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It’s time for Yahoo Finance’s Market Minute.
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US stocks recovering from steep intraday losses, but the Dow, S&P 500 and large cap tech stocks have erased their losses on the week, turning positive.
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Yet fears still still linger on Wall Street as the VIX volatility index spiked to a four-week high earlier, remaining above the key 20 level.
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Meanwhile, the bond market is pricing in a slightly lower chance of a December rate hike.
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In company news, Shake Shack getting a lift at Loop Capital, the firm upgrading the stock from hold to buy, citing that the company’s valuation is quote, easily justifiable.
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Loop Capital goes on to note that Shake Shack can see modestly positive comparable sales growth over the next 12 to 18 months.
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Plus, Trip advisor gets an upgrade at Mizuo Securities, raising its rating on the stock from underperform to neutral, Mizuo highlighting that the company is strategically pivoting its busi business structure
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and has taken bold action with an $85 million cost reduction plan. That is your Yahoo Finance Market Minute. Scan the QR code below to track the best and worst performing stocks of the trading session.