In This Article:
Stocks (^GSPC, ^IXIC, ^DJI) are under pressure as investor jitters grow following President Trump's renewed criticism of Fed Chairman Jerome Powell.
UnitedHealth Group (UNH) shares continue to slide after last week’s sharp drop, with Argus cutting its rating to Hold.
Market Domination host Julie Hyman also covers Capital One's (COF) $35 billion acquisition of Discover (DFS) and Chipotle’s (CMG) new push expanding into Mexico.
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. U.S. stocks sinking as President Trump's attacks on Federal Reserve Chair Jay Powell adds on to investor concerns. UnitedHealth Group extending its decline after plunging 22% last Thursday, Argus downgrading the stock from buy to hold after the company's disappointing earnings and outlook. Argus noting it's more difficult to see a path to profitable growth in managed care. And shares of Discover seeing a pop in today's session, Capital One's $35 billion acquisition of Discover received conditional approval from bank regulators. The transaction expected to close on May 18th. Lastly, Chipotle planning to open restaurants in Mexico for the first time. It'll open a location by early 2026 and begin exploring additional expansion markets in that region. The development coming as President Trump wages a trade war with Mexico. Chipotle also set to report its first quarter results Wednesday after the close, and that's your Yahoo! Finance Market Minute.