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Here are some of the stories Wall Street is watching on Wednesday, May 28.
Utility stocks (XLU) are slipping on concerns about higher interest rates.
Joby Aviation (JOBY) shares are soaring after closing a $250 million investment from Toyota.
Freshpet (FRPT) was downgraded to Hold from Buy at TD Cowen.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for your Yahoo! Finance Market Minute. US stocks hovering near the flat line as investors cautiously count down to NVIDIA's earnings report. The chipmaker's results set to be a test for big tech amid tariff uncertainty. The utilities sector sliding here, leading losses among the S&P 500 sectors. Utilities, typically considered more interest rate sensitive, it has lagged amid the recent rise in Treasury yields, with the 30-year once again crossing above 5%. And Joby Aviation shares surging after receiving a $250 million investment from Toyota. It's part of a previously announced strategic investment from Toyota. Funds are aimed at supporting certification and commercial production of Joby's electric air taxi. And Freshpet shares under pressure here, as it gets hit with a downgrade at TD Cowen with a price target of $96. That firm noting concerns of a deceleration in retail sales growth. And that's your Yahoo! Finance Market Minute. For more on what's trending, scan the QR code below.
