00:00 Speaker A
It’s time for Yahoo! Finance’s market minute. A rebound for US stocks loses some steam but tech leading the way as it looks for a comeback. Shares of Tesla extending gains after earlier in the week suffering its worst day in nearly five years. The stock now rising for a second day despite seeing an 11% dip in US registrations in January and a price target cut at JP Morgan. Amazon catching a break as well. The Federal Trade Commission asking a judge to delay the start of a trial over its Amazon Prime deceptive practices case. The agency citing staffing and budget constraints. Lastly, PepsiCo shares taking a hit as the company is downgraded from buy to hold at Jefferies, the firm noting limited upside potential and weakness in its Frito division. 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.