Market Overview

The Market In 5 Minutes

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The Market In 5 Minutes

IN THE NEWS

BENZINGA

The disruption of retail is in a revolutionary stage, with traditional retail's presence and influence dwindling by the day: Link

On May 25, 1931, the New York Stock Exchange delivered its first public report on the total number of shares sold short to that day, as well as that amount as a percentage of the total equity available on the market -- the short interest: Link

With Memorial Day ushering in the unofficial beginning of summer, gas prices are set to rise. The peak summer driving season is typically a period when gas prices see an uptick due to the increase in demand: Link

THE WALL STREET JOURNAL

The New York Stock Exchange is seeking to change its listing standards as it vies for Spotify AB and other hot startups that are considering an unusual tactic called a direct listing: Link

Big companies are giving up on the stock split, once considered a way to keep shares affordable for the retail trader, as companies aspire to new heights: Link

REUTERS

U.S. President Donald Trump on Thursday intensified his accusations that NATO allies were not spending enough on defense and warned of more attacks like this week's Manchester bombing unless the alliance did more to stop militants: Link

The current level of U.S. prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2-percent inflation target, St. Louis Federal Reserve President James Bullard said, calling the trend "worrisome.": Link

BLOOMBERG

Battery powered cars will soon be cheaper to buy than conventional gasoline ones, offering immediate savings to drivers, new research shows: Link

The rules of insider trading are complicated. You might think it's as simple as "don't trade on nonpublic information you got from an insider," but it isn't: Link

NY POST

Amazon (NASDAQ: AMZN) may have finally killed the bookstore once and for all — by opening one: Link

ECONOMIC DATA

  • Data on durable goods orders for April will be released at 8:30 a.m. ET.
  • Data on Gross Domestic Product for the first quarter will be released at 8:30 a.m. ET.
  • The University of Michigan's consumer sentiment index for May is schedule for release at 10:00 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.

ANALYST RATINGS

  • JP Morgan Upgraded Ecolab (NYSE: ECL) from Neutral to Overweight
  • Wells Fargo Upgraded Infinera (NASDAQ: INFN) from Market Perform to Outperform
  • Wedbush Upgrades Norwegian Cruise Line (NASDAQ: NCLH) From Neutral to Outperform
  • JMP Downgraded Beazer Homes (NYSE: BZH) from Market Perform to Market Underperform
  • Macquarie Downgraded W.W. Grainger (NYSE: GWW) from Outperform to Neutral
  • Morgan Stanley Downgrades Jinko Solar (NYSE: JKS) From Overweight 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 or email minutes@benzinga.com.

Posted-In: Market in 5 minutesNews Global Top Stories Pre-Market Outlook Markets Best of Benzinga

 

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