00:01 Yahoo Finance
It’s time for Yahoo Finance’s Market Minute.
00:03 Yahoo Finance
Stocks are mixed. The S&P 500 and Nasdaq turning positive, looking to recover from Thursday’s steep losses when all three major averages experienced their worst single day performance in over a month.
00:13 Yahoo Finance
Tech stocks in particular on the mend, Nvidia, Tesla, Broadcom, they all saw the largest losses of big tech names during Thursday’s sell off. Now all of them are moving higher.
00:23 Yahoo Finance
And shares of Cidara Therapeutics soaring on news that Merck’s acquiring it for 9.2 billion dollars. Merck wants access to Cidara’s experimental flu drug. This comes after Cidara bought the rights back from Johnson and Johnson which had purchased the rights just last year.
00:39 Yahoo Finance
The deal with Merck is expected to close in the first quarter of 2026.
00:44 Yahoo Finance
And Netflix shares are lower. It’s preparing to execute its 10 for one stock split on Monday. Netflix is also one of three media giants readying a bid for Warner Brothers Discovery assets. That’s according to the Wall Street Journal.
00:54 Yahoo Finance
And that’s your Yahoo Finance market minute.