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It’s time for Yahoo Finance’s Market Minute.
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Stocks are surging, looking to bounce back from Friday’s $2 trillion sell-off.
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President Trump pulling back on his threat to impose an additional 100% tariff on Chinese goods.
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Nvidia is leading the magnificent seven stocks higher. That cohort had been falling along with broader markets on Friday.
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It’s now getting a boost as trade tensions between the US and China seem to be easing, as well as hopes for future AI demand as Broadcom inks a deal with OpenAI.
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Amazon’s also rising. It announced plans to hire 250,000 workers for the holiday season in its fulfillment and transportation unit as it gears up for an influx of orders.
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That is, by the way, the same number of seasonal hires as the last two years.
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Challenger, Gray & Christmas reported that retailers may add fewer than 500,000 seasonal jobs this year. That’s the lowest number since 2009.
00:54 Speaker A
And that is your Yahoo Finance Market Minute. Scan the QR code below to track the best and worst performing stocks of the session.
