Market Overview

The Market In 5 Minutes: China Tariffs, Zuckerberg, Spotify, Model 3 Deliveries And More

The Market In 5 Minutes: China Tariffs, Zuckerberg, Spotify, Model 3 Deliveries And More


Spotify Technology (NYSE: SPOT) traded for the first time on a U.S. public stock exchange Tuesday: Link

Tesla Inc (NASDAQ: TSLA) peaked 7.2 percent higher Tuesday after posting first-quarter figures in Model 3 deliveries, production and production rate: Link

China swiftly retaliated against to the Trump administration’s latest proposed penalties on Chinese goods, announcing 25 percent tariffs on critical American exports, including soybeans, airplanes and autos: Link $

Following wild price swings for markets in the first quarter, Wall Street’s trading desks are poised to report one of their best three-month periods in years: Link $

Facebook Inc (NASDAQ: FB) Chief Executive Mark Zuckerberg said on Tuesday that he agreed “in spirit” with a strict new European Union law on data privacy but stopped short of committing to it as the standard for the social network across the world: Link

Microsoft Corp (NASDAQ: MSFT) on Tuesday backed the Justice Department’s request that the U.S. Supreme Court dismiss a case pitting the two against each other over whether prosecutors can force technology companies to hand over data stored overseas after Congress passed a law that resolved the dispute: Link

British advertising company WPP (NYSE: WPP) said on Tuesday it is conducting an investigation in response to an allegation of personal misconduct against its chief executive, Martin Sorrell, who denied wrongdoing: Link


  • ADP Employment Change for Mar 241.0K vs 208.0K Est; Prior 235.0K
  • St. Louis Federal Reserve Bank President James Bullard is set to speak in Little Rock, Arkansas at 9:45 a.m. ET.
  • US Services Purchasing Managers' Index for March is schedule for release at 9:45 a.m. ET.
  • Data on factory orders for February will be released at 10:00 a.m. ET.
  • The ISM non-manufacturing index for March is schedule for release at 10:00 a.m. ET.
  • The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
  • Cleveland Federal Reserve Bank President Loretta Mester will speak in Wilberforce, Ohio at 11:00 a.m. ET.


  • Berenberg upgraded Aptiv (NYSE: APTV) from Hold to Buy
  • Jefferies upgraded Weatherford (NYSE: WFT) from Underperform to Hold
  • Mizuho downgraded Endo (NASDAQ: ENDP) from Buy to Neutral
  • Barclays downgraded PTC Therapeutics (NASDAQ: PTCT) 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.


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