Yahoo Finance host Josh Lipton tracks today’s top moving stocks and biggest market stories in this Market Minute, including AbbVie (ABBV) shares sliding as the company raises its annual forecast on the success of its anti-inflammatory drugs, while Sharpie-parent company Newell Brands (NWL) stock plunges after cutting its full-year outlook on a challenging consumer environment tied to tariff price hikes.
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It’s a mixed day on Wall Street, the Dow and the S&P 500 losing steam as the session wears on.
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Nasdaq is the outperformer, thanks to Amazon.
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And AbbVie shares are weighing on the Dow, the pharma giant reporting mixed sales for its drugs in the third quarter, weighed by the beauty business, but sales are booming for its new anti-inflammatory drugs, which led AbbVie to raise its annual forecast.
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And finally, shares of Newell brands plunging on the third quarter earnings, maker of Sharpies and Yankee candles seeing lower sales as customers push back against price hikes,
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which were put in place to offset tariffs. Company cut its full-year outlook and now expects full-year net sales to be down between 4 and a half and 5%.
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And that’s your Yahoo Finance Market Minute.
