00:00 Speaker A
It’s time for Yahoo! Finance’s Market Minute. US stocks eyeing a rebound after a bruising day on Wall Street yesterday. Kimberly Clark cutting its full year profit outlook as it faces $300 million of additional cost tied to tariffs. The maker of Kleenex tissues and Huggies diapers said it does not plan to pass those higher costs onto consumers, but will try to mitigate the hit by tweaking its supply chain. Homebuilder PulteGroup topping first quarter earnings and revenue estimates, although earnings did fall from the prior year. Pulte said it did offer incentives to attract buyers during the quarter. At the same time, its home sales gross margin beat analyst forecasts. Lastly, Bitcoin trading near $91,000 for the first time since February, the cryptocurrency continuing to climb as investors seek non-dollar denominated value in this market. And that’s your Yahoo! Finance Market Minute. For more on what’s trending on Yahoo! Finance, scan the QR code below.
Read More: Kimberly-Clark cuts outlook, PulteGroup earnings, bitcoin rallies
