NewsMax surges, airlines downgraded, GM sales rise: Market Minute

April 01, 2025 05:17 PM BST | By EODHD
 NewsMax surges, airlines downgraded, GM sales rise: Market Minute
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On today's Market Minute, Julie Hyman takes a closer look at the trending stories on Wall Street, including NewsMax (NMAX) extending its post–initial public offering (IPO) gains, Jefferies downgrading airline stocks Delta (DAL), American Airlines (AAL), and Southwest (LUV), and rising sales for General Motors (GM). Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Video Transcript 00:00 Speaker A It's time for Yahoo! Finance's market minute. Stocks are higher, poised for a rebound on the first trading day of the second quarter. Conservative cable news company, Newsmax extending its massive 700% gains post IPO.

Shares now up about 60%. Newsmax was originally priced at $10 a share with the intention of raising $75 million. Its rapid rise pushing the company's market cap over $10 billion with a share price of around 136 at the moment. Airline stocks sliding after Jeffries downgraded Delta, American, and Southwest. The analyst there citing disappointing consumer sentiment and tariff risks.

All three carriers previously slashed their first quarter forecast last month. And General Motors reporting a nearly 17% jump in US first quarter sales driven by demand for its SUVs and pickup trucks. These numbers coming just before President Trump's 25% tariff on auto imports is set to take effect on April 3rd with a potentially massive impact on the industry. That's your Yahoo! Finance market minute. Related Videos 05:23 Shake Shack, Roblox, Goldman Sachs: Trending Tickers Yahoo Finance Video • 12 minutes ago 05:30 What to expect from Powell & other Fed officials this week Yahoo Finance Video • 31 minutes ago 03:45 Big Goldman Sachs Bonuses Draw Criticism Bloomberg • 1 hour ago 03:36 Market hasn't bottomed yet, 'more pain' to come Yahoo Finance Video • 2 hours ago View Comments


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