Apple, oil futures, bank stocks: Market Minute
April 9, 2025
Josh Lipton goes over some of the top trending stories on this segment of Market Minute.
Apple (AAPL) stock rebounds after previous losses, though shares are down over 20% over the past five days.
Oil futures (CL=F) are sliding due to the escalating trade war as China announced retaliatory tariffs of 84% on US goods, effective April 10th.
Bank stocks, including JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) are under pressure after JPMorgan Chase CEO Jamie Dimon warned that a US recession is likely.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance’s Market Minute.
00:00 Speaker A
It’s time for Yahoo Finance’s market minute. US stocks undergo another volatile session as trade tensions escalate. Apple shares rising as the tech trade attempts a comeback here. The move higher comes after heavy selling in the sector in prior sessions. However, shares of Apple still down more than 20% over the past 5 days. Oil futures, meanwhile, are sliding amid rising tariff conflict. China announcing retaliatory tariffs of 84% on US goods in response to Trump’s levies that took effect. Chinese tariffs take effect on April 10th. Lastly, bank stocks are under pressure as JP Morgan Chase CEO Jamie Dimon says a US recession is now a likely outcome. Diamond saying on Fox Business that the economy is likely headed toward recession amid Trump’s tariffs and negative market reactions. 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.
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