Yahoo Finance host Julie Hyman tracks today’s top moving stocks and biggest market stories in this Market Minute, including the bump up in oil prices (CL=F, BZ=F) after President Trump imposed sanctions on two of Russia’s biggest producers, the latest news that the Trump administration is not currently in talks to invest in quantum computing companies, and Rivian (RIVN) to lay off over 600 workers.
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It’s time for Yahoo Finance’s market minute.
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US stocks pushing higher as investors digest a slew of corporate earnings.
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On the commodities front, oil is jumping as President Trump ramps up pressure on Russia.
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The US has blacklisted Russian oil giants in an effort to cut off revenue that Russia needs for its war effort in Ukraine.
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Plus watching Quantum stocks as Yahoo Finance reports the US is not necessarily planning to invest in those companies.
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The Wall Street Journal had previously reported that the US was weighing stakes in those firms.
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And Rivian is planning to lay off over 600 workers as customer demand for EVs softens. That’s according to a Wall Street Journal report.
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The EV maker cut 15,000 employees at the end of last year and had a smaller round of layoffs affecting one and a half percent of its workforce just about a month ago.
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And that’s your Yahoo Finance Market Minute. You can scan the QR code below to track the best and worst performing stocks of the trading session.
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