The Market In 5 Minutes: More Tariffs, Job Growth Slows, Longfin, Valeant And More


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


IN THE NEWS

Longfin Corp (NASDAQ:LFIN) stock has been all over the map lately, plummeting 80 percent in a two-week stretch before surging 80 percent Thursday after CNBC interviewed CEO Venkat Meenavalli: Link

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The market-moving nature of clinical trial results is due to the fact that only a small proportion of drugs that move from pre-clinical trials or animal testing stage advance successfully through the three phases of clinical trials: Link

President Donald Trump threatened a major escalation in trade tensions with Beijing on Thursday, saying he was considering imposing tariffs on an additional $100 billion in imports from China: Link $

Stock-market swings in the past week have many investors scrambling to profit from the return of turbulence after a prolonged period of tranquility: Link $

U.S. job growth slowed in March as the boost from mild temperatures faded: Link


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Special Counsel Robert Mueller revealed to lawyers for Paul Manafort, the former Trump campaign chairman, that they obtained a search warrant for information about five telephone numbers, suggesting the sprawling investigation may be headed in a new direction: Link

MGM Resorts (NYSE:MGM) has expressed recent interest in buying Wynn Resorts (NASDAQ:WYNN), The Post has learned: Link

ECONOMIC DATA

  • Nonfarm Payrolls for Mar 103.0K vs 193.0K Est; Prior 313.0K. Private Payrolls for Mar 102.0K vs 190.0K Est; Prior 287.0K
  • Unemployment Rate for Mar 4.10% vs 4.00% Est; Prior 4.10%
  • Chicago Federal Reserve Bank President Charles Evans is set to speak in Chicago at 10:30 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
  • Federal Reserve Chairman Jerome Powell will speak in Chicago at 1:30 p.m. ET.
  • Data on consumer credit for February will be released at 3:00 p.m. ET.
  • San Francisco Federal Reserve Bank President John Williams is set to speak in Santa Rosa, California at 4:00 p.m. ET.

ANALYST RATINGS

  • Mizuho upgraded Valeant (NYSE:VRX) from Underperform to Neutral
  • KeyBanc upgraded Halyard Health (NYSE:HYH) from Sector Weight to Overweight
  • JPMorgan downgraded Xilinx (NASDAQ:XLNX) from Neutral to Underweight

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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