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It’s time for Yahoo Finance’s Market Minute. U.S. stocks heading for a fourth day of declines as the sell-off in Mega Cap tech continues. In the four-day span, the S&P has wiped out nearly $1.1 trillion in market value. Nvidia leading losses among the big tech stocks, seeing more than $300 billion wiped from its market cap in that four-day window. Plus, Target shares slumping amid disappointment over the company’s newly appointed CEO. The retailer tapping an insider to replace longtime CEO Brian Cornell. Investors are seeking a turnaround amid slumping sales. And sticking with retail, denim brand Guess is set to go private in a $1.4 billion deal with Authentic Brands. Guess management will continue to run the business and own the operating company while Authentic Brands will acquire a majority stake in Guess’s intellectual property. Authentic owns brands like Dockers, Champions, and Reebok. I’m John Hyland, and that’s your Yahoo Finance Market Minute. For more on what’s trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the trading session.
