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Brad Smith examines the top stories on Wall Street as part of today's Market Minute.
Verizon (VZ) shares drop, with the stock on track to record its worst daily performance since 2008 after the company issued a softer-than-expected outlook. Other telecommunications players, such as AT&T (T) and T-Mobile (TMUS), are also falling.
XPeng (XPEV) stock surges amid reports that the Chinese electric vehicle (EV) maker is investing in humanoid robots.
Dick's (DKS) issues a soft outlook citing tariff and demand worries, sending the stock lower.
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This post was written by Naomi Buchanan.
It's time for Yahoo Finance's market minute. Stocks are mostly lower after President Trump said he's raising Canadian steel and aluminum tariffs to 50%. Shares of telecom stocks, Verizon, AT&T and T-Mobile under pressure. Verizon on track for its largest one-day slide since 2008 after the company issued disappointing financial guidance. And shares of Chinese EV maker Xpeng are rising on reports that the company is investing nearly $14 billion in humanoid robots and is willing to invest even more in those humanoid robots. That's according to the Chinese media outlet The Securities Times. And Dick's Sporting Goods shares are lower after issuing a disappointing sales and earnings guidance. Dick's is the latest retailer to forecast a rocky year ahead amid trade tensions and softening consumer. And that's your Yahoo Finance market minute for more on what's trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the session.