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It’s time for Yahoo Finance’s market minute. US stocks are under pressure today as a sell-off in tech stocks weigh on the major averages. The Wall Street Journal reporting that the US may revoke waivers for allies with semiconductor plants in China, reigniting concerns about the trade war and hitting shares of chip stocks. Meanwhile, shares of stablecoin issuer Circle are climbing today after the company received its first buy rating. Seaport analyst Jeff Cantwell sees the global stablecoin market potentially reaching two trillion dollars, translating to annual revenue growth of 25% to 30% for Circle. And Kroger shares are climbing today after earnings showed its sales topped analyst estimates. The nation’s largest supermarket operator also raised its full-year sales guidance, but did cite broader economic uncertainty as a potential headwind. And that’s your Yahoo Finance market minute. For more on what’s trending on Yahoo Finance, you can scan the QR code below to track the best and worst performing stocks of the trading session.
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