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On today's Market Minute, Julie Hyman takes a closer look at the trending stories on Wall Street, including NewsMax (NMAX) extending its post–initial public offering (IPO) gains, Jefferies downgrading airline stocks Delta (DAL), American Airlines (AAL), and Southwest (LUV), and rising sales for General Motors (GM).
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 are higher, poised for a rebound on the first trading day of the second quarter. Conservative cable news company, Newsmax extending its massive 700% gains post IPO. Shares now up about 60%. Newsmax was originally priced at $10 a share with the intention of raising $75 million. Its rapid rise pushing the company's market cap over $10 billion with a share price of around 136 at the moment. Airline stocks sliding after Jeffries downgraded Delta, American, and Southwest. The analyst there citing disappointing consumer sentiment and tariff risks. All three carriers previously slashed their first quarter forecast last month. And General Motors reporting a nearly 17% jump in US first quarter sales driven by demand for its SUVs and pickup trucks. These numbers coming just before President Trump's 25% tariff on auto imports is set to take effect on April 3rd with a potentially massive impact on the industry. That's your Yahoo! Finance market minute.
