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CrowdStrike, Hims & Hers, Rivian: Market Minute

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Seana Smith breaks down Friday's top stock market movers on Market Minute.

CrowdStrike ( CRWD ) shares are sliding following news that both the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) are investigating its $32 million deal with Carahsoft to provide cybersecurity tools to the IRS.

In the healthcare sector, Hims & Hers ( HIMS ) stock nosedives after the FDA announced an end to shortages of weight loss medications. This news is having the opposite effect on Novo Nordisk ( NVO ), whose shares are surging in response.

Meanwhile, Rivian ( RIVN ) stock is dipping after the company provided weaker-than-expected delivery guidance, highlighting ongoing demand challenges in the electric vehicle (EV) market.

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

This post was written by Angel Smith

00:00 Speaker A

Yahoo Finance's market minute stocks falling as weak economic data weighs on the broader market. United Health, the biggest dragger on the Dow so far today. Crowdstrike shares are edging to the downside today on reports of the SEC and the DOJ are investigating its $32 million deal with tech distributor Carahsoft to provide cyber security tools for the IRS. Crowdstrike shares are down nearly 3%. Hims and Hers is selling off after the FDA declared an end to the weight loss drug shortage. Shares of Novo Nordisk, the company behind Ozempic, Wegovy, are popping on the news. Rivian shares pairing some of the earlier losses. The EV maker reporting softer than expected delivery guidance. CFRA analyst Garrett Nelson telling Yahoo Finance quote, there's a real demand issue in the EV space. You're looking at losses of just about 3%. That's your Yahoo Finance market minute. For more, what's trending on Yahoo Finance, scan the QR code below, track the best and worst performing stocks of the session.

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