00:00 Speaker A
It’s time for Yahoo! Finance’s market minute. U.S. stocks wavering as the major indices struggle to extend their three-day rally. Bitcoin rising above $95,000. The cryptocurrency gaining roughly 11% over the past five days, outperforming the major averages. Bitcoin rising for a third day as investors digest macroeconomic uncertainties. AbbVie shares getting a lift after the company raises its 2025 profit forecast. The biotech company also topping Wall Street’s earnings expectations for the first quarter. Strong sales of its newer drugs were a highlight in the quarter. And Phillips 66 under pressure after reporting a bigger than expected loss in the first quarter. The U.S. refiner’s disappointing results putting pressure on the operating team amid its proxy fight with activist Elliott Investment Management. 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 this session.
