00:03 Speaker A
It’s time for Yahoo Finance’s Market Minute. US stocks diverge as investors weigh President Trump’s signal of confidence that the Iran war will end soon. Markets await insight into any progress there, which could reignite the momentum in stocks. The S&P 500 has now posted gains in nine of the past 10 sessions and hits its first intraday record high since January.
00:26 Speaker A
Allbird stock soared as that shoemaker rebrands itself as an AI company. It plans to change its name to Newbird AI and raise $50 million. Funds expected to close during the second quarter of 2026. This AI shift comes after Allbirds sold its footwear assets to American Exchange Group.
00:46 Speaker A
And lastly, shares of Snap on the rise after the company reveals its plan to layoff about 1,000 employees. Company aims to streamline its operations and reallocate resources to accelerate the path toward net income profitability.
01:00 Speaker A
And that’s your Yahoo Finance Market Minute.