Here are some of the top stories moving markets midday Friday.

The "Magnificent Seven" are part of the reason stocks are trading lower. The recent market volatility is sending gold to a new record.

One stock on the move is Bausch + Lomb (BLCO), which issued a voluntary recall of "intraocular lenses on its enVista platform."

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

Video Transcript

00:00 Speaker A

It's time for Yahoo! Finance's market minute. Stocks are selling off amid rising inflation concerns and weak consumer sentiment. The MAG seven stocks taking a hit amid the broader market sell-off. Among the group's biggest laggards are Amazon, Tesla and Meta. Nearly all of the MAG seven are on track to end the quarter with losses. Gold is soaring to a fresh record. That's been fears of an escalating trade war. Precious metals are passing 3100 ahead of the Trump administration's reciprocal tariffs announcement next week. A weaker US dollar also supporting higher gold prices. And lastly, Bausch and Lomb under pressure. That's been a voluntary recall of some of its implantable eye lenses. The company also hit with a downgrade at Wells Fargo from overweight to equal weight following the recall announcement. And that's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below.  Related Videos

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