Key insights
- SanDisk is joining the NASDAQ-100, typically a bullish signal but overshadowed by geopolitical risk. CoreWeave surged on an upgrade citing Meta and Anthropic deals. However, Trump's order to blockade the Strait of Hormuz introduces significant uncertainty, potentially disrupting oil supplies and negatively impacting market sentiment, outweighing the positive stock-specific news.
Yahoo Finance anchor Josh Lipton tracks Monday's top-moving stocks and biggest market stories.
Sandisk (SNDK) stock is moving higher on news that the company is set to join the NASDAQ-100 (^NDX) index later this month.
CoreWeave (CRWV) stock is surging after Macquarie upgraded the stock to Outperform from Neutral.
It's time for Yahoo Finance's market minute. US stocks looking to hold on to gains here after trimming earlier losses.
The market swing comes after President Trump ordered a US blockade of the Strait of Hormuz following the collapse of negotiations between the US and Iran.
Shares of SanDisk jumping higher after announcing the company will join the Nasdaq 100 Index.
SanDisk will replace Atlassian Corporation. This will go into effect prior to the market open on Monday, April 20th.
And lastly, CoreWeave stock also seeing a pop today. The move higher comes as Macquarie upgrades that stock from neutral to outperform.
Analyst Paul Golding noting that CoreWeave's recent Meta and Anthropic deals validate its differentiated platform and unique access to hardware.
The firm also lifting its price target on that stock from 90 to 125.
And that's your Yahoo Finance market minute.
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