Meta to launch Threads, Plug Power coverage, Coinbase downgrade: Trending stocks

Stocks close the day in the red amid China headwinds and the Fed's minutes. Meta shares rise ahead of the company's launch of Threads, its Twitter competitor. Plug Power shares jump as Citi initiates coverage on the stock. Coinbase stock falls after the company received a downgrade from Piper Sandler. Yahoo Finance Live breaks down some of the trending tickers of the day.