Financial Insights That Matter
00:00 Speaker A
It’s time for Yahoo! Finance’s market minute. Stocks are seesawing as investors assess the fallout from President Trump’s fast-moving tariff policy. Meantime, big bank stocks turning higher along with the broader market. Initially falling this morning amid mounting fears of an economic downturn. You can see though now moving to the upside. Morgan Stanley cutting its rating for the large and mid-cap banking sectors down to in line from attractive. The analyst saying the base case is for a significant GDP slowdown. We’ll get earnings from America’s biggest banks on Friday here. Crypto-related stocks Robinhood, Strategy, and Coinbase mixed as Bitcoin sells off along with the broader market. The cryptocurrency trading just above $76,000 today, well off highs from the post-election rally. And Spirit Airlines CEO Ted Christie is stepping down. Christie led Spirit through the COVID-19 pandemic, a failed merger, and a financial restructuring that brought the company out of Chapter 11 bankruptcy. That’s your Yahoo! Finance market minute for more on what’s trending, scan the QR code.
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