The Market In 5 Minutes: Treasury Yields, Twitter Beats, Takeda-Shire And More

IN THE NEWS

Ten-year U.S. Treasury yields hit 3 percent on Tuesday for the first time since 2014, but the stock market hasn’t initially reacted the way investors might expect: Link

Ahead of Facebook's FB report this afternoon, Twitter Inc TWTR reported a Q1 earnings beat: Link

The pop in investments combined with returned volatility has been a boon to brokerages, which make more money when their clients are more active: Link

Investors once attracted to the steady payouts of companies selling staples like breakfast cereal, toothpaste and razors are shopping elsewhere: Link $

Takeda Pharmaceutical Co. moved closer to securing a $64 billion takeover of Shire PLC SHPG after the target said it was willing to recommend that shareholders accept the Japanese firm’s latest proposal and extended a deadline to reach a definitive agreement: Link $

China is looking for billions of dollars in funds to propel its domestic ambitions in chips to cut a heavy reliance on imports, and has invited overseas investors to help it get there: Link

A huge swath of the corporate bond market is looking increasingly vulnerable: Link

President Trump’s Department of Justice gave its expert witness a second chance on Tuesday to make a convincing case against AT&T’s T proposed $85 billion buyout of CNN-owner Time Warner TWX: Link

ECONOMIC DATA

  • US MBA mortgage applications w.e. 20 April -0.2% vs +4.9% prior
  • The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
  • The Treasury is set to auction 5-year notes at 1:00 p.m. ET.

ANALYST RATINGS

  • BMO upgraded Disney DIS from Underperform to Market Perform
  • Stifel upgraded Alphabet GOOGL from Hold to Buy
  • Jefferies downgraded Fiat Chrysler FCAU from Buy to Hold
  • Stifel downgraded Floor & Decor FND from Buy to Hold

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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsGlobalTop StoriesPre-Market OutlookMarketsMarket in 5 minutes
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!