By coinnews 
00:00 Speaker A
It’s time for Yahoo! Finance’s market minute. Stocks extending their tariff-fueled selloff after China announced its retaliation with a 34% tariff on US goods. Meantime, Intel shares sinking as the escalating trade war overshadows a reported deal with Taiwan Semiconductor. Stocks got a boost after the information reporting an early agreement for TSMC to take a 20% stake in Intel’s chip manufacturing operations, but you can see now moving to the downside. Meantime, Dell extending losses, down over 7%. The personal computer company was the worst performer in the S&P 500 on Thursday. An analyst at Morgan Stanley calling tariffs, quote, “calamitous” for tech hardware companies. And Chinese tech stocks Alibaba, PDD, and jd.com sinking as the trade war escalates. These companies caught in the crosshairs as both countries struggle with slowing consumer demand and retaliatory tariffs. That’s your Yahoo! Finance market minute. For more, scan the QR code below to track the best and worst performing stocks.