and Amazon are also all under pressure in today's trade. Turning to airline stocks, United, Delta, and American Airlines are falling amid tariff concerns. President Trump's new levies could further weigh on consumer confidence leading to a drop in demand. Lastly, a look at retail shares of Best Buy sliding despite a beat on both the top and bottom line for the fourth quarter. The company's full-year outlook fell short of Wall Street's expectations. That's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below.
