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Stocks sink, Robinhood & Cognizant on the move: Market Minute

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Here is the latest news moving markets today in the latest Market Minute.

All three of the major indexes (^DJI, ^GSPC, ^IXIC) are trading sharply lower, with the "Magnificent Seven" leading the way.

Robinhood (HOOD) shares are among the stocks that are falling as investors sell crypto-related stocks. The company also recently agreed to pay nearly $30 million to settle regulatory probes.

One stock on the rise is Cognizant Technology Solutions (CTSH). Shares are moving higher following a Wall Street Journal report that activist investor Mantle Ridge is building a stake in the tech company.

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

This post was written by Stephanie Mikulich.