In This Article:
Josh Lipton examines some of the top stories of the trading day on Yahoo Finance's Market Minute.
Barclays downgrades its US dollar (DX=F) forecast as the currency hits a three-year low.
Netflix (NFLX) stock rises despite the broader sell-off, extending gains fueled by the streaming giant's earnings beat.
Hertz (HTZ) stock slides, losing ground from last week when news that Bill Ackman's Pershing Square Capital Management disclosed a large stake in the company, which drove the stock higher.
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. The market route continues with U.S. stocks selling off. President Trump's insults toward Fed chair Jerome Powell sparking concerns over the Fed's independence. The U.S. dollar falling near its lowest level since 2022. Barclays downgrading its dollar forecast amid Fed independence concerns, the firm noting that ongoing loss of credibility stemming from liberation day put the dollar in an especially fragile state. Netflix shares rising despite the market sell-off as it acts more like a defensive play here. The stock rising in its first train day since reporting earnings at top expectations. And Hertz shares fall as the stock gives back gains from last week's rally from Bill Ackman's big investment. Ackman's hedge fund taking a significant position in the rental car giant, noting it sees the company benefiting from auto tariffs. And that's your Yahoo! Finance market minute. For more on today's trading scan the QR code below.