Yahoo Finance

Yahoo Finance's Julie Hyman takes a closer look at Monday's trending stocks in today's Market Minute.

Starbucks (SBUX) announced its plans to lay off 1,100 corporate employees as part of the company's turnaround strategy.

Super Micro Computer (SMCI) shares stumbled as the company has until Tuesday to submit all outstanding financial reports.

Additionally, Alibaba's (BABA) stock tumbled due to trade tensions between the US and China, despite the company's recently announced $53 billion artificial intelligence (AI) infrastructure commitment.

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

This post was written by Josh Lynch