By Yahoo Finance
Publication Date: 2026-03-05 18:24:00
00:03 John Highland
It’s time for Yahoo Finance’s market minute. I’m John Highland. We’re about halfway into the trading day and it is a down day for stocks. You’re seeing the major averages all trading in the red.
00:11 John Highland
We’ve kind of seen this playing out all week where one day we’re higher, one day we’re lower. Today it looks like those higher oil prices could be weighing on risk assets as we wait and see kind of what the implications are from the war in Iran.
00:20 John Highland
I want to switch it up though and hone in on Morgan Stanley. The investment bank is cutting about 3% of its global workforce and it’s not just in one business, it’s across everything.
00:28 John Highland
It’s in investment banking, it’s in its trading business, also in wealth management. You’re seeing shares down on the day as investors kind of question, you know, what’s going on with those job cuts.
00:36 John Highland
And finally, I want to take a look at Nvidia. Um Nvidia along with shares of AMD took a leg lower today. It is a down day, so they’re uh we’re already in the red, but there’s some reports that there are rules uh coming out, uh reports from Bloomberg on draft regulations over AI chip sales that the US could be in charge of where those companies sell when it comes to any country in the world.
00:54 John Highland
And that’s your Yahoo Finance Market Minute.
