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Yahoo Finance host Julie Hyman tracks today's top moving stocks and biggest market stories in this Market Minute, including Honeywell's (HON) second quarter forecasts, Wells Fargo's (WFC) announcement of a $40 billion stock buyback program, and tobacco company Altria (MO) reported better-than-expected first quarter adjusted earnings results.
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 fluctuating amid hopes for auto tariff relief and as investors digest a rush of fresh earnings. Honeywell providing better than expected earnings guidance for the second quarter, the industrial conglomerate also noting it will offset $500 million of tariff exposure at current rates. Honeywell said it will use price changes as well as cost reductions from AI and supplier diversification to offset tariffs. Wells Fargo announcing a new $40 billion stock buyback authorization. The new buyback will take effect upon the completion of the current repurchase program. This comes amid increased buybacks among the biggest US banks in the first quarter. Altria Group topping first quarter earnings expectations and reaffirming its full year earnings growth outlook. The tobacco company noting its guidance includes the current estimated impact of increased tariffs on its costs. And that's your Yahoo! Finance Market Minute. For more on what's trending on Yahoo! Finance, scan the QR code below.
