Circle soars with IPO, Ciena sinks, Planet Labs Q1 beat
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Market Domination co-host Julie Hyman tracks today's top moving stocks and biggest market stories in this Market Minute.
Circle Internet Group (CRCL) soars after the stablecoin issuer debuted on the NYSE, signaling strong investor demand for crypto assets.
Ciena (CIEN) stock drops as the network gear maker posts a first quarter earnings miss, with rising operating expenses and disappointing gross margins.
Meanwhile, Planet Labs (PL) shares jumped after beating first quarter revenue estimates.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's market minute. Stocks seesawing as investors weigh President Trump's talk with Chinese President Xi and also Trump's altercation with Tesla CEO Elon Musk. The S&P 500 eyeing breaching the 6,000 level for the first time since February. Stablecoin issuer Circle going public on the New York Stock Exchange, the stock opening at $69 after pricing its IPO at $31 per share. Those shares are now surging, signaling a healthy appetite for stable coins and for crypto generally. Ciena stock sinking after the maker of network gear posting an earnings miss, the company reporting a rise in operating expenses in the first quarter and also gross margin falling short of analyst estimates. And shares of Planet Labs surging after the satellite data provider topping first quarter revenue expectations. Wedbush highlighting that the quarter was a step in the right direction, adding that the company finds itself at the center of multiple market-changing transformations. And that's your Yahoo! Finance market minute.