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Here are some of the biggest names on the move in Monday's trading.
Tesla (TSLA) shares are jumping on reports that President Trump is narrowing some of his tariff plans. Oil (CL=F, BZ=F) prices are also rising on tariff hopes.
One stock trading lower is Lockheed Martin (LMT), which received a downgrade from BofA Securities.
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. US stocks surge as investors weigh reports that President Trump's tariffs will be more targeted. Tesla shares jump amid new optimism about an easing in the nation's tariff plans. Reports indicate President Trump will hold off on imposing levies on the auto sector on April 2nd. Oil also seeing a pop to a session high. The move came after President Trump announced tariffs on imports from any country that buys oil or gas from Venezuela, President noting that those countries will be forced to pay a tariff of 25%. And lastly, Lockheed Martin hit with a downgrade from BVA Securities, the firm moving the stock from buy to neutral and slashing its price target. That move comes after Boeing won the contract to make the Air Force's next jet fighter. And that's your Yahoo Finance market minute. For more on what's trending on Yahoo Finance, scan the QR code below.
