00:01 Speaker A
It’s time for Yahoo Finance’s market minute. Alphabet stock is on track for its best quarter in 20 years. The tech giant is on track to close the third quarter with a roughly 35% gain since July 1st. This comes as the company also settled a lawsuit with President Trump and agreed to pay the president $24 million over the suspension of his YouTube account.
00:23 Speaker A
Oil sliding as OPEC Plus reportedly likely to consider a larger increase to output for November.
00:30 Speaker A
Rising oil prices seemingly encouraging the group to try to regain more market share. OPEC Plus countries are set to meet on October 5th to discuss production levels.
00:39 Speaker A
And lastly, Semtech getting an upgrade over at Oppenheimer from perform to outperform. The firm highlighting that the company’s active copper cable offerings can win market share.
00:48 Speaker A
That’s your Yahoo Finance market minute. for scanning the QR code below to track the best and worst performing stocks of the trading session.
