In This Article:
As part of today's Market Minute, Brad Smith outlines the top stories on Wall Street.
The "sell America" trade continues with the US dollar (DX=F) hitting a three-year low.
Gold (GC=F) climbs to a new record high as investors shift to defensive plays.
Bitcoin (BTC-USD) gains as the market sell-off intensifies.
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. Stocks selling off. The so-called sell America trade intensifying as President Trump pressures the Fed to cut rates amid growing trade tensions. The dollar is under pressure, falling to a three-year low earlier in the session as global investors pull away from US assets amid mounting trade tensions. Gold continuing its climb to yet another record high as investors go risk off, seeking safe haven assets amid trade uncertainty and fears of an economic slowdown. The surge in the precious metal sending shares of gold miners higher as well. And Bitcoin is also jumping as investors climb into digital gold as well as the risk off sentiment grows here. We're also seeing MicroStrategy shares rise. The company bought $555 million worth of Bitcoin ahead of the surge higher. That's your Yahoo! Finance Market Minute. For more on what's trending on Yahoo! Finance, you can scan the QR code below to track the best and worst performing stocks of the session.