In This Article:
Josh Lipton explores some of the top stories on Yahoo Finance's Market Minute.
Novavax (NVAX) shares fell after US President Donald Trump's Secretary of Health and Human Services Robert F. Kennedy Jr. questioned the efficacy of the company's COVID vaccine.
Costco's (COST) March comparable sales beat estimates.
Lovesac (LOVE) reported fourth quarter results, with sales beating estimates.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for your Yahoo! Finance's market minute. U.S. stocks are back in sell-off mode here, that's amid concerns over escalations in the U.S. trade battle with China. The White House confirming tariffs against Chinese-made imports stands at 145%, not 125%. Novavax shares, they are sinking after remarks from RFK Jr. in an interview on CBS News, the U.S. Health and Human Services Secretary indicating doubts over the efficacy of Novavax's COVID vaccine. Costco reporting comparable sales growth that beat Wall Street's expectations. Sales rose 6.4% in March and up 8.7% for sales excluding fuel and currencies. And lastly shares of the Lovesac company, they're rising as it topped sales and earnings estimates in the fourth quarter. Company also forecasting first quarter net sales of a 136 to 142 million dollars, that's compared to expectations of a 138.6 million. Lovesac knowing that guidance includes expected impacts from tariffs in place prior to April the 2nd. And that's your Yahoo! Finance market minute.
