Market Overview

The Market In 5 Minutes: Musk, Spotify, Apple-Intel, CBS-Viacom And More

The Market In 5 Minutes: Musk, Spotify, Apple-Intel, CBS-Viacom And More


After snapping a nine-quarter winning streak in the first quarter of 2018, U.S. stocks stumbled out of the gate in the second quarter on Monday: Link

April is here, and if past precedent holds true to form, that could be good news for investors who are long U.S. stocks. Over the past 20 years, the S&P 500 averaged an April gain of 1.8 percent while finishing higher 75 percent of the time.: Link

Sumner Redstone has overwhelming voting control of CBS Corporation (NYSE: CBS) and Viacom Inc. (NASDAQ: VIAB) And yet, he won’t have the final say over whether the companies merge: Link $

The Environmental Protection Agency moved to ease Obama-era vehicle emissions standards, siding with car makers who say the rules don’t work in an era of cheap gasoline, and setting up a fight with environmentalists and the state of California: Link $

Spotify Technology’s (NYSE: SPOT) unusual route to becoming a public company is a test case for other multibillion-dollar tech companies that are looking to sell their shares but are not in need of cash: Link

Apple Inc. (NASDAQ: AAPL) is planning to use its own chips in Mac computers beginning as early as 2020, replacing processors from Intel Corporation (NASDAQ: INTC), according to people familiar with the plans: Link

Elon Musk has reportedly taken over production of Tesla’s (NASDAQ: TSLA) troubled Model 3 following reports that the electric car maker will miss first-quarter production goals for its flagship vehicle: Link


  • Data on motor vehicle sales for March will be released today.
  • Redbook Reports US Retail Sales During First 4 Weeks Of Mar. Up 0.4% MoM, Up 3.5% YoY
  • Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Duluth, Minnesota at 9:30 a.m. ET.
  • The Treasury is set to auction 4-week bills at 11:30 a.m. ET.


  • Citi upgraded U.S. Steel (NYSE: X) from Hold to Buy
  • Stifel upgraded ArcBest (NASDAQ: ARCB) from Sell to Hold
  • Stifel downgraded Constellation Brands (NYSE: STZ) from Buy to Hold
  • Barclays downgraded ManpowerGroup (NYSE: MAN) from Equal-Weight 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.


Related Articles (SPY)

View Comments and Join the Discussion!

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