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It’s time for Yahoo Finance’s market minute. Stocks are mixed. The S&P 500 and Nasdaq looking to snap their losing streaks as investors await that all important Nvidia earnings release.
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Big tech stocks are mixed ahead of those results with names like Alphabet, Broadcom and Tesla boosting the Nasdaq, while Microsoft and Amazon are still feeling the pain after getting downgraded by Redburn on Tuesday, although Amazon now peeking into the green.
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Rare Earth miner MP materials getting a boost after Goldman Sachs initiated coverage of the stock with a buy rating and $77 price target.
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This comes as the company announces a joint venture with the US Department of War and a Saudi Arabian mining company to develop a rare earth refinery in that Middle Eastern country.
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And Plug Power shares sinking after announcing a plan to raise capital by offering $375 million of convertible notes, diluting existing shareholders stake in the company.
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And that is your Yahoo Finance Market Minute.