United Airlines & Abbott Labs earnings, Ackman’s Hertz stake

00:00 Speaker A

It’s time for Yahoo! Finance’s market minute. Stocks sliding as Nvidia weighs on Big Tech. United Airlines shares rising, boosting its competitors after reporting solid results in its first quarter amid the macroeconomic uncertainty. The carrier issuing two sets of guidance, one for a stable environment and one for a recession. United saying it quote, “expects resilient earnings.” Abbot Labs shares rising on better than expected profits driven by demand for medical devices and nutritional products. Those increases offsetting declines in Abbot’s diagnostic sales. And shares of rental car company Hertz soaring after billionaire Bill Ackman’s investment firm disclosed a large stake. Pershing Capital now owns 12.7 million shares valued at over $46 million, making it one of Hertz’s largest shareholders. That’s your Yahoo! Finance market minute. For more on what’s trending on Yahoo! Finance, you could scan the QR code below to track the best and worst performing stocks of the session on Yahoo! Finance.